Search results for "FX"
06:01

JUM (Jumoney) rose 14.44% in the last 24 hours.

Gate News Bot news, July 25, according to CoinMarketCap data, as of the time of writing, JUM (Jumoney) is currently priced at 0.00196153 USD, with a 14.44% rise in the last 24 hours, reaching a high of 0.0023019 USD and a low of 0.00130787 USD. The 24-hour volume has reached 82,200 USD. Current market capitalization data is temporarily unavailable. JUM is currently ranked 4265 on CoinMarketCap. JUM recent important news: 1️⃣ **Market Attention Increases** JUM (Jumoney) has dedicated price tracking pages on mainstream cryptocurrency data platforms CoinDesk and FX Empire, indicating that its market attention is increasing. This increased exposure may attract more investors.
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JUM-4.46%
00:55

LANLAN (LanLan Cat) rose 68.43% in the last 24 hours.

Gate News Bot news, July 22, according to CoinMarketCap, as of the time of writing, LANLAN (LanLan Cat) is currently priced at 0.0000071584 USD, with a rise of 68.43% in the last 24 hours, peaking at 0.0000072643 USD and dropping to a low of 0.0000042376 USD. The 24-hour volume reached 776,800 USD. The current market capitalization is approximately 63,600 USD, an increase of 25,900 USD compared to yesterday. Important news about LANLAN recently: 1️⃣ **Market Attention Increases** LANLAN (LanLan Cat) has recently gained more exposure on several major cryptocurrency data platforms and media outlets, including CoinDesk, FX Empire, and BeInCrypto.
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CAT-8.99%
14:46

Analyst: Powell is avoiding any dovish tendencies.

On June 24, some institutional analysts said that it is obvious that Fed Chairman Jerome Powell is currently deliberately avoiding any dovish tendencies. While this is not a surprise and will not be a driver in the FX market, the weak US consumer confidence index for June ahead of the press conference may have pushed the dollar lower. "In addition to the negative structural forces identified in the first half of the year, this rekindles a potentially cyclical bearish situation in the second half," the analyst added. EURUSD is expected to move smoothly in the range of 1.15 to 1.20 we expect in the second half of the year, and may also move faster than expected. ”
06:44

Arthur Hayes: If the Bank of Japan delays its quantitative tightening policy in June, it will be favourable for Bitcoin and other risk assets.

According to Gate News bot, Arthur Hayes posted on social media: "I don't think ordinary people in Japan will agree. If the Bank of Japan postpones quantitative tightening at its June meeting and restarts selective quantitative easing, risk assets such as bitcoin will soar. Previously, according to foreign media reports, Bank of Japan Governor Kazuo Ueda said that Japan is "still some way off" from achieving the 2% inflation target, and this remark pushed the yen weaker. Although he denied the possibility of a rate cut, and stressed that the current interest rate is low and needs to be raised in due course in the future to retain room for stimulus, he mentioned that it may need to provide support for the economy, which was interpreted by the market as a possible delay in the rate hike, thus weakening the yen. However, Shinichiro Kadota, head of Japan FX and interest rate strategy at Barclays Securities, said that the yen's depreciation was also affected by the overall strength of the US dollar.
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BTC-2.32%
15:31

Tether announced a strategic investment in the African Blockchain financial platform Shiga Digital

According to ChainCatcher news, Tether, the issuer of USDT, has announced a strategic investment in the African blockchain financial platform Shiga Digital, with the specific amount not disclosed. It is reported that Shiga Digital provides virtual accounts, over-the-counter trading services, money management, and foreign exchange (FX) services to African businesses. This collaboration will address the cross-border payment and global liquidity acquisition barriers that African businesses have long faced through a USDT-based Blockchain financial infrastructure. Both parties will support funding and foreign exchange management for traditional industries such as oil and gas within and outside of Africa, and assist independent contractors in easily accessing foreign currency and global payment services.
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07:15

Function X(FX) has been migrated to Pundi AI(PUNDIAI) at a ratio of 100:1, Gate has completed the support.

