mathews

Mathewslcd pointed to a comprehensive new study showing that currency trading volume has reached a record $7.5 trillion per day, and the dollar retains its global dominance, but there are also signs that London's status as the world's largest trading center is being affected by Brexit. Erosion of Europe. The triennial survey by the Bank for International Settlements, an umbrella group of central banks, collated April data as markets grappled with the war in Ukraine and the early stages of an aggressive U.S. rate hike cycle. Daily volume was $7.5 trillion, a 14% increase from $6.6 trillion in 2019 and a new all-time high, driven by higher volumes in FX spot, swaps and forwards markets. FX swaps accounted for 51% of global volumes, up from 49% in 2019, while spot volumes fell from 30% to 28% and the share of outright forwards remained at 15%. The Bank for International Settlements said this was "the lowest three-year growth rate in all but two surveys since 2004," despi...

  Mathewslcd： Bearish bets on several Asian currencies hit a record high, driven by a slump in the Chinese yuan and a towering dollar as investors brace for more Federal Reserve rate hikes, a Reuters Poll found. Short positions on the Chinese yuan, the South Korean won, the Singaporean dollar and the Taiwanese dollar all hit their highest levels on record, the fortnightly survey of 12 respondents showed. The greenback's surge has been relentless, with the dollar index — which measures the currency against six major peers — surging nearly 15% this year and hovering near a 20-year high. The dollar is likely to strengthen further as U.S. interest rates are set to rise amid a stronger economic performance, and as investors turn to the safe-haven currency when geopolitical risks surface, such as the energy crisis in Europe. Meanwhile, a slowing economy and a resurgence in COVID-19 infections across China have pressured the yuan, compounding misery on Asia's emerging currencies reeli...

 Mathewslcd :   Grant Vingoe, CEO of the Ontario Securities Commission (OSC), Canada, reiterated the regulator’s technical neutral position on cryptocurrencies, saying that many Canadians plan to become HODLers in the near future.   He said that the basic principles of the regulation of stocks and bonds also apply to cryptocurrencies, and ”the vast majority of cryptocurrency-based entities“ are under the jurisdiction of the Ontario Securities Commission. Regulators mainly regard BTC and ETH as commodities, while ”agreement between trading platforms and investors“ constitute securities，Mathewslcd explains.   Vingoe said, ”We learned from our own research (announced later this month) that more than 30% of Canadians plan to buy crypto assets in the coming year. Banning non-compliant companies from providing services in Canada is a challenge. That‘s all we can do to cover our entire capital market with limited budget and law enforcement staff. But we are making progress....

 #Mathewslcd : Adam Zarazinski, CEO of software developer Inca Digital, said that there is a need to encourage encryption innovators to stay in the United States, which is a matter of national security. In addition, he said that Inca Digital is studying how cryptocurrencies affect traditional financial systems, and the U.S. authorities are worried about the economic impact of cryptocurrencies and their blockchain-based use cases, because it is related to illegal activities such as money laundering, hacking and evasion of sanctions. In addition, Zarazinski added that so far, Inca Digital has connected to ”about 350 trading places around the world“, including ”centralized exchanges, indexes and peer-to-peer networks“. Zarazinski said that Inca Digital also collects data from social media websites, including Twitter, Reddit, Telegram and Discord. It was previously reported that DARPA has hired the encryption intelligence company Inca Digital to carry out this analysis project, which w...

  Mathewslcd :   Grant Vingoe, CEO of the Ontario Securities Commission (OSC), Canada, reiterated the regulator ’ s technical neutral position on cryptocurrencies, saying that many Canadians plan to become HODLers in the near future.   He said that the basic principles of the regulation of stocks and bonds also apply to cryptocurrencies, and  ” the vast majority of cryptocurrency-based entities “  are under the jurisdiction of the Ontario Securities Commission. Regulators mainly regard BTC and ETH as commodities, while  ” agreement between trading platforms and investors “  constitute securities ， Mathews explains.   Vingoe said,  ” We learned from our own research (announced later this month) that more than 30% of Canadians plan to buy crypto assets in the coming year. Banning non-compliant companies from providing services in Canada is a challenge. That ‘ s all we can do to cover our entire capital market with limited budget and law enforce...

