Bitcoin miners in Sichuan, a province in China, have come under heavy pressure by local authorities to lessen their operations as the province is witnessing deficits in electricity production. It was reported on the 29th of December by Asia Times that the area usually expects a power shortage in the dry season (starting from October […]
The US dollar stays in the background due to year-end positioning and optimism about the Sino-US trade deal. According to reports, Liu He, China’s chief economic negotiator, will visit Washington over the weekend to sign an agreement. Both Washington and Beijing are optimistic. The American calendar presents two housing price indices and the Conference Board […]
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*On the geopolitical front, releases from the U.S and China on the approaching sealing of the phase one trade agreement may likewise be impactful. *The trend for the week ahead may originate from market risk sentiment. Notwithstanding any emergency scenario, it might, at last, come down to discussion from the Oval Office and Beijing. As […]
The Chinese yuan was unaffected after Prime Minister Li Keqiang said that the administration was thinking about additional measures to reduce corporate finance costs, and referred to a “targeted” reduction in the required reserve ratio of banks. Offshore yuan last exchanged at 7.007. While the euro fell on Tuesday, returning to a fourteen-day low, the […]
Toplines: *The GBP / USD pair is at risk of extending its support in the near term at 1.2970. *GBP / USD Current Price: 1.3004 The GBP / USD pair reached multiple week low of 1.2978 and ended the week on the 1.3000 level, as uncertainty about Britain leaving the European Union increased the burden […]
Gold adhered to a restricted scope of $ 5 on Friday, as investors stayed uninvolved ahead of the Christmas season and as securities exchanges arrived at record levels amid fears of trade concerns between the United States and China. The spot gold price didn’t change at $ 1,478.90 an ounce, yet it empowered its gains […]
The dollar shrugs off US President Donald Trump’s indictment on Thursday, as traders were surprisingly optimistic after the dominant lawmakers in the U.S. House of Representatives voted to impugn Trump. The indicator, which tracks the dollar against six significant fiat forms, rose 97.40, shortly after the six-day high of 97.475 reached on Wednesday. At the […]
Among its G10 peers, the US dollar performed beyond expectations racing past others to be at the forefront. As the fears about a hard Brexit resurfaces, following Boris Johnson’s move to prevent further Brexit extension beyond next year and also a revised WAB to be voted on by British MPs this week, the Pound took […]
