Author: Admin
Tokenised gold has moved from a niche crypto product to an increasingly popular way to hold gold exposure, with PAX Gold (PAXG) and Tether Gold (XAUT) now among the most widely held gold-backed tokens on the market. BullionStar now accepts both directly as payment for physical gold, silver and platinum — a straightforward way to put holdings you already own on-chain toward metal in hand or in vault storage in Singapore. For token holders, this closes a gap that’s traditionally been awkward. Converting PAXG or XAUT into physical metal has usually meant a manual redemption process with the issuer, a…
Japan’s New Forex Intervention Strategy Japan’s New Forex Intervention Strategy For years, traders looking at the Japanese yen followed a familiar script. As USDJPY climbed, officials from Japan’s Ministry of Finance (MOF) or the Bank of Japan (BOJ) would begin issuing increasingly stern warnings. Phrases such as “watching the market closely” or “concerned about excessive currency moves” became signals that intervention might be approaching. Eventually, the market became conditioned to these warnings. Speculators often viewed them as little more than jawboning, giving traders plenty of time to reduce positions before any official action occurred. That strategy appears to…
“I realize that probate can be lengthy, public and expensive.”
The week in one sentence: EUR and JPY selling pushed positioning toward fresh bearish extremes, WTI improved through short covering despite a sharp price decline, and VIX shorts retreated as volatility moved higher.FX: Bearish extremes deepenThe Euro (EUR) delivered the week’s clearest bearish signal. Speculators cut net positioning by 31,109 contracts, the sharpest decline since June, extending the selloff into a second week. The net short reached 72,447 contracts and is now below the 1st historical percentile. In addition, EUR/USD fell modestly, so the price continued to confirm the flow rather than resist an increasingly extreme position.The Japanese Yen (JPY)…
“Her husband passed away 10 years ago. They had been married for more than 20 years.”
SUN: OPEC JMMC Meeting MON: Chinese RatingDog Manufacturing PMI (Jul), EZ/UK/US Final Manufacturing PMI (Jul), US ISM Manufacturing PMI (Jul) TUE: South Korean Inflation (Jul), US JOLTS Job Openings, US Factory Orders WED: US Treasury Refunding Announcement, RBI Announcement, BCB Announcement, Japanese Average Cash Earnings (Jun), Chinese RatingDog Services and Composite PMIs, EZ/UK/US Final Services and Composite PMIs (Jul), US ISM Manufacturing PMI (Jul) THU: Banxico Announcement FRI: Chinese Trade Data (Jul), German Industrial Production and Trade Balance (Jul), Canadian Jobs Report (Jul), US Jobs Report (Jul) WEEK AHEAD OPEC JMMC MEETING (SUN): The alliance is widely expected to endorse…
“Part of me jokes that paying for a death certificate would be like buying a lottery ticket.”
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran’s energy infrastructure, said multiple sources.The duration would be over the weekend ahead of next week’s Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are coordinating with the United States.” The US “president has yet to give the final go orders for the strikes, the sources said.”Meanwhile, an Israeli official told CBS News, “Israel is unaware of a decision to restart full military operations, nor has been requested of Israel to…
Broadly speaking, burgers are cheaper in Asia, where the U.S. president has accused several countries of currency manipulation.
The British Pound (GBP) faces roadblocks in extending the early recovery against the Japanese Yen (JPY) above 216.33 during the European trading session on Friday. The cross rebounded strongly at THE open as profit-booking hit in the Japanese Yen (JPY), following a juggernaut decline the previous day.The pair dived almost 1.7% on Thursday after Japan’s Ministry of Finance (MoF) intervened to support the domestic currency.The cross struggles to extend the upside after a strong opening as the JPY regains ground, following the release of the stronger-than-expected Tokyo Consumer Price Index (CPI) data for July and the Bank of Japan (BoJ)…