Powell: there will be some loosening of rules to allow innovation, but needs to be done in ways that does not make banks less safe and sound. Crypto climate is changing; more mainstreaming is happening.

Crypto quickly rebounds after Powell's supportive comments

JPM's uncertainty index goes haywire

Bitcoin dominance has reached a 4-year high, while Ethereum’s share has dropped to multi-year lows

🚨SPOT GOLD RISES TO NEW HIGH OF $3,340.61/OZ

🚨China's US Treasury securities holdings $784 bln in February vs. $761 bln in January.

Japan's US treasury holdings $1.126tn in Feb vs $1.079tn in Jan

Gold now 60% above the 200 WMA

BoJ Governor Ueda: US tariffs could exert downward pressure on global, domestic economy, while cannot tell right now which way they would impact prices

SWIFT: China's Renminbi share as a global payment currency was 4.13% in Mar, down from 4.33% in Feb

Bank of Korea: cannot rule out possibility of economy contracting in Q1

Malaysia's Ringgit ticks lower to 4.4110 per USD

🚨Billionaire Tim Draper says Bitcoin is going to $250k this year.

China Shanghai: supports private listed companies in using buybacks and shareholder increases for market cap management

🚨Fitch Ratings: The intensifying US-China tariff conflict is set to severely disrupt trade flows between the two countries.

🚨Fitch Ratings revises their U.S. inflation forecast upward to over 4%, which implies stagnation in real wages.

Europe Market Open: Powell sends stocks lower despite "Big Progress" on US-Japan trade talks

Stablecoin transactions outpaced Visa payments for the first time in history

Goldman Sachs warns of $800bn US outflows from China stocks in extreme scenario should US investors be forced to offload Chinese equities

BoJ's Nakagawa: US tariffs will likely push Japan economy downward through reduced trade, corporate profits and impact on markets.

ECB Policy Announcement today at 12:15 GMT/08:15 ET. The ECB is expected to cut by 25 bps bringing the deposit rate to 2.25%. Two more rate cuts expected by year-end.