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Bankruptcy, Loss & trust in Digital assets!
Cryptocurrency-focused lender Silvergate Capital reported a $1 billion loss in its Q4 2022 earnings as investors raced to withdraw deposits after crypto exchange FTX`s bankruptcy. The Company is currently re-evaluating its businesses and strategies i...
USD/RUB back above 75!
While Ruble was the best-preformed currency in 2022, and even after December's weakness, it started January stronger, with USDRUB testing 72 on January 13. Still, later things could have gone better for it. Lately, the United States and the UK a...
Oil and expectations | March 2
The Oil price still wanders between different data and economic outlooks. While the prospect of more demand from China helps the bulls, concerns over a possible recession hold them back from moving further. Last week's Russian threat to cut 500K bpd...
Gold and return after touching the 2023 low!
In line with encouraging economic data, last week's published Fed Minutes of its February meeting also was more hawkish than expected. Together, these data helped the US dollar and treasury yields rise and pressure the gold prices. According to the p...
German bond yields at a 12-year high.
After the US bond yields rose today, German Bund Yields also raised to 2.58% and now trading at a 12-year high. Since market participants know the German 10-year bond as the risk-free reference asset for the Eurozone, this can be read as a long-term...