PBOC Meeting.
The People's Bank of China is having a monetary policy meeting. A key macroeconomic factor currently is the Evergrande debt crisis and over-leveraged property developers in China. Although there is generally a ban on Crypto in China, Asian markets in particular have been concerned with the growing debt crisis in China and reacting strongly to...
Closed markets.
Markets in Japan will generally be closed. This includes the Tokyo Stock Exchange. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased...
Closed markets.
Markets in United Kingdom, China and Hong Kong will generally be closed. This includes the London Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange and the Stock Exchange of Hong Kong. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as...
Closed markets.
Markets in China, Japan, and India will generally be closed. This includes the Shanghai Stock Exchange, Shenzhen Stock Exchange, Tokyo Stock Exchange, and the National Stock Exchange of India. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as...
Closed markets.
Markets in China and Japan will generally be closed. This includes the Shanghai Stock Exchange, Shenzhen Stock Exchange and Tokyo Stock Exchange. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to...
Russian bond due.
A 30-day grace period ends for Russian two lots of bonds. The payment must be made in USD otherwise the bond will officially have defaulted. Russia has tried to make payments in roubles, which is not include in the terms of the securities. Further, investors don’t want Russian roubles as most Western countries have sanctions...
FED meeting.
The US Federal Reserve is having a monetary policy meeting. Being the largest economy in the world, these meetings are keenly watched and have far reaching consequences. The FED is expected to begin aggressively raising rates and doing 50bps rises. A useful tool to watch is the CME FedWatch Tool, which shows what the market...
Closed markets.
Markets in Japan will generally be closed. This includes the Tokyo Stock Exchange. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result...
BoE meeting.
The Bank of England is having a monetary policy meeting. The BoE is expected to continue raising rates, with its fourth consecutive rise. However, the UK is currently suffering from soaring inflation and weak economic growth. For more information on how central bank monetary meetings effect Crypto, click here.
Evergrande Bond Payment
$82.5m in interest payments is owed by Evergrande group. Our full report on the over-indebted property sector can be found here.
Closed markets.
Markets in Hong Kong will generally be closed. This includes the Stock Exchange of Hong Kong. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which...
Closed markets.
Markets in Canada will generally be closed. This includes the Toronto Stock Exchange. Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result...
