Index

A crypto Index provides a way for investors to gain diversified exposure to a specific basket of digital assets through a single tokenized product. These indices often track specific sectors, such as DeFi, DePIN, or RWA, and are automatically rebalanced via smart contracts. In 2026, AI-managed thematic indices have become the gold standard for passive investing, allowing users to track the "blue chips" of the Web3 economy without manual portfolio management. This tag covers index methodology, rebalancing frequency, and the benefits of diversified crypto baskets.

25295 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
XAG/USD tumbles to near $38.50 as US Dollar rebounds

XAG/USD tumbles to near $38.50 as US Dollar rebounds

The post XAG/USD tumbles to near $38.50 as US Dollar rebounds appeared on BitcoinEthereumNews.com. Silver price slumps to near $38.50 in Wednesday’s Asian session.  Concerns about Fed independence could boost safe-haven flows and cap the Silver price’s downside.  The US July PCE Price Index report will be closely watched later on Friday.  The Silver price (XAG/USD) attracts some sellers to around $38.50 during the Asian trading hours on Wednesday. The white metal retreats from a two-week low due to some profit-taking and a stronger US Dollar (USD). Nonetheless, renewed concerns over the US Federal Reserve’s (Fed) independence might cap the downside for XAG/USD.  Traders continue to assess US President Donald Trump’s move to fire Federal Reserve (Fed) Governor Lisa Cook. Late Tuesday, Trump said that he will soon have a “majority” of his own nominees on the Fed board of governors who will back his desire to cut the interest rates. In response, Fed Governor Lisa Cook said Trump has no authority to fire her from the central bank, and she will not resign.  Trump’s action to fire Cook is seen as an effort to exert control over the Federal Reserve and potentially influence monetary policy, raising concerns over the central bank’s independence. This, in turn, could weigh on the Greenback and lift the USD-denominated commodity price.  Furthermore, rising bets of a Fed rate cut next month could underpin the white metal. Fed Chair Jerome Powell has opened the door to a rate reduction in the September meeting, but that position could become complicated if inflation pressures continue to rise. Lower interest rates could reduce the opportunity cost of holding Silver, supporting the non-yielding white metal.  All eyes will be on the release of the US Personal Consumption Expenditures (PCE) Price Index report for July, which is due later on Friday. If the reports show a hotter-than-expected inflation outcome, this could limit the Fed’s ability to…

Author: BitcoinEthereumNews
USD/CHF consolidates around 0.8050, Fed’s Cook vows to defend her job

USD/CHF consolidates around 0.8050, Fed’s Cook vows to defend her job

The post USD/CHF consolidates around 0.8050, Fed’s Cook vows to defend her job appeared on BitcoinEthereumNews.com. USD/CHF wobbles as investors seek fresh developments on Fed Cook’s lawsuit against her termination by US President Trump. Fed Cook’s lawyer stated that her removal lacks any factual or legal basis. Investors await US PCE inflation and Swiss Q2 GDP data. The USD/CHF pair trades in a tight range around 0.8050 during the Asian trading session on Wednesday. The Swiss Franc pair consolidates as the US Dollar (USD) trades calmly, with investors seeking fresh development on Federal Reserve (Fed) Governor Lisa Cook’s termination by United States (US) President Donald Trump over mortgage allegations on late Monday. At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, ticks up to near 98.35. US President Trump shared a letter on Truth.Social in which he announced the removal of Fed Governor Cook, citing that she made false statements on one or more mortgage agreements. Meanwhile, Fed’s Cook has decided to defend allegations by filing a lawsuit against US President Trump’s decision to fire her. “His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action,” Cook’s lawyer, prominent Washington attorney Abbe Lowell, said, Reuters reported. On the economic front, investors await the Personal Consumption Expenditure Price Index (PCE) data for July, which is scheduled to be released on Friday. The inflation data will influence market expectations for the Fed’s monetary policy outlook. According to the CME FedWatch tool, there is an 87% chance that the Fed will cut interest rates in the September monetary policy meeting. In the Swiss economy, investors await the Q2 Gross Domestic Product (GDP) data, which will be published on Thursday. The Swiss economy is expected to have expanded at a moderate pace of…

