Christopher Wong, foreign exchange strategist at OCBC in Singapore, said the election of Takayama as prime minister was expected after the Restoration Council agreed to form a coalition government. This should reassure markets and the yen due to the fiscal soundness demonstrated by the LDP-Restoration party alliance. The impact of this event on the dollar/yen may not be similar to what happened after the LDP election, as a coalition government will make Takayama's previous pro-stimulus stance ma...
Gold prices hit another new high as investors bet that the Federal Reserve will continue to cut interest rates, ANZ analysts wrote. Rising trade tensions have increased safe-haven demand for gold, which still has room to rise amid geopolitical, economic and fiscal uncertainty. ANZ analysts predict that gold prices will peak at $4,600 an ounce in mid-2026. (Gold Ten)
The resignation of Shigeru Ishiba has triggered political uncertainty in Japan, and the battle for the leadership of the Liberal Democratic Party is about to begin. Political uncertainty has exacerbated market concerns about Japan's fiscal discipline and the trend of the yen and Japanese bonds. Click to view...
Japan's ruling coalition lost more than half its seats in the upper house and the yen rose as much as 0.7 per cent against the dollar, but then fell back. Nikkei futures were little changed and the cash market was closed for the holiday. Shigeru Ishiba, Japan's prime minister, will now try to govern with some support from the opposition. "Uncertainty is usually good for the yen, at least initially," said Rodrigo Catril, currency strategist at National Australia Bank. "Overall, the election resul...
The golden day skyrocketed and resumed its upward trend. Trump's "change in order" has brought huge uncertainty to the market, and the title of the bull "God of Wealth" cannot be removed?
On-chain data shows that about 13 minutes ago, a whale address withdrew 220,000 Auction worth $2,974,400 from Binance.
According to Whale Alert, about a minute ago, an address on the Ethereum chain holding 20,935,010 USDT was frozen.
According to Lookonchain, a whale has just transferred 20,000 ETH to Bybit cold wallet, worth 53.70 million dollars.
Nasdaq-listed Nano Labs announced that it has entered into a share purchase agreement with certain investors to sell 913,714 shares of the company's Class A common stock in a private placement. The purchase price of each Class A common stock is $6.46, and the total purchase price of the private placement is approximately $5.90 million. In addition, Nano Labs also stated that it has recently increased its holdings of Bitcoin. As of February 21, 2025, it holds a total of approximately 400 Bitcoin,...
The Federal Reserve's Bostic: We still expect two rate cuts this year, but there is a lot of uncertainty.