WTI prints a multi-week high above $79.00
the world’s largest oil producers, Saudi Arabia, was considering an output increase. The sudden drop of WTI came after the WSJ reported that Saudi Arabia was planning to increase its oil production by more than 1 million barrels per day, fueling concerns that the global oil market would be flooded and the already low prices […]
What Does MiCA Mean for Crypto in Europe?
MiCA regulation, Markets in Crypto-Assets regulation, has been approved by the European Commission, bringing with it a new framework of EU-wide crypto rules. While the new system is not expected to come into force until 2024, the EU aims to close the regulatory gap that exists between the crypto industry and existing financial services. This […]
Broader Dollar bear trend will have to take a short raincheck – ING
February’s Dollar gains are expected to be supported by the hawkish stance of the Federal Reserve, according to economists at ING. With few alternatives available, the Fed is backed into a corner and will have to announce its decision to sound hawkish. In addition, the recently revised Dot Plot fed funds expectation should further support […]
Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk
The recent bankruptcy filings of cryptocurrency firms and banking issues have caused Bitcoin investors to suffer a major blow. However, there’s another potential problem that Bitcoin may face soon: a recovering U.S dollar. The U.S. dollar index (DXY) has risen by 4% from its February 3 low of 100.82 amidst expectations that the Federal Reserve […]
Silvergate Capital Stock Price: Get out of SI while you still can
Silvergate Capital (SI) capitulated on Thursday as the crypto bank announced late Wednesday that it would not be filing its annual report or 10-K for the year 2020 with the U.S. Securities and Exchange Commission (SEC) on time. The news sent its shares tumbling by more than 11% in after-hours trading. The company, which specializes […]
Illuvium DAO Closes Su Zhu’s Project Promotion Campaign With 100% Vote Agreement
The Illuvium DAO community has decided to cancel a proposed gaming session between its CEO Kieran Warwick and the co-founder of Three Arrows Capital, Su Zhu. The decision was reached after a vote on the Snapshot page, with a 100% approval rate. The community is responsible for the NFT gaming project Illuvium: Beyond, which is […]
FX option expiries for Mar 3 NY cut
Foreign exchange (FX) options are contracts that give the right, but not the obligation, to buy or sell a currency pair at a predetermined exchange rate on or before a specific date. These derivatives contracts are widely used by companies and investors to hedge against currency risk and to speculate on the future direction of […]
CHZ volume taper leaves a trail of optimism
Chiliz Price Prediction: CHZ Volume Taper Leaves a Trail of Optimism Chiliz price has spent several weeks consolidating near $0.13 after a massive influx of buying pressure witnessed in January. The technicals suggest bulls still have a shot at tagging higher targets. Chiliz price continues to consolidate while showing optimistic gestures. When analyzing the Volume […]
Will accelerate addressing issues with energy, food price hikes
Japanese Finance Minister, Shunichi Suzuki, has released a statement highlighting the government’s intention to implement measures included in an extra budget to manage soaring energy and food prices. This statement came after Japan’s Consumer Price Index (CPI) data was released, revealing that Japan is experiencing its highest inflation rate in over a year. The Japanese […]
GBP/JPY Price Analysis: Struggles at 164.00, back beneath 163.50
se appears to be the primary driver of the currency pair’s decline, with global stock markets falling amid rising concerns about the COVID-19 Delta variant and the potential impact on economic recovery. The GBP/JPY exchange rate is one of the most volatile currency pairs due to the significant differences in the fundamentals of the British […]