Author: BitcoinEthereumNews
EUR/USD ticks down to near 1.1630 amid French political uncertainty

EUR/USD ticks down to near 1.1630 amid French political uncertainty

The post EUR/USD ticks down to near 1.1630 amid French political uncertainty appeared on BitcoinEthereumNews.com. EUR/USD falls slightly to near 1.1630 as the Euro hits by French political uncertainty. French PM Bayrou might lose confidence vote on September 9. The ousting of Fed Governor Cook has dampened the outlook of the US Dollar. The EUR/USD pair edges lower to near 1.1630 during the Asian trading session on Wednesday. The major currency pair faces a slight selling pressure as political uncertainty in France has weighed on the Euro (EUR). The existence of Prime Minister (PM) François Bayrou’s minority government has come under threat as all three opposition parties of France have expressed that they won’t back a confidence vote over his €44 billion budget package on September 8. Political uncertainty in France led to a meltdown in French assets on Tuesday. CAC 40 ended 1.7% down in Tuesday’s trade. On the economic front, the Euro will be influenced by the inflation data from major states of the Eurozone, which will be published on Friday. Additionally, some sort of stability in the US Dollar (USD) has also weighed on the major currency pair. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, ticks up to near 98.35 during the press time. However, the outlook of the US Dollar is uncertain as the announcement of Federal Reserve (Fed) Governor Lisa Cook’s termination by United States (US) President Donald Trump over mortgage allegations has made a serious crack on central bank’s independence. Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair…

Author: BitcoinEthereumNews
USD/JPY trades above 147.50, upside capped by Fed concerns

USD/JPY trades above 147.50, upside capped by Fed concerns

The post USD/JPY trades above 147.50, upside capped by Fed concerns appeared on BitcoinEthereumNews.com. USD/JPY may struggle as the US Dollar could face challenges due to rising concerns over Fed independence. President Trump announced the removal of Fed Governor Lisa Cook from her position. Japan’s chief trade negotiator, Akazawa, will return to the United States on Thursday for talks. USD/JPY recovers its recent losses from the previous session, trading around 147.60 during the Asian hours on Wednesday. However, the upside of the pair could be restrained as the US Dollar (USD) may struggle amid rising concerns over Federal Reserve (Fed) independence. US President Donald Trump announced early Tuesday that he was removing Fed Governor Lisa Cook from her position on the Fed’s board of directors. This is considered the first instance of a president firing a central bank governor in the Fed’s 111-year history. According to Reuters, if Cook’s seat becomes vacant, President Trump would have the chance to secure a majority on the Fed’s seven-member board. Trump has already nominated White House economist Stephen Miran to a temporary seat that expires in January and has suggested Miran could also be in the running for Cook’s position. Meanwhile, The Wall Street Journal reported that David Malpass, former World Bank president, is another potential candidate. The Japanese Yen (JPY) could gain ground amid increasing stability in Japanese domestic politics amid improving public approval. Yomiuri newspaper public opinion poll showed on Monday a 20% rise in support for Japanese Prime Minister Shigeru Ishiba despite his ruling coalition losing its majority in July’s parliamentary election. Asahi TV reported on Wednesday that Japan’s head trade negotiator, Akazawa, is heading back to the United States (US) on Thursday to discuss Japanese investment in the US. Traders await upcoming economic releases later this week, including Japan’s Tokyo Consumer Price Index (CPI) and Retail Trade data due on Friday. Japanese Yen…

Author: BitcoinEthereumNews
When is the Australian CPI inflation and how could it affect AUD/USD?

When is the Australian CPI inflation and how could it affect AUD/USD?

