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Monthly Archives: June, 2023

Weekly mortgage demand flat, interest rates drop for the third straight week

The average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week, but demand for mortgages didn't move much.Total...

FOREX-Dollar firm ahead of Powell testimony, sterling falls after UK inflation data

* Dollar drifts higher * Traders await Powell testimony By Tom Westbrook and Farouq Suleiman SINGAPORE/LONDON, June 21 (Reuters) - The dollar was firmer...

Euro Cautiously Higher As Mr Powell Heads to Capitol Hill

EUR/USD News and AnalysisEUR/USD edges up with Congressional testimony in focusThe Fed has paused its rate hike cycle, the European Central Bank hasn’tEUR/USD has...

U.S. Senator Chuck Schumer calls for ‘comprehensive’ AI legislation

The United States majority Senate leader Chuck Schumer plans to call for “comprehensive legislation” regarding safety measures for artificial intelligence (AI). Schumer has remarks planned...

Is Brexit behind the UK's inflation shock?

Some claim leaving the EU may be to blame for the UK's stubbornly high inflation, but it's a complex picture. www.bbc.co.uk

Hedgehog Robo-Adviser for Crypto Investments Launches as Android, iOS App

However, while investors in an index fund own shares in the fund, Hedgehog users own the assets in their stacks directly. Their funds will...

ADA Token Options Roll Out on Crypto Derivatives Exchange BIT

The offering, launched in collaboration with strategic partner Darley Technologies and market maker DWF Labs, expands BIT's existing suite of options, which include those...

PMQs: Keir Starmer blames Tories for 'mortgage catastrophe'

The Labour leader says "13 years of economic failure" have "put mortgages through the roof". www.bbc.co.uk

Representative Lisa Blunt Rochester Enters Delaware Senate Race

Representative Lisa Blunt Rochester, a Democrat, announced her campaign on Wednesday for the Delaware Senate seat being vacated by Senator Thomas R. Carper, beginning...

PBoC Cuts Rates, Leaving Yuan Vulnerable

Chinese Yuan (CNH) News and AnalysisUS-China relations take a step backwards and markets rue lack of stimulusUSD/CNH rises back to near overbought territory despite...

PBoC Cuts Rates, Leaving Yuan Vulnerable

Chinese Yuan (CNH) News and AnalysisUS-China relations take a step backwards and markets rue lack of stimulusUSD/CNH rises back to near overbought territory despite...

Tether Issues USDT on Kava Blockchain; KAVA Token Climbs 5%

Tether is looking to improve the stablecoin's liquidity across multiple blockchains. www.coindesk.com

Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

The government of China had been trying hard to make people believe that Bitcoin (BTC) would become worthless, but its predictions to date have...

China’s forex market transacts 21.58 trln yuan in May-Xinhua

BEIJING, June 21 (Xinhua) -- China's foreign exchange (forex) market recorded transactions worth 21.58 trillion yuan, equivalent to 3.09 trillion U.S....

Indices stay under pressure as UK inflation remains sticky

Article written by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, and S&P 500 Analysis, Prices, and Charts​​​FTSE 100 drops on higher-then-expected CPI​The...

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