Blockchain software firm Blockstack PBC announced that it will be changing its name to “Hiro Systems PBC.” Muneeb Ali, co-founder and CEO of Blockstack, told Cointelegraph that the team plans to focus on a narrower set of priorities once the stacks 2.0 mainnet launches — something they believe has the potential to unlock an “immense
Month: October 2020
The dollar is maintaining a slight advance for the most part thus far For bank trade ideas, check out eFX Plus The dollar is holding its ground on the session and is keeping a modest advance against the pound, as cable slips to a session low of 1.3093 and testing the 1.3100 handle. A drop
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New Delhi: Gold prices fell Rs 95 to Rs 51,405 per 10 gram in the national capital on Thursday amid a weak global trend and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 51,500 per 10 gram in the previous trade. Silver prices also declined Rs 504 to Rs 63,425
Dollar recovers in early US session, with help from better than expected job data. Yet, it remains the weakest one for the week at this point. Buying momentum for the greenback doesn’t warrant a reversal yet. The forex markets are mixed for now, with mild weakness in Sterling and Euro. Stock markets are treading water,
Pedestrians walk past a home with a “Sold” sign in San Francisco. David Paul Morris | Bloomberg | Getty Images Sales of existing homes rose a higher-than-expected 9.5 % in September to a seasonally adjusted annualized rate of 6.54 million units, according to the National Association of Realtors. Sales were up 20.9% annually. Sales could
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is expected to report its third-quarter results on Thursday before the
US dollar recovers modestly on Thursday, DXY rises toward 93.00. EUR/USD consolidating around 1.1820, falls after a four-day rally The EUR/USD is consolidating modest daily losses after posting on Wednesday the highest daily close in more than a month. A rebound of the US dollar across the board weakened the pair that is moving sideways
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Stocks off to a weak start The Asian equity markets are moving lower and the US futures markets are also weaker. The weakness in equities is helping to strengthen the US dollar, and with those gains, sending gold lower. Fundamentally, the markets are concerned about the US stimulus deal. A news story that Russia and Iran were interfering in
Lower stocks in Asia The Japan’s Nikkei is opening down -0.8% to 23,456.25 at the PM open. The Topix is fairing even worse at -1.2% to 1,617.99. Other major indices are lower in the Asian Pacific trading: S&P/ASX is trading down -0.46% Shanghai composite index is down -0.83% Hang Seng index is trading down -0.42% KOSPI is trading down -0.87% The E-mini contract is
Gold edged lower on Thursday as the dollar recovered from a seven-week trough and some concerns emerged that an agreement on a new U.S. fiscal coronavirus aid package will not be reached until after the presidential election. FUNDAMENTALS Spot gold fell 0.2% to $1,920.86 per ounce by 0123 GMT, retreating from a more than one-week
The meeting among OPEC+ producers to discuss about revision of output cuts was inconclusive. While a number of OPEC+ producers agreed that weak oil demand outlook might justify more reduction in output, it’s yet to know how much more is needed. A greater problem is compliance. As we noted in the previous report, OPEC+ has
A worker uses a nail gun while installing trim in a home under construction at a Romanelli and Hughes Building Co. subdivision in Dublin, Ohio, July 9, 2020. Ty Wright | Bloomberg | Getty Images Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters Elon Musk’s electric car and renewable energy company, Tesla, reports third-quarter results after the bell on Wednesday. Here’s what Wall Street analysts are expecting, per an average of analyst estimates compiled by Refinitiv: Earnings
Gold Price Analysis: XAU/USD fails to scale 50-day SMA even as US inflation expectations rise Gold, a proven store of value, struggles to gather upside traction despite the uptick in the US inflation expectations. The yellow metal is trading at $1,918 per ounce at press time, having faced rejection above the 50-day simple moving average (SMA)
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