The post When is the Australian CPI inflation and how could it affect AUD/USD? appeared on BitcoinEthereumNews.com. The Australian CPI inflation Overview The Australian Bureau of Statistics (ABS) will publish its monthly Consumer Price Index (CPI) report for July on Wednesday at 01.30 GMT. The monthly CPI is expected to show an increase of 2.3% year-over-year (YoY) in July, compared to a 1.9% figure reported in June.  How could the Australian CPI inflation affect AUD/USD? AUD/USD trades in positive territory near a weekly high of 0.6505 in the lead up to the Australian CPI inflation report. The pair gains ground as the US Dollar weakens on fears over the Federal Reserve’s (Fed) independence after US President Donald Trump announced he was firing a Fed Governor Lisa Cook.   If inflation comes in hotter than expected, it could lift the Australian Dollar (AUD), with the first upside barrier seen at the August 18 high of 0.6524. The next resistance level emerges at the August 7 high of 0.6541, en route to the August 13 high of 0.6562. To the downside, the 100-day Exponential Moving Average (EMA) at 0.6468 will offer some comfort to buyers. Extended losses could see a drop to the August 5 low of 0.6450, followed by the August 21 low of 0.6415.  Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. The Reserve Bank of Australia (RBA) influences the…

Author: BitcoinEthereumNews
Bitcoin Traders Line Up BTC Price Targets Around $100,000

Bitcoin Traders Line Up BTC Price Targets Around $100,000

The post Bitcoin Traders Line Up BTC Price Targets Around $100,000 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is teasing a breakdown below old all-time highs at $109,300; where will BTC price action head next? Crypto traders are ready with BTC price targets as bulls nurse a 13% pullback from all-time highs. Bitcoin’s key trendlines in danger Bitcoin’s latest dive took BTC/USD below previous all-time highs first seen in January 2025. That psychological level now hangs in the balance, but is not the only nearby level that observers are concerned about. Various simple (SMA) and exponential (EMA) moving averages risk getting flipped from support to resistance as price struggles to halt its decline. “BTC has broken below the 100 EMA on the daily chart. That’s not a good sign and could open the door for a deeper correction toward $103K,” popular trader Cryptorphic warned in an X post Tuesday.  “Historically, every drop below this EMA has led to a short-term pullback. I’m watching closely and hoping Bitcoin reclaims the level soon to keep the uptrend intact.” BTC/USDT one-day chart. Source: Cryptorphic/X Data from Cointelegraph Markets Pro and TradingView shows the 100-day EMA at $110,820. The 200-day SMA, meanwhile — a classic bull market support line — sits lower at just under $101,000. The last time that BTC/USD traded below that trend line was in mid-April. BTC/USD one-hour chart with 100-EMA, 200-day SMA. Source: Cointelegraph/TradingView Speculators tipped as BTC price safety net As Cointelegraph continues to report, some market participants have much lower BTC price targets in mind. These include a retest of the $100,000 mark and even a drop back into five-figure territory. This is thanks to a combination of weakening onchain metrics such as trade volume and relative strength index (RSI) divergences. BTC/USD four-hour chart with RSI divergence. Source: Cointelegraph/TradingView For Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, Bitcoin’s speculative investor base may be what…

Author: BitcoinEthereumNews
US President Donald Trump says he’s prepared for fight as Cook vows to sue — Bloomberg

US President Donald Trump says he’s prepared for fight as Cook vows to sue — Bloomberg

The post US President Donald Trump says he’s prepared for fight as Cook vows to sue — Bloomberg appeared on BitcoinEthereumNews.com. US President Donald Trump said he was ready for a legal fight with Federal Reserve (Fed) Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents, Bloomberg reported late Tuesday.  Trump spoke at a Cabinet meeting on Tuesday, saying that he was also prepared to abide by any court decision but indicated he was not concerned about Cook’s challenge. Market reaction At the time of press, the US Dollar Index (DXY) was up 0.03% on the day at 98.25. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis. In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a…

Author: BitcoinEthereumNews
David Rubenstein, Worth $2.8 Billion, Reveals His Prediction for the Fed’s Decision in September

David Rubenstein, Worth $2.8 Billion, Reveals His Prediction for the Fed’s Decision in September