 In a document released on Tuesday, the European Securities and Markets Authority (ESMA) warned that investors are increasingly accepting cryptocurrencies, which means that future cryptocurrency collapses may affect traditional financial markets, and pointed out the risk of consumer deception and failure，Mathews shows. ESMA believes that due to its unstable growth cycle, as long as the relevant regulatory provisions are not applicable, crypto assets will pose many risks, which may be related to financial stability in the future. Mathews explains ，according to the document, there are multiple transmission channels between the cryptocurrency market and the traditional financial system, but their size is still limited. But officials also warned that this situation may change rapidly. Mathewslcd：https://www.mathewslcd.com                  https://net.mathewslcd.com

  The dollar rose on Thursday, climbing for a second straight session, as investors bet on another strong U.S. non-farm payrolls report that should keep the Federal Reserve on an aggressive tightening path for some time. The dollar index, which measures the greenback against a basket of currencies, surged more than 1% to 112.22 and was up about 17% for the year so far. "The dollar is on a roll again as stocks slump and recession fears hammer European currencies," said Joe Manimbo, senior market analyst, at payments company Convera in Washington. "The buck's pop also reflects the market betting on another solid jobs report that reinforces the Fed's hawkish rate path." U.S. non-farm payrolls for September are due to be released on Friday, with economists forecasting a headline print of 250,000 new jobs, compared with 315,000 in August. Chicago Fed President Charles Evans on Thursday said the Fed's policy rate is likely headed to 4.5%-4.75% by the spring of...

  The dollar rose in early trade in Europe on Thursday, after a top Federal Reserve official warned that the U.S. central bank isn't close to ending its cycle of interest rate hikes yet. By 03:05 ET (07:05 GMT), the dollar index, which tracks the greenback against a basket of six advanced economy currencies, was flat at 110.97, after falling nearly 3% in the last week from what was a 20-year high. Atlanta Fed President Raphael Bostic said that the U.S. policy tightening cycle is "still in its early days" and warned explicitly against betting on an early 'pivot'. Despite "glimmers of hope" in recent data, Bostic said "the overarching message I’m drawing...is that we are still decidedly in the inflationary woods, not out of them," That warning assumed a greater significance after the Organization of Petroleum Exporting Countries and its allies (chiefly Russia) acted to keep oil prices high by announcing a big cut in their output from next month. ...

  Analysts' positions on most emerging Asian currencies firmed deep in bear territory, a Reuters poll found, as a resilient dollar, a coerced yuan, a decisively hawkish U.S. Federal Reserve, and global economic headwinds shroud the outlook. Short bets on the Philippine peso, Malaysian ringgit, Thai baht, Indonesian rupiah and Indian rupee inched higher from their already strong positions, signifying a growing weak sentiment, the fortnightly poll of 12 analysts showed. The recent strengthening of the U.S. dollar on the back of outsized rate hikes by the Fed has weighed heavily on regional currencies, with most of them lingering near multi-year, or even record, lows. However, investors are hoping the Fed may consider a pause or a slowdown in policy normalisation as recent U.S. data indicates the economy could be starting to be pinched by the aggressive tightening so far this year. Malaysia's ringgit––down more than 10% so far this year and among the worst performing currencies in...

  The recent decline in China's foreign exchange reserves is still within a manageable range and will not alter the trend for the country's forex reserves to remain generally stable, experts said on Friday. Nevertheless, they underlined the necessity for Chinese policymakers to boost domestic economic momentum and shun any irrational and drastic weakening of the renminbi, which could threaten the safety of foreign exchange reserves. The country's forex reserves fell for the second straight month to $3.029 trillion by the end of September, the lowest level in more than five years, due to a strong US dollar and a fall in global financial markets. The amount marked a slight drop of $25.9 billion, or 0.85 percent from a month earlier, the State Administration of Foreign Exchange said on Friday. Since the beginning of the year, the nation's foreign exchange reserves have dropped by $221.2 billion, or 6.8 percent. The slide in China's forex reserves echoed a broader decli...

  Argentina will regulate import authorizations more closely in an effort to prevent fraud and preserve reserves of U.S. dollars, Economy Ministry sources said on Saturday. The new system will include verification that the size of an importer's request is consistent with its financial resources; requiring importers to designate only one bank account for foreign trade and more precise timing for importers' purchases of hard currency from the central bank, the sources said. The government will publish a detailed resolution in the coming days and it will take effect on Oct. 17. "This is to bring order to the system and avoid irregularities," said one of the sources familiar with the plan. Given limited central bank reserves of U.S. dollars, the government wants to make sure that hard currency is used for approved imports that increase domestic output. The reserves stand at $36.55 billion, the central bank reported Thursday. In Argentina, the dollar is worth 88% more in A...