© Reuters. China’s FX Reserves Rose for Third Month as Outflows Stay Muted (Bloomberg) — China’s foreign-currency holdings rose last month, signaling that capital outflow pressures remain muted. Reserves climbed to $3.112 trillion from $3.102 trillion in the previous month,
Despite the threat of the second wave of coronavirus, gold remains stable. Commodities analyst Jigar Trivedi believes that gold will be strong despite the contentious relationship between the US and China. Moreover, the American economy is reviving. That is why
Crypto asset Dogecoin (DOGE) has leapt 18% in 24 hours and almost 20% over the past week. The price action is happening against the backdrop of a viral TikTok challenge that encourages users to pump the coin. The most popular
If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper. “We have proposed a system for electronic transactions without
USD/CAD failure to reach the near-term downside obstacles has signaled another upside momentum. The USDX’s rebound has boosted the greenback, which is regaining ground versus its rivals. As you already know, the US ISM Non-Manufacturing PMI was reported at 57.1
© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Tuesday, reversing earlier losses as traders sided with the safe haven as the recovery in German industrial production was less impressive than expected in May.
Bitcoin started a steady increase and broke the $9,300 resistance against the US Dollar. BTC is currently up close to 3% and it might continue to rise towards the $9,500 resistance. Bitcoin is gaining momentum and it recently broke the
The smart contracts giant kicked off the week on the right foot. Its price has surged over 4.60% since the weekly open to hit a high of $237.5. However, the Tom Demark (TD) Sequential indicator estimates that Ethereum could be
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