Yellen says U.S. would take ‘additional actions’ to stabilize bank system if necessary
Treasury Secretary Janet Yellen delivered an important message to lawmakers on Thursday, stating that the federal government is prepared to take additional steps to stabilize the U.S. banking system if necessary. Yellen discussed the importance of using tools to prevent economic contagion, which may have negative impacts on individuals, businesses, and the broader economy. As […]
Crypto Advocate Sees ‘Silver Lining’ for the Industry in SEC’s Warning to Coinbase
The U.S. Securities and Exchange Commission (SEC) recently issued a Wells notice to Coinbase, the leading U.S. cryptocurrency exchange, for allegedly selling unregistered securities. This pending enforcement action has sparked discussion within the crypto industry about the need for clearer regulations and the potential impact on the industry. Brett Quick, head of government affairs at […]
Gold offers solid protection against geopolitical tension – SocGen
The US dollar’s dominance has been challenged in recent years due to geopolitical events. The process of de-dollarisation is gaining momentum, and many experts predict that it will benefit the price of gold. Société Générale economists have reported that the trend is likely to continue, spurred on by high tensions and the Russian-Ukrainian conflict. Central […]
Grand jury in Trump hush-money payment probe won’t act Thursday: reports
The Manhattan grand jury investigating former President Donald Trump’s involvement in paying hush money to a porn star won’t take any action today, according to recent reports. It’s been revealed that the grand jury will not be hearing testimony or voting on the case today. As per usual, the jury does not sit on Fridays, […]
FLOKI to Be Listed on Another Top Exchange, Here’s What’s Happening to Floki Inu Price
The Floki Inu crypto coin continues to make waves in the crypto market as it gains new listings on major exchanges. Recently, BitForex, the 26th ranked exchange on CoinMarketCap, announced that it will list FLOKI on its platform, effectively exposing it to six million users in over 200 countries worldwide. The listing is set to […]
Coinbase Shares Fall 11% in Premarket as SEC Action Looms
Coinbase Shares Fall 11% in Premarket as SEC Action Looms Coinbase, one of the world’s largest cryptocurrency exchanges, saw its shares fall by more than 10% in Tuesday after-hours trading and an additional 11% in pre-market trading on Wednesday after receiving a Wells notice from the US Securities and Exchange Commission (SEC). The announcement has […]
The 11.00 level should be an important support near term – SocGen
The Euro vs. Norwegian Krone (EUR/NOK) pair has been showing a bearish trend in recent days, as its value slid towards the 11.20 mark. However, economists at Société Générale predict that the 11.00 level should act as a floor for this pair. In this article, we will delve into the factors that may impact the […]
The Fed’s tightening cycle is nearing an end – RBC Economics
On Wednesday, March 21, the Federal Reserve announced a 25 basis point hike in its benchmark interest rate, bringing it to a range of 1.50-1.75%. While this move was largely expected, it followed weeks of market volatility and uncertainty regarding just how many rate hikes will come this year. Despite the hike, the tone of […]
Ethereum Lodestar Launches Groundbreaking V1.6.0, Streamlines Remote Monitoring
Ethereum Lodestar has recently launched its groundbreaking version 1.6.0 that streamlines remote monitoring of client applications via a remote server. The new feature is an exciting development for users as it saves them time and effort. With remote monitoring, they can keep a close eye on their client applications even when they are away from […]
FX option expiries for Mar 23 NY cut
Foreign exchange (FX) option expiries for the 23rd of March at 10:00 Eastern Time have been released by the Depository Trust & Clearing Corporation (DTCC) and are shown below. These figures represent the potential impact that options trades may have on FX spot rates as they near expiration. EUR/USD Option Expiries: • 1.0650-52: EUR 848 […]