USD Gains As Yields Rise
The USD tended to gain against a number of its counterparts yesterday, while US stockmarkets displayed sharp drops as USD enjoyed safe haven inflows and USD buyers were also encouraged by the rise of the US yields. Its characteristic of...
Britain should overhaul listings to boost its $15 billion fintech sector post-Brexit, review says
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — The U.K. should reform listings rules and visa applications to help its £11 billion ($15.3 billion) fintech sector thrive after...
Gold Downtrend Continuing Towards 1720 Zone
As expected, Gold has made the move lower to 1755 zone. The downtrend is expected to continue towards 1720. If the market makes a pullback to the 78.6-88.6 zone we should see another leg of selling. We can also see...
Yields Up, Stocks Down, Dollar and Yen Rebound
US stocks suffered steep selling overnight on sharp rally in treasury yields, and the selloff carried forward to Asian markets. Yen and Dollar ride on the turn in risk sentiments and rebounded, together with Dollar. Australian and New Zealand are...
Market Morning Briefing: Dollar-Yen Has Dipped Slightly From 106.40/43 Levels
STOCKS Equities seem to be coming under pressure. The resistance at 32000 on the Dow is holding well and a fall below 32000 can give an early sign of a reversal. DAX is struggling to breach 14000 decisively and looks...
Coinbase’s crypto holdings jumped ninefold last year to over $300 million as bitcoin surged
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase isn’t just enabling the trading of a bunch of bitcoin – it’s holding cryptocurrencies on its books. In the company’s prospectus...
Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000 new claims for the week ended Feb. 20, the Department of Labor reported. The unemployment rate has also been falling,...
Australian Dollar Flirting with 80
The Australian dollar has posted slight gains on Thursday. Currently, AUD/USD is trading at 0.7976, up 0.011% on the day. Australian dollar crosses into 80 territory The Australian dollar has been on a tear, racking up gains of 4.3% in...
With Powell Out the Way, Dollar Turns to Data Barrage
The testimonies by Fed chief Powell before Congress confirmed the central bank won’t overreact to any inflation episode but didn’t reveal anything new. The spotlight now falls on the next batch of US data at 13:30 GMT Friday. The dollar...
Powell is Head and Shoulders above the Rest: DXY, EUR/USD
Fed Chairman Jerome Powell continued with his dovish rhetoric yesterday when he testified on day 2 regarding Monetary Policy in front of Congress. The theme from the Federal Reserve is that they are in no hurry to raise interest rates...
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