By Casey Wagner and Vildana Hajric Billionaire investor Mike Novogratz is doubling down on a call Bitcoin serves as digital gold. “I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” Novogratz, founder and chief executive officer of Galaxy Investment Partners, said in an interview with
News
Funds were flowing out of US assets last week as Dollar ended as the worst performing major currency. Treasury yields surged as bonds tumbled while stocks gyrated lower. But the movements were not decisive enough yet as the greenback still holds above recent lows against major currencies like Euro and Yen. Dollar trader would probably
Forex news for North American trading on October 23, 2020: Markets: Gold down $2 to $1902 US 10-year yields down 2 bps to 0.836% S&P 500 up 12 points to 3465 (down 0.5% on the week) WTI crude oil down 88-cents to $39.76 EUR leads, GBP lags We may have settled into a pre-election lull
Gold firmed above $1,900 an ounce on Friday, en route to a weekly gain, as the dollar weakened and as investors hedged against uncertainties surrounding the coronavirus pandemic and going into the Nov. 3 U.S. presidential election. Spot gold rose 0.3% to $1,909.10 per ounce by 0946 GMT and was up 0.5% for the week.
Dollar is back under pressure today as global stock markets strengthen mildly before weekend. Though, overall markets are relatively mixed as we’re seeing some strengthen in both Swiss Franc, Euro and Aussie. On the other hand, Sterling, and Canadian are softer. The developments suggest that major pairs and crosses are trading more on their own
Sterling pops on the headlines from Reuters Quick move above 1.31 in cable. France’s government told the fishing industry to ‘brace for impact’. Macron is laying the ground for a compromise on fisheries in Brexit talks, the article says. Fisheries are said to be the remaining major hangup in talks but Macron is softening. France
New Delhi: Gold prices declined by Rs 75 to Rs 51,069 per 10 gram in the national capital on Friday, according to HDFC Securities. The precious metal had closed at Rs 51,144 per 10 gram in the previous trade. Silver prices, however, rose by Rs 121 to Rs 62,933 per kilogram from Rs 62,812 per
It appears that the stock markets couldn’t care less about the last debate before US Presidential election. Major Asian indices are trading in right range with mild gains. Nevertheless, Yen is trying to lead Dollar for a comeback while European majors are losing their strong position. In particular, Euro is pressured against Sterling and Swiss
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
New Delhi: Gold prices fell Rs 95 to Rs 51,405 per 10 gram in the national capital on Thursday amid a weak global trend and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 51,500 per 10 gram in the previous trade. Silver prices also declined Rs 504 to Rs 63,425
Dollar recovers in early US session, with help from better than expected job data. Yet, it remains the weakest one for the week at this point. Buying momentum for the greenback doesn’t warrant a reversal yet. The forex markets are mixed for now, with mild weakness in Sterling and Euro. Stock markets are treading water,
UK government raises job support aid, cuts employers’ contributions We are making job support scheme more generous Employees only require to work 20% of hours, previously 33% Firms only cover 5% of non-worked hours, previously 33% Maximum grant will increase to £3,750 from £1,875 previously Doubles grants for self-employed from 20% to 40% Cash grants
New Delhi: Nickel prices fell 0.32 per cent to Rs 1,169.10 per kg in futures trade on Thursday as participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for November delivery traded lower by Rs 3.70, or 0.32 per cent, at Rs 1,169.10 per kg with a
Dollar recovers mildly in Asian session today but remains generally weak, as the worst performing one for the week so far. Sellers appear to be taking a breather for now, and wait for fresh development regarding fiscal stimulus, as well as the final Presidential debate before election. For now, European majors are the best performing
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
By Prathamesh Mallya A decade ago, investment in security and exchange instruments (stocks, bonds and commodities) was considered a gamble by many in India. This perception has, however, changed over the past couple of years. Today, the same set of investors can be seen investing in multiple instruments, be it mutual funds, stocks, and commodities.
Dollar tumbles sharply today together with US treasuries. 10-year yield breaks above 0.8% handle but that’s giving no support to the greenback. Instead, in a rather unusual development, Yen surges sharply at the same time. Stock futures are just steady. There are talks about the renewed hope for a stimulus deal. But we suspect that
The EU continues to posture themselves ahead of more talks A new agreement is not possible unless the last one is properly respected Now is the time for responsibility The headline mainly echoes Barnier’s remarks earlier that both sides still need to find a way to compromise on a level playing field, fisheries, and governance,