Square Sets Its Sights on Bitcoin Mining
Jack Dorsey revealed in a tweetstorm that Square is exploring the creation of a bitcoin mining system.
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Multiple Factors Create a Perfect Storm Pressuring Gold Lower
A combination of events collectively has put tremendous bearish pressure on gold pricing.
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European Equities: A Week in Review – 15/10/21
It was a bullish week for the European majors, with corporate earnings the focal point amidst some weak stats from the Eurozone…
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The Weekly Wrap – Market Risk Appetite Returned, Weighing on the Greenback
It was a busy week on the economic data front. While the stats were skewed to the negative, optimism pushed aside inflation woes to drive...
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USD/CAD Exchange Rate Prediction – The Dollar Rebounds on Solid Import Prices
U.S. Treasury yields surge
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Bitcoin Tops $60,000, a Six-Month High, on U.S. ETF Expectations
LONDON/NEW YORK/HONG KONG (Reuters) – Bitcoin topped $60,000 for the first time in six months on Friday, nearing its all-time high, as hopes grew that...
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Wall St Ends Higher as Goldman Rounds Out Parade of Strong Bank Results
NEW YORK (Reuters) – U.S. stocks ended higher on Friday after Goldman Sachs became the latest big bank to report strong quarterly earnings, and Wall...
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FIFA to Expand Gaming and e-Sports Portfolio
(Reuters) – World soccer’s governing body FIFA said on Friday that it will widen its gaming and e-sports portfolio to ensure that controlling rights don’t...
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Evergrande Debt Woes Are Manageable, China Central Bank Official Says
SHANGHAI (Reuters) -The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable, a central bank official said on Friday, in...
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Wall Street Banks Set to Profit Again When Fed Withdraws Pandemic Stimulus
NEW YORK (Reuters) – Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection...
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Oil prices rise to three-year high on back of supply deficit forecasts
MELBOURNE (Reuters) -Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of robust demand and tighter...
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Dollar’s five-week winning streak ends as risk sentiment rebounds
LONDON (Reuters) – The dollar headed for its first weekly decline versus major peers since the start of last month on Friday as global risk...
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Silver Bearish Again After Rallying Against The Greenback On Thursday
Silver is bearish again after rallying yesterday, with the recovering greenback causing the precious metal to risk dropping below the $23 level.
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GBP/USD Rate Rally Susceptible to Slowdown in UK CPI
GBP/USD Rate Rally Susceptible to Slowdown in UK CPI https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2021/10/15/GBPUSD-Rate-Rally-Susceptible-to-Slowdown-in-UK-CPI.html The update to the UK Consumer Price Index (CPI) may undermine the recent rally in...
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S&P 500 Weekly Price Forecast – S&P 500 Continues Showing Strength
The S&P 500 pulled back just a bit during the course of the trading week, only to turn around and show signs of life as...
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Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Look Very Bullish
Crude oil markets have rallied during the course of the week, as we continue to see plenty of money flowing into energy. The rising cost...
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USD/CAD: Loonie Snaps Three-Day Winning Streak But Set to End Week Strong
The Canadian dollar snapped its three-day winning streak against its U.S. counterpart on Friday, but the commodity currency is set to end the week higher...