September 28, 2022
  • September 28, 2022

Tag Archives

Australian Dollar Outlook: Commodities Dominate AUD

by on March 7, 2022 0
The Australian dollar gained ground last week as turbulence from the Russian invasion of Ukraine rippled through markets. While central banks and underlying fundamentals still have a role to play, the bigger picture could see capital flows dominate the AUD. Trade data released during the week came in better than expected at AUD 12.9... Read More

Are central bank digital currencies the key to unlocking financial inclusion in Africa?

by on March 3, 2022 0
Technology is changing money as we know it. Financial technology or fintech as a form of financial innovation has reshaped the financial services industry, especially in sub-Saharan Africa. More recently, the advent of central bank digital currencies (hereafter CBDCs) presents a transformational opportunity for the global financial industry. New analysis shows that over 90%... Read More

Forex movements reflect various factors

by on February 15, 2022 0
Reuters reported that Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the central bank‘s offer to buy unlimited government bonds reflected his view that the recent rate hike long-term interest of the country was due to factors unrelated to its economy. “We don’t plan to conduct such an operation frequently. We will... Read More

Countries where cryptocurrency is taxed

by on February 11, 2022 0
One of the hottest financial terms that is making headlines and almost everyone’s minds right now is cryptocurrency. No matter what country you live in, you must have come across this term at least once, right? And almost every other day there is news about the governments of various countries taking action for or... Read More

S&P 500 rises after Amazon earnings, jobs report

by on February 4, 2022 0
The S&P 500 and Nasdaq Composite rose on Friday, pushing major stock indexes to weekly gains, after a better-than-expected January jobs report showed the economy continues to grow solidly. The tech-focused Nasdaq Composite jumped 219.19 points, or 1.6%, to end at 14098.01, a day after the index posted its biggest loss since September 2020.... Read More

Libyan Central Bank begins reunification process

by on January 21, 2022 0
The Central Bank of Libya will soon begin to unite the country’s competing financial institutions. The bank’s governor, Saddek Omar Elkaber, announced the “reunification process” yesterday, adding that the institution had hired US consultancy firm Deloitte to help. The result will be a unified central bank in Libya. Elkaber called the news a “national... Read More

German 10-year bond yield is trading in positive territory

by on January 19, 2022 0
Outgoing Finance Minister and new German Minister Chancellor Olaf Scholz delivers a speech during the handover ceremony with his successor at the German Federal Ministry of Finance in Berlin, Germany, December 9, 2021. Tobie Schwarz | Reuters Borrowing costs for the German government continued their ascent on Wednesday, with the benchmark 10-year Bund yield... Read More

The inflation challenge for central banks

by on January 16, 2022 0
idea room There is still considerable uncertainty about the trajectory of the Covid-19 pandemic and its effects on the global economy. Inflation has recently increased around the world and many central banks around the world will raise their key rates to stabilize inflation in 2022, says Dr. Murat Ungor. GDP fluctuations to date during... Read More

Capital is not a strategy

by on January 9, 2022 0
Like the rest of the world, entrepreneurs have lived the past twelve years in an unprecedented financial environment. Responding first to the stubborn slow recovery from the 2008 financial crisis, and then to the recession caused by Covid-19, major central banks have supported a series of unconventional initiatives and asset purchase programs collectively known... Read More

FOREX-Dollar Falls After US Jobs Report

by on January 7, 2022 0
(Add details, update prices; change signature, date; previous LONDON) By Chuck Mikolajczak NEW YORK, Jan. 7 (Reuters) – The US dollar edged down against a basket of major currencies on Friday on the heels of December’s jobs report that fell short of expectations. The dollar index weakened after the Labor Department said non-farm payrolls... Read More

Fed rate view clears outlook for European bank stocks

by on January 6, 2022 0
The headquarters of the European Central Bank (ECB) is seen at sunset in Frankfurt, Germany on January 5, 2022. REUTERS / Kai Pfaffenbach Register now for FREE and unlimited access to Register European bank stocks at their highest for more than three years Bank shares jumped 70% in one year until November 2021... Read More

Bank of England to step up talks on crypto rules

by on December 22, 2021 0
It hasn’t been easy for the Bank of England (BoE) to find the information it needs on institutional cryptocurrency exposure. As a result, the UK central bank has said it plans to step up the pace of global negotiations to establish regulations on the world’s newest assets. Sarah Breeden, director of financial strategy and... Read More

Stocks fall as hawkish central bank tilt upsets markets

by on December 17, 2021 0
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage house in Tokyo, Japan, September 21, 2021. REUTERS / Kim Kyung-Hoon Register now for FREE and unlimited access to Register Stocks slide in all regions, oil prices fall The BoJ takes... Read More

Nasdaq – Central Bank

by on December 15, 2021 0
Nasdaq – Central Bank Nasdaq Market surveillance & Monitoring (SMART) provides central banks with a robust platform to monitor cross-market, inter-asset and multi-site data monitoring and analysis, ensuring that users can maintain regulatory control, analyze economic data and investigate issues. economic developments. Nasdaq’s solutions enable the standardization of data from multiple sources to provide... Read More

