Forexlive Americas FX news wrap: Bitcoin ETFs approved, will start trading on Thursday |


Markets:

Gold flat at $2023US 10-year yields up 1.5 bps to 4.03%WTI crude oil down 90-cents to $71.35S&P 500 up 0.6%JPY leads, NZD lags

The bitcoin ETF was finally approved as the best-kept (and worst-leaked) secret is finally out in the open. The only question now is how it will trade on the first day/week. So far, the price seems to be stuck at $45,600 but we will just have to wait and see what happens next. Some money appears to be rushing into ETH, which is up 8.5% on what’s perhaps a front-running of that ETF? If that’s the case, maybe it’s time to front-run the Dogecoin ETF.

In other markets, the yen was the big mover as the market is losing faith that the BOJ will begin to normalize policy this year. That came after weak November wage numbers were released in Asia.

Early on the US dollar was strong but it softened later despite Treasury yields ticking higher. The ten-year auction was soft and that helped to push up yields but the overall moves on the day were small as we count down to tomorrow’s CPI report.

Oil was strong early but beaten up after a bearish inventory report. USD/CAD ignored that though and traded in a tight range around 1.3380.



This article was originally published by a www.forexlive.com . Read the Original article here. .