Bitcoin prices steady but can’t breach $3,500 mark

2019-02-05

Bitcoin prices were mostly unchanged on Tuesday, stuck in a tight trading range below $3,500. In afternoon trading, a single bitcoin BTCUSD, +0.21%  was fetching $3,453.77, up 0.2% since Monday’s level at 5 p.m. Eastern Time on the Kraken crypto exchange. The cryptocurrency has spent the past 48 hours tradingRead More →

Dollar starts the week stronger across the board

2019-02-04

The U.S. dollar strengthened against most of its major rivals Monday, shaking off last week’s weakness that followed the Federal Reserve’s dovish about-face. The ICE U.S. Dollar Index DXY, +0.26% which measures the greenback against six major rivals, was 0.3% higher at 95.853. Last week, the index dropped 0.2% inRead More →

Bitcoin holds firm after VanEck and SolidX pull ETF proposal

2019-01-24

Bitcoin prices were holding firm on Thursday, despite the withdrawal of a widely followed bitcoin-backed exchange-traded fund proposal. On Thursday, bitcoin, BTCUSD, +0.13%  the world’s largest digital currency, was changing hands at $3,583.06, up 0.5% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange. The ETF proposal byRead More →

Heavyweight U.K. banks weigh on FTSE 100

2019-01-22

The FTSE 100 struggled on Tuesday, as the London banking sector came under pressure after earnings from Swiss bank UBS Group AG fell short of analysts’ expectations. Energy stocks were also weaker as oil prices fell on continued concerns about global growth, most recently sparked by a warning from theRead More →

European markets drop as SocGen warns on Q4 revenues

2019-01-17

European indexes were in the red on Thursday, as French bank Société Générale SA announced it expected its fourth-quarter capital markets revenues to fall by around 20%. In the U.K., Prime Minister Theresa May has survived a no-confidence vote, freeing her to start cross-party discussions on finding a way forwardRead More →

After historic Brexit defeat — what’s next?

2019-01-15

U.K. Prime Minister Theresa May’s Brexit deal was soundly rejected in Parliament on Tuesday, leaving the country in a state of uncertainty about not only the future of its planned exit from the European Union, but possibly also about who will lead the British government. Here’s what could happen followingRead More →

British pound climbs as likelihood of Brexit delay rises

2019-01-11

The British pound strengthened against the U.S. dollar and the euro on Friday after U.K. newspaper The Evening Standard reported that a delay to the March 29 Brexit was becoming increasingly likely. While the idea of a Brexit delay was refuted by Prime Minister Theresa May’s government earlier this week,Read More →