Month: February 2021

FX Strategists at UOB Group noted USD/CNH could bounce off recent lows and re-test the 6.4500 area in the next weeks. Key Quotes 24-hour view: “We highlighted yesterday that USD ‘could dip below 6.4000 but the prospect for extension to 6.3900 is not high’. However, USD rebounded strongly after touching 6.4010. While the sharp rebound
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North America’s second Bitcoin (BTC) exchange-traded fund received regulatory approval on Tuesday, offering another potential entry point for institutional investors to access digital assets. Less than three weeks after filing a preliminary prospectus for a Bitcoin ETF, Evolve Funds Group Inc announced Tuesday that its fund has been approved by the Ontario Securities Commission, or OSC.
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S&P and Nasdaq (and Russell 2000) trade lower The Dow close at a record level. The other indices made new intraday all-time highs but close lower on the day. A snapshot of the final numbers shows: Dow industrial average, +63.36 points or 0.20% at 31521.76. The new all time high reached 31608.63 The S&P index closed down
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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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Dollar is striking back today with some help from surging US yields. At the time of writing, 10-year yield is trading above 1.25 handle. Additionally, much stronger than expected manufacturing is support the greenback too. While European stocks are treading water, US futures point to higher open. Yen is now the worst performing one, followed
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EURCHF buying The EURCHF has been remarkably weak over the last few weeks Evan as the reflation trade has been expected. One of the reasons for that is certainly the fact that the euro has been weak on expectations of a double dip recession. The odd comment from the ECB that it can further reduce
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Following a successful mainnet launch on Ethereum in December, The Graph is exploring integrating eight additional Layer-1 blockchains including Bitcoin. On Feb. 16, The Graph Foundation revealed it is also considering integrating Bitcoin, Polkadot, Near Protocol, Cosmos, Solana, Avalanche, Binance Smart Chain, and Celo. The protocol already runs on Ethereum having launched on Dec. 17,
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Strengthening against US dollar for 8 consecutive months, Renminbi (Chinese yuan) has accumulated gains of about 10% since June 2020. We believe the rally is overextended as China’s economic recovery has shown signs of losing steam while yield differential between US and China has narrowed over the past few months. Recovery in China is losing
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