Home insurance technology company Kin is going public through a reverse merger with a SPAC, the company announced Monday.
Archiv für den Monat: Juli 2021
Dow drops 650 points on fears of a Covid rebound, airlines are among the biggest losers
U.S. stocks dropped aggressively on Monday amid concerns about a flare-up in Covid cases slowing economic growth.
EUR Q3 Fundamental Forecast: ECB Review May Lead to Euro Weakness
As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back.
Bitcoin survives the weekend but the pressure is still on
Bitcoin stays in a precarious spot to start the new week
Essentially, nothing has changed for Bitcoin since my last post .
here
It is down 1.5% on the day, keeping below $32,000 but added downside pressure is still hard to come by as the $30,000 level still holds for the time being.
Essentially, nothing has changed for Bitcoin since my last post .
here
It is down 1.5% on the day, keeping below $32,000 but added downside pressure is still hard to come by as the $30,000 level still holds for the time being.
USD/CAD touches 1.2800 for the first time since February as upside break gathers pace
USD/CAD hits 1.2800 for the first time since 5 February
The march higher in USD/CAD continues as buyers extend the upside break after (blue line) earlier in the day.
The march higher in USD/CAD continues as buyers extend the upside break after (blue line) earlier in the day.
BOE’s Haskel: Tight policy isn’t the right policy for now
Remarks by BOE policymaker, Jonathan Haskel
– That is the case for the foreseeable future
– Immense support might have helped economy avoid deep scarring
– Risk of preemptive monetary tightening continues to outweigh the risk of temporary period of above-target inflation
The last line pretty much tells us where he stands and that somewhat contrasts with the remarks
– That is the case for the foreseeable future
– Immense support might have helped economy avoid deep scarring
– Risk of preemptive monetary tightening continues to outweigh the risk of temporary period of above-target inflation
The last line pretty much tells us where he stands and that somewhat contrasts with the remarks
Treasury yields come under pressure in European trading
10-year Treasury yields fall by close to 5 bps to 1.25%
The brief retreat early last week proved to be nothing more than what the name suggests as the series of lower highs and lower lows continues for Treasury yields.
The brief retreat early last week proved to be nothing more than what the name suggests as the series of lower highs and lower lows continues for Treasury yields.
Eurozone May construction output +0.9% vs -2.2% m/m prior
Latest data released by Eurostat – 19 July 2021
Overall, this reaffirms a gradual improvement in the construction sector though the road is still bumpy with supply chain disruptions a key risk to watch.
Overall, this reaffirms a gradual improvement in the construction sector though the road is still bumpy with supply chain disruptions a key risk to watch.