Japanese authorities intervened aggressively in the foreign exchange market during July, spending a substantial 5.53 trillion yen ($36.8 billion) to support the yen. This intervention, confirmed by the Ministry of Finance, followed the yen’s sharp …
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Michigan State Pension Fund Invests $6.6 Million in Bitcoin ETF
The State of Michigan Retirement System (MSRS), which manages a significant portion of pension fund assets for state employees, has made a $6.6 million investment in the ARK 21Shares Bitcoin ETF (ARKB.Z), according to a …
Continue readingGlobal Cyber Outage Grounds Flights, Disrupts Banks and Markets
A global cyber outage on July 19th caused widespread disruptions across airlines, banks, and financial markets. The culprit appears to be a faulty software update from CrowdStrike, a global cybersecurity firm. The update affected computers …
Continue readingYen Surges to Four-Week High Amidst Intervention Rumors
The Japanese yen has surged to its highest level in nearly four weeks against the US dollar, prompting speculation that Japanese authorities may have intervened in the market for a second day. The rally in …
Continue readingTrump Win Could Push Bond Yields Up, Stocks Down: Experts
Donald Trump’s potential victory in the 2024 US Presidential election could lead to a rise in long-term U.S. Treasury yields, according to Edmond de Rothschild Asset Management strategists. This, in turn, could result in a …
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