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Gold price pulls back from the vicinity of the monthly peak retested earlier this Tuesday. Bulls opt to lighten their bets amid a positive risk tone and ahead of the US inflation data. Geopolitical risks and bets for a 50-bps rate cut by the Fed should help limit the downside. Gold price (XAU/USD) attracts some sellers following an Asian session uptick back closer to the monthly peak and erodes a part of the previous day's strong gains of more...

It looks like G10 policy rates (ex-Japan) are going lower, ING’s FX analysts Francesco Pesole and Chris Turner note. EUR/CHF may struggle to stay above 0.95 “We are looking for at least another 125bp of ECB easing into next summer, if not 175bp. Switzerland is closer to the zero-bound constraint, however, and markets are reluctant to price the Swiss National Bank policy rate below 0.50% - just 75bp lower from current levels. Spread compression...

Overview: The capital markets have begun the week in subdued fashion. Japanese markets were closed for the Mountain Day celebration, and this week's key events, which include US and UK CPI, and the Reserve Bank of New Zealand meeting and potentially its first rate cut. The uncertainty about the market positioning and the extent of the carry-trade may also be dampening activity. The yen and Swiss franc are the weakest of the G10 currencies today, off around 0.4%. The...

In the popular book “The Trading Game,” British author Gary Stevenson recounts his journey as a trader at a major U.S. bank in London. He has made lofty claims about his trading career and used it as a springboard for his successful YouTube channel, “Garys Economics.”A tailwind to his popularity is that he holds many fashionable views — for example, that money “is a token,” that printing money is akin to creating wealth, and that capitalism is the problem. He holds...

Am Sonntagnachmittag knickt der <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a>-Kurs ein. Um 17:11 sank <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a> um -1,17 Prozent auf 60'162,38 US-Dollar und damit unter den Stand vom Vortag (60'873,68 US-Dollar).<!-- sh_cad_1 -->Währenddessen zeigt sich <a... [embedded content]...

The 2024 Republican National Convention will be remembered for the raw emotions evoked by an attempted assassination the preceding weekend of its presidential nominee Donald Trump and for the now mostly Trumpified Republicans posing as the populist champions of American workers against the elitist Democrats.This convention, however, should be remembered for another reason too. It marks the entrenchment of an organized “national conservative” movement within the party...

There is a widespread perception that capitalism is a system designed to encourage greed, envy, selfishness, and other moral failings to flourish. Popular writing on capitalism, notably Ayn Rand’s “The Fountainhead” and “Atlas Shrugged,” recognizes the importance of addressing the moral case for capitalism. No economic system, no matter how efficient and productive, can flourish if it is widely regarded as the root of all evil. Given that the science of economics is...

• Ex-MicroStrategy-CEO Michael Saylor erhöht seine Bitcoin-Prognose auf 13 Millionen US-Dollar<br> • Bestenfalls könnte die Kryptowährung sogar auf fast 50 Millionen US-Dollar klettern<br> • Aufruf zu aggressiven Bitcoin-Käufen <!-- sh_cad_1 --> Michael Saylor, der Mitbegründer und ehemalige CEO des Software-Unternehmens <a... [embedded content]...

There is no need to debate whether it was tightening by the Bank of Japan or the fourth consecutive rise in the US unemployment rate that spurred the dramatic market reaction at the start of last week. It seems reasonable that both played a role. And the dramatic unwinding of short yen positions, which appeared to help fuel a recovery of the Swiss franc, Chinese yuan began before the Bank of Japan meeting and the US employment report. Moreover, on the eve of the...

Um 12:25 ist <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a> 60'805,82 US-Dollar wert. Damit liegt der Kurs am Mittag -0,11 Prozent niedriger als am Vortag (60'873,04 US-Dollar).Indes steigt der <a href="/devisen/bitcoin-cash-dollar-kurs">Bitcoin Cash</a>-Kurs. Für <a href="/devisen/bitcoin-cash-dollar-kurs">Bitcoin Cash</a> geht es nach... [embedded content]...