The post David Rubenstein, Worth $2.8 Billion, Reveals His Prediction for the Fed’s Decision in September appeared on BitcoinEthereumNews.com. Carlyle Group Co-Chairman and Co-Founder David Rubenstein announced that he expects the Fed to cut interest rates by 25 basis points in September. Speaking on Bloomberg Surveillance, Rubenstein assessed President Donald Trump’s moves that have revived debates about the Fed’s independence and the markets’ reaction to them. Rubenstein stated that Trump’s attempt to remove Fed Board Member Lisa Cook is part of his goal to lower interest rates, saying, “The president wants interest rates lowered and is very determined on this issue. Jerome Powell has also signaled his expectation of a rate cut in his recent remarks.” Rubenstein stated that he didn’t expect any surprises in the markets, saying, “I think we’ll see a 25 basis point cut in September. I’d be very surprised if there’s a larger cut.” Rubenstein emphasized the importance of the Fed’s independence, saying that while this process will likely be resolved in the courts, markets were largely unaffected by Trump’s actions. Rubenstein, noting that Trump has recently taken unusual steps in Washington, said that his attempt to partner with Intel and his efforts to dismiss Fed members were not unexpected by investors: “Markets don’t like uncertainty, but President Trump’s style is well-known. Investors have priced in these moves, and the indices are still trading near their peaks.” Rubenstein stated that the FED has been among the most respected institutions since 1913 and that this process will not completely shake confidence in the institution. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/david-rubenstein-worth-2-8-billion-reveals-his-prediction-for-the-feds-decision-in-september/

Author: BitcoinEthereumNews
Asia FX Confronts Volatility: Fed Independence Worries & Australian Dollar’s Resilient Surge

Asia FX Confronts Volatility: Fed Independence Worries & Australian Dollar’s Resilient Surge

