Tag: Weekly Newsletter

FX Market View #12

Reading Time: 2 minutes This post was originally published on jpfs.com Dollar is unlikely to consolidation higher in near term The FED is continuing its path of buying US treasuries even as the economy is expanding, and the vaccine rollout is helping to open businesses. Last month’s disappointing jobs numbers diminishes any likelihood of […]

FX Market View #13

Reading Time: 2 minutes This post was originally published on jpfs.com Dollar range narrows with Month-end corrections As we approach month-end, investor interest in the Dollar accumulated resulting in the greenback shoring up against the majors. It is not clear however if this Dollar strengthening can be seen as a shift in the near-term […]

FX Market View #14

Reading Time: 2 minutes This post was originally published on jpfs.com A Healthy US Jobs Market is unable to lift the Dollar The US jobs report in May released numbers of a somewhat healthy half a million new employment contracts, however this disappointed against the much higher expected figure. The let down in May […]

FX Market View #15

Reading Time: 2 minutes This post was originally published on jpfs.com Dollar holds onto current levels despite the drop in US yields The US 10-year yield has continued its pattern of trending lower during the past 3 months, and the fall during last week’s trading session was the largest in the past year. This […]

FX Market View #16

Reading Time: 2 minutes This post was originally published on jpfs.com Hawkish FED projections send the Dollar higher The US Dollar rallied following statements from the FED that were more hawkish than previously expected. Lifted higher by the a rise in US interest rates, the Dollar rally was coincided with a sell-off in equities […]

FX Market View #21

Reading Time: 2 minutes This post was originally published on jpfs.com Only equity markets trade higher as risk appetite falls As the Delta variant of the corona virus subdued several major economies around the globe, the Dollar strengthened last week. In countries such as Japan and Australia as well as parts of the Eurozone, […]

FX Market View #20

Reading Time: 2 minutes This post was originally published on jpfs.com Dollar rally’s on inflation and retail sales data The Dollar rally’s against all major currencies last week apart for the Yen, to break the resistance it faced earlier in the month. A contributing factor towards the slight rally in Yen is put down […]

FX Market View #19

Reading Time: 2 minutes This post was originally published on jpfs.com Dollar resists short term sell-off and trades higher In the past week the Dollar faced resistance to its near-term trend of strengthening against the currency majors. Despite the fact that the jobs report released in the beginning of the month showed robust numbers, […]

Digital Asset Insights #22

Reading Time: 12 minutes This post was originally published on jpfs.com MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC CEO Michael Saylor of the business analytics firm MicroStrategy said in a tweet in the beginning of last week that his company has acquired 13,005 more Bitcoin (BTC). The firm now holds over 105,000 Bitcoin in […]

Digital Asset Insights #14

Reading Time: 7 minutes This post was originally published on jpfs.com Mastercard to pair with Central bank digital currencies? Last week marked the end of April and ushered in the new month. The digital asset space for the week seemed to be centered around the price of bitcoin and the interest of several financial […]

Digital Asset Insights #15

Reading Time: 7 minutes This post was originally published on jpfs.com Marathon OFAC Pool Attracts Criticism The new week ushered in a variety of events. One major event is mining a fully regulation-compliant mining pool by Marathon Digital Holdings (MARA). The new mining pool was successfully mining a bitcoin block that is “fully compliant […]

Digital Asset Insights #16

Reading Time: 7 minutes This post was originally published on jpfs.com Digivault Gains FCA Approval This week in the digital currency community, a lot of developments are coming to light. There are new developments in anti-money laundering regulations in the U.K. as Digivault, a custodial arm of Diginex won regulatory approval from the Financial […]

Digital Asset Insights #17

Reading Time: 10 minutes This post was originally published on jpfs.com CHINA SECURITIES JOURNAL SOUNDS ALARM ON CRYPTOCURRENCY FINANCIAL RISKS On Sunday, May 16th, as per an opinion piece in the China Securities Journal (CS), a broader consensus on strengthening supervision of Bitcoin and crypto transactions is currently being undertaken. This comes through several commissions – The China […]

Digital Asset Insights #18

Reading Time: 9 minutes This post was originally published on jpfs.com Goldman Sachs finally considers Crypto as an asset class – a year after having stated just the opposite The powerful American investment bank, Goldman Sachs, has just now recognized that cryptocurrencies are an emerging new asset class—despite stating otherwise just a year ago. […]

Digital Asset Insights #19

Reading Time: 10 minutes This post was originally published on jpfs.com Reserve bank of India slams banks after they stop services for crypto users The Reserve Bank of India, the country’s central bank, released a new directive early last week after local banks ceased crypto services for users citing a directive from 2018, an official […]

Digital Asset Insights #20

Reading Time: 9 minutes This post was originally published on jpfs.com El Salvador set to become first country to adopt bitcoin as legal tender “Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” said El Salvador’s President, Nayib Bukele, while speaking during a video broadcast at the […]

Digital Asset Insights #21

Reading Time: 10 minutes This post was originally published on jpfs.com Tanzania’s president is now calling for Bitcoin and crypto adoption As per local newspaper The Citizen, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, in what appears to be the latest move by a sovereign country […]