Bitcoin’s new blood

Hong Kong funds are stepping up advertising campaigns for spot Bitcoin ETFs, attracting the attention of Chinese investors. Bloomberg Intelligence predicts possible capital inflows through the creation and redemption of these ETFs. Hong Kong’s Securities and Futures Commission (SFC) is expected to approve the funds in the second quarter. Harvest Global and Venture Smart Financial…

Nonfarm payrolls

At the beginning of this year, the US economy has been strengthening. This is confirmed by the growth of the dollar and shares on the stock market. But the Fed is concerned about rapid growth, which could accelerate inflation. The high price of loans reduces consumer demand, but rates remain at their maximum. The effect…

This rocket will launch soon

Forecasts for 2024 from industry analysts, including The Silver Institute, point to the prospect of a fourth consecutive annual silver shortage, as well as a second record level of demand. As GOLDSEEK notes, silver could rise in price to $35–50 per ounce this year. This is also evidenced by the sentiments of market participants, which…

Signal about the fall of the dollar

Eight months after raising interest rates to the highest in two decades, Federal Reserve Chairman Jerome Powell and his colleagues are nearing the end of their fight against inflation. In testimony before Congress last week, Powell stressed that the central bank needed “a little more evidence” that inflation was moving toward its 2% target before…

Euro – back to parity?

The impending decline in interest rates in Europe has made the euro a prime candidate for financing carry trades. This increases pressure on the euro. Let’s look at what this earning scheme is briefly. Carry trade is a strategy for making a profit in the foreign exchange market due to different interest rates. In reality,…

Coming chaos in the economic world

The world’s largest investment firm BlackRock has warned of further deterioration in the geopolitical situation in financial markets in 2024, adding that asset markets are not fully aware of the risks. “We expect greater fragmentation, increased competition and less cooperation among major economies in 2024,” BlackRock said in a note to clients. “However, as stocks…