According to the Gate News bot, there is an announcement from Gate on April 18, 2025. The Function X (FX) project has completed the token migration, with the original FX tokens exchanged for Pundi AI (PUNDIAI) at a ratio of 100:1. Gate has completed this token exchange. The new token PUNDIAI will start trading on April 22, 2025, at 14:00 (UTC+8). The ERC20 contract address for PUNDIAI is 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef. Gate will support PUNDIAI's deposit, withdrawal, and trading services, and will no longer support the old FX token.
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PUNDIAI-6.12%
06:46

FX has been migrated to PUNDIAI at a ratio of 100:1, and Gate has completed support.

According to the Gate News bot, the announcement from Gate on April 18, 2025. Function X (FX) tokens have been exchanged for Pundi AI (PUNDIAI) at a ratio of 100:1. Gate has completed this token exchange. The new Pundi AI (PUNDIAI) tokens will begin trading on April 22, 2025, at 14:00 (UTC+8). The exchange rate is 100 FX for 1 PUNDIAI. The ERC20 contract address for the new token PUNDIAI is 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef. Gate will support the deposit and withdrawal services for the new token PUNDIAI and will no longer support the old token FX.
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PUNDIAI-6.12%
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07:06

Function X(FX) has been migrated to Pundi AI(PUNDIAI) at a ratio of 100:1, and Gate has completed support.

According to the Gate News bot, the official announcement from Gate on April 18, 2025. Gate has completed the exchange of Function X (FX) tokens to Pundi AI (PUNDIAI) at a conversion rate of 100:1. The new Pundi AI (PUNDIAI) tokens will be available for trading on April 22, 2025, at 14:00 (UTC+8). The ERC20 contract address for the new token PUNDIAI is 0x075F23b9CdfCE2cC0cA466F4eE6cb4bD29d83bef. Gate will support the recharge, withdrawal, and trading services for PUNDIAI. After this exchange, Gate will no longer support the old FX token.
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PUNDIAI-6.12%
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08:29

Trump's tariff threat has boosted demand for currency hedging

According to the Financial Times, Trump's repeated tariffs have pushed exchange rate volatility to multi-year highs and boosted demand for foreign exchange hedging products at a time when companies are struggling to adapt to market volatility. In recent days, exchange rate volatility has surged to levels seen during the March 2023 collapse of Silicon Valley Bank and Credit Suisse, according to JPMorgan's G7 and Emerging Markets Exchange Rate Volatility Index. Executives at banks and multinationals say the uncertainty surrounding Trump's tariffs has created more demand for foreign exchange hedging products to offset the impact of sudden exchange rate fluctuations on businesses doing business around the world. Nathan Venkat Swami, head of FX trading at Citigroup Asia Pacific, said that since Trump was elected president of the United States in November last year, demand for hedging products has accelerated due to uncertainty over U.S. trade policy. Swami said, "Trading was live in many parts of Asia in February
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TRUMP-4.14%
G7-21.66%
04:37

Uncertainty over tariff policy has led to an increase in demand for currency hedging

Gate.io News bot, according to the Financial Times, the changing tariff policy has pushed exchange rate fluctuations to multi-year highs, and the demand for foreign exchange hedging products has increased significantly in the face of market volatility. JPMorgan's G7 and Emerging Markets FX Volatility Indices show that recent exchange rate volatility has climbed to levels seen during the March 2023 collapse of Silicon Valley Bank and Credit Suisse. Executives at banks and multinationals noted that uncertainty over tariff policy has spurred demand for foreign exchange hedging products to reduce the impact of sharp exchange rate fluctuations on global business. Nathan Venkat Swami, head of foreign exchange trading at Citigroup Asia Pacific, said that since the election of Donald Trump as president of the United States in November last year, uncertainty over U.S. trade policy has led to an acceleration in demand for hedging products. He added: "Trading activity in many parts of Asia declined in February due to the Lunar New Year holiday, but trading volumes resumed to rise in March, with strong corporate hedging activity. "
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G7-21.66%
TRUMP-4.14%
19:12

Analyst: Trump's 90-day tariff suspension will only bring more uncertainty.

