Nasdaq beats profit estimates on trading strength By Reuters

Nasdaq beats profit estimates on trading strength By Reuters

2021-07-21

  © Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton (Reuters) – Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit on Wednesday, boosted by strength in its trading business asRead More →

Remains vulnerable to slide further

Remains vulnerable to slide further

2021-07-21

  A modest USD profit-taking assisted GBP/USD to reverse an intraday dip to sub-1.3600 levels. Acceptance below 200-day SMA might have already set the stage for a further near-term decline. Any attempted recovery move is more likely to remain capped near the 1.3700 round-figure mark. The GBP/USD pair once againRead More →

Didi spurned Chinese regulators, who wanted to delay its U.S. IPO

Didi spurned Chinese regulators, who wanted to delay its U.S. IPO

2021-07-05

  Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →

XAU/USD To Gain on Dovish Fed Speeches

XAU/USD To Gain on Dovish Fed Speeches

2021-06-22

  Key Talking Points: Gold acts as a hedge for central bank inaction XAU/USD nearing key area of support Gold (XAU/USD) has been unable to hold bullish momentum going into Tuesday’s session after recovering from the worst drop since August 2020 last week. The Fed’s acknowledgment regarding inflationary pressures hasRead More →

China’s crackdown means Bitcoin is working, says crypto miner

China’s crackdown means Bitcoin is working, says crypto miner

2021-06-22

  China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.” Brandon Arvanaghi, a former security engineer at crypto exchange Gemini, compared China’s harsh stanceRead More →

How Central Banks Impact the Forex Market

How Central Banks Impact the Forex Market

2021-06-14

  The role of central banks in the forex market Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line withRead More →

As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’

As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’

2021-06-08

  The U.S. Securities and Exchange Commission warned Monday that it is closely monitoring frenetic moves in the stock market, amid the stratospheric surge in values of meme stocks AMC Entertainment and GameStop Corp. “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocksRead More →

Bitcoin price nears K as estimates reveal K support floor

Bitcoin price nears $30K as estimates reveal $19K support floor

2021-06-08

  Bitcoin (BTC) edged closer to the significant $30,000 support on June 8 amid predictions that a major crypto correction was imminent. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls line up to protect $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making repeated lower lows on short timeframesRead More →

Demystifying the Top Cryptocurrency Jargon

Demystifying the Top Cryptocurrency Jargon

2021-06-08

  Cryptocurrency investing can be daunting for many potential investors with complex systems and theory unfamiliar to many. The language employed by the cryptocurrency community is just as terrifying with words seemingly plucked out of thin air. The list below highlights the latest terms used within the cryptocurrency space thatRead More →

The first central bank-backed digital currency

The first central bank-backed digital currency

2021-06-03

  In the digital era, popular trends spread like wildfire and the blockchain-enabled digital currency mania appears to be reaching critical mass. At some point in the near future, the People’s Republic of China (PBOC) will be launching a new “digital yuan”—basically an online version of its existing currency (i.e.Read More →