© Reuters. FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s LG Chem Ltd and LG Electronics Inc said on Tuesday their latest quarterly results accounted for costs of about 1.1Read More →
US Dollar, USD/JPY, CPI Talking Points: The US Dollar has set a fresh yearly high this morning although there hasn’t yet been significant traction beyond a key Fibonacci resistance level. Tomorrow brings the release of CPI and after last month’s moderation, the expectation is for a flat read mirroringRead More →
Ethereum’s native token, Ether (ETH), rallied by more than 15% in the first 12 days of October. But, compared to Bitcoin’s (BTC) 30% gains in the same period, the second-largest cryptocurrency is currently in a downtrend when priced in BTC. So far into October (and the fourth quarter ofRead More →
A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form. In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light. Bitcoin futures ETFsRead More →
With supply chain channels snarled by the effects of the COVID-19 pandemic, major retailers like Target Corp. and Home Depot Inc. are taking matters into their own hands, chartering ships to deliver goods in time for the important holiday season. Retailers large and small, consumer packaged goods companies andRead More →
© Reuters. FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar edged higher on Tuesday, lingering close to the one-year high hit last week, as traders remained circumspect aheadRead More →
© Reuters. FILE PHOTO: Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo By Dmitry Zhdannikov LONDON (Reuters) – Alex Beard is losing his thirst for oil. Once one of the world’sRead More →
2021 will be remembered for many reasons and in less than 48 hours, the year will finally welcome Q4. With Bitcoin hitting an all-time high in Q2 of 2021, many in the community have been expecting a bullish rally on the charts. One that will push BTC past itsRead More →
Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC). According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative,Read More →
If you were thinking of starting a business with money from your individual retirement account, you might want to put that idea on hold for a moment. Ditto if you were thinking of using tax-deferred retirement accounts to invest in a startup run by a friend or a memberRead More →
US Dollar Talking Points: Chart formations can be helpful tools in a trader’s arsenal. Surely, not all traders are fans, so let’s just go ahead and address their primary failing up front: They do not predict the future. Chart formations will fail. And while it can be easy toRead More →
Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto. The mining pool officially announced Sept. 27 it has suspended access to new users in mainland China in response to Chinese authorities initiating new measures to combat crypto adoptionRead More →
As inflation is easing in the US, investor Ben Armstrong recently suggested viewers to prepare for a bear market, stating, “During the crypto bear market, things will look grim. Scary. But it won’t be anything compared to the stock market. That’s going to be a bloodbath.” The crypto commentator said that deflationRead More →
Evergrande, a Chinese property giant nursing more than $300 billion in debt, remains on the brink of default — sending global equities tumbling Monday as investors, who had previously ignored the situation, sat up and took notice. Fears of a bursting property bubble have long been a concern forRead More →
© Reuters. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Gertrude Chavez-Dreyfuss and Saikat Chatterjee NEW YORK/LONDON (Reuters) -Cryptocurrency prices sank on Monday as concerns over the spillover risk to theRead More →
Your Tom Cruise fix is going to have to wait a bit longer. Paramount Pictures on Wednesday moved back the release dates for Cruise’s next two films yet again, due to concerns that COVID-19 will continue to hurt the movie-theater business. “Top Gun: Maverick,” which was expected to premiereRead More →
Curtis Sliwa, a beret-wearing Republican running to be the mayor of New York City, said one of the goals of his campaign is to focus on crypto. In a Wednesday tweet, Sliwa said he would be focusing on creating greater financial inclusivity in New York City by opening moreRead More →
Gold, XAU/USD, US Retail Sales, University of Michigan Sentiment, IGCS, Technical Analysis – Talking Points: Gold prices extended losses after US retail sales beat expectations Rosy University of Michigan Sentiment data could extend its losses Bearish Rising Wedge breakout continues to unfold, eyes on SMAs Anti-fiat gold prices weakenedRead More →
Requiring that schoolchildren get vaccinated for COVID-19 “is a good idea,” Dr. Anthony Fauci said Sunday. While acknowledging that a vaccine mandate for kids would likely be controversial, President Joe Biden’s top pandemic adviser told CNN’s “State of the Union” that the benefits would far outweigh the risks. “IRead More →
AUD/USD picks up bids to extend Friday’s upside momentum. NSW reports another blockbuster daily covid count, NZ reports softer infections. Australia Company Gross Operating Profits jump 7.1% in Q2. Risk catalysts remain as the key amid a light calendar ahead of US session. AUD/USD extends Friday’s run-up, the biggestRead More →
The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing. Bitcoin corrects after logging itsRead More →
AUD/USD trims intraday losses, the second one in the weekly line. Australia Retail Sales drops more than initially expected in July. Market sentiment dwindles ahead of Fed Chair Powell’s Jackson Hole showdown. Aussie infections eased, technical advisory group recommends jabbing for 12 years and above. AUD/USD picks up bidsRead More →
Shoppers moved online in droves during the pandemic — and online prices moved upwards. “The COVID-19 pandemic reversed a predictable pattern in e-commerce, where consumers were generally able to purchase goods cheaper online. This reversal was the result of surging demand, supply chain constraints, and growth in categories that hadRead More →
Jim Cramer, the host of CNBC’s “Mad Money” has recommended buying Coinbase stock, and suggested that 5% of investment portfolios should be allocated to cryptocurrency. Cramer made the comments in the Lightning Round on Aug. 25 in response to a caller who asked whether buying Coinbase stock was aRead More →
The Ontario Securities Commission claimed Aux Cayes FinTech Company Limited, a legal entity in the Republic of Seychelles that operates crypto exchange OKEx, has failed to comply with the province’s law governing securities. In an Aug. 18 notice, the Ontario Securities Commission, or OSC, alleged that Aux Cayes mayRead More →
