Bank of America Warns of Japan Sell-Off Risk as Short Yen Positions Mount
Speculative bets against the Japanese yen have reached stretched levels, increasing the risk of a market reversal, according to a new analysis from Bank of America.
Latest by Yuki Tanaka
Iraq Agrees to New Dollar Controls to Resume US Cash Shipments, Report Says
Iraq has reportedly agreed to implement stricter financial controls to prevent U.S. dollars from reaching Iran, a deal that ends a four-month suspension of American cash shipments to Baghdad, according to The Wall Street Journal.
Global Bond Yields Hold Near Multi-Week Highs as Mideast Tensions Fuel Inflation Fears
U.S. Treasury and German Bund yields remained elevated after an escalation in U.S.-Iran tensions sparked a surge in oil prices, fueling investor concerns about a new wave of cost-push inflation.
Bitcoin's Milder Bear Market Signals Maturation, Bernstein Says
Analysts at Bernstein note that Bitcoin's current 54% drawdown from its peak is significantly shallower than in previous cycles, viewing it as a "comforting" sign of a maturing market despite price weakness.
Deribit and SignalPlus Launch $600,000 Crypto Derivatives Trading Competition
Crypto derivatives exchange Deribit and software firm SignalPlus have announced their fifth trading competition, 'The Island,' offering up to $600,000 USDC in prizes to incentivize options and futures trading volume.
Canadian Dollar Hits Three-Week High on Stronger-Than-Expected Jobs Report
The Canadian dollar, or loonie, strengthened against its U.S. counterpart after official data showed the economy added significantly more jobs than forecast in June. The report suggests underlying economic strength, reinforcing expectations that the Bank of Canada will hold interest rates steady.
Bitcoin Price Declines as Geopolitical Tensions and Tech Sell-Off Hit Risk Sentiment
Bitcoin fell below $64,000 on Tuesday as U.S. military strikes against Iran and a downturn in technology stocks prompted a broader flight from risk assets, despite continued inflows into spot Bitcoin ETFs.
Bitcoin Price Stalls at Key $64,700 Resistance, Signaling Potential Volatility
Bitcoin is trading in a tight range just below a critical resistance zone around $64,700, according to recent technical analysis. Declining trade volume during this consolidation period suggests a significant price move is imminent, with traders watching for either a breakout or a rejection.
Xiaomi Positioned to Dominate AI Home Appliance Market, Morgan Stanley Says
Morgan Stanley reiterated its Overweight rating on Xiaomi, highlighting the company's integrated ecosystem and AI investments as key drivers for its potential leadership in China's growing AI-powered home appliance market.