Gold price bounces off a multi-week low, though the uptick lacks bullish conviction. Bets for a 25 bps Fed rate cut in November underpin the USD and cap the XAU/USD. Investors now look to the release of the US CPI report for a fresh directional impetus. Gold price (XAU/USD) attracts some buyers on Thursday and…
Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche to Boost Financial Services in Latin America Littio, known for its mobile banking services, is using Opentrade’s…
Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies for trade. Ryabkov highlighted ongoing efforts to strengthen the bloc’s economic independence, with authorities actively…
Macro economic analyst Raoul Pal just issued a dire warning to investors who are sitting on the sidelines. In a new YouTube video, the founder of Real Vision and Global Macro Investor says he believes fears of recession and rising inflation are way off the mark. Pal says governments are beginning to inject liquidity at…
Newsquawk.com Highlights include US CPI, RBNZ, Minutes from FOMC, ECB and RBA, Canada jobs, and UK GDP Newsquawk Week Ahead Highlights for October 7-11 MON: Mainland China market holiday TUE: RBA Minutes, EIA STEO WED: RBNZ Announcement, RBI Announcement, Bank of Israel Announcement, German Trade Balance (Aug), FOMC Minutes THU: ECB Minutes, Norwegian CPI…
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail investors are viewing gold and bitcoin as safe havens amid global economic uncertainty, with future trends depending…
Bitcoin is back to red at press time, looking at the performance in the daily chart. After the close of the unexpectedly bullish September bar, the coin started on a weaker footing in October, dropping nearly 5% from the $65,000 and $66,000 resistance zone. Will Bitcoin Follow Global M2 Money Supply Growth To $90,000? Despite…
What Happened to the Yen, And What’s Next? XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Inflation In France Takes a Sudden Plunge in September Home Economy Inflation In France Takes a Sudden Plunge in September Source link
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction…