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The post India: Inflation risks stay skewed higher – ING appeared on BitcoinEthereumNews.com. ING economists Deepali Bhargava and Lynn Song project India’s consumer inflation to edge up to 4.2% year-on-year in June, while wholesale inflation moderates to 9%. They highlight that lower Brent prices should ease wholesale costs, but persistent retail fuel prices, firmer food inflation and sticky core pressures keep overall inflation risks tilted to the upside over the coming months. Wholesale easing, consumer prices stay sticky “We expect India’s consumer price inflation to edge slightly higher to 4.2% year-on-year in June, while wholesale price inflation is likely to moderate to 9%.” “Softer Brent crude prices should pull wholesale prices lower, but persistent retail fuel costs, gradually firming food inflation and sticky core pressures point to a mild uptick in consumer inflation.” “The gradual pass-through of wholesale prices to retail prices, meanwhile, is expected to support underlyin
Read full articleThe legislation could strain US relations with major economies like China and India, while intensifying scrutiny on global crypto transactions. The post Senator Graham posts agreement to hold Russia energy buyers accountable with 500% tariff threat appeared first on Crypto Briefing.
The post India Gold Discounts Widen to $19 as China Buying Streak Hits 20 Months appeared on BitcoinEthereumNews.com. Indian jewelers are cutting gold prices by as much as $19 an ounce this week as sharp volatility freezes retail buying, while China’s central bank keeps adding to its reserves. The contrast highlights diverging gold strategies across Asia’s two largest markets during a volatile month for the metal. Spot prices dropped to a seven-month low in late June before rebounding, fueling the wide swings dealers cite this week. India’s Discounts Deepen as Buyers Hesitate Dealers in India cut prices by up to $19 an ounce this week, according to Reuters. Sharp volatility has discouraged fresh purchases, and many buyers are avoiding the market entirely. Retail activity has shifted toward exchanging old jewelry for new pieces, so jewelers do not need to restock as often. This shift lowers demand for freshly mined bullion and keeps discounts elevated. Indian jewelry volumes fell 19% ye
The post “The bar for a material hawkish turn is high”: ING says the Bank of Canada won’t surprise next week appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) is outperforming the US Dollar in the short term, pulling the USD/CAD pair down from recent multi-month highs. This corrective move comes at a crucial juncture, as global markets look ahead to the Bank of Canada’s (BoC) upcoming policy meeting. While technical indicators suggest that the Greenback’s premium over the Loonie is overextended relative to bond yields, fundamental analysts caution that domestic softness and looming trade risks will ultimately limit the Canadian Dollar’s scope for a sustained recovery. USD/CAD daily chart. Source: FXStreet. Tactically expensive premium leaves USD/CAD vulnerable to a deeper pullback Societe Generale points out that the US Dollar’s recent rally against the Canadian Dollar has become fundamentally detached from underlying fixed-income markets. After encountering a firm ceiling
The post RBI Ban Talk Returns: What It Means for Altcoin Access appeared on BitcoinEthereumNews.com. India’s crypto debate just snapped back into focus. If you’re wondering whether altcoin access will get tougher, the short answer is yes, and the reasons are more structural than headline-driven. This piece breaks down what the Reserve Bank of India’s latest stance means day to day. We’ll get into banking rails, stablecoin premiums, enforcement heat, and the real choices Indian users and builders face over the next few months. Editor’s note: Over Q1 and Q2 this year I watched INR stablecoin quotes slip away from spot FX on multiple P2P channels. After the ED headlines, a couple of OTC desks I speak with widened spreads and raised size minimums for a bit. Local exchanges also got more conservative around listings and payment options. None of this screams panic, but it does say the path of least resistance is narrowing. My own take is simple: the policy overhang is now the main driver o
The post US Dollar: Geopolitics faded as markets eye rates – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole notes the US Dollar (USD) has been broadly unchanged despite renewed Middle East tensions, as Oil has retraced and risk sentiment improved. He highlights that fading geopolitical risk keeps focus on front-end rate differentials, which have moved against the Dollar in some cases. ING sees upside risks for the Dollar but expects only limited DXY reaction if Oil stays contained. Dollar sidelined by rate focus “Markets are taking a decisively optimistic stance on fresh US-Iran tensions. Multiple reports indicate traffic in Hormuz has dropped to almost zero in the past couple of days, and we have seen effectively no intent of de-escalation from either party.” “The 2-year USD swap rate has erased roughly half of the 10bp jump after the re-escalation – 35bp of tightening is currently priced in for December.” “The dollar is seeing no benefits from this situation. Fading
The NSE's IPO could redefine global investor engagement with Indian markets, emphasizing traditional equities over emerging digital assets. The post India’s NSE pitches IPO to 30 global investors in bid to reshape capital markets appeared first on Crypto Briefing.
The post Canadian Dollar: Jobs and BoC caution shape outlook – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole highlights that Canada’s June jobs report is expected to show a sharp slowdown in hiring and a pickup in wage growth. He argues the bar for a hawkish shift by the Bank of Canada (BoC) remains high, with benign inflation and USMCA-related risks limiting hike prospects. ING sees CAD supported near term but does not expect USD/CAD below 1.40 in coming months. Data and policy temper Loonie upside “Canada releases jobs data for June today. Expectations are for a marked slowdown in hiring to 10k after May’s big 88k, with unemployment staying at 6.6%. The focus will be on permanent employees’ hourly wages, which are expected to increase from 3.2% to 3.6%.” “We think the bar for a material hawkish turn by the Bank of Canada is high, and we don’t expect surprises at next week’s meeting. Unless oil rallies back to April-May levels, the inflation outlook remains too benig
The post Euro: Narrow path for sustained strength against US Dollar – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole writes that Middle East tensions have modestly re-tightened EUR/USD short-term swap rate differentials by around 10bp, though the spread remains wider than pre-war levels. While this supports expectations for a potential September European Central Bank (ECB) hike, Pesole argues the path for a stronger EUR/USD is limited and warns of downside risks, including a possible retest of 1.140. Rate spreads support but risks linger “We expect stabilisation today – with markets potentially wanting to wait for weekend clarity – but risks are of a retest of 1.140.” “While all this is injecting new confidence into previously dwindling expectations for a September ECB hike, the path for EUR/USD to come out stronger from this re-escalation is quite narrow.” “The Middle East military re-escalation has prompted a moderate re-tightening in EUR/USD short-term swap rate dif
