Equities: After the Black Monday type price action, equities are staging a modest turnaround Tuesday, however, markets are likely to be tentative with the Fed just around the corner. Get your market update from JMcQueenFX here:
: After the Black Monday type price action, equities are staging a modest turnaround Tuesday, however, markets are likely to be tentative with the Fed just around the corner. What’s more, markets are near fully priced in for a 75bps Fed rate hike this week, which had been sparked by WSJ reports late in the US session, in which the Fed Watcher stated that
“a string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase” . In turn, several banks, including Goldman Sachs & JPM now see a 75bps rate hike this week. That being said, what was perhaps the most interesting market reaction had been equities, which initially rose on the back of the report. Perhaps a preview to how equities would react in such a scenario.
"Before it gets to 50%, we could contribute more bitcoin to the collateral package, so it never gets there, so we don't ever get into a situation of a margin call."Source: RefinitivSince the ECB meeting, the Bund/BTP spread has widened by 30bps to near 250bps following the lack of clarity by the ECB with regard to new tools to avoid bond fragmentation. In turn, with ECB’s Schanbel due to speak at 1820BST on bond market fragmentation, this will be key.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biggest Movers: DOGE, SOL Hit 1-Year Lows as Cryptos Crash – Market Updates Bitcoin NewsDOGE and SOL were some notable movers on Monday, falling to 1-year lows, as crypto markets were once again hit by a red wave.
Read more »
Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip' – Bitcoin News'Bitcoin looks poised to crash to $20K and Ethereum to $1K … Don't buy this dip. You'll lose a lot more money,' said Schiff. crypto cryptocurrency
Read more »
NFT trading volume surges amid market and floor price crashThe OpenSea marketplace has been the biggest beneficiary of the increased NFT trading volume over the past 24 hours, with the platform posting a 173% gain in trading volume for a total of almost $24 million worth of sales.
Read more »
JPMorgan Readies Trillion Dollar Crypto Bazooka As Celsius Crisis Fuels Huge Bitcoin And Ethereum Price Crash—CryptoCodexThe following is an excerpt from the daily CryptoCodex email newsletter. Sign up now for free here...
Read more »
Bitcoin Eyes $8,000 ‘Max Pain’ Price Level As 3-Day Chart Hints At March 2020 Crash RepeatBitcoin (BTC) is wallowing in the pangs of rapidly declining prices that have taken it to previously unseen levels for over a year.
Read more »