Bitcoin, which has returned to the $ 31,000 mark, is trading higher than 5% against the backdrop of the generally stronger risk-taking mood in global markets in recent days, which seems to be strengthening further after the lifting of some of the restrictions in China. In particular, the largest cryptocurrency in capitalization is currently up […]
Tag: Cryptocurrencies
JPMorgan: An important opportunity for bitcoin after the dive
The recent dip in Bitcoin has brought the popular digital currency far below its “fair value”, giving it significant room for growth, JPMorgan Chase said in a note this week. In particular, according to the bank, bitcoin is undervalued by 28%, while JPMorgan sets the target price at $ 38,000 for the cryptocurrency flagship, which […]
Forex Today – Asian Session: Risk Appetite Flows Weighed on the Dollar
What to watch for on Friday, May 27: The US dollar attempted a modest recovery early on Thursday but ended the day with losses against most major rivals. Weak US data and a rally in equities helped safer rivals. The second estimate of US Q1 Gross Domestic Product growth was revised down to -1.5%, worse […]
Forex Today: Markets turn cautious as they focus on key US data.
This is what you need to know to trade today Thursday May 26: Markets appear to have turned cautious early on Thursday ahead of the release of key US data. The dollar index is trading in a relatively tight range above 102.00 after Wednesday’s bounce and US stock index futures are down 0.3-0.7% in early […]
Turkey is drafting a bill to increase control over the cryptocurrency market
Turkey is working on a bill that would introduce greater control over the cryptocurrency market and possibly impose a tax on certain transactions involving digital assets, according to two officials, according to Bloomberg. Turkish President Recep Tayyip Erdogan’s ruling AK Party is expected to submit bills to parliament in the coming weeks setting new rules […]
Forex Today: The dollar is affected by a not so aggressive Fed
What you need to know to operate this Thursday May 26: The greenback tried to recover ground, but clipped its advance during US trading hours. The FOMC Minutes showed that all members supported the balance sheet reduction plans, while some added that once the reduction was well under way, it would be wise to consider […]
Forex Today: Dollar remains resilient ahead of key US data and FOMC Minutes
This is what you need to know to trade today Wednesday May 25: Pressured by falling US Treasury yields, the greenback continued to weaken against its rivals on Tuesday. However, the market’s risk-averse environment helped the dollar index limit its losses. Early on Wednesday, the dollar is holding firm against its main rivals, pending April […]
The ECB wants immediate regulation of cryptocurrencies
By Leonidas Stergiou After the great spread of cryptocurrencies in the pandemic year 2020, their capitalization increased sevenfold in 2021, reaching 2.5 trillion. euro. At the same time, the creation of new cryptocurrencies is rapid, with 16 widespread in the Eurozone, with Bitcoin and Ether dominating. According to a study by the ECB, which is […]
Forex Today – Asian Session: Dollar Remains Bearish
What to watch for on Wednesday, May 25: The US dollar remained weak on Tuesday, despite a sour market mood. The EUR/USD pair surged past 1.0700 as ECB officials promised a 50 basis point rate hike. The GBP/USD pair, however, fell after softer-than-expected local data and ended the day at the 1.2520 area. S&P Global […]
ECB alarm for cryptocurrencies
By Leonidas Stergiou The ECB is sounding the alarm about the rapid spread of cryptocurrencies in the Eurozone to the extent that they now threaten the financial stability of the system in the Financial Stability Report, which will be published in its entirety tomorrow. According to the report, the direct and indirect exposure of the […]
