The Nasdaq 100 index suffered its largest daily drop in four months yesterday, plummeting by 3.93% as US bond yields continue to surge. This Friday, the 10-year US bond yield hit a high of 1.614% but has pulled back slightly. The rise in bond yields is taking capital from the stock […]
Gold price on the XAU/USD pair failed to recapture ground above the $1800 psychological resistance, dropping nearly 1% in the process. Gold price activity now has a bias for downside targets as it continues to remain pressurized by the market fundamentals. Broad-based selling on the greenback failed to rescue the […]
A report by Business Wire claims that Dubai fund FD7 Ventures is planning to swap $750 million of its Bitcoin holdings for Polkadot and Cardano. According to the report, Dubai-based FD7 Ventures, a global cryptocurrency investment fund, is dumping their main crypto holding in Bitcoin, in exchange for Cardano and […]
Tesla’s slide on the Nasdaq 100 index continued this Friday. This followed earlier comments by CEO Elon Musk said the company’s EV plant in Fremont, California had been closed for two days earlier this week as a result of shortages of parts. However, the factory has since reopened. Tesla suffered […]
The GBP/USD met with more selling on Friday, marking a 2nd straight day of steep selloffs. These follow a slew of good economic data out of the US, allowing for strong buying on the greenback. The pair has also been due for a correction after the technical pattern on the […]
Uniswap is an exchange protocol that allows users to swap ERC20 tokens. Rather than using the traditional order book model, Uniswap pools tokens into smart contracts, and users trade against these liquidity pools. Anyone can exchange tokens; you can also add them to a pool to start earning fees or […]
The EUR/USD is down sharply, with losses accelerating in the New York session as the European Central Bank’s policymaker Yannis Stournaras has called on the ECB to accelerate the purchases made within the scope of the bank’s Pandemic Emergency Purchase Programme (PEPP). According to Reuters, Stournaras says that there is […]
A report by Business Wire claims that Dubai fund FD7 Ventures is planning to swap $750 million of its Bitcoin holdings for Polkadot and Cardano. According to the report, Dubai-based FD7 Ventures, a global cryptocurrency investment fund, is dumping their main crypto holding in Bitcoin, in exchange for Cardano and […]
Tesla’s slide on the Nasdaq 100 index continued this Friday. This followed earlier comments by CEO Elon Musk said the company’s EV plant in Fremont, California had been closed for two days earlier this week as a result of shortages of parts. However, the factory has since reopened. Tesla suffered […]
The US Dollar Index (DXY) retains its bullish bias for the day, after the Fed’s preferred inflation barometer, the Core Personal Consumption Expenditures (PCE) Price Index, came in unchanged at 1.5% in January (annualized). This figure was slightly higher than the 1.4% expected by the markets. Furthermore, the drop in […]
The Swedish Krona took a hit this Friday, after a contraction in the Swedish economy in the 4th quarter of 2020. Data from the Statistics Office in Sweden show that Gross Domestic Product (quarterly) fell 0.2% in Q4 2020, compared with a 4.9% increase in Q3 2020. When compared with […]
The Nasdaq 100 index suffered its largest daily drop in four months yesterday, plummeting by 3.93% as US bond yields continue to surge. This Friday, the 10-year US bond yield hit a high of 1.614% but has pulled back slightly. The rise in bond yields is taking capital from the stock […]
The Litecoin price has been among the worst-performing crypto majors in the past few days. It has dropped by more than 26% in the past seven days while Ethereum and Ripple have fallen by 24% and 20%, respectively. This decline has brought its total market cap to more than $11.3 […]
The Bitcoin Cash price is under intense pressure. BCH has dropped by more than 37% from its year-to-date high of $777, bringing its total market cap to more than $8.8 billion. This makes it the tenth-largest cryptocurrency in the world. What’s happening: The Bitcoin Cash price is dropping as a […]
 |
 |
 |
