Category: interest
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Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?
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Bitcoin price is rising, reaching $66,173 today; The original appears to have reached prominence behind the scenes. According to CryptoQuant analyst EgyHash, Bitcoin’s open interest — a measure of the total number of outstanding derivatives contracts — has risen. receipt New all-time high. This development indicates increased activity in the…
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US bank profits to shrink on interest income, focus shifts to Fed cuts By Reuters
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Written by Nupur Anand NEW YORK (Reuters) – JPMorgan Chase and Wells Fargo began reporting sector earnings on Friday, with investors expected to focus on the big banks’ net interest income forecasts after strong jobs data fueled uncertainty about the future path of the federal funds rate. Sale. Both banks…
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Asia FX weak, dollar strong amid bets on smaller US interest rate cut By Investing.com
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Investing.com — Most Asian currencies fell on Monday with the Japanese yen taking sharp losses, while the dollar stabilized from a recent rebound as strong jobs data sparked bets on smaller interest rate cuts. Regional trading volumes were affected by the holiday in China, and markets are scheduled to open…
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Interest paid on domestic loans up Sh89bn on higher rates, borrowing
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Taxpayers paid an additional Sh89.4 billion in interest payments on the government’s domestic debt in the year to June 2024, reflecting higher interest rates on debt securities and increased domestic borrowing for budget purposes in the period. National Treasury disclosures show that interest payments rose to Sh622.5 billion from Sh533.1…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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Chart Art: WTI Crude Oil (USOIL) Is Testing A Key Area Of Interest!
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After the sharp rise seen earlier this week, US crude oil prices are back in the main area of concern. Is the second time a charm for WTI bulls? We take a closer look at the 4-hour time frame! West Texas Intermediate (USOIL) 4 hours Chart by TradingView In case…
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What’s Driving Interest In The Token?
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This article is also available in Spanish. Ripple’s XRP token racked up nearly $1 billion in open interest over the weekend, with its price hovering around $0.61 at press time, data from CoinGlass showed. What characterizes XRP price action? While the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), are…
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What’s Driving Interest In The Token?
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This article is also available in Spanish. Ripple’s XRP token racked up nearly $1 billion in open interest over the weekend, with its price hovering around $0.61 at press time, data from CoinGlass showed. What characterizes XRP price action? While the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), are…
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More on BNZ forecasting a 50bp interest rate cut next week from the RBNZ
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BNZ sums up its reasons: QSBO is just awful Consumer Price Index heads below 2.0% Soft labor market to subjugate non-tradable goods Price settings should move quickly towards neutrality A 50 basis point cut is warranted at the October meeting “In our view, we believe that the reflationary information we…
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Swiss National Bank Cuts Interest Rate to 1.00%
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The Swiss National Bank (SNB) announced a 25 basis point interest rate cut on Thursday 26 September 2024, to 1.00% as was widely expected. This marks the third consecutive interest rate cut by the central bank, which also indicated that further cuts may be necessary in the coming quarters to…
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Chart Art: WTI Crude Oil (USOIL) Still Stalling Around Area of Interest!
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WTI Crude Oil Traders Can’t Make Up Their Mind! The energy commodity is still trading in its visible zone of interest on the 4-hour time frame, with several inflection points extending across the area. Will the trend continue in the long term? Crude Oil WTI (USOIL) Forex 4 Hours Chart…
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Dogecoin Open interest Remains Muted Below $500 Million, What’s Going On?
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This article is also available in Spanish. As the market recovers, open interest in major assets has been rising, but Dogecoin doesn’t seem to be following the trend. The meme coin has been muted, failing to move as much as other large-cap coins like Bitcoin and Solana. Naturally, the direction…
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Pound reaches two-year high as Bank of England holds interest rates steady
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The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
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Pound reaches two-year high as Bank of England holds interest rates steady
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The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
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Australia’s August Labor Market Data Shows Strength Despite High Interest Rates
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Data from the Australian Bureau of Statistics reflects the resilience of the Australian labour market in a high interest rate environment. The economy added a net 47.5K jobs in August, above the expected gain of 28.0K and slightly below the downwardly revised gain of 48.9K in July. The gains came…
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Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
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The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…
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Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
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The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…
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Federal Reserve Cuts Interest Rates by 50 Basis Points to Address Economic Uncertainty
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The US Federal Reserve today made a major decision to cut interest rates by 50 basis points, reducing the federal funds rate range to 4.75% – 5%. The move, the first major cut in more than four years, reflects concerns about the state of the US economy, despite the continued…
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FTM Rockets 14% Amid Growing Interest In Fantom Ecosystem
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This article is also available in Spanish. Fantom (FTM) was created. 17% increase Over the past week, there has been a very good trend, with strong support in the $0.47-$0.48 area, according to IntoTheBlock data. This suggests that the price rise may be linked to increased demand and growing network…