Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23. Dubbed the Multiple Central Bank Digital Currency Bridge — or m-CBDC — the project sees the Hong Kong Monetary Authority, the Bank of Thailand,Read More →
By Aishwarya Venugopal and Melissa Fares (Reuters) – Macy’s Inc (NYSE:) forecast 2021 sales largely above Wall Street estimates on Tuesday as the retailer bets on its growing online business and on the COVID-19 vaccine rollouts allowing customers to return to its department stores after pandemic curbs. The upbeat outlookRead More →
USD/JPY staged a goodish rebound from sub-105.00 levels amid resurgent USD demand. The set-up favours bullish traders and supports prospects for additional near-term gains. A move towards the 105.70 region, en-route the 106.00 mark, looks a distinct possibility. The USD/JPY pair showed some resilience below the key 105.00 psychologicalRead More →
The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21. BTC/USDT 4-hour price chart (Binance). Source: TradingView.com Why didRead More →
SINGAPORE/NEW YORK (Reuters) – hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday. The world’s most popular cryptocurrency rose to a record $57,553, taking its weekly gain to around 20%. It has surged nearly 100% this year. Bitcoin’s gainsRead More →
S&P 500 Futures regain 3,900, up 0.20% intraday, to rise for the first time in a week. US 10-year Treasury yields jump to the fresh high since February 2020. Comments from Chinese diplomat join virus, vaccine optimism to back the mood amid a light calendar. Risk-on mood gains momentumRead More →
The family of a 20-year-old trader who killed himself after seeing a massive negative balance in his account sued online brokerage Robinhood for wrongful death on Monday. The parents and sister of Alex Kearns said Robinhood preys on inexperienced traders and that the company’s “misleading communications” caused him toRead More →
The world’s largest cryptocurrency exchange, Binance, has dropped its defamation lawsuit against news publication Forbes and two of its journalists, according to official court documents. Binance Holdings filed a lawsuit against Forbes, along with journalists Michael Del Castillo and Jason Brett in November, following an article that alleged BinanceRead More →
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar was firmly pinned at a one-week low on Tuesday as an overnight slide in U.S. Treasury yields raised doubts on the outlook for the greenbackRead More →
The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
Meme-based cryptocurrency Dogecoin (DOGE) gained 25% in minutes on Feb. 4 after a fresh endorsement from the world’s richest man. DOGE/USD 1-minute candle chart (Bittrex). Source: TradingView DOGE in new “Elon pump” Data from Cointelegraph Markets and TradingView showed DOGE/USD rebound past $0.05 per token on Thursday, edging towardsRead More →
GBP/USD Price Analysis & News BoE Says Negative Rates Are Not Coming, GBP/USD Jumps BoE optimistic on Growth Outlook Inflation expected to rise sharply towards 2% in Spring BOTTOM LINE: Bank of England left policy unchanged as expected, with the bank rate remaining at 0.1% and APF target atRead More →
Gold and Bitcoin supporters are likely to keep arguing with each other as both gold advocates and Bitcoin maximalist stick to their own school of thought. Recently, MicroStrategy CEO, Michael Saylor predicted that in the future, investors are more likely to opt for Bitcoin over the yellow metal. In anRead More →
Apple Inc. attracted more than $33 billion worth of orders for its new $14 billion debt deal on Monday, underscoring the continued scramble for all things tied to the smartphone and computer giant. The six-tranche Apple AAPL, +1.65% debt deal included mostly bonds rated Aa1 and AA+ that matureRead More →
Bitcoin (BTC) may have traded sideways for much of last month thanks to Grayscale, but the status quo will soon change. According to data from on-chain analytics resource CryptoQuant, the price premium of the Grayscale Bitcoin Trust (GBTC) just hit its lowest since April 2019. Grayscale lock-up ends WednesdayRead More →
© Reuters. FILE PHOTO: The welcome screen for the Robinhood App is displayed on a screen By Imani Moise and Medha Singh (Reuters) – James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September. He was hesitant aboutRead More →
A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
Dogecoin (DOGE) is up 80% in a day and trading volume has spiked more than 800% as the altcoin sees a publicity surge with a familiar source. DOGE/USD 1-day candle chart (Binance). Source: Tradingview DOGE to $1? Data from Cointelegraph Markets, CoinMarketCap and Tradingview showed a transformation taking place inRead More →
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink’s price has risen substantially through the course of 2021. In the past week alone, the cryptocurrency saw its price hike by close to 8 percent in aRead More →
© Reuters. FILE PHOTO: Reporters raise their hands for a question during a Toshiba news conference at the company headquarters in Tokyo TOKYO (Reuters) – The Tokyo Stock Exchange approved on Friday Toshiba (OTC:) Corp’s return to the bourse’s first section amid calls from some shareholders for better governanceRead More →
Canadian Dollar Fundamental Forecast: Neutral What are the top trading opportunities this year? The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor TiffRead More →
Ether (ETH), the largest altcoin by market cap, finally reached new all-time highs against the U.S. dollar on Jan. 19. ETH/USD 1-hour candle chart (Bitstamp). Source: Tradingview Ether price is back after 3 years Data from Cointelegraph Markets and TradingView showed ETH/USD beat its existing record during Tuesday trading, passingRead More →
Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose to a new all-time high. The result of Bitcoin’s price appreciation and the rising open interest on BTC optionsRead More →
© Reuters. FILE PHOTO: A U.S. Dollar banknote By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar held firm at a four-week high against its rivals on Monday as an undercurrent of risk aversion swept through currency markets in the backdrop of weak U.S. economic data, knocking the AustralianRead More →
President Donald Trump plans to pardon or commute the sentences of around 100 people Tuesday, according to reports Sunday night. CNN first reported the plans, and said White House officials met Sunday night to finalize the list. Axios separately confirmed the report. The actions are expected to include white-collarRead More →
