Break above 1.0800 essential to affirm an extended up move – SocGen
The EUR/USD currency pair has experienced some recent rebounds that have led to excitement in the market. However, according to economists at Société Générale, a move above 1.08 is needed to trigger another leg higher. The current support level for the currency pair is at 1.0520, while the resistance is at 1.0800. If the pair […]
European Central Bank delivers half-point hike to interest rates
The European Central Bank (ECB) has recently announced an interest rate hike of 50 basis points or half a percentage point. Despite concerns about the potential consequences of this decision, such as potential risks to eurozone banks due to the recent difficulties of Swiss lender Credit Suisse, the ECB remains determined to pursue its goal […]
Binance Coin (BNB) Price Soars Above $300, Is Next Stop $400?
Binance Coin (BNB) Price Soars Above $300, Is Next Stop $400? Binance Coin (BNB) has been making headlines lately as its price continues to soar, reaching above $300, an increase of over 1600% this year alone. The cryptocurrency, which is the native coin of the popular exchange Binance, has seen a surge in demand and […]
TE Connectivity expects to see $250 million in restructuring charges this fiscal year
TE Connectivity Ltd. (TEL), a sensor company that specializes in industrial, transportation, and communication solutions, recently announced that it would undergo restructuring in order to minimize costs. The company’s board of directors has approved the plan, which will see major changes across several segments. According to a statement given by the company, it expects to […]
USD Index could rally wrongly if financial conditions deteriorate further – ING
The US Dollar Index experienced a rise of more than 1% on Wednesday which led to a technical correction and negative trading territory. Economists at ING have reported that the confidence crisis may spark the wrong kind of Dollar rally. Another nervous day in FX markets is expected as investors hold onto defensive trades such […]
Credit Suisse shares jump after saying it will borrow from SNB and buy back debt
Credit Suisse Shares Surge 32% in Response to Plan to Tap Central Bank The announcement that Credit Suisse will tap its central bank for 50 billion francs ($54 billion) and launch an offer to buy beaten-up debt has resulted in a surge in its shares of up to 32% in opening trade in Switzerland. While […]
Auto-Burn and Auto-withdraw Options May Come to Terra Classic Staking
A recent proposal has been submitted to introduce the auto-burn and auto-withdraw option for staking on Terra Station, which may soon be available for Terra Classic (LUNC). By enabling these features, users will be able to burn their staking rewards at set intervals such as daily, weekly, monthly or yearly. This proposal seeks to automate […]
Willing to discuss basic issues that concern Australian-Sino trade
China’s Commerce Ministry spokesperson, Shu Jueting, has stated that China is willing to discuss issues concerning both nations in regards to the import of beef and barley from Australia. This statement came after Australia expressed concerns over China’s import restrictions on these products, which were implemented in May 2020, and their impact on the Australian […]
Robinhood COO Gretchen Howard to retire
Robinhood Markets Inc., the popular US-based trading platform, recently announced that its Chief Operating Officer (COO), Gretchen Howard, will be stepping down from the company at the end of the year. The news was revealed in a regulatory filing submitted to the Securities and Exchange Commission (SEC) on Wednesday evening. Howard, who has been with […]
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal
The Supreme Court of Appeal (SCA) in South Africa has rejected the former Monero lead maintainer Riccardo Spagni’s bid to declare his extradition process from the United States to South Africa illegal. The court argued that Spagni did not present sufficient grounds to void the extradition process. Spagni, a controversial figure in the cryptocurrency community, […]