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Tag: Cryptocurrencies

Crypto Market Falls As CFTC Opens Binance Investigation

Crypto Market Falls As CFTC Opens Binance Investigation

The Commodity Futures Trading Commission (CFTC) is reportedly investigating whether Binance allows Amletscans to buy derivatives. The cryptocurrency market experienced an instant crash after the announcement, with BNB taking the biggest hit, dropping 10%. The CFTC is also investigating the exchange on KYC regulations and more. The CFTC is investigating Binance on whether the crypto […]

Forex Today – Asian Session: ECB Takes a Subtle Hit to Rising Yields

Forex Today – Asian Session: ECB Takes a Subtle Hit to Rising Yields

What you need to know on Friday, March 12: The dollar fell as US Treasury yields rose. The yield on the 10-year bond fell to 1.47% and subsequently recovered, although the dollar remained under pressure. Wall Street soared, with the DJIA hitting new all-time highs and the S&P flirting with all-time highs. The Nasdaq added […]

Forex Today – Asian Session: The Calm Before The Storm?

Forex Today – Asian Session: The Calm Before The Storm?

What you need to know on Thursday, March 11: The dollar remained under slight pressure amid weak US government bond yields. The United States government auctioned 10-year notes at 1,523%, which were around 1.51% before the auction, down from Tuesday’s close at 1.55%. The dollar’s losses are modest compared to its latest gains. Weaker than […]

Forex Today – Asian Session: Dollar Gives, But Bulls Persist

Forex Today – Asian Session: Dollar Gives, But Bulls Persist

What you need to know on Wednesday, March 10: The dollar gave up some ground amid easing of US government bond yields. The yield on the benchmark 10-year Treasury closed around 1.54% after hitting 1.62%. A tight macroeconomic calendar exacerbated yield-related trading. Global stocks advanced, overshadowing demand for the US currency. The Nasdaq was the […]

Forex Today – Asian Session: Yields Back In The Spotlight

Forex Today – Asian Session: Yields Back In The Spotlight

What you need to know on Thursday, March 4: The dollar managed to regain some ground against most major rivals, advancing once again alongside government bond yields. In the mid-European morning, the headlines showed that the European Central Bank reportedly sees no need for drastic action to slow recent developments in the bond market, according […]

Forex Today – Asian Session: Dollar Down Along With Yields

Forex Today – Asian Session: Dollar Down Along With Yields

What you need to know on Wednesday, March 3: The US dollar lost its luster before the Wall Street open, falling against all of its major rivals. Stocks were mixed, but US Treasury yields fell and remained within familiar levels, cooling demand for the dollar. EUR / USD rallied towards the 1.2080 region, while GBP […]

Forex Today – Asian Session: Optimism From Stimulus, Coronavirus Concerns

Forex Today – Asian Session: Optimism From Stimulus, Coronavirus Concerns

What you need to know on Tuesday, March 2: Upbeat US data and better equity performance pushed the dollar higher against European rivals and lower against commodities. EUR / USD is trading below 1.2100 while GBP / USD was rejected from around 1.4000.The Australian dollar and the Canadian dollar advanced, even as commodity prices fell. […]

Judicial setback in New York to the cryptocurrency market with the veto of one of the main platforms

Judicial setback in New York to the cryptocurrency market with the veto of one of the main platforms

The cryptocurrency platform Bitfinex will cease operations in New York after a millionaire agreement with the State attorney general, which during the last two years has investigated the entity for allegedly making “false statements” about its support for the virtual currency Tether and “cover up” massive losses. According to the agreement disclosed this Tuesday by […]

Forex Today – Asian Session: Powell further pushed the dollar

Forex Today – Asian Session: Powell further pushed the dollar

What you need to know on Wednesday, February 24: The US dollar maintains its bitter tone in the currency market, but ended the day unevenly. It appreciated against the CHF, JPY and EUR, but fell against GBP, AUD and CAD, which reached new yearly highs against the dollar. Wall Street fell at the open amid […]

Forex Today – Asian Session: Dollar Accelerates Fall As Optimism Moves

Forex Today – Asian Session: Dollar Accelerates Fall As Optimism Moves

What you need to know on Tuesday, February 23: The US dollar fell against all of its major rivals amid renewed market optimism. The dollar balanced between gains and losses alongside Treasury yields, which hit new highs to date, falling sharply during US business hours. The British pound received a boost from British Prime Minister […]