A move all the way to the 0.9411 lows is on the cards – Credit Suisse
EUR/CHF Breaks Key Support at 0.9837/16, Credit Suisse Analysts Warn of Substantial Drop to 0.9411 Lows The euro-to-Swiss franc (EUR/CHF) currency pair has been experiencing significant volatility lately. According to the latest report from Credit Suisse, EUR/CHF has broken a key support level at 0.9837/16. Analysts warn that the pair could suffer a substantial drop […]
Government bonds held at banks may be so-called ‘toxic asset’ of next financial crisis, fund manager says
The sudden collapse of two regional banks in less than a week has reignited fears of a financial crisis in the United States. If this risk materializes, government bonds could become the “toxic asset” at the center of the crisis. European investment manager Eric Sturdza Investments, which manages $1.3 billion across eight funds, is predicting […]
Dogecoin (DOGE) Bulls Set to Take Control After Big Slump
Dogecoin (DOGE) Bulls Could Take Control After Recent Slump Dogecoin (DOGE) had a difficult month, losing around 25% of its value in February. Nevertheless, the DOGE community is hopeful for a rebound, as network activity has been showing some promising signs. The question is whether these developments are enough to spur bullish sentiment and potentially […]
EUR/USD could head up to the 1.08 area should equities settle down a little – ING
EUR/USD Reaches New Highs, Could Test 1.08 Level The fluctuating world of currency exchange continues as the EUR/USD pair reaches a fresh multi-week high of 1.0760. This is thanks to the euro gaining strength against the weakened US dollar. While the world economy is still recovering from the effects of the COVID-19 pandemic, the pairing […]
SEC penalizes DXC Technology following accusations of ‘misleading’ disclosures
IT services provider DXC Technology Co. has agreed to pay an $8 million penalty for making misleading disclosures related to its financials from 2018 to 2020. In addition to the penalty, the company has promised to improve its financial reporting protocols in a settlement with the Securities and Exchange Commission (SEC). While DXC has neither […]
Binance Options Will Launch BTCUSDT and ETHUSDT Quarterly Options
Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of BTCUSDT and ETHUSDT Quarterly Options. The new options contracts will be European-style and will expire on June 30, 2023. The launch is scheduled for March 16, 2023, at 08:00 (UTC). According to the official statement released by Binance, the new Quarterly Options […]
There was debate on svb collapse mainly around impact on global markets
Bank of Japan Governor Haruhiko Kuroda recently attended the Bank for International Settlements (BIS) meeting. During the meeting, a discussion was held on the collapse of SVB and its impact on global markets. Kuroda stated that officials at the BIS meeting were relieved to see swift action taken by US authorities to contain the damage […]
Vacasa stock plunges after worse-then-expected outlook
Vacasa Inc. (VCSA) is a vacation rental management company that provides inventory to booking partners such as Airbnb Inc. and Booking Holdings Inc. Recently, the company reported a lower-than-expected outlook for Q1 2023, which caused a significant share price drop of up to 15% during extended trading hours on Tuesday. The company’s growth over the […]
OPEC+ will stick to production cuts to end of 2023
On Tuesday, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman reaffirmed his commitment to the OPEC+ alliance’s production cuts until the end of 2023. In an interview with Energy Intelligence, he stated, “There are those who continue to think we would adjust the agreement … I say they need to wait until Friday, Dec 29 […]
Microsoft backed Space and Time partners with South Korean gaming firm Wemade
Web3 data warehousing platform, Space and Time, has announced a strategic partnership with Wemade, a publicly listed South Korean gaming firm that develops games and services in the metaverse and blockchain domains. The partnership deal will enable Wemade to use Space and Time’s suite of developer tools to power its gaming services. Space and Time’s […]