If you’ve been following the entire cryptocurrency saga – you might have noticed that the rock-star of cryptocurrencies experienced a significant drop. We saw bitcoin floundering around the $10,000 mark yesterday and slightly recovering today to $11,273.65 (indicative price at the time of writing),...
Danske Research discusses the EUR outlook in light of revising higher its EUR yield and rates forecast."We have now pencilled in somewhat higher 10Y EUR and USD rates and yields (Germany) on a 12M horizon. We now expect the 10Y EUR swap rate to...
Worries about a crackdown by global regulators on cryptocurrency trading could slow the pace of bitcoin’s rise but should not threaten its existence, investors and market participants at a cryptocurrency conference said on Thursday.At the North American Bitcoin Conference in Miami, investors and executives...
Talking Points:S&P 500 puts in bearish gap-and-trap to start the week’s trading. But then quickly took it back, volatility on the up-tick. Short-term chart (hourly) has a couple of developments worthy of watching.The week started with a strong gap on Tuesday following an extended...
The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.Legislation to stave off an imminent federal government shutdown encountered obstacles...
British shop sales slid by much more than expected in December, capping off the weakest year for retail since 2013 as consumers squeezed by high inflation continued to keep a tight grip on spending. Retail sales volumes dropped 1.5 percent from November, the Office for National Statistics said, well below economists’ forecasts in a Reuters [...]
Netflix is due to report fourth quarter earnings after the closing bell on Monday, January 22nd.After a market-beating rally over the last year and a price-to-earnings ratio that is eye-wateringly high, what’s in store this time?Zacks estimates place earnings per share (EPS) at 41...
Here are the latest developments in global markets:FOREX: The US dollar index was marginally lower on Friday, after also trading lower yesterday, even though yields on longer-term US Treasuries were on the rise.STOCKS: Asian markets were in a sea of green today. Japan’s Nikkei 225 and Topix...
It’s been a rollercoaster week for US markets with intraday moves of 300-400 point in a day on the Dow, setting new record highs into the bargain and having seen such a strong rally on Wednesday, we gave some of that back yesterday after failing...
The dramatic plunge in Bitcoin and other cryptocurrencies over the past two days erased almost $300 billion dollars in total market cap. Investors who bought Bitcoin around its peak of $20,000 would have suffered the most as the price fell below $10,000 on Wednesday....