Bitcoin Price to Climb Beyond $1,300 With Expected US Fed Rates Increase
On March 3, Federal Reserve Chair Janet Yellen announced at the Executives’ Club of Chicago that the Fed is likely to increase interest rates later this month. As a result, Bitcoin price is also likely to increase, as the value of reserve currencies including the Japanese yen and Chinese yuan falls. When the Fed increases its rates, the value of the US dollar naturally increases. Even with a speculation or a forecast from the Federal Reserve, the value of the yen, yuan and the Korean won would fluctuate. Yellen announced: “We currently judge that it will be appropriate to gradually....
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Bitcoin perpetual traders seem to be the only ones unmoved by the digital asset’s recent breakout. BTC which has had a tremendous rally during the first half of the week had been able to break out of the slump of the low $40,000s and moved on an upward trajectory above $47,500. However, perp traders have not reacted much to it given the state of the funding rates. Funding Rates Remain Flat The bitcoin perpetual traders are not reacting to the recent upside as expected. This is evidenced in the fact that the perp basis is still sitting at or even below neutral funding rates, marking the....
With another Fed funds rate announcement due, today, 28 October, market uncertainty in anticipation of a rates hike "lift-off" is rising. Today's GEO looks at the implications of a rates increase for the US dollar and the dynamics the Fed's indecision to commit to a "lift-off" date. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 26 October. New Zealand Trade Balance (actual:-1222M expected:-822M previous:-1079M). Tue 27 October. UK Prelim GDP....
The spectre of a rates increase keeps being dangled in front of markets. The tension has become too much for many investors and on Monday Asia began another wave of shares selling. The commodities rout extends to producers. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 28 September. US FOMC Member Dudley Speaks. US Pending Home Sales m/m (actual:-1.4% expected:0.4% previous:0.5%). Tue 29 September. US CB Consumer Confidence (expected:96.2 previous:....
This week's economic calendar is dominated by the Federal Open Market Committee Statement on Wednesday. Markets are on tenterhooks following better than expected US Unemployment Claims data last Thursday and their implication for an imminent Fed rates increase. Commodities continue their decline since last week and equities are now beginning to teeter on the edge. Stakes are raised in the deflationary end game of decades of credit expansion. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates.....
Gold, the US dollar and euro all printed significant price extremes during this week as investors and speculators position in anticipation of the Fed rates announcement on December 16. We take a look some of the most interesting price charts. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Monday November 30. Japan BOJ Gov Kuroda Speaks. Japan Housing Starts y/y (actual: -2.5% expected: 2.5% previous: 2.6%). Europe German Retail Sales m/m (actual: -0.4%....