GBP/USD bears in the market on safe haven US Dollar buying on Credit Suisse risk
The global banking system is experiencing renewed unease as Credit Suisse’s largest investor announced their inability to provide the Swiss bank with more financial assistance. While Credit Suisse’s CEO, Ulrich Koerner, reassured investors that the bank’s liquidity base remained strong and was well above all regulatory requirements, analysts remain concerned that this is the tip of the […]
Salesforce Rolls Out Platform for Big Brands to Create NFT Loyalty Programs
Salesforce has launched a new NFT management platform called Salesforce Web3, designed to help its clients create token-based loyalty programs. With Salesforce Web3, businesses can mint and sell NFTs, monitor blockchain activity, and view real-time customer data. The platform was launched today with subscription tiers, following a pilot program that involved 257,000 transactions with clients […]
Stocks trim losses after report Credit Suisse, Swiss authorities hold talks
U.S. Stocks Rise After Reports of Talks Between Swiss Authorities and Credit Suisse On Wednesday, U.S. stocks saw a sharp decline before recovering in the afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled lender. According to Bloomberg, the discussions involved CS leaders and government officials and […]
USD Index to retest 100.82 YTD low on a break below 102.59 – Credit Suisse
The United States dollar index (DXY) has been facing a major roadblock as it has been capped at the 200-Day Moving Average (DMA) and the 38.2% retracement of its fall from October at 106.15/62. According to economists at Credit Suisse, there are predictions for a retest of the 100.82 YTD low. The DXY has been […]
Credit Suisse fallout upsets Fed rate-hike expectations, with full percentage point of cuts seen by year-end
The recent collapse of Silicon Valley Bank and Signature Bank, followed by troubles faced by Switzerland’s Credit Suisse, has sent shockwaves throughout the financial world. Traders and investors are worried about the possibility of a new global financial crisis, similar to the one that occurred in 2008. This has led to increased expectations of a […]
El Salvador Ranks High in Bitcoin Interest, President Faces Criticism
El Salvador Emerges as a Global Bitcoin Leader Despite Criticism El Salvador has emerged as a major player in the world of Bitcoin, ranking second in a recent study that analyzed the interest of countries in cryptocurrency. The report by Crypto Betting found that El Salvador scored a respectable 46.19 out of 100, putting it […]
Move below 1.0463 would mark a significant downturn – Credit Suisse
EUR/USD Needs to Break Above 1.0806 to Reassert Upward Bias Eurozone economies have shown resilience in economic performance despite the ongoing wave of Covid-19 infections. The German government upgraded its growth forecast, projecting a 3% GDP increase for 2021. In November last year, the projections were 1.8%. Furthermore, the European Central Bank (ECB) President, Christine […]
Roivant’s stock rallies on new data for dermatitis drug
Roivant Sciences Ltd.’s share prices rose to approximately 6% after the company announced the success of its Phase 3 clinical trial for its experimental atopic dermatitis treatment. This cream, called Vtama, is being tested for its effectiveness in treating this disorder in both adults and children who are over 2 years old. The company stated […]
Paxful Founder Says The Bitcoin Pump To $26,000 Is Weak
Paxful Founder Says The Bitcoin Pump To $26,000 Is Weak Despite the banking crisis in the United States and the latest inflation data, Bitcoin surged this week, reaching a nine-month high above $26,000. However, Paxful founder, Ray Youssef, remains doubtful of the uptrend. In a tweet on March 15, he said the recent BTC leg […]
Oatly stock soars after revenue rises above expectations, $425 million in financing secured
Oatly Group AB OTLY has reported a better-than-expected fourth-quarter revenue, providing an optimistic outlook for its margins. In addition, the Sweden-based oat-based drink company confirmed that it has entered into transactions for $425 million in financing, both of which have helped bolster investor confidence. In pre-market trading on Wednesday, the U.S.-listed shares of Oatly Group […]