The rally of shares of a Thai technology company, after revealing its expansion in Bitcoin mining, surprised even the president of the company itself. In particular, the share of Jasmine Technology Solution Pcl has been “launched” since the announcement of the plan in late July, although the project has not yet brought significant profits to […]
Tag: Cryptocurrencies
The three reasons the IMF is concerned about cryptocurrencies
The International Monetary Fund has repeatedly voiced its concerns about cryptocurrencies, especially since this emerging market is growing so rapidly but without regulating its regulatory framework. The total capitalization of all cryptocurrencies exceeded 2 trillion. dollars in September this year, an amount ten times the market value they had at the beginning of 2020, according […]
Forex Today – Asian Session: Risk Appetite Undermines Dollar Demand
What you need to know on Friday, December 24: The dollar fell amid positive market mood with all global indices posting daily gains. The exception was USD / JPY, as the pair rose and settled at 114.45, approaching its yearly high. Yields on US Treasuries advanced, with the 10-year yield currently hovering around its daily […]
The ‘oracles’ for Bitcoin: Is the biggest ‘bubble’ of all time popping or a new rally?
By Billy Bambrough The prices of Bitcoin and other cryptocurrencies have strengthened after the decision of the US Federal Reserve last week to tighten its monetary policy. Immediately after the announcement, the price of Bitcoin jumped to $ 50,000, while Ethereum also jumped – exceeding $ 4,000 – after Jerome Powell announced that the Federal […]
Turkey: Crypto trading boom in the shadow of the pound collapse
The number of transactions in cryptocurrencies in Turkey jumped again above the level of 1 million per day after the successive historical low of the pound, according to data collected by Reuters. Concerns over Turkey’s economic policy have led the Turkish currency to a total loss of almost 40% since September, prompting Turks to look […]
Major currencies fluctuate in familiar ranges as risk sentiment improves
This is what you need to know to trade today Tuesday, December 21: The US dollar capped its losses against its main rivals amid rising Treasury yields late Monday and appears to have entered a consolidation phase early Tuesday morning with the US Dollar DXY index moving sideways around from 96.50. November Canadian retail sales […]
Dollar Consolidates Losses As Investors Evaluate Central Bank Decisions
This is what you need to know to trade today Friday, December 17: The US dollar index (DXY) closed in negative territory on Thursday as the British pound and the euro rallied on the optimistic outlook from the Bank of England (BOE) and the European Central Bank (ECB). Before the weekend, the greenback is consolidating […]
The central bank marathon comes to an end
This is what you need to know to operate the Friday, December 17: Following the announcement by the US Federal Reserve on Wednesday, the Swiss National Bank, the Bank of England and the European Central Bank have announced their monetary policy decisions, and with the exception of the SNB, all of them announced tighter monetary […]
Crypto-bonds are coming: Three concerns for investors and monetary policy institutions
By Sean Stein Smith The announcement for $ 1 billion bond issue – with a significant portion of revenue used to buy Bitcoin – dominated the financial news of the previous days; however, at the same time, and given the growing turn to blockchain technology and cryptocurrencies, it raises concerns and questions that need to […]
Get ready to move with the Fed
What you need to know to operate this Wednesday, December 15: The greenback is rising against most of its main rivals, growing during trading hours in the United States due to the higher returns and weaker stocks. The United States released the PPI for November, which jumped to a record 9.6% year-on-year, well above the […]
