Another range-bound week for the Dollar – ING
FX markets opened steadily this week, with the Dollar showing no significant movement. The market appeared emboldened by the strong performance of equities towards the end of last week and unfazed by the slightly lower-than-expected growth target set by China. According to economists at ING, a Dutch multinational banking and financial services corporation, the Dollar […]
Stellar Lumen (XLM) Price Accelerated Losses As Bears Take Control
Stellar Lumen (XLM) Price Accelerated Losses as Bears Take Control Stellar Lumen (XLM) is a decentralized payment platform that is powered by its native digital currency called lumens. The platform enables fast and cheap cross-border payments, making it a popular choice for individuals and businesses alike. However, the cryptocurrency market has been in a slump […]
FX option expiries for Mar 6 NY cut
International trade and currency exchange are the pillars of the global economy, and the foreign exchange (FX) market is where these activities are conducted on a daily basis. As a result, FX options trading has become an essential tool for businesses to mitigate currency exchange risks and increase their profitability. In this article, we will […]
France to tighten digital asset laws as MiCA looms
French lawmakers have voted for new proposed laws that establish a stricter regulation regime for digital assets. The new laws require virtual asset service providers (VASPs) to maintain robust cybersecurity, anti-money laundering, and asset segregation programs, but is a let-off from the initial proposed regulatory regime. Reports of the new laws surfaced two weeks ago, […]
China’s NDRC: Economy steadily improving
The Vice Chair of China’s National Development and Reform Commission (NDRC) has recently released a statement regarding the country’s economy, stating that it is steadily improving. In addition to this statement, he also commented on other factors that may impact the economy in the near future, such as real estate, finance, and local government debt. […]
6.8951 from the previous fix of 6.9117
On Wednesday, the People’s Bank of China (PBOC) set the yuan’s daily midpoint fix at 6.8951 from the previous fix of 6.9117, which represents a stronger yuan than the prior close of 6.9015. This move may signal that China intends to utilize its currency as a tool in its ongoing trade dispute with the United […]
User-Generated Content Can Stabilize Digital Economies, Says ‘Snow Crash’ Author
User-Generated Content Can Stabilize Digital Economies, Says ‘Snow Crash’ Author Neal Stephenson’s 1992 novel, “Snow Crash,” is widely regarded as one of the most formative texts in Web3. It introduced the term “metaverse” to popular culture and predicted many of the developments we see today in the world of digital assets. However, while the novel […]