SNB Dials Down Interest-Rate Hiking With Quarter-Point Move
The Swiss National Bank delivered the smallest interest-rate hike since it began monetary tightening a year ago while signaling it may act again to tame inflation.
Policymakers led by President Thomas Jordan lifted the key rate by a quarter-point to 1.75%, matching forecasts by most economists surveyed by Bloomberg.
The step is aimed at “countering inflationary pressure, which has increased again,” Jordan said in Zurich. “It cannot be ruled out that additional rises in the SNB policy rate will be necessary to ensure price stability over the medium term.”
Source: Bloomberg
Totalenergies back on July 2021 trend support
Totalenergies (TTE FP) is back again on it July 2021 up trend support. Keep an eye on this level... Will it rebound once again ?
Nvidia Insider Trading Alert
Tench Coxe, the 3rd largest $NVDA shareholder, just sold another 50,000 shares worth approximately $21.1 million. He acquired these shares in 1997! He previously sold 100,000 shares on May 30. Source: Barchart
SNB won’t let slowing inflation stop a rate hike
Source: Bloomberg
Global Yield Curves' (2s10s) inversion deepens, flashing recession signals
Source: Bloomberg TV Chart
Bitcoin jumps >$30k on speculation BlackRock ‘may know something.’
Last week, BlackRock submitted an application for a spot Bitcoin ETF, which would track Bitcoin’s underlying market price. Source: HolgerZ, Bloomberg
Bitcoin Hits $29,000 Following BlackRock, WisdomTree, Invesco ETF Filings
Bitcoin’s price hit $29,000 amid a flurry of exchange traded fund (ETF) applications in the United States and newfound institutional interest in facilitating crypto trading. The launch of EDX markets on Tuesday, a crypto exchange backed by Fidelity, Charles Schwab and Citadel Securities also appears to have strengthen the bullish momentum. EDX currently supports four cryptocurrencies in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Source: Decrypt
Siemens is approaching support zone 156-160
Siemens (SIE GY) is retesting the recent breakout zone 156-160. That level was a resistance was tested several times since 2021 and is now a support. Keep an eye if it can hold ? Source : Bloomberg
