Search Results for: Shanghai
Global crypto user base surpassed half a billion in 2023 — Crypto.com report
January 26th, 2024
A research report from Crypto.com estimates the number of worldwide cryptocurrency users surged to 580 million people in 2023. More than half a billion people had become cryptocurrency users or owners by the end of 2023, according to a ...
The Geopolitics of Gold
June 10th, 2021
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel ...
London copper set for third straight weekly gain on weaker dollar
April 23rd, 2021
Copper prices were on track for their third straight week of gains on Friday, as a weaker dollar made greenback-priced metals cheaper and more appealing to holders of other currencies. Three-month copper on the London Metal Exchange CMCU3 rose ...
China is killing the dollar
September 23rd, 2020
In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining ...
Asian shares mixed as worries percolate over pandemic; Euro to Dollar weakened
September 23rd, 2020
Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan and Hong Kong but rose in Seoul and Shanghai and jumped more ...
Russia calls on fellow BRICS countries to dump US dollar in favor of trade in national currencies
August 25th, 2020
The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies. Denis Manturov suggested the possibility of boosting non-dollar settlements ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Europe stock futures tick lower; Offshore yuan and euro to dollar traded up
August 17th, 2020
Stocks in China climbed after the central bank’s injection of cash raised hopes of more supportive monetary policy, with equities and futures elsewhere trading mixed as investors assessed soured U.S.-China ties. The dollar slipped. The Shanghai Composite was more ...
Crypto trading volumes plummeted in June, but Altcoins are moving up
July 14th, 2020
This week the price of Bitcoin (BTC) started trading around $9,200 and quickly moved up to $9,450. A potential rally was rejected close to $9,500 and BTC’s price then moved back down to $9,150, but it has since recovered ...
The crisis goes up a gear
June 22nd, 2020
Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar. At this stage of an evolving economic ...
