On November 26, the price of Bitcoin sharply declined by 16% to $16,334, while in the previous session, its peak at $19,484. According to data, cascading liquidations were the driving force on the massive correction. Significantly, before the pullback, the open interest of the dominant cryptocurrency futures market reached a new record high. Moreover, the …
On November 26, the euro increased to a close three-month record, and the greenback went on the defensive on downbeat U.S. economic data and optimism about covid-19 vaccines. Investors looked for riskier assets tied to global commodities and emerging markets. Furthermore, the sterling reached its three-month record versus the greenback as traders also awaited details …
Forex News: Australian dollar falls, the euro rises Read More »
On November 26, India gold December futures on Multi Commodity Exchange were trading steady with a positive bias, while silver futures crossed the Rs 60,000. On the Multi Commodity Exchange, December gold futures increased by 0.17% and settled at Rs 48,597 per 10 gram, while December silver boosted 0.4% and traded at Rs 60,090 per …
Gold futures gained 0.17%, while silver advanced 0.4% Read More »
Many investors have heard of mutual funds, but few understand how these funds work, and this is not surprising as most people are not financial experts. However, investors can make better decisions if they knew that mutual fund companies make money by charging them fees. Mutual funds make money by sales charges that work like …
Facebook, an American online social media and social networking service has spent years building and deploying artificial intelligence to eliminate hate speech on its massive social network. Facebook is now using the technology to recognize approximately 95% of such content that it takes down. However, that remaining 5% may be challenging to resolve. The world’s …
Facebook can now recognize nearly 95% of hate speech Read More »
According to the latest news, on Wednesday, the U.S. dollar nursed losses as optimism over a covid-19 vaccine and expectations for a fiscal rise from a new U.S. government triggered a shift of funds from the dollar to riskier assets. Significantly, the greenback touched near a two-month low against the Australian dollar. Meanwhile, the dollar …
According to the latest news, the dominant cryptocurrency Bitcoin reached $19,569 on Coinbase, which is its highest level since December 2017. Bitcoin is close to surpassing its record high; however, there are some warning signs to note. There are three potential reasons BTC faces the possibility of a pullback at $20,000 are a bull trap, …
According to the latest news, gold and silver prices resumed declining in Indian markets for the third day in a row amid a strong risk-on rally in equity markets. On Multi Commodity Exchange, the yellow metal gold futures declined by 0.21% and settled at ₹48,485 per 10 gram, while the white metal dropped to ₹59,460 …
Gold declined to ₹48,485, while silver dropped to ₹59,460 Read More »
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