BitcoinWorld Asia FX Confronts Volatility: Fed Independence Worries & Australian Dollar’s Resilient Surge The global financial landscape is a complex tapestry woven with threads of economic data, geopolitical shifts, and central bank policies. Recently, two distinct narratives have emerged, capturing the attention of investors and shaping Forex trends: the cautious downturn in Asia FX amidst growing concerns over Federal Reserve independence, and the remarkable resilience of the Australian Dollar following robust CPI data. Understanding these divergent forces is crucial for anyone navigating the intricate world of currency markets. Asia FX Under Pressure: Decoding Fed Independence Concerns Why are whispers about the Federal Reserve’s independence causing ripples across Asian markets? The Federal Reserve, often considered the world’s most influential central bank, traditionally operates with a degree of autonomy from political interference. This independence is vital as it allows the Fed to make monetary policy decisions—like setting interest rates—based purely on economic indicators, free from short-term political pressures. When this perceived independence is questioned, it creates uncertainty. What Exactly is Fed Independence, and Why Does it Matter Now? Autonomy in Policy: The Fed’s ability to set interest rates and manage the money supply without direct political intervention. This ensures decisions are made for long-term economic stability, not political cycles. Market Confidence: Investors trust that the Fed will act decisively against inflation or recession, even if those actions are unpopular. Erosion of this trust can lead to market instability. Recent Worries: Concerns have mounted due to public commentary from political figures regarding interest rate paths and the Fed’s performance. Such remarks can be interpreted as attempts to influence policy, triggering anxiety among market participants. For Asia FX, the implications are significant. A less independent Fed might be perceived as more susceptible to political pressure, potentially leading to less aggressive inflation fighting or delayed rate cuts. This uncertainty can trigger capital outflows from riskier emerging markets in Asia, as investors seek the perceived safety of the U.S. Dollar. Consequently, currencies like the Korean Won, Malaysian Ringgit, and Indian Rupee may face downward pressure, impacting trade and investment flows across the region. Australian Dollar’s Resilience: What Hot CPI Data Reveals In stark contrast to the cautious mood in Asian markets, the Australian Dollar has shown impressive strength. This surge is primarily attributed to recent, unexpectedly strong CPI data. The Consumer Price Index (CPI) is a critical economic indicator that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Essentially, it’s the primary gauge of inflation. Why is ‘Hot’ CPI Data So Important for the Aussie? Inflationary Pressure: When CPI data comes in ‘hot’—meaning higher than economists’ forecasts—it signals that inflation remains persistent in the economy. Central Bank Response: High inflation typically prompts central banks, like the Reserve Bank of Australia (RBA), to consider tightening monetary policy, primarily through raising interest rates, to cool down the economy and bring inflation back to target levels. Yield Attraction: Higher interest rates in Australia make the Australian Dollar more attractive to global investors seeking better returns on their investments (known as ‘carry trade’). This increased demand for the currency leads to its appreciation. The recent robust CPI data has fueled expectations that the RBA may need to implement further rate hikes or keep rates elevated for longer than previously anticipated. This hawkish outlook has significantly bolstered the Australian Dollar, allowing it to firm against other major currencies, even amidst broader global uncertainties. This divergence highlights how domestic economic strength can insulate a currency from external pressures, at least temporarily. Navigating Global Currency Markets Amidst Divergent Trends The simultaneous narrative of a cautious Asia FX and a strong Australian Dollar creates a fascinating dynamic within global currency markets. Investors are now grappling with a landscape where different regions are reacting to unique internal and external factors. This divergence underscores the importance of a nuanced approach to currency trading and investment. How Do These Trends Interact on the Global Stage? Safe-Haven Flows: Worries about Fed independence can boost the U.S. Dollar as a traditional safe-haven asset, potentially putting more pressure on Asian currencies. Carry Trade Opportunities: The higher yields offered by the Australian Dollar due to strong CPI data can attract capital from countries with lower interest rates, creating profitable carry trade opportunities for investors. Commodity Link: Australia is a major commodity exporter. Strong commodity prices, coupled with higher interest rates, further support the Aussie, while some Asian economies, being net importers, might feel additional pressure from a stronger USD. Understanding these interactions is key to forecasting future Forex trends. While the Australian Dollar benefits from its domestic economic strength, Asian currencies face a more complex environment influenced by global risk sentiment and the perceived stability of major central banks. The table below provides a snapshot of how these forces might be playing out: Currency/Region Key Driver Impact on Currency Outlook Asia FX Fed Independence Worries, USD Strength Downward pressure, increased volatility Cautious, dependent on global risk sentiment Australian Dollar Hot CPI Data, RBA Rate Hike Expectations Upward momentum, yield appeal Positive, supported by domestic data U.S. Dollar Safe-haven demand, Fed policy uncertainty Potential for continued strength Strong, especially during periods of global risk aversion Actionable Insights for Forex Traders: Strategies in a Volatile Landscape In an environment characterized by divergent central bank policies and varying economic data, successful navigation of Forex trends requires vigilance and a well-defined strategy. For traders and investors, these dynamics present both challenges and opportunities. What Should Traders Consider Amidst These Shifting Sands? Monitor Central Bank Communications: Pay close attention to statements from the Federal Reserve, Reserve Bank of Australia, and Asian central banks. Any shift in tone or policy guidance can significantly impact currency valuations. Focus on Economic Data: Key economic releases, especially inflation figures (like CPI data), employment reports, and GDP growth, will continue to be primary drivers of currency movements. Strong data in one region can create arbitrage opportunities against weaker regions. Risk Management is Paramount: Given the heightened volatility, employing robust risk management techniques, such as setting stop-loss orders and managing position sizes, is more crucial than ever. Diversification and Hedging: Consider diversifying currency exposure across different regions to mitigate risks. For businesses with international operations, hedging strategies can protect against adverse currency movements. Technical vs. Fundamental Analysis: While fundamental factors like interest rates and economic data are driving long-term trends, technical analysis can help identify short-term entry and exit points in a volatile market. The current environment demands a proactive approach. Understanding the underlying causes of market movements, from concerns over Fed independence to the impact of strong CPI data, empowers traders to make more informed decisions. The interplay between global and local factors will continue to shape the direction of global currency markets, making adaptability a key trait for success. Conclusion: Navigating the New Normal in Currency Markets The currency markets are constantly evolving, presenting a fascinating interplay of global and local forces. The recent divergence between a cautious Asia FX and a firm Australian Dollar serves as a powerful reminder of this complexity. While concerns over Fed independence cast a shadow of uncertainty over some emerging markets, robust CPI data in Australia has provided a solid foundation for the Aussie’s strength. For investors and traders, these contrasting narratives highlight the critical need for continuous analysis, agile strategies, and a deep understanding of the factors driving Forex trends. As we move forward, monitoring central bank actions, economic indicators, and geopolitical developments will be paramount to successfully navigate these dynamic global currency markets. To learn more about the latest Forex market trends, explore our article on key developments shaping global currency movements and central bank policies. This post Asia FX Confronts Volatility: Fed Independence Worries & Australian Dollar’s Resilient Surge first appeared on BitcoinWorld and is written by Editorial Team

