The decentralized social network Friend.tech took to social media to announce an updated feature that will allow users to add and remove various login methods used to access their accounts after reports of SIM-swap attacks emerged. On Oct. 4, Friend.tech said the settings had been made accessible via the app, with users needing to tap
Month: October 2023
Share: In recent weeks, the bond market has seen another hawkish lurch. Economists at ABN Amro look at the drivers of the move so far and make an assessment of whether the rise in yields can be sustained. What is going on in the bond markets? Given the recent economic development in both the US
The miss in the ADP report yesterday gave the market a bit of relief after a series of strong economic data like Jobless Claims, ISM Manufacturing PMI and Job Openings. The ISM services PMI has also printed bang on expectations, and coupled with the other reports, supports the soft-landing narrative. Moreover, the market was also
S&P 500 futures are down roughly 0.4% currently, as stocks are adopting a more cautious approach so far in European trading. There’s not much to work with as headlines have been few and far between during the session. And the bond market is also looking rather tentative for now. 10-year Treasury yields were down to
Oil extended its sharp decline on concerns that a slowdown in global growth will erode consumption. The global Brent benchmark fell below $85 for the first time since late August, while West Texas Intermediate slid below $84 after slumping the most since September last year on Wednesday. Crude’s drop followed a plunge in gasoline after
Japanese Yen is registering broad gains in today’s Asian trading session, buttressed by the 10-year JGB yield which solidly remains above the 0.8% threshold. However, the yen’s advancement is notably limited, still lingering below this week’s high, which many attribute to a suspected, yet unverified, intervention. Japanese The spotlight falls on Japanese Prime Minister Fumio
In this article TLRY Follow your favorite stocksCREATE FREE ACCOUNT Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year-over-year, for its fiscal first-quarter. Its cannabis division brought in $70 million in
Share: WTI prices remain on the defensive near $83.50 on Thursday. OPEC and its allies maintained the output policy unchanged through the end of 2023. The higher-for-longer US rate narrative weighs on the WTI prices. Oil traders await the US Nonfarm Payrolls on Friday for fresh impetus. Western Texas Intermediate (WTI), the US crude oil
The AUDUSD tested the low from yesterday at 0.62849. The low came up a pip short of that low and bounced. The high for the day was able to extend above the low from last week at 0.6331 on two separate 4-hour bars. However, momentum could not be sustained above the level and the price
Fitch Ratings downgraded the US back in August. A key determinant at the time was the “deterioration in governance” cited by the agency. Fitch has weighed in on the chaos in the US government that played out most recently just yesterday with the removal of the House Speaker. “Given the fact that the House speaker
Gold prices crept lower on Wednesday for the eighth consecutive session as elevated U.S. Treasury yields amid expectations that the Federal Reserve will keep interest rates higher for longer continued to weigh on investor sentiment. Spot gold was down 0.2% at $1,818.99 per ounce by 10:39 a.m. ET (1439 GMT), while U.S. gold futures eased
Dollar softens broadly today, as it seems traders are exercising caution, pivoting their focus towards forthcoming heavy-weight economic data releases from the US in the second half of the week. The greenback’s pull back also extends following much weaker than expected ADP private job data. Interestingly, this “bad news is good news” effect is also
Private payroll growth tailed off sharply in September, according to an ADP report Wednesday that provides a counterweight to other signs that the labor market is still running strong. The payroll processing firm said job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate
Bitcoin (BTC) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields. BTC/USD 1-hour chart. Source: TradingView Analysis: $27,000 now “key” for BTC price Data from Cointelegraph Markets Pro and TradingView showed a calm day for BTC price action while U.S. dollar volatility ruled.
Share: Economists at Rabobank are not convinced that the recent rise in USD/MXN marks the start of a new trend of Peso weakness. USD/MXN set to turn back lower when the pace of rising US yields slows While we do think USD/MXN has likely traded the lows of this trend in the 16.60s, we don’t
UK: The BoE kept interest rates unchanged at the last meeting. The central bank is leaning more towards keeping interest rates “higher for longer” but it kept a door open for further tightening if inflationary pressures were to be more persistent. Key economic data like the latest employment report showed a very high wage growth
The greenback is sitting lower on the balance of things now, with EUR/USD up 0.3% to 1.0500 and GBP/USD up 0.4% to 1.2125 on the day. It comes as the bond rout is seen cooling in European trading, with 10-year Treasury yields now at 4.81% after having touched 4.88% at the start of the session.
oil trading at $100-a-barrel next year? Because a triple-digit price tag wouldn’t just mean elevated energy prices — it would also turbocharge the dollar. The combination of expensive barrels and a rampaging greenback could make crude a wrecking ball in 2024 that keeps inflation high enough to destroy growth around the world. The more oil