Goldilocks’ Comments and Global Economic News Monday 4-22-2024
Good Evening
ISO 20022 UPGRADE OF SWIFT MESSAGES FOR MONEY SETTLEMENT ANNOUNCEMENT:
“To act in concert with the global standard of adopting ISO 20022 in SWIFT and Hong Kong RTGS for payment-related SWIFT messages, OTC Clear has planned to migrate money settlement messages from existing SWIFT MT messages to ISO 20022 XML-based message (“MX messages”) on 22 April 2024.”
On April 22nd, 2024, the Society for Worldwide Interbank Financial Telecommunications and Real Time Gross Settlements is upgrading to the ISO20022 messaging system.
The Hong Kong Interbank Clearing Limited and the Hong Kong Securities Clearing Company Limited will soon after do a market-wide testing to make sure the clearing systems of the East and West are synchronized.
Once this interface is complete and tested, the new settlement messaging system for tokenized assets through Stablecoins, already tested and regulated, in Hong Kong will be able to move digital money in cross-border International trades. This will enable foreign currency exchanges to take place on this new Digital Financial Settlement System. HKEX Adenza
© Goldilocks
👆Today
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There’s even more good news for Hong Kong’s upgrade to ISO 20022 and their new listings.
The China Securities Regulatory Commission said it will facilitate Hong Kong listings by leading Chinese companies.
CSRC said it will expand the Stock Connect cross-border investment scheme by placing Hong Kong’s new listings on the Shanghai Stock Exchange International Financial Centre. SCMP
© Goldilocks
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There are three trends taking place on our Global Markets. These three trends have not been seen before in history.
We have new tokenized assets onboarding the trading system through ETFs, we have the dollar that has continued to rise, and we have gold that is continuing to rally.
These two major assets (dollar and new ETFs) would have at one time held the price of gold down, but we are not seeing this take place and the repercussions of this fact tell us we are sailing into new headwinds inside our Global Markets.
So far, our markets seem to be pricing in these new changes or shall I say new transitions of our economy. This is why following the new digital economy as it completes its final phases of development is so important.
Old indicators and fundamentals no longer apply and new ones are beginning to surface. This indicates a transition is taking place inside the entire economy, but you have to know what you’re looking for inside the new digital asset-based trading system.
Current indications are showing us that our new correlated asset trends are beginning to work together instead of adversely. If these new trends continue, our markets will have moved from negative correlations to positive ones.
What does this mean as far as watching for changes happening on the market in our current world? It means we have to look for and when the QFS is finally completed its connections. Once its development is complete, we will then know the real values as they are turned on inside the new digital economy. VanEck
Time will tell.
© Goldilocks
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“With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.”
Today, JP Morgan Chase’s Jamie Dimon met with executives from the World Bank Group and several other multilateral development lenders.
They are currently working on ways to pull private money into new jobs through their new Green Bond initiatives across Emerging Markets. The World Bank and the IMF are actively involved in these meetings as well. The World Bank in the IMF are two major players that will announce the Bretton Woods III agreement.
This will provide liquidity for several countries outside of the United States and provide movement forward in resetting/leveling the playing field for their local economies across all market sectors including Forex. Finance Yahoo World Bank
© Goldilocks
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Currency devaluations on a global scale is really picking up steam. We are about to see currency interventions begin to take place on a massive scale.
This does not mean we’re about to see a revaluation many of you are looking for going forward. It just means that Credit Valuation Adjustments are about to begin on every sector of the market including Forex.
We could see some currency price adjustments, but we are looking for those CVAs to be backed by real values based on the release of caps on gold. CNBC Transwap
© Goldilocks
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China is dumping U.S. treasuries and buying Gold | FX Street
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Are the days of dollar love ending? – Opinion News | The Financial Express
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Quant Network CEO: 2024 Is The Year Of Institutional Adoption Of Blockchain | Business Upturn
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Anthony Scaramucci remains bullish on Bitcoin’s long-term performance.
He compares its development to the beginnings of the Internet and Amazon shares. | Crypto News Flash
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Cryptocurrencies: Why You Shouldn’t Overlook Dogecoin (DOGE) and Retik Finance (RETIK) in 2024 – Crypto Daily
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Are the BRICS and their New Development Bank offering alternatives to the World Bank, the IMF, and the policies promoted by the traditional imperialist powers? | CADTM
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The Progression of Exchange: Cryptocurrencies and the Future of Transactions – Eye On Annapolis
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What are Green Bonds and How Can They Fight the Climate Crisis? | The Climate Reality Project
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“Seeing some confusion on next steps with the SEC vs. Ripple case.
To clarify – Ripple will file its response to the SEC’s request for penalties by April 22nd and the SEC has until May 6th to reply.”
* KC Trader
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“The authorities substantially tightened macroeconomic policies in 2023 and into the first quarter of 2024. They are beginning to reap the fruits of the adjustment in the form of a stable exchange rate and declining inflation. Nonetheless, the remaining adjustment required to keep debt on a sustainable path is significant, financing needs are high, and foreign reserves have fallen.
“The authorities and the staff team reached an agreement on most policies to underpin the requested arrangement under the ECF. They reached an understanding on the authorities’ development objectives and reforms needed to achieve macroeconomic stability and maintain debt sustainability.
IMF Staff Concludes Mission to Sierra Leone | IMF
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XRP NEWS PROOF RIPPLE & SWIFT ARE UNLOCKING $27 TRILLION | Youtube
