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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CROSS ASSET
- We have recently seen that the surge in Covid cases in some of the 'low' vaccinated countries have pushed governments to reintroduce new restrictions to limit the downside risks (i.e. Latvia, Czech Republic).
- Leaders of the CEE region for instance have repeated several times that governments may have to take 'drastic' steps in case the situation continues to deteriorate.
- As governments have been constantly criticized over the poor management of the Coronavirus pandemic (last winter / spring) in that region, leaders will be more 'risk averse' this time to avoid losing popularity.
- Hence, uncertainty over the economic outlook has been surging as we approach the winter season, and therefore central banks may need to flood the market with another round of liquidity to support the economies.
- It is interesting to see that Bitcoin has experienced a significant appreciation this month, up nearly $25,000, breaking above its April all-time high of $64,869.80 this week following listing of first ETF.
- Despite the strong criticism by governments and major institutions on the fundamental value of cryptocurrencies, Bitcoin keeps resurging to new all-time highs after periods of sharp consolidation.
- Is the Bitcoin market already pricing in more liquidity injected by central banks for this winter?
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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