Golden Finance reported that Trump announced a 90-day pause on reciprocal tariffs. FX Executive Director Amarjit Sahota stated, "Currently, there is significant market fluctuation, especially in the stock market, which has reacted positively to this news. But the ensuing question is: why are we seeing this 'stay of execution' today? Is this really a good idea? Personally, I don't think this is a good idea: a 90-day pause will only bring more uncertainty over the next 90 days. This looks like a very poor policy decision, or at least very poorly planned or executed."
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TRUMP-4.14%
02:00

Institution: Asian stock markets big dump, the market is eager for a rapid interest rate cut in the US.

On April 7, the main Asian stock indexes plunged on Monday as White House officials showed no signs of abandoning their comprehensive tariff plan, and investors bet on the rising risk of a recession in the United States, which could be cut as early as May, and the futures market quickly reflected the expectation that the United States would cut interest rates by 25 basis points nearly five times this year. Sean Callow, senior FX analyst at ITC Markets in Sydney, said: "The only real circuit breaker was President Trump's rhetoric, and there is little indication that the market sell-off has bothered him enough to make him reconsider the policy stance he has believed in for decades. Previously, investors had thought that trillions of dollars in lost wealth and the potential for a devastating blow to the economy would make Trump reconsider his plans.
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TRUMP-4.14%
01:50

FF: The approval of proposals such as an increase in the number of authorized shares will support the FX strategy and the delivery of FF 91 2.0

On March 10, Faraday Future (FFIE.O) announced that the company had successfully held an extraordinary general meeting of shareholders on March 7, 2025, and all proposals were approved. Among other things, the approval of the Authorized Share Increase Proposal will help the Company issue common shares as necessary for the conversion of convertible notes and the exercise of issued warrants to meet existing obligations, or to support the Company's future financing or acquisition transactions, the implementation of employee incentive plans and other reasonable corporate purposes. In line with the principle of prudent management of share capital, the number of authorized ordinary shares increased by 24%.
08:50

Faraday X, the second brand of Faraday Future, plans to launch its first model by the end of next year.

Faraday Future has announced that its second brand, Faraday X, will offer two power configurations, 'Extended Range AIEV' and 'Pure Electric AIEV'. The first batch of products will be FX 5 and FX 6, with expected price ranges of $20,000-$30,000 and $30,000-$50,000 respectively. It aims to become the 'Toyota' in the smart electric vehicle market and enter the extended-range hybrid vehicle market.
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X-3.27%
09:07

HSBC: Asian currencies face downside risks in the coming months

According to Joey Zhou, Head of FX Research at HSBC Asia, Asian currencies will face downside risks in the coming months. HSBC Bank commented that considering the average 5% decline of the US dollar against Asian currencies this quarter, the market seems to have already priced in most of the Fed's rate-cutting cycle over the next 12-18 months. HSBC also stated that the potential risk of a significant increase in tariffs during the Republican presidency may add pressure to Asian currencies.
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06:09

Natixis: Japanese bond shorts position looks reasonable

FX data reported on September 6 that Stephen Spratt, an Intrerest Rate strategist at BNP Paribas, said in a report that strong wage data, robust Tokyo CPI, and many other factors, along with tough remarks from officials of the Central Bank of Japan, as well as a relatively calm market environment, all favor shorting Japanese government bonds. He said, 'Japan's data remains robust, especially those sensitive data for the Central Bank of Japan.' Bank of Japan committee member Takada Satoshi believes that the financial markets have begun to calm down. The strategist said, 'This statement is important because a calm market is a prerequisite for further interest rate hikes.'
07:51

Macquarie: The yen is expected to rise to 135 by the end of the year and break above 120 in two years.

