Rock-West Asia Pacific

Rock-West Asia Pacific Rock-West Asia Pacific is an account dedicated to the region's users and activities.

Before ECB meeting, the dollar is increasing while the euro is over parity📊 After overnight losses, the US dollar stabil...
28/10/2022

Before ECB meeting, the dollar is increasing while the euro is over parity

📊 After overnight losses, the US dollar stabilized in early European trading on Thursday, as the euro rose above parity in anticipation of the ECB's anticipated large rate hike.

💶 Even though the German GfK consumer mood index for November increased marginally to -41.9, the EUR/USD fell 0.2% to 1.0057.

💷 GBP/USD decreased 0.3% to 1.1591 from its highest level since September 13 after traders responded favorably to some political stability with the appointment of new Prime Minister Rishi Sunak.

💴 A 0.5% decline in USD/JPY was seen at 145.64 as the yen strengthened against the greenback. How long this can last without additional intervention is up for debate.

💵 NZD/USD increased 0.2% to 0.5845, the USD/CNY increased 0.6% to 7.2152, and the AUD/USD decreased 0.1% to 0.6489 after statistics revealed that China's industrial earnings declined for a third straight month in September.

About $1.12B of Positions Gets Liquidated Due to BTC Rise Above $20,500Due to the recent Bitcoin rise above $20,500 abou...
27/10/2022

About $1.12B of Positions Gets Liquidated Due to BTC Rise Above $20,500

Due to the recent Bitcoin rise above $20,500 about $1.12 billion in longs and shorts was liquidated from the leading derivatives exchanges:

- $863M on FTX;
- $91M on OKX;
- $72M on Binance;
- $36M on Bybit.
- $31M on Huobi;

Xi's re-election and China data release: market reaction🇨🇳China's GDP grew 3.9% in the third quarter compared to a year ...
26/10/2022

Xi's re-election and China data release: market reaction

🇨🇳China's GDP grew 3.9% in the third quarter compared to a year earlier and 3% in the first three quarters of this year, according to the state statistics bureau of China.

📌 Xi Jinping was confirmed for a third term as general secretary of the CPC Central Committee and chairman of the Military Council of the CPC Central Committee.

📌 Shares of Chinese companies in Hong Kong fell to a 13-year low and the national currency dropped to its lowest level in 15 years.

📉 By 12:55 p.m. MSK, January Brent crude oil futures are down 1.42%, trading at $90.04 a barrel. December WTI crude futures are down 1.6% to $83.69 a barrel.

📉 Thus, according to China's General Administration of Customs, the country reduced the volume of oil imports by 4.3% year on year in the first three quarters.

🔥 Western Union has filed crypto-related trademark applications with the United States Patent and Trademark Office, trad...
26/10/2022

🔥 Western Union has filed crypto-related trademark applications with the United States Patent and Trademark Office, trademark attorney Mike Kondoudis said.

The applications made by Western Union imply that the company intends to launch its very own virtual currency exchange and cryptocurrency token. The financial services company also has plans to expand into managing and administering digital assets.

Weekly Overview: 14.10-21.10 🌎 Top events of the week:🚩 The Federal Reserve of the United States is strongly expected to...
21/10/2022

Weekly Overview: 14.10-21.10

🌎 Top events of the week:

🚩 The Federal Reserve of the United States is strongly expected to maintain its strong interest rate hikes at its next meeting in early November, with Fed policymakers emphasizing the necessity for tighter monetary policy to control rising inflation.
🚩 The Group of Seven countries agreed last month to restrict Russian oil sales at an extremely low price by December 5, but the proposal gained attention among major participants in the global oil business, who feared it would paralyze the trade globally.
🚩 Despite the current Western sanctions on Russia, several cryptocurrency exchanges continue to accept Russian citizens, but with certain restrictions. Russian users are welcomed by crypto exchanges in Kazakhstan.

📌🔹 Primer, the world's first automation platform for payments and commerce, and Coinbase have announced a strategic inte...
20/10/2022

📌🔹 Primer, the world's first automation platform for payments and commerce, and Coinbase have announced a strategic integration that allows merchants in markets across the globe to add crypto as a standard method of payment at checkout.