Sunset Market Commentary – Forex Stock

by on December 13, 2021 0
Markets 20. This is roughly the number of central banks that will hold their last policy meeting in 2021. The big events this week notably the Fed (Wednesday), the Bank of England and the ECB (both Thursday). Turkey, Norway, Switzerland, Japan, Russia, Hungary and many more along with important economic data (EMU PMI, US... Read More

Central banks are considering their own digital currencies

by on December 1, 2021 0
A battle seems to be brewing in the crypto arena – a battle that pits central banks against the bitcoin (and other cryptocurrencies) of the world. The latest illustration comes from reports that Indonesia’s central bank is considering using central bank digital currencies (CBDCs) as a way to ‘fight’ cryptocurrencies. According to Bloomberg reports,... Read More

Central banks are stuck in a “mirror room”

by on November 20, 2021 0
Pharmaceutical companies have patent portfolios, great power navies have aircraft carriers, and central banks have their “canonical” econometric models. Browned and refined over decades, the canonical models (all quite similar to each other) are proof, especially for central bankers themselves, that their decisions are based on a coherent philosophy. The profession does not want... Read More

What is Forex Trading? | The bank rate

by on November 18, 2021 0
Forex trading, or foreign exchange, involves exchanging one currency for another. There may be functional reasons for engaging in forex trading, such as traveling overseas and needing to exchange dollars for the currency of the country you are traveling to, but there may also be financial reasons. or speculative to trade currencies. Here is... Read More

The Central Bank will launch a CBDC

by on November 17, 2021 0
The President of the Central Reserve Bank of Peru (BCRP), Julio Velarde, announced that they are working on the development of a CBDC in collaboration with other central banks around the world. As the country experiences instability and inflation in goods and services, the central bank is discussing financial models to tackle the looming... Read More

Why currency volatility could make a comeback

by on October 30, 2021 0
October 30, 2021 FOREIGN-EXCHANGE the markets were once a hotbed of lively speculative activity. But today traders looking for an adrenaline rush should look to assets like cryptocurrencies instead. Barring a brief surge at the start of the pandemic – and isolated events in the Turkish lira – currency markets have been silent. Macro-trading... Read More

Central banks – Playing catch-up with inflation

by on October 30, 2021 0
By Natalia Gurushina, Chief Economist, Emerging Markets Bond Strategy, VanEck The poor publication of Polish inflation indicates that it is too early for the central bank to relax. Brazil may have been one of the budget stars of emerging markets this year – can the government resist the temptation to spend more? Some central... Read More

Towards green balance sheets for central banks

by on October 28, 2021 0
In 2020, the Bank of England (BoE) became the first central bank to disclose climate risks associated with its monetary portfolio. In a report, the UKThe central bank has taken stock of its climate-related financial risks in all of its operations, including how it manages them. There is now no doubt among central bankers... Read More

The only way is to go up: business leaders warn about prices

by on October 21, 2021 0
Adds details on CBI, AutoNation, SouthWestern and Unilever investigation Unilever warns prices will continue to rise next year Randstad says labor shortages will persist for years UK manufacturers have been increasing their prices more and more since 1980 October 21 (Reuters) – For central bankers grappling with whether inflationary pressures are transient, industry leaders... Read More

Is the global economy entering a wage-price spiral?

by on October 14, 2021 0
October 16, 2021 TIT RICH world is used to wages and prices rising slowly. In the decade following the global financial crisis, inflation rarely exceeded central bank targets and wages seemed unable to grow much faster. The purchasing power of the average hourly wage in Britain, Italy and Japan was about the same at... Read More

Power shift in the global economy

by on October 11, 2021 0
The COVID-19 pandemic has caused a huge shock to the global economy, just as we are witnessing a major shift in economic management decisions. It’s a change that could leave central banks on the sidelines as we navigate the economic impact of COVID-19, leaving governments firmly in the driver’s seat. The economic shock of... Read More

Does anyone really understand inflation?

by on October 7, 2021 0
October 9, 2021 FOR ECONOMICAL the writing – a genre stylistically closer to computer textbooks than to literature – a discussion paper recently released on the Federal Reserve’s website is a blessed relief. Jeremy Rudd, a Fed researcher, includes quotes from William Butler Yeats and Dashiell Hammett. He uses phrases such as “cranky nonsense”... Read More

New Zealand central bank raises interest rates

by on October 6, 2021 0
WELLINGTON, New Zealand — The New Zealand central bank has raised interest rates to a record high and signaled further increases over the next year as it seeks to control inflation and curb the surge in house prices. By raising its key rate from 0.25% to 0.5%, the Reserve Bank of New Zealand has... Read More

The tough test of emerging markets | Financial Time

by on October 5, 2021 0
This article is an on-site version of the Unhedged newsletter. subscribe here Send the newsletter directly to your inbox on weekdays Hello. A hard day this Monday. Soaring energy prices seem to have caused one of our regular stagflation crises. Long-term growing “Faang” stocks were hit harder than the broader market, small-cap stocks fell... Read More

