Meanwhile, the Hang Seng index showed gains earlier of 0.07%, after losing 5.5% on Friday due to China’s proposed national security law for Hong Kong. The announcement led to the breach of social-distancing guidelines, as thousands took the streets of the city to protest against Beijing’s new security measure. It also prompted the US to …
Planned National Security Law Weighs on the Hang Seng Index Read More »
Wall Street first predicted BTC/USD to fall below $8,000 two weeks ago, after which it surged beyond $10,000 the Monday after. Despite the slow day in the crypto market yesterday, analysts believe it will be near this price by Friday. On Monday, Chicago’s Mercantile Exchange saw a 77% chance that Bitcoin could reach beyond $9,200 …
Bitcoin (BTC) might have increased by 135% since March’s lows, but Wall Street doubts it’ll see the bears soon. The coin met $10,000 over multiple times in May, but the coin’s momentum isn’t expected to stop. The top cryptocurrency by market value met an $8,625 low on Sunday evening, which liquidated almost $20 million-worth of …
Wall Street Calls for a Bitcoin Price of $9,200 by Friday Read More »
At the end of 2019, the palladium market experienced a drop in supply by 950,000 ounces (29.54 Mt). Throughout the year, the metal’s price had been on the rise, until it reached a historical maximum. Besides, the demand for palladium has been historically high in the automotive sector. The PGM Market Report, published in major …
Russia – the world’s largest producer of palladium in 2019 Read More »
France’s economy and finance minister announced a frightening turn of events on Monday. Bruno Le Maire said the government measures through the coronavirus crisis have cost 450 billion euros, 20% of its GDP. The French government implemented multiple packages since mid-March. This included state-subsidies furloughs, state-guaranteed loans, tax deferrals, and handouts to small businesses. According …
France Spent 450 Billion Euros for Fiscal Aid Year-to-Date Read More »
Bitcoin gained by 0.83% to $8,782.2 on Monday. The crypto fell to an early morning low of $8,620.0 before hitting a high of $8,808.7. However, it left the major support and resistance levels untested so far. Bitcoin suffered a significant loss on Sunday, plummeting down by 5.08%. It ended the week down by 9.91% to …
Bitcoin rose on Monday after losing 5.08% in the last week Read More »
The dollar climbed up against most Asian currencies on Monday. The demand for safe-haven currencies continues due to an argument between the U.S. and China over civil liberties in Hong Kong. The greenback traded at $1.0895 against the Euro in Asia, close to its strongest point in a week. It was also close to a …
Sterling is under pressure. Safe-havens remain in demand Read More »
Twitter is testing a new feature that allows users to decide who can reply to their tweets. Some accounts are already using it in interesting new ways. Previously, anybody could reply to anybody on this platform. This is, as long as their profile wasn’t private or blocked. But now, those who are part of the …
Twitter Tests New Reply-limiting Feature | Wibest Broker Read More »
Hong Kong was a British colony that returned to Chinese rule in 1997. As a reminder, Hong Kong is governed as part of the “one country, two systems” principle. Thanks to this principle it has a high degree of autonomy. People should keep in mind that Hong Kong is a financial hub and tensions in …
Asian Financial Hub, Stocks and a New Security Law Read More »
The safe-haven yen rallied on Friday, reaching 107.46 against the U.S. dollar. The Japanese currency also surged forward by 0.6% versus the Aussie and jumped up by 0.4% against the kiwi. The Bank of Japan released the details about a lending scheme for small-cap companies damaged from the coronavirus pandemic after an emergency meeting. So …
Safe-haven demand increased on Friday. U.S. dollar soared Read More »
Bitcoin is the biggest and one of the most famous cryptocurrencies in the world. A cryptocurrency startup knows how to earn money even and has an interesting approach to crypto mining. The name of this startup is Layer1. It is a well-known fact that it is hot in Texas. However, the real heat and humidity …
Electricity Reliability Council of Texas and Bitcoin Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCNH The nerve-racking trade tension between Washington and Beijing has propelled the US dollar to Chinese yuan exchange rate. Signs say that the pair will continue to head upwards, reaching its resistance and surpassing …
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