Category: interest
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Bitcoin Price In June Eyeing $80,000 Milestone As Open Interest For Bitcoin In June Reaches 19B
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The cryptocurrency market has been full of excitement as Bitcoin (BTC) continues to push the limits of its price performance. After breaching the $70,000 mark, traders and analysts are now eagerly anticipating the possibility of Bitcoin price in June 2024 reaching the highly coveted $80,000 level. This renewed bullish momentum…
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UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
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UK businesses plan to ease pay and price increases over the next year, paving the way for interest rate cuts this summer. This trend was highlighted in the latest poll conducted by the Bank of England’s decision-making committee. According to the survey, companies intend to increase wages by 4.1 percent…
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CBK bags Sh12bn interest from loans to Treasury
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The Central Bank of Kenya (CBK) will receive a total benefit of Sh12.62 billion from emergency lending to the National Treasury in the financial year ending June 30, 2024, more than double original estimates after the policy rate hiked over the past 12 months. A report on Consolidated Fund Services…
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ECB Lowered Interest Rates by 0.25% as Expected in “Hawkish Cut”
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As expected, the European Central Bank cut interest rates by 25 basis points, but surprisingly dampened the prospects for further easing soon. Policy makers had a near unanimous vote to cut the deposit rate to 3.75% and the key refinancing rate to 4.25% as one dissenter (Holtzmann) wanted to keep…
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Canadian dollar outlook dims on expected interest rate divergence By Reuters
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By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
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Tradeweb Integrates Repurchase Agreements and Interest Rate Swaps
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Tradeweb Markets has launched a new feature to connect repo and interest rate swaps (IRS) to enhance execution workflow in these markets. Electronic marketplaces for interest rates, credit, stocks and money markets promised to drive efficiency in how institutional clients navigate these markets through the new offering. Connecting repo markets…
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Investors eye Carl Icahn’s potential interest in Caesars Entertainment (NASDAQ:CZR)
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Nelson Barnard Caesars Entertainment (Nasdaq:CZR(It calmed down a bit on Monday after a big rally last Friday when Bloomberg reported that billionaire activist investor Carl Icahn had taken a stake. Carl Icahn is a well-known name in the casino industry with a proven track record This includes owning stakes in…
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Chart Art: Gold (XAU/USD) Correction to Area of Interest
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Did you miss gold’s strong breakout? This could be your chance to follow the trend if you are still bullish on the precious metal! Take a look at this confluence of levels I’m seeing on the 4-hour time frame. Gold (XAU/USD) 4-Hour Frame Chart by TradingView Watch out, gold bugs!…
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Renewed Investor Interest Pushed Bitcoin (BTC) to its Highest Daily Close in 5 Weeks: Bitfinex
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Flows into the US Bitcoin exchange-traded fund (ETF) market have reversed after a period of outflows and minimal inflows. According to Bitfinex Alpha a reportThe new trend of heavy net flows into spot Bitcoin ETFs indicates renewed interest in the products and investors’ faith in the potential of the digital…
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US federal budget crosses grim milestone as interest payments overtake defense spending
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It has been the United States for a long time The largest defense budget in the worldSpending this year is expected to approach $900 billion. However, this spending is quickly being outpaced by the fastest-growing portion of federal outflows: interest payments on the national debt. to The first seven months…
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UK interest rates remain at 16-year high of 5.25%
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The Bank of England chose to keep interest rates unchanged at 5.25%, the sixth consecutive meeting at the highest level in 16 years. However, there are signs from the central bank indicating a possible shift towards a rate cut, possibly as early as June. Andrew Bailey, Governor of the Bank…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Sweden breaks tradition to cut interest rates before the Fed but will it pay off?
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Sweden took the bold step of cutting interest rates, which surprised some analysts and marked a new phase in global monetary policy that could accelerate economic expansion or return countries including the United States to a more cautious approach. Riksbank Moved in Thursday morning He cut the base interest rate…
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RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
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As expected, the Reserve Bank of Australia (RBA) kept interest rates at 4.35% in May. The Central Bank statement indicated this Inflation is expected to return to the target range of 2%-3% in the second half of 2025 and to 2.5% in 2026. Short-term inflation will “fall more slowly over…
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Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says “Hard To Be Bearish”
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Data shows that Bitcoin’s open interest as a percentage of its market capitalization has been at record lows recently, a sign that the derivatives side has been healthy. Bitcoin’s open interest is now less than 2% of market cap As analyst James Van Straaten explained in New mail On X,…
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Pakistan pushes back deadline for expressions of interest to buy national airline By Reuters
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ISLAMABAD (Reuters) – Pakistan will postpone the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the privatization minister said on Thursday. The extension, announced in a statement by Investment and Privatization Minister Abdul Aleem Khan, came one day before the expression of…