Headlines:

• Calmer risk tones prevail to start the new week so far
• ECB changes publication time of monetary policy decisions and press conferences
• Central bank speakers in focus this week
• Heads up: OPEC+ meeting later this week
• G7 still working on precise mechanism to implement price cap on Russian oil – US official
• PBOC says monetary policy will remain accommodative to support economic recovery

Markets:

• EUR leads, AUD lags on the day
• European equities higher; S&P 500 futures up 0.4%
• US 10-year yields up 5.5 bps to 3.179%
• Gold up 0.5% to $1,834.32
• WTI crude up 0.4% to $108.00
• Bitcoin up 0.5% to $21,308

It was a quiet session for the most part as we kick start the new week. Markets are settling in with risk tones mostly calmer and leaning slightly more positive. Equities are holding higher alongside bond yields, though there wasn’t much significant action in FX.

The yen was a notable mover though as it climbed down to 134.70 in Asia trading before rising back to 135.45 currently amid the better risk tones. The dollar is trading more mixed with EUR/USD holding just a touch higher at 1.0565, up 0.1% on the day, while GBP/USD initially swung higher from 1.2270 to 1.2330 only to fall to 1.2255 during the session.

The aussie and kiwi are the laggards despite the better risk sentiment with AUD/USD down 0.4% to 0.6920 and NZD/USD down 0.3% to 0.6295, at the lows for the day currently.

As much as there is better risk appetite, it is still tough to bet against the dollar in the big picture as long as the Fed continues to talk up a big game in hiking rates. But at least with money markets seeing the potential for lower terminal rates, stocks are able to find some added relief for the time being.

This article was written by Justin Low at www.forexlive.com.

ForexLive.com brings you technical analysis videos to make sense of where the Russell 2000 seems to be going, and presents possible trade ideas, including entry price, take profit targets and stop losses, for you to consider. Visit this page as more technical analyses are being published!

Trade the Russell 2000 at your own risk.

This article was written by ForexLive at www.forexlive.com.

• Inflation outlook is stable in China
• Real interest rates are pretty low considering inflation

Some token remarks as the Chinese central bank is reaffirming that they will continue to do their job to align with the government’s policies on COVID-19 and the economy in general.

This article was written by Justin Low at www.forexlive.com.

OPEC+ last met earlier this month on 2 June, where they decided to increase output by 648k bpd in July, up from the initial plan of 432k bpd. They are expected to carry that policy stance into August later this week when they meet on 30 June. That is despite the fact that US president Biden will be heading to Riyadh next month – where he is supposedly going to discuss on ‚energy security‘.

Just be wary that the current oil output deal is set to expire in September and even now, they are already struggling to lift output further amid the lack of spare capacity. That is something to take note of when weighing up the tightness in the oil market in general.

This article was written by Justin Low at www.forexlive.com.

A $400 million rug-pull on MonkeyPoxInu. The
honeypots… and the pump-and-dumps.

DeFi problems (to put it bluntly) are becoming larger in scope and more
frequent in nature, as shown in the chart below which you can view on Comparitech:

Throughout all of it, though, most participants in DeFi would probably
agree that there’s been far more talk than action. 

It’s time to stop keeping score
and start making plays.

If you’re old enough to remember the “I’m a Mac / And I’m a PC”
television commercials that ran beginning in 2006, you’ll likely recall the one
that implied that Mac computers didn’t get viruses.

The dirty little secret? Macs were
vulnerable to viruses, but Apple’s share of the personal computer marketplace
was so low in 2006 (just 4.8%) that it wasn’t worth the effort to
exploit them.

Today, we know differently.

And the point is that talk is cheap.

When we first conceived of the idea that led to the Bridges Exchange, we did so with a view
towards helping clean up the “Wild West” nature of DeFi. In fact, Bridges is a
first of its kind (although we hope—not the last): it is the first anti-scam,
dividend-paying, decentralized hybrid exchange-aggregator.

We created the Bridges Exchange because “business as usual” in DeFi has meant
nothing more than the proliferation of tokens—and with them—theft. Like others, we’ve grown tired of
seeing honest investors left penniless and innovative developers whose ideas
are copied at will. For DeFi to realize its full potential, it has to evolve
from being a safe haven for scammers to becoming an ecosystem where every
participant has a legitimate chance for financial freedom and security.

Here’s how we did it:

Public
Listing Criteria: To get
good projects in, we have to keep bad actors out. Bridges has fairly stringent project listing criteria, and
they’re publicly available for all to see.

Thorough
Vetting Procedures: The
time from application to listing can take several weeks which, while long,
is simply a necessary evil. The reputation of Bridges is only as good as
the last project that we approved for listing, and while we can’t
guarantee positive returns or even complete, 100% safety, we do promise
that our vetting procedures are carefully and thoroughly implemented.

Requirement
of Innovation: Safety
means different things for different people. For holders, it means the
avoidance of scams, but if you’re the project developer, it means the
protection of innovative ideas. We require that approved projects bring
some form of innovation to the space, and we reject those that are pure
copycats of others’ ideas.  

Anti-Whale
Caps: To promote overall
stability in the price of Bridge$, the native token of our Exchange,
anti-whale caps prevent any single investor from holding more than 1% of
the total supply, equal to 1 million tokens.

Regardless of whether you’re a holder or a developer, a novice
participant in DeFi or a seasoned veteran, we invite you to join the mission that Bridges represents and to be part
of the action—and not the talk—about cleaning up DeFi.

You can learn more about the work of Bridges at https://bridges.exchange.

This article was written by ForexLive at www.forexlive.com.