Golden Ten Data on August 26, Macquarie strategists Gareth Berry and Thierry Wizman believe that the Federal Reserve's recent interest rate cut signal will push the yen to rebound, and the yen will rise to 135 against the dollar by the end of the year. Fed Chair Powell's speech in Jackson Hole "set the stage for a months-long rebound in the yen." The Fed's rate cut will weaken the Forex spreads earned by JPY SHORTS and encourage Japan investors to fill their FX hedging positions. In addition, strategists expect the yen to rise above 120 against the dollar within two years.
14:07

Rabobank: If the Central Bank of Japan further raises interest rates and the Fed cuts interest rates, the yen is expected to appreciate

FX data on September 13th, JPMorgan Chase claimed that the yen is likely to continue its rise against the dollar in the coming months due to the potential for further rate hikes by the Bank of Japan and an anticipated start of rate cuts by the Federal Reserve in September. In a report, JPMorgan Chase forex strategist Jane Foley stated that the Fed could cut rates by 25 basis points in September and again before the end of the year. "Looking out six months, we anticipate the USD/JPY to fall to 142, roughly aligning with expectations for the next rate hike by the Bank of Japan."
07:31

Fortune Bank: The European Central Bank will take a cautious stance on future interest rate cuts

Fx Bank expects the Central Bank of Europe to keep the Intrerest Rate unchanged in July and maintain a cautious stance on future rate cuts. Despite the progress made in inflation easing, which prompted the rate cut in June, the rise in service sector inflation and wages indicates that the Central Bank of Europe will gradually cut rates. Fx Bank expects the European Central Bank to cut rates by 25 basis points quarterly, with the next rate cut in September.
04:02
FX data on June 14th, OCBC Bank's forex strategist Christopher Wong said that the yen has been affected by the perception that the Bank of Japan is not in a hurry to normalize its policy. The USD/JPY may challenge the previous high of 160, which should increase the risk of intervention. However, intervention is at best a choice to slow down the pace of depreciation, rather than a tool to reverse the trend. For USD/JPY to meaningfully decline, the dollar needs to show goodwill, or the Bank of Japan needs to signal an emergency normalization. None of these seem likely to happen, and the path of least resistance for USD/JPY is upward.
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10:51
Analysis: US inflation may hinder Fed from cutting interest rates this year IG Group analyst Jeremy Naylo said that the Federal Reserve interest rate decision will be a turning point this week, although we expect no change in interest rates. Prior to this, the US Department of Statistics will release May CPI data. This is likely to indicate that the inflation stickiness we are seeing will continue to exist. It is expected that the US core CPI in May will rise by 3.5% YoY, but the real concern is the service industry. In the past two months, the US service industry CPI has been rising. It rose by 5.3% YoY in April. Daily FX analyst Richard Snow tells traders that there is a general expectation that the so-called 'super core' inflation, which is the service sector inflation minus housing inflation, will at least keep the year-on-year increase of the past two months at 5.3%, which may mean that the Fed has almost no room to cut interest rates.
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05:09

Survey: The Fed's interest rate cuts have been delayed again and again, and the strong dollar continues to be invincible

FX strategists polled by Reuters believe that if the Fed and other major central banks diverge in policy, the dollar will rebound firmly in the coming months, and may even be stronger than expected. The U.S. dollar has recovered from the slump at the end of 2023, calmly moving away from the long Reuters poll fall estimates over the past year. The dollar index has pumped 4.3% this year. According to a Reuters poll, 42 out of 58 forex strategists (nearly 75%) believe that the probability of a stronger dollar in the next three months is also greater than a depreciation. Paul Mackel, global head of forex research at HSBC, said we remain confident that the strong dollar will continue. It is clear from the economic activity data and the stickier inflation that a strong US economy will make it difficult for the Fed to start cutting interest rates.
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21:02
Coin Network reports: Analyst MaximilianFX said that the bull market structure of Bitcoin (BTC) is threatened by a continued downtrend of $64,801 and $65,165. Sellers are aggressively defending these Fibonacci retracement levels, resulting in greater price Fluctuation. Although an upward price pump is possible, Maximilian FX believes that a sustained upward pump is unlikely to last when faced with selling pressure from the moving average near the 34.89 operating area. In addition, some potential successors have emerged in the Meme coin market, such as WIF, PEPE, and BONK.
BONK-7.68%
MEME-2.28%
BTC-2.32%
22:30
JPMorgan Chase & Co. downgraded its views on emerging market currencies and local interest rates after the U.S. reported a larger-than-expected increase in CPI for March, leading financial markets to expect the Federal Reserve to delay interest rate cuts until September. "At this point, the likelihood that the Fed will not cut rates becomes large enough that the market will reprice, push the risk-free rate higher, and limit the performance of emerging market currencies or the ability of emerging market rates to continue to resist the rise," JPMorgan said. JPMorgan Chase & Co. said it had adjusted its weight in emerging market FX to "hold" from "overweight" previously.
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07:57

