One of the world’s largest crypto exchanges says it’s still profitable ‘even in this bear market’
Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said. Last year saw the prices of major virtual currencies plunge dramatically. Bitcoin, the most valuable crypto, is down...
Japan & Germany Avoided Recession, Trade Talk Optimism, Yen Pressured
Australian and New Zealand Dollar are the strongest ones for today so far as the forex markets seem to be cheering positive developments in US-China trade negotiations. The idea of 60-day extension to trade truce is certainly welcomed given the...
Gold Buyers Should Appear Soon
Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double three Elliott Wave...
Dollar Rises On Inflation And Trade Optimism
The US dollar is higher against most major pairs on Wednesday. The New Zealand dollar is the outlier as it appreciated 0.91 percent after the Reserve Bank of New Zealand (RBNZ) kept rates unchanged as expected at 1.75 percent on...
Tesla is not ‘quite out of the woods yet,’ says Morgan Stanley’s Adam Jonas
Tesla has made progress reducing its cash burn but the electric-car maker is not “quite out of the woods yet,” Morgan Stanley’s Adam Jonas told CNBC on Wednesday. The auto analyst expects Tesla to burn about $600 million, possibly as...
Trump will get the weak dollar he likes from a China trade deal but not if he goes after Europe
A trade deal with China could stop the dollar’s rise, but it may not stay down if President Donald Trump then turns his focus to tariffs on European cars. U.S. trade negotiators are in China this week, and stocks and...
DXY: What’s Next for the Dollar?
Despite the Federal Reserve dropping its hawkish bias, the US dollar has been quite resilient. The closely-watched Dollar Index rose for the eighth consecutive day until yesterday when it was hit by profit-taking, before rebounding again today. There are several...
Gold Edges Higher Despite Stronger Risk Appetite
Gold has edged higher in the Wednesday session, continuing the trend seen on Tuesday. In North American trade, the spot price for one ounce of gold is $1313.54, up 0.20% on the day. In the U.S., CPI ticked up to...
Pound Yawns as British CPI Slips Below 2.0%
GBP/USD is almost unchanged in the Wednesday session. In North American trade, the pair is trading at 1.2882, down 0.10% on the day. On the release front, inflation levels were soft on both sides of the pond. In the U.K.,...
NZDJPY Jumps Higher But Capped By Upper Bollinger Band
NZDJPY is looking strongly bullish in the short term after surging above its daily moving averages (MA) on Wednesday. Prices hit a one-week high of 75.79 and the technical indicators are all pointing to further positive momentum in the near...
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