Month: May 2022

Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil
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Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down
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Today’s German inflation report is another wake-up call for the ECB and its single mandate. CPI rose 7.9% y/y and HICP was up 8.7%, both well above expectations. In addition, the monthly numbers were also very hot, indicating an acceleration in pricing, even from these levels. They’re also far too high above the ECB’s target.
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