Author: Coinstats
Morning brief: Yuan soars to strongest since Nov; Australian CPI jumps to 2.8%

Morning brief: Yuan soars to strongest since Nov; Australian CPI jumps to 2.8%

A day of dramatic economic recalibration is unfolding across the Asia-Pacific, as a surprise inflation shock in Australia dashes rate-cut hopes, the Chinese yuan surges to a ten-month high, and a top investment bank forecasts a looming crash in oil prices. This flurry of activity comes as South Korea looks to capitalize on a successful diplomatic mission to Washington, setting the stage for a period of significant market volatility.Here’s your one-stop stand to catch up on all the headlines you may have missed.South Korea tests the waters with a dollar bond saleBuoyed by the success of President Lee Jae Myung’s recent summit with Donald Trump, South Korea is now preparing to test the waters of global investor sentiment. The government is considering a sale of dollar-denominated bonds and has sent out a request for proposals to major banks for a potential issuance of up to about 1.8 billion dollars in the coming months. The move, following a successful charm offensive in Washington that helped defuse trade tensions, is a clear signal that Seoul is eager to capitalize on the renewed goodwill and record-low credit spreads in the international debt markets.The dragon’s ascent: Yuan hits 10-month highThe Chinese yuan has emerged as a formidable force, advancing to its strongest level against the dollar since November. The currency climbed as much as 0.1 percent to 7.1447 per dollar, powered by a potent combination of a weakening greenback and a powerful rally in local equities. Investor sentiment is being further supported by expectations of sustained capital inflows ahead of the country’s September 3 ‘Victory Day’ parade. The People’s Bank of China has added its own muscle to the move, repeatedly strengthening its daily reference rate for the currency.The Australian inflation shockIn a blow to hopes for monetary easing, Australian consumer prices jumped by far more than expected in July. Data from the Australian Bureau of Statistics showed the monthly consumer price index rose 2.8 percent from a year earlier, a sharp acceleration from 1.9 percent in June and well above forecasts of 2.3 percent. The spike was driven by a surge in electricity costs. The hotter-than-expected reading immediately forced investors to slash their bets on a near-term rate cut from the Reserve Bank of Australia, with the probability of a move next month falling from 30 percent to just 22 percent.Goldman’s bearish call: an oil glut loomsAdding another layer of drama to the day, Goldman Sachs has issued a stark warning for the oil market. The US investment bank said in a new client note that it expects the price of Brent crude to decline to the low 50s a barrel by late 2026. The bearish forecast is based on an expected increase in the global oil surplus, which the bank projects will widen to an average of 1.8 million barrels per day through 2026, leading to a massive rise in global stockpiles. The bank said this glut, coupled with reduced demand, will fundamentally lower the fair value of Brent from its current mid-70s range.The post Morning brief: Yuan soars to strongest since Nov; Australian CPI jumps to 2.8% appeared first on Invezz

Author: Coinstats