Strategists: Higher oil prices could boost the dollar

FX strategists John Shin and Alex Cohen said the recent rise in oil prices could push the dollar higher and pose a threat to BofA's expectations that the dollar would depreciate by the end of the year. "The recent strength of the US dollar against the backdrop of rising oil prices may be due in part to the changing nature of the oil shock," they said. Bank of America strategists remain negative on the USD medium-term and expect EUR/USD to rise to 1.15 by the end of the year, as Fed rate cuts should help cause the USD to move lower, but higher oil prices could offset the situation.
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ALEX-5.71%
05:32

Barclays: Rising commodities will drive EM currencies stronger

A Barclays report said the expansion of long U.S. positions could be a good sign for emerging market commodity-related currencies against the backdrop of expected higher metals and oil prices. As far as emerging market currencies are concerned, the report said: We expect a respite for the dollar before the next wave of strength. The bank also said that Latin American FX would outperform the market due to its sensitivity to commodities. For some currencies, such as the rupiah, if the US dollar continues to rise against the rupiah, the Bank Indonesia will most likely raise the benchmark interest rate by 25 basis points by 6.25%.
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04:30

Bank of America: If the Fed does not cut interest rates this year and the European Central Bank cuts interest rates, EUR/USD may fall to parity

Bank of America FX strategist Athanasios Vamvakidis and others said that if the Fed keeps interest rates unchanged this year and the ECB cuts rates three times, the euro could fall to parity against the dollar. BofA's base case scenario is for the dollar to weaken by the end of the year, as they expect slowdown in U.S. economic growth, a Fed rate cut, and an overvalued dollar. But they said the dollar would strengthen if interest rates were not cut by December. "Assuming the market simply delays the rate cut until early next year, we expect EUR/USD to return to 1.05 or slightly lower. They also said that if a new energy shock erupts, it could push EUR/USD below parity, as was the case in 2022.
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04:19

JPMorgan Chase: Rising commodities add to the arbitrage appeal of the US dollar

JPMorgan Chase's Antonin Delair, Meera Chandan and Kunj Padh said commodity prices provided a boost to the high-yielding dollar. They wrote that the bank's growth strategy has a weight of more than 20% in the US dollar. "U.S. yields remain the main driver of the FX market, keeping the U.S. dollar and spreads strong and preventing reversals," they wrote, adding that the U.S. dollar is vulnerable to low-yielding currencies "amid weak data."
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05:09

Goldman Sachs: Even a Fed rate cut may not ease the pressure on the exchange rate

Goldman Sachs FX analyst Michael Cahill said that despite the chatter of global policymakers, "we are seeing central banks acknowledging that Fed rate cuts will not necessarily bring relief, at least in terms of exchange rates." Investors have also begun to embrace this new reality, ramping up their bets on the strength of the dollar in recent weeks. Data from the U.S. Commodity Futures Trading Commission as of March 26 shows that the positioning of non-commercial traders, including asset managers, hedge funds and other speculative participants, is currently the most bullish since 2022.
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09:55

Mitsubishi UFJ: Japan's threat of intervention may limit the strength of the United States and Japan in the short term

