Growing leverage and declining volatility in cryptocurrency markets are creating a situation where explosive volatility is quite possible in the short to medium term, according to Wetle Lunde, an analyst at Arcane Research.
Gold prices rose on Friday as the dollar and Treasury bond yields fell, with the prospect of a sharper U.S. Federal Reserve rate hike keeping gold on a downward trend for the week.
Japan continues to mention undesirable moves on the traders’ part leading to the yen intervention. These actions contribute to speculative movement of the national currency.
According to Bank of America (BofA), since the launch of the mobile banking application in 2018, 32 million customers have used a virtual assistant, which allows checking payments and account balances, as well as tracking their expenses, more than 1 billion times.
The Federal Reserve Bank will hold another significant interest rate hike in early November, so that the 4,75%-5% mark will already be set for next year due to the persistently high inflation rate.
The price for oil fluctuates as reduced energy consumption is possible due to the upcoming global recession and further monetary tightening.
According to a new internal model that could play a key role in further discussions, European Central Bank officials believe that rates need to be raised at a lower rate than what markets currently expect in order to contain inflation.
At the moment, the U.S. Federal Reserve is engaged in a thorough review of what bank capital should be. Thus, it’s absolutely clear that the introduction of stricter rules for certain categories of banks is inevitable.
As it was said in a statement made on Thursday by Caterpillar, the board of directors decided to abandon its policy that forces Jim Umpleby, the company’s current CEO and Chairman, to leave his post and resign upon reaching the age of 65.
Amazon Web Services (AWS) and the BMW Group have declared a strategic partnership to develop customized cloud-based software, which can make the distribution and data management of millions of connected vehicles easier.
