Interbank market scan: Ether makes headway ahead of Bitcoin …

Photo by David McBee on Pexels.com

Follow the links …

Ethereum blockchain developers approved one of the biggest changes to the network since its inception in 2015, a shift that could spur even bigger gains in the price of its native cryptocurrency Ether. Crypto Coin Outperforming Bitcoin Is About to See Supply Reduced – Bloomberg

With expectations for inflation and growth taking flight, traders are signaling that they anticipate the Fed may have to respond more quickly than it’s indicated. Eurodollar futures now reflect a quarter-point hike in the first quarter of 2023, but they’re starting to suggest that it could come in late 2022. Fed officials have projected they’d keep rates near zero until at least the end of 2023. Bond Traders Go All-In on U.S. Treasury Market’s Big Short Bet – Bloomberg

Central banks helped save the world economy from depression as the pandemic struck. Now they are dealing with the hard part: managing the recovery amid a difference of opinion with investors. Central Banks Face Jumpy Bond Market With 10 Days of Decisions (yahoo.com)

Earlier, there was an impression that it was due to pent-up and festival demand. But now, it is genuine demand that is visible. The vaccination drive is giving greater confidence to consumers, so the demand is expected to sustain. The only downside risk is the recent spike in the number of Covid cases in certain parts of the country. Central banks in no rush to raise rates, will back growth: Shaktikanta Das (msn.com)

But I think we have to scratch a little bit below the surface, and what you will find is that despite the good news, which is predominantly in the US and in China, this is still a very incomplete recovery globally. What you see is yes, the US and China will have complete recoveries, but the global economy despite this improved outlook is still going to be about 4 percentage points below the pre-pandemic path, which is great. Now that fiscal policy has come to forefront, central banks need to step back a little: Sajjid Z Chinoy (msn.com)

What is the DYX Index? What Is The DXY Index? (yahoo.com)

7 March 2021

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: