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...
Closed Markets:
Markets in America will generally be closed. This includes the New York Stock Exchange and NASDAQ. 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...
Fed FOMC Minutes
The Federal Reserve is releasing the minutes from the most recent FOMC meeting (two weeks prior). Markets analyse this to try and gauge the overall dovish/hawkish tone of the meetings as this could provide hints to future rate rises. Released 2pm EDT/6pm UTC.
Closed markets
Markets in America will generally be closed. This includes the New York Stock Exchange and NASDAQ. 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...
BoC meeting
The Bank of Canada is having a monetary policy meeting. For more information on how central bank monetary meetings effect Crypto, click here.
ETF decision
A decision is due on the One River Carbon Neutral Bitcoin Trust ETF. It is a physically backed (spot) ETF and as such could dramatically increase demand for Bitcoin, as currently only futures contract based ETFs have been approved. There have been a string of rejections by the SEC for spot Bitcoin ETFs and it...
