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The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12. While the 15.5% year-to-date gain sounds promising, the level is still 50% below the $1.88 trillion crypto market cap seen before the Terra-Luna ecosystem collapsed in April 2022. Crypto
MCX Gold hits fresh record high, surpasses Rs 56,200 levels; key reasons behind the rise – The Economic Times Video | ET Now ET Now | 13 Jan 2023, 07:30 PM IST Embed <iframe mozallowfullscreen=”true” webkitallowfullscreen=”true” allowfullscreen=”true” width=”560″ height=”420″ frameborder=”0″ src=”/videodash.cms?autostart=1&msid=96971380&rlvideo=1808152121″></iframe> Gold on Thursday got more sheen with the price of the 24 karat yellow
Yen’s rally continues today on talks that BoJ could tweak the yield curve control again next week. It’s also supported by extended decline in US and European benchmark treasury yields. Meanwhile, Dollar is trying to fight back as US futures are taking dive, reversing some of yesterday’s post-CPI gains. But overall, the greenback remains the
Analysts at MUFG Bank have a bullish outlook for the EUR/CHF cross, considering it could benefit from a further scaling back of fears over recession in the Eurozone. Key quotes: “After trading within a narrow range between 0.9800 and 0.9950 throughout most of Q4, the pair has broken higher in recent days as it first
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The major US stock indices are opening with declines. Each are working on winning streaks with the NASDAQ at five days and the S&P and Dow at three days. A snapshot of the market six minutes into the opening is showing: Dow Industrial Average down -221.84 points or -0.65% at 33968.14 S&P index -29.65 points
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images Citigroup said fourth-quarter net income decreased by more than 21% from a year ago as the bank set aside
Oil prices slipped in early trade on Friday but were on track for gains of more than 6% for the week on solid signs of demand growth in top crude oil importer China and expectations of less aggressive interest rate hikes in the United States. Brent crude futures fell 17 cents, or 0.2%, to $83.86
While Dollar was sold off overnight, the decline was less severe than originally expected. Indeed, the greenback is currently just the second worst performer for the week, following Swiss Franc. The rally in commodity currencies was also less than convincing with Kiwi and Loonie as third and fourth weakest. Yen is currently the strongest, with
USD/CAD drops to its lowest level since November and is pressured by a combination of factors. Bullish oil prices underpin the Loonie and act as a headwind amid the prevalent USD selling bias. The fundamental backdrop favours bearish traders and supports prospects for additional losses. The USD/CAD pair attracts fresh sellers in the vicinity of
The US major indices are closing higher. For the NASDAQ, it is the fifth consecutive up day. For the S&P and the Dow each have gained over the last three trading days and are up four of five days. Both the Dow Industrial Average and the NASDAQ index rose by 0.64% today. The S&P was
More from Xinhua on the roll-out of further property sector support measures: China will increase financing to quality developers via loans and bond issuance China’s plan to improve developers’ balance sheets mainly targets high-quality property firms with relatively big size, and systemic importance China will encourage financial institutions to negotiate with quality developers on debt
A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they’re highly unlikely to signal an
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