The crypto sector rose again, represented with a $2 trillion market value. In May, it reached this level, but now, additional improvements face a barrier from possible new U.S. tax reporting requirements. CoinGecko tracked the value of more than 8,900 tokens that rose by more than 56% to $1.96 trillion from July. Rallies in Bitcoin …
Crypto Market’s Recovery to $2 Trillion and The U.S. Hurdle Read More »
In trading, sector changes can happen in minutes. There is no word like ‘’permanent’’ there. Everything is evolving and developing. For example, statistics checked a few minutes ago may no longer be valid. According to the updated information, the price of gold increased by 0.12%. However, due to the strengthening of the dollar, the achievements …
The Major Influence of Dollar on Gold Price: What to expect? Read More »
An e-commerce giant, Amazon, has unveiled its plans to cut waste. The firm launched two programs to give products a second life when they are returned to companies that sell items on Amazon’s platform or fail to get sold. The company announced that the so-called Fulfilment by Amazon programs would help build a circular economy. …
Amazon Plans to Cut Waste, Launching Two New Programs Read More »
On Wednesday, the dollar was just below this year’s high against the euro. It hit a five-week high against the yen ahead of U.S. inflation data. It is possible that a substantial number would put pressure on the Federal Reserve to reduce policy support. The dollar has benefited from last week’s essential job data in …
Gold fell in Asia on Tuesday morning. Investors awaited the latest U.S. jobs report to forecast the Federal Reserve’s next policy move. Gold futures fell 0.49 per cent to $1,813.35 per ounce but remained over the $1,800 level. Investors somewhat reassure by Fed Chairman Jerome Powell’s statement that interest rate hikes were a long way …
Gold rose to its highest level in almost a week in Asia on Thursday morning. In its most recent policy decision, the Federal Reserve of the United States did not specify a date for its tapering intentions but did state that it was way away from considering interest rate hikes. Gold futures were up 0.81 …
The U.S. dollar seems set to end this week with small gains. It fluctuated during the last few days while other major currencies rallied thanks to the shifting risk appetite. The forex market is now focusing on next week’s U.S. Federal Reserve meeting. The dollar index climbed up slightly on Friday to trade at 92.891. …
U.S. dollar ends the week with weak gains. What about Euro? Read More »
The Euro traded slightly above 3-1/2-month lows against the U.S. dollar on Thursday. Traders are waiting for a potentially momentous meeting of the ECB. Meanwhile, riskier currencies such as the Australian dollar surged forward as a global risk sell-off abated further. The Japanese yen and the U.S. dollar index soared earlier this week to the …
Euro Rose Slightly Thursday. What About Other Currencies? Read More »
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