Global TradFi & Macroeconomics

Mizuho downgraded Circle (CRCL) to Underperform from Neutral and cut its price target to $50 from $85, while JPMorgan lowered earnings estimates for both Circle and Coinbase on the same day. Both firms cited mounting pressure on the economics underpinning USDC, Circle's dollar-backed stablecoin, as

According to The Block reporting on analyst research, Mizuho downgraded Circle (CRCL) to Underperform from Neutral on July 14 and slashed its price target by 41% to $50 from $85, citing concerns that USDC economics face mounting pressure. On the same day, JPMorgan also lowered earnings estimates for

According to Jin10, Federal Reserve Governor Austan Goolsbee stated that the current U.S. job market remains stable, though he characterized it as not particularly strong.

SK Hynix ADR options officially began trading on U.S. options exchanges on Tuesday, July 14, with initial trading concentrated heavily on short-dated contracts. According to Daniel Kirsch, options strategist at Piper Sandler, traders are likely building bullish positions betting on near-term stock p

At his July 14 hearing, Federal Reserve Chair Waller downplayed June CPI data despite it coming in below expectations, stating he does not believe the battle against inflation is won. He signaled a preference for tightening policy, noting he will push colleagues to debate when and how much to

Chicago Federal Reserve President Goolsbee, a 2027 FOMC voting member, commented that the U.S. June CPI inflation data was encouraging.

Fed Chair Kevin Warsh told Congress on July 14, 2026 the Federal Reserve will not bail out cryptocurrency or stablecoin markets if they face stress. Rep. Brad Sherman pressed Warsh during a House Financial Services Committee hearing on whether the Fed would extend support to digital asset markets

According to JPMorgan Chase CEO Jamie Dimon's statement on Tuesday, the bank is shifting from weather metaphors to geological metaphors to describe systemic risks. Dimon said multiple risks—including geopolitical tensions and wars, persistent inflation, elevated global fiscal deficits, and high

Fed Chair Kevin Warsh told Congress on July 14 that the Federal Reserve will not extend bailouts to cryptocurrency or stablecoin markets, stating "We do not want to be in the bailout business, full stop." During the House hearing on the Fed's Semi-Annual Monetary Policy Report, Rep. Brad Sherman

On July 14, the Federal Reserve's overnight reverse repurchase agreements (RRP) fell to $278 million with 4 counterparties, down from $795 million on the previous trading day.

President Donald Trump on Tuesday announced he has replaced the proposed 20% toll on cargo flowing through the Strait of Hormuz with investment deals with Gulf states. Trump said the decision followed highly productive conversations with Middle Eastern leadership. The move comes amid ongoing

According to Bloomberg, Trafigura delivered a record volume of lead to London Metal Exchange warehouses today, driving prices to their lowest level in over a year. The trader's large-scale delivery through Singapore increased global tracked inventory by 80,700 tonnes, bringing total stockpiles to 37

Fed Chair Kevin Warsh testified before the House Financial Services Committee on May 14 (local time), stating that the Federal Reserve must clearly separate balance sheet policy from fiscal policy. Warsh emphasized that any changes to balance sheet policy would be announced and explained in

On Tuesday, July 14, UK 10-year gilt yields rose 0.8 basis points to 4.977% during European afternoon trading, following a V-shaped price movement. The 2-year yield edged up less than 0.1bp to 4.349%, while the 30-year yield climbed 0.9bp. The 2/10-year yield spread widened 0.529bp to 62.630bp.

A U.S. trade official testified on Tuesday that very few of Nvidia's H200 artificial intelligence chips have been shipped to China and Hong Kong. Under Secretary of Commerce for Industry and Security Jeffery Kessler stated at a congressional hearing that 'very few shipments against licenses for H200

According to CME FedWatch data, on July 15, the Federal Reserve has an 83.4% probability of maintaining interest rates unchanged, while a 25 basis point rate hike is priced at 16.6% probability.

According to Under Secretary of Commerce for Industry and Security Jeffery Kessler at a congressional hearing on Tuesday, very few Nvidia H200 AI chips have been shipped to China and Hong Kong relative to the licenses issued. Kessler stated, "The bottom line is very few shipments against licenses f

According to MSX.COM data, U.S. AI application software stocks rebounded today after opening lower. Palantir rose nearly 3% after declining as much as 6%. Cloudflare gained over 5%, Snowflake climbed over 3%, and AppLovin advanced nearly 2%.

According to PANews, Morgan Stanley shares rose 4.8% on July 15, hitting a record high with a market cap of $366 billion. Separately, Arkham monitoring data shows that Morgan Stanley's spot Bitcoin ETF MSBT holds 5,761 bitcoins, valued at over $300

According to market data, on July 14, Germany's two-year government bond yield climbed 3.3 basis points to 2.756% during the U.S. CPI inflation data release. The ten-year Bund yield rose 0.5 basis points to 3.113%, sliding sharply from 3.130% as the inflation report was