Coinbase Commerce, Coinbase's platform to help merchants accept cryptocurrency payments, can be added to Primer's Universal Checkout with clicks, not code. This means merchants using Primer can now add crypto payments easily and quickly to their checkout page, which is critical given that 40% of global consumers say they plan to use cryptocurrency to make a payment within the next year.

https://www.prnewswire.com/news-releases/primer-and-coinbase-forge-global-integration-to-make-cryptocurrency-a-standard-payment-method-301652773.html

The US dollar 💵 significantly increased its strength against other fiat currencies in 2022
20/10/2022

The US dollar 💵 significantly increased its strength against other fiat currencies in 2022

Yuan decline and comments by the head of the Central Bank of China on the yen's fall⚡️On the continental market, the dol...
20/10/2022

Yuan decline and comments by the head of the Central Bank of China on the yen's fall

⚡️On the continental market, the dollar-yuan pair opened at 7.2,000 and was trading at 7.2197 by 9:00 MSK.

🇨🇳 Before the session began, the National Bank of China set the median exchange rate at 7.1105. As some analysts note, the stability of the median exchange rate may keep the pair's rise within 7.25, but it does not improve investors' attitudes to the yuan.

⛩️ Meanwhile, Beijing delayed the release of economic data, including a GDP report that were scheduled for this week, and no foreign trade data was released on Friday. Analysts said the lack of news was bad news, although the head of government said the economy was improving.

🇯🇵 The Japanese yen fell to 149.2 yen per dollar in Tokyo trading today for the first time since 1990.

🏦 The head of the Central Bank of Japan called the current fall in the yen undesirable for the economy.

✴️ Cryptorank: top 10 NFT collections by minimum price growth in 7 days
19/10/2022

✴️ Cryptorank: top 10 NFT collections by minimum price growth in 7 days

Asian currencies rise on weakening dollar📊 Sharp changes in U.S. inflation last week boosted the dollar and sharply drop...
18/10/2022

Asian currencies rise on weakening dollar

📊 Sharp changes in U.S. inflation last week boosted the dollar and sharply dropped most Asian currencies.

📉 The Chinese yuan fell 0.1%, approaching 7.2 against the dollar, as the country has no plans to roll back to its zero-quote policy.

📈 The South Korean won rose 0.4%, helped by a steady rise in exports. However, the figure is still at its weakest level since November 2020, as South Korean factories continue to struggle with changes caused by rising raw material prices.

💸 The strengthening dollar, combined with weakening economic trends in China and other regional markets, reduced attraction to Asian currencies this year, with some units hitting record lows against the U.S. dollar.

Trade Commodities, Forex, and Cryptocurrencies on the Rock-West Online Trading Platform👉 https://bit.ly/Rock-West

✴️ Coinshares published a weekly report on financial flows in crypto products (week until October 17). According to the...
18/10/2022

✴️ Coinshares published a weekly report on financial flows in crypto products (week until October 17). According to the results:

– Total inflow recorded = +$12M
– oriented crypto products = inflow = +$8.8M
oriented crypto products = minor outflow = -$3.9M

Judging by the low inflows into crypto products over the course of 2 months, a high degree of uncertainty reigns in the market now.

❗️🇺🇸 October 13 (followed by poor inflation reports) was one of the most volatile days in the history of the S&P 500 in ...
15/10/2022

❗️🇺🇸 October 13 (followed by poor inflation reports) was one of the most volatile days in the history of the S&P 500 in terms of intraday swings. The market went from a big minus to a significant plus.

The intraday move (in % of intraday low to high) was 5.4%, making it the 63rd largest intraday swing in over 15,000 days since 1962.

The next post is about how the crypto market reacted👇🏻

Address

H-1-02, 1st Floor, Connection Commercial, Persiaran IRC 3, IOI Resort City
Putrajaya
62502

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00

Website

Alerts

Be the first to know and let us send you an email when Rock-West Asia Pacific posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Rock-West Asia Pacific:

Shortcuts

Share

Category