Search Results for: Global Markets
Bitcoin sinks further; Most altcoins enter negative territory for the week
August 31st, 2018
Bitcoin fell for a second straight day Thursday, putting a lid on the recent euphoria that had some pundits eyeing $8,000 and beyond. One bitcoin BTCUSD, +1.28% was last worth $6,913.85, down 1.8% since Wednesday at 5 p.m. on ...
Bitcoin dropped below $6,000 as almost every Cryptocurrency tumbled
August 15th, 2018
Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up. The largest digital currency fell as much as 6.2 percent to $5,887 as of 3:07 p.m. ...
Intercontinental Exchange plans to launch a bitcoin exchange
August 6th, 2018
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services, announced that it plans to form a new company, Bakkt, which intends to leverage Microsoft cloud solutions to create an open and regulated, global ...
Emerging currency traders are being kept on their toes
July 30th, 2018
Emerging-market foreign-exchange traders are being kept on their toes even as their counterparts dealing in developed currencies might be struggling to stay awake amid the lull of the northern summer. Implied volatility on emerging-market currencies has surged and ...
Trade truce boosts the euro and hurts the US dollar
July 27th, 2018
The DXY dollar basket dropped to 94.08, down from a high of 95.65 last week. The dollar is under pressure from a range of negative drivers. Friday’s GDP print could be the blow off top for US growth and ...
China’s yuan plunges again. Is a currency war coming?
July 20th, 2018
The yuan weakened almost 1% against the US dollar on Thursday to hit its lowest level in a year. It has now fallen by nearly 8% over the past three months amid a global trade spat and concerns over ...
Cryptocurrency in Europe set to double in interest
July 9th, 2018
The number of Europeans with cryptocurrency is set to double in the near future according to research from ING Bank. Currently, 9% of users have cryptocurrency in Europe, but ING reports that another 16% want to invest in the ...
Mobile contactless payment users to grow to over 760 million by 2020
July 3rd, 2018
The number of people using mobile contactless payment such as Apple or Google Pay will grow to more than 760 million by 2020, with Apple’s digital wallet leading the way, according to new research. An estimated 440 million people ...
Oil prices fell; Oil traders are closely watching a threat by China
June 19th, 2018
Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by expectations that producer cartel OPEC and key ...
Dollar in best week since 2016; Asian stocks traded mixed Friday
June 15th, 2018
Asian stocks traded mixed Friday as plans for U.S. tariffs on Chinese imports revived concerns about global trade growth. The dollar extended gains, heading for its best week since 2016 after the Federal Reserve signaled further tightening in 2018 ...