Lee Hardeman, senior FX analyst at Mitsubishi UFJ, said the recent strength of the dollar against the yen has been limited by the increased threat of Japanese officials intervening to support the yen. This keeps USD/JPY below 152.00. Japanese Finance Minister Shunichi Suzuki once again reiterated that the government will closely monitor market developments with a high sense of urgency and will take appropriate measures to prevent excessive volatility and does not rule out any options.
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07:13

Standard Chartered: The Japanese authorities are very close to intervening in the depreciation of the yen

Steven Englander, head of global G10 FX research and North America macro strategy at Standard Chartered, said the Japanese authorities were "very, very close" to intervening in the yen. "They've talked about the political consequences [of the yen's depreciation], and no one is sitting back hoping for the yen's depreciation. "The yen is currently at a multi-decade low. "The purpose of the potential intervention is to buy time for the Japanese authorities to start cutting interest rates or the Bank of Japan to raise interest rates modestly. He further noted that the last time the Japanese authorities intervened in the yen was in 2022, when "it worked quite well", although investors were initially skeptical about the effectiveness of such monetary interventions.
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03:57

RBC: The market is closely focused on the psychological level of 152 in the United States / Japan The yen is at risk of falling further

Alvin T. Tan, head of Asia FX strategy at RBC Capital Markets, said in his commentary that the market is vigilantly staring at the psychological level of 152.00 for USD/JPY. Tan said that fears of a possible FX intervention by the Japanese authorities have not led to a sharp pullback in USD/JPY and are currently limiting the pair's movements. Tan added that low volatility and a significant disadvantage in JPY yields suggest that there is a risk of further upside for USD/JPY in the coming weeks, unless there is a significant change in the global macroeconomic environment.
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02:45
Standard Chartered: With Bitcoin's boom, Ethereum could break $14,000 next year Geoffrey Kendrick, head of FX and crypto research at Standard Chartered Bank, said in the report that if the Ethereum spot ETF is approved, Ethereum could reach $8,000 by the end of the year and $14,000 by 2025. Geoffrey Kendrick said in the report that Ethereum is currently in between two important events that will drive the price up:1. The Ethereum spot ETF is expected to be approved by the SEC this summer;2. Upgrades to the Ethereum network and reduced costs have made Ethereum more competitive. Standard Chartered said in a separate research note that if the newly approved ETF continues to be popular, the price of Bitcoin could reach $150,000 by the end of the year.
ETH-2.15%
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08:55

ING: The US dollar is expected to gradually strengthen in the coming days

Francesco Pesole, an ING FX analyst, said the market's reaction to Tuesday's unexpectedly strong US CPI for February had so far been contained and the dollar exchange rate remained stable, but the news could push the dollar higher. "High CPI should support the dollar's strength from current levels, and we think the dollar is likely to find more support in the coming days," he said. For now, Fed Chair Jerome Powell's message that "interest rates will be cut this year" "continues to resonate strongly among investors."
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05:56

BofA: If the Bank of Japan fails to give clear guidance on further rate hikes, the yen may weaken

BofA said the yen could fall if the Bank of Japan fails to give clear guidance on further rate hikes after exiting its negative interest rate policy next week. Adarsh Sinha, the bank's co-head of FX and interest rates strategy for Asia, said that while the news of a rate hike in March may give the yen an initial rally, as long as the Bank of Japan does not give any form of forward guidance, the market may be disappointed and the yen will weaken slightly on the day. Any dovish guidance that leaves room for future rate hikes will be in line with the market's view that another rate hike is likely at the end of this year or early next year.
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09:39

ING: Markets are reluctant to sell USD ahead of Powell's speech

ING FX analyst Chris Turner said in a note that market participants may be reluctant to sell the dollar until Fed Chair Jerome Powell begins testifying on Wednesday. He noted that Atlanta Fed President Bostic's comments on Monday "confirm the general view that the Fed is not in a hurry to cut interest rates." Turner added that Powell's testimony is likely to echo this view. Tonight's US ISM services data for February is unlikely to be the main driver of the market, but a repeat of the strong January data would be positive for the dollar.
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