Major investors in the biggest altcoin Ether (ETH) likely moved almost $200 million to exchanges in a fresh hint that price volatility will now hit. Data from on-chain analytics resource Santiment on July 23 suggested that 700,000 ETH ($182.7 million) made its way to exchange wallets in just three days this week. ETH transfers “forewarning
Silver prices recede after crossing the October 2013 peak with a high of $23.26. Confirmation of a bearish chart pattern will recall the sub-$22.00 area. Bulls will have to cross September 2013 top to extend the north-run. Silver prices mark depression around $22.88 during the initial Asian trading on Thursday. The white metal surged to
Wants GOP members to get home to campaign. according to Fox’s Charlie Gasparino, Sen. Majority Leader Mitch McConnell is saying that he wants a quick conclusion to the stimulus talks. That means foreoing fighting for items like the payroll tax cut that Pres. Trump insists on. The reason for the tactic? He wants members home and campaigning to keep the Senate.
BNZ is ringing alarm bells on the renewed Australian coronavirus outbreak and its implications for cross. BNZ couch their analysis in NZD/AUD terms: NZD/AUD has found some support after dipping below 0.93 Traders will be wary of taking the cross lower against a backdrop of the COVID19 outbreak in Victoria, as it risks spreading to
NEW YORK: Oil prices fell on Wednesday as US government data showed a surprise rise in US crude inventories, and as tensions escalated between the United States and China. Brent crude fell 55 cents, or 1.2%, to $43.77 a barrel by 10:56 EST (1456 GMT). US West Texas Intermediate (WTI) crude dropped 56 cents, or
Risk markets turned mixed today as investors appear to be turning from optimism to cautiousness. Hong Kong stock suffered steep losses on escalating US-China tension. The selloff somewhat carries forward to European markets. Yet, US markets open with slight gains. In the currency markets, Euro is leading the way higher today, trying to catch up
Alan Blinder, former Federal Reserve vice chairman. Brendan Smialowski | Getty Images Former Federal Reserve Vice Chairman Alan Blinder said Wednesday it is imperative that Congress continues to aid ailing Americans who were laid off during the Covid-19 pandemic. “Cutting the dollar flow in this emergency would be a catastrophic mistake,” Blinder said on CNBC’s
Satya Nadella, chief executive officer of Microsoft Corp., listens during an interview on The David Rubenstein Show in New York on Sept. 27, 2017. Christopher Goodney | Bloomberg | Getty Images Microsoft will report its fiscal fourth-quarter earnings after market close on Wednesday. Here are Wall Street’s expectations for Microsoft: Earnings: $1.34 per share, adjusted, as
A number of people who invested in a cryptocurrency company are claiming that the company is scamming its users. The fund in question is called AMFEIX, which promised high-yield monthly returns to its users and supposedly raised more than $60 million in Bitcoin (BTC). At the end of June, Cointelegraph began receiving emails from AMFEIX
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Coronavirus crisis will exacerbate spending pressures in rapidly ageing societies in Europe, Moody’s Investor Services said on Wednesday, as reported by Reuters. “Coronavirus fallout will make Europe more indebted, more social and more reliant on technology,” Moody’s added. “Coronavirus crisis is expected to increase momentum around Europe’s digital strategy, supporting demand for technology companies’ services.” Market reaction
EUR/USD touches a high of 1.1584, its highest level since October 2018 For bank trade ideas, check out eFX Plus The pair has had a bit of a choppy session in European morning trade, falling from 1.1540 to 1.1507 as the dollar firmed but is now turning things around amid a run of stops above
Latest data from the Mortgage Bankers Association for the week ending 17 July 2020 Market index 848.8 vs 815.5 prior Purchase index 310.9 vs 305.4 prior Refinancing index 3,973.3 vs 3,774.3 prior 30-year mortgage rate 3.20% vs 3.19% The positive takeaway from the report here is that purchases crept higher once again, and the rise
LONDON: Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 39 cents, or 0.9 per cent, to $43.93 a barrel by 0837 GMT. US West
Silver price’s rally has accelerated over the past weeks. Currently trading at US$ 22.65/oz, price has jumped +27% ytd. Yet, much of the gains (22% out of 27%) was made in the first three weeks of July. With its dual properties, as both industrial and precious metals, silver will continue to benefit from global economic
A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty Images Best Buy said on Tuesday its quarter-to-date sales rose about 2.5%, driven by a