Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors. In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin (BTC) was in trouble. Lee: Bitcoin has
Trades below the August low at 1.1634 It was not a clean break and run, but the EURUSD has moved to a new low for the year after spending a few hours today breaking, then failing, then breaking over a 4 hour period in the European session. The old low was 1.1634. The new low
Forex news from the European trading session – 29 September 2021 Headlines: Markets: JPY leads, NZD lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields down 3 bps to 1.506% Gold up 0.5% to $1,742.90 WTI down 0.8% to $74.72 Bitcoin up 1.3% to $42,303 Bond sellers are taking
Natural gas prices have climbed to their highest level in seven years in US NYMEX futures. Extreme weather in the US coupled with disruptions associated with hurricane Ida played a role in kickstarting the rally. Traders put fresh bets on the commodity as they anticipate a shortage this winter, amid a quick rebound in consumption
At least three Federal Reserve officials said Monday they are ready to pull back on stimulus even though they don’t see a threat from inflation. Speaking at separate engagements, Fed Governor Lael Brainard and regional presidents John Williams of New York and Charles Evans of Chicago all expressed comfort with the first phase of policy
Silver witnessed fresh selling on Wednesday and drifted back closer to YTD lows. The set-up favours bearish traders and supports prospects for additional losses. Bears might wait for a break below the $22.00 mark before placing fresh bets. Silver struggled to capitalize on the overnight bounce from the vicinity of YTD lows, instead met with
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Strong rally in treasury yields is currently the main theme driving the markets. On the back on hawkish Fed rhetorics, 2-year yield rose to 18-month high, above 0.3%. Benchmark 10-year yield also breaks above 1.5% handle. Yen is currently the worst performing one, with persistent selling pressure. Euro and Swiss Franc are also weak. On
S&P index down near 2% the major stock indices are moving to the downside going into the close. The Dow industrial average is down 561 points or -1.61% at 34310.54. The S&P index is down 88 points or -1.99% 4354.66. The NASDAQ is index is down -408 points or -2.73% 14559. For the S&P index
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Mumbai: National Commodity and Derivatives Exchange (NCDEX) on Tuesday said it has migrated its live trade data centre to Yotta Infrastructure Solutions. The partnership with Yotta has made NCDEX the country’s first and only exchange to operate from an Uptime-certified Tier-IV data centre, the commodity exchange said in a statement. “We are excited to partner
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell speak Tuesday to the Senate Committee on Banking, Housing and Urban Affairs on efforts their respective institutions have taken to
US 10-year Treasury yields print five-day uptrend, sidelined of late. Fed’s Bulls reiterate support for tapering, Fed Chair Powell backed the move yesterday. US policymakers jostle to avoid debt ceiling expiry, President Biden cancels Chicago visit. US diplomatically reaches China to cut imports from Iran, Evergrande approaches coupon payment date. US 10-year Treasury yields remain
Sterling tumbles broadly today on increasing talks of energy shortages due to a post-Brexit shortage of truck drivers, as well as a halt to license testing during pandemic lockdowns. Mild risk aversion, which start in European markets, is also weighing down some commodity currencies. Nevertheless, there is little lift to Yen overall, which stays weak
Cardano (ADA) reached a major milestone in its roadmap on Sep. 13 as its blockchain successfully launched Plutus-powered smart contracts as a part of the Alonzo hard fork. The Alonzo hard fork has been highly anticipated in the Cardano community as well as the cryptocurrency sphere at large. The smart contract functionality is meant to
Higher yields. Lower stocks. China growth slowdown. Fed Chair testifies. The USD is the strongest followed closely by the EUR, and the NZD is the weakest as the North American session begins. US stocks are down sharply and are heading for a September loss that is the biggest since October 2020. Natural gas prices are up 8.22%.. WTI crude