What you need to know on Friday, May 28: The financial markets are in a better mood. It is said that the President of the United States, Joe Bide, will propose a budget of 6 trillion to invest in infrastructure, education, health care and more. Meanwhile, Senate Republicans revealed a $ 928 billion infrastructure investment […]
Tag: Cryptocurrencies
PayPal Expands Operations to Allow Users to Send Bitcoin to Cryptocurrency Exchanges
PayPal and its subsidiary Venmo would allow customers to withdraw their cryptocurrency holdings to third-party platforms soon. The new capacity would allow users to send Bitcoin not only to each other, but also to cryptocurrency exchanges. The payments company believes that this move would allow digital currencies to be more useful. PayPal revealed that soon […]
Forex Today – Asian Session: Market Participants Begin To Believe In US Lawmakers
What you need to know on Thursday, May 27: The US dollar was lower at the start of the day, but ended up with gains against most of its main rivals. Stocks ranged between gains and losses while U.S. government bond yields remained low, somehow indicating that speculative interest is finally taking note of comments […]
No respite for the dollar
This is what you need to know to trade today Wednesday, May 26 at the Asian session: It was another bad day for the dollar, although it remained within the familiar levels against most of the main rivals. EUR and GOLD were the best performers, as EUR / USD hit a high of 1.2266, its […]
Forex Today – Asian Session: Dollar Keeps Pushing, Catalysts Missing
What you need to know on Tuesday, May 25: The week started in slow motion, but the dollar remained the weakest currency in the forex market. It started the day progressing modestly, but demand waned as the day wore on, as US government bond yields The 10-year US Treasury yield bottomed out at 1.59% and […]
Forex Today – Asian Session: The Dollar Keeps Dancing to the Rhythm of Yields
What you need to know on Friday, May 21: The dollar returned the ground it gained after the FOMC Minutes, ending Thursday down against all of its major rivals. Government bond yields fell as investors took in the latest announcement from the Federal Reserve. The yield on the benchmark 10-year Treasury bond fell to 1.627% […]
JPMorgan Suggests Institutions Trade Bitcoin For Gold After BTC Crash
As the price of Bitcoin fell to lows in early 2021, analysts at JPMorgan are taking a bearish stance on the leading cryptocurrency. The investment bank suggested that institutional investors are ditching the BTC market for gold. Analysts believe that the pioneering cryptocurrency is still on track to hit $ 140,000 in the long term. […]
Wells Fargo to implement cryptocurrency strategy as attractive hedging option
Wells Fargo Investment Institute has been digging deeper into research to offer reliable and secure cryptocurrency investment products for its clients. The president of the company suggested that the cryptocurrency industry could be evolving towards a more mature market. The prices of Bitcoin and Altcoins differ from traditional markets in the long term and could […]
Cryptocurrencies Rise Again, Fed’s First Hint Backing the Dollar
This is what you need to know to trade today Thursday May 20: Cryptocurrencies are rebounding after Wednesday’s scourge that had broader implications. The dollar is holding on to most of its gains after the Fed dropped the first hint in cutting its easing program. US unemployment claims and central bank speeches are in the […]
Forex Today – Asian Session: Yields, the Fed and the Dollar
What you need to know on Thursday, May 20: The dollar was up across the board, ending the day with gains against most major rivals. The FOMC published the minutes of its last meeting and, while the document showed that officials maintain their cautious stance, some of them are willing to discuss the gradual reduction […]