FX: Will risk appetite eclipse rate decisions and data?

by on October 4, 2021 0
Investors have started this busy trading week with concerns about how central bank policy will change in a broader recovery. They have fallen by more than 300 points and while these declines are often due to signs of economic weakness, potential policy changes in response to recoveries can also weigh on market sentiment. The... Read More

Business This Week | The Economist

by on October 1, 2021 0
October 2, 2021 Listen to this story Your browser does not support the item . Enjoy more audio and podcasts on ios Where Android. Janet Yellen, Secretary of the United States Treasury, has given her strongest warning yet on the potential consequences of not raising the federal rate debt limit, saying it would be... Read More

Celo introduces Provo, a sandbox for central banks to explore digital currencies

by on September 30, 2021 0
Celo, the first mobile blockchain focused on emerging markets, announced the launch of Provo, a value-added sandbox for public and official sector experimentation on the Celo blockchain. Through Provo, central banks can explore and experience central bank digital currencies and other digital assets. According to Celo, the Provo service will allow central banks to... Read More

U.S. government shutdown negotiations at a glance

by on September 30, 2021 0
Market players today We expect the US Congress to pass a short-term funding bill before the deadline of midnight U.S. Time, which would avoid a government shutdown on Friday. On economic data, we will have both German inflation and unemployment figures for September. Weekly jobless claims are released for the United States and the... Read More

FOREX-Dollar at 2021 Highs Even as US Government Shutdown Looms

by on September 29, 2021 0
* Chart: Global exchange rates (Price updates) By Iain Withers LONDON, Sept. 29 (Reuters) – The dollar soared on Wednesday and peaked in 2021 against rival currencies, even as disputes in Washington over the US debt ceiling threatened to plunge the government into shutdown. The greenback – the global reserve currency seen as... Read More

Central Bank’s Digital Currencies Could Lower Costs of Cross-Border Payments and Speed ​​Transactions to Seconds, BIS Says | Currency News | Financial and business news

by on September 28, 2021 0
Banknotes around the world. Thomson reuters Digital fiat currencies could reduce costs and time associated with cross-border payments, the Bank for International Settlements said. The BIS presented the results of testing a prototype digital currency platform as part of the mCBDC Bridge project. The prototype showed that payment transactions could be completed in seconds... Read More

Latin America Inflation Threat Sparks More Hikes: Green Week

by on September 25, 2021 0
(Bloomberg) – Latin America’s fight against soaring consumer prices is expected to shift to a new front this week, with Colombia set to become the region’s fifth-largest economy under a targeting regime. inflation aimed at tightening monetary policy. Bloomberg’s Most Read Bogota’s central bank is almost certain to join its peers on Thursday and... Read More

Wall Street posts weekly gains as bond yields rise

by on September 24, 2021 0
Newsletter: Not covered The most important market trends and how the best minds on Wall Street are responding to them. Delivered every day of the week. Stocks on Wall Street faltered on Friday and public debt was liquidated as investors closely watched the ongoing Evergrande crisis and digest hawkish signals from several major central... Read More

Ripple partners with central bank of Bhutan to pilot CBDC

by on September 23, 2021 0
The Royal Monetary Authority (RMA) – the central bank of Bhutan – has partnered with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to increase the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan shake hands Enterprise blockchain provider Ripple has announced... Read More

Central banks look to two-tier retail CBDC model amid disruption fears

by on September 23, 2021 0
Source: AdobeStock / pedrosala According to a recent report by an international risk assessment firm Moody’s. “Based on the existing and proposed pilot programs, the development of the CBDC is done in conjunction with the existing financial market infrastructure, the two-tier model,” the report said, adding: “Under this approach, banks and other financial intermediaries... Read More

Reclaiming central banks by Ann Pettifor

by on September 21, 2021 0
By serving private capital markets rather than citizens and taxpayers, central banks are a major obstacle to meaningful climate action. Half a century after US President Richard Nixon and his advisers reshaped the international monetary system, now we must transform it again. LONDON – Fifty years ago, a US president closed the gold window,... Read More

Should central banks take climate change into account when formulating monetary policy? Here’s what Kenneth Rogoff has to say

by on September 18, 2021 0
“Central banks must think about preserving financial stability, stability of inflation, they are not responsible for imposing a carbon tax,” said Kenneth Rogoff, professor of economics at Harvard University. An unusual question has been raised in the central bank’s public debates by an unusual person. Urjit Patel, former Governor of the Reserve Bank of... Read More

Crypto assets are absolutely not currencies, says European Central Bank President Christine Lagarde

by on September 17, 2021 0
European Central Bank (ECB) President Christine Lagarde draws a hard line between crypto assets and traditional currencies. In a new interview on David Rubenstein’s show, Lagarde explains why she thinks the word “cryptocurrency” is a misnomer. “Cryptos are not currencies – period. Cryptos are highly speculative assets that claim their fame as a currency,... Read More