Month: October 2020

In the days preceding Bitcoin’s latest rise in price, stablecoins went wild, exhibiting some largely unprecedented behavior. Stablecoins: all stablecoins inflow transaction and address count of all exchanges. Source: CryptoQuant. On October 18, stablecoins moving to exchanges reached record highs of 60,000 and 56,000 respectively, according to data from CryptoQuant. The outlet’s data tracked USDT
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New Delhi: Gold prices declined by Rs 75 to Rs 51,069 per 10 gram in the national capital on Friday, according to HDFC Securities. The precious metal had closed at Rs 51,144 per 10 gram in the previous trade. Silver prices, however, rose by Rs 121 to Rs 62,933 per kilogram from Rs 62,812 per
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An employee stands on a social distancing marker in an elevator at an office in Dallas, Texas. Dylan Hollingsworth/Bloomberg via Getty Images The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of
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Gold prices have stabilized around the all-too-familiar $1,900 level after President Donald Trump and former Vice-President Joe Biden clashed in their last televised debate ahead of the elections. XAU/USD has room to surge if Biden wins and Democrats flip the Senate – as they would approve a generous stimulus package. The second-best outcome is a
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It wasn’t a dumpster fire, so sellers cover The S&P futures have turned positive now with the index up 0.14% at 3454. The move to the upside is probably attributed to the debate that was more debate vs. the yelling and screaming from the 1st debate. Going forward, the other story that traders have been
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Gold prices dipped on Friday, weighed by a stronger dollar, as investors kept a close watch on the final U.S. presidential election debate and sought further clarity on a coronavirus aid package. FUNDAMENTALS Spot gold fell 0.1% to $1,902.57 per ounce by 0110 GMT, after slipping more than 1% in the previous session. U.S. gold
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Dollar recovers mildly in Asian session today but remains generally weak, as the worst performing one for the week so far. Sellers appear to be taking a breather for now, and wait for fresh development regarding fiscal stimulus, as well as the final Presidential debate before election. For now, European majors are the best performing
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Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were stronger than analysts
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WTI bulls gearing up for the next push higher. Cautious optimism persists amid US stimulus hopes. US oil buoyed by Russia’s intent to extend supply cuts. WTI (futures on NYMEX) is holding on to the 40.50 level amid a consolidative mode following a retreat from Thursday’s recovery rally to $41.01. The US oil remains underpinned
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