The largest of the cryptocurrencies started the rally as shares of First Republic Bank (FRC.US) slid nearly 50% yesterday following a quarterly report that showed nearly $100 billion in deposit outflows in Q1 2022. Bitcoin surpassed $29,000 and Ethereum is near $1,900. The gains were also helped by better-than-expected results from Alphabet (GOOGL.US) and Microsoft (MSFT.US), which could mean that […]

Investors’ morning attention in the FX market turned towards Australia, where we learned the latest inflation data. Australia’s headline CPI came in at 1.4% k/k in Q1 2023 (versus the expected 1.3%). However, the AUDUSD pair saw declines, dictated by a lower core inflation reading (1.2% quarter-on-quarter versus expectations of 1.4%). By weight, it is […]