Author: bitlyfool
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Deal or no deal with Hamas – the economic fallout
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The ongoing conflict between Israel and Hamas in the Gaza Strip and the complex situation on Israel’s northern border means that the Israeli economy faces a great deal of uncertainty, which can be expressed in several metrics. For example, the direct confrontation between Israel and Iran contributed to the weakening…
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Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
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Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…
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Senator Lummis Challenges US Crackdown On Crypto Market, Vows To Protect Investor’s Rights
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In the face of increasing global regulatory pressure on the cryptocurrency industry, the Biden administration’s intensified crackdown and actions by regulators have prompted Senator Cynthia Lummis to issue a strong statement against the US government’s stance on the industry. Senator Lummis, a prominent supporter of Bitcoin and the cryptocurrency market…
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Standard Chartered Q1 profit rises 5.5%, beats estimates By Reuters
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HONG KONG/LONDON (Reuters) – Standard Chartered on Thursday reported a 5.5 percent rise in first-quarter pre-tax profit, beating estimates, as higher interest rates boosted the emerging markets-focused bank’s profits. Standard Chartered, which generates most of its revenue in Asia, said its pre-tax profit in the quarter was $1.91 billion. That…
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Chart Art: USD/CHF Channel Correction Levels
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I see a textbook trend setup on the 4-hour time frame for USD/CHF. Will we see another channel bounce this time? Or is it the opposite of the cards? USD/CHF Forex 4 Hours Chart by TradingView ICYMI The May FOMC statement led to a significant decline in the US dollar,…
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Texas A&M Professor to Launch Bitcoin Research Institute
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Kurok Ray, a Bitcoin researcher and associate professor at Texas A&M University’s Mays School of Business, announced plans to launch a Bitcoin Research Institute to advance academic research at the intersection of Bitcoin and artificial intelligence. In the MicroStrategy World: Bitcoin for Business 2024 At the event, Ray pointed to…
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Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink
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(Bloomberg) — Wall Street traders cheered Wednesday when Federal Reserve Chair Jerome Powell signaled he doesn’t expect imminent interest rate hikes despite inflationary pressures. The celebration did not last long. Most read from Bloomberg Briefly, US stocks rose to unleash their biggest post-policy meeting rally since December, while Treasury yields…
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ForexLive Asia-Pacific FX news wrap: Massive swings for USD/JPY – intervention then bounce
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USD/JPY as it happened: last: The USD/JPY pair was holding near 157.50 after the US market closed on Wednesday afternoon before interventionary selling hit it hard. It fell from 157.50 dramatically after a large number in very liquid trading over the course of about 20 minutes before finally bouncing from…
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Finance Expert Raoul Pal Says 20% Bitcoin Correction Only Temporary As Euphoria Will Return
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Co-Founder and CEO of Real Vision, Raoul Pal Highlight the current market situation and future outlook for Bitcoin, the world’s largest cryptocurrency. Although cryptocurrency It is declining By more than 15%, the financial expert revealed an important pattern that indicates a potential bullish sign after the Bitcoin price correction. Cryptocurrency…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…
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DBS quarterly results trounce forecasts, another record year expected By Reuters
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By Yantultra Ngoy SINGAPORE (Reuters) – Singapore’s largest bank DBS Group (OTC:) on Thursday reported first-quarter results that beat expectations with broad-based growth, and said it expects net profit to surpass last year’s record result. Due to strong business momentum with loans growing and fee income and treasury client sales…
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A Closer Look At Their Continued Accumulation Amidst A $53 Million Loss
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MicroStrategy, a major player in the technology sector, has been making headlines in the cryptocurrency space with its strategic investments in Bitcoin. Despite a net loss of $53.1 million in the first quarter of 2024, the company, led by CEO Michael Saylor, remains steadfast in its Bitcoin strategy, and continues…
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Biological sex sleep differences: Insomnia in women, apnea in men
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Women and men sleep differently, so their sleep disorders should not be treated in the same way, suggests new research exploring the biological sex characteristics of sleep. Men are more likely to develop obstructive sleep apnea, while women are more likely to develop insomnia and report poor sleep quality. These…
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5 Tech Innovations Advancing Campus Security
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Before allowing students to start living, studying and enriching themselves on campus, universities have a duty to provide protection. More than 31,000 crimes were reported on campus in 2021, and only 2% of these reports are unfounded. New and emerging technologies can end campus crime. Keep reading as we explore…
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Senator Lummis challenges DOJ’s stance on private crypto wallets
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US Senator Cynthia Lummis said that the Department of Justice’s position on self-custody of cryptocurrencies contradicts existing Treasury Department guidance and violates the rule of law. Lummis (R-WY) says she opposes the Biden administration’s criminalization efforts regarding the Bitcoin (BTC) network and decentralized finance (defi). I am deeply concerned about…
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138,000 herders register for livestock insurance
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The World Bank-supported livestock insurance program for Kenyan farmers has enrolled more than 138,000 herders, highlighting the growing popularity of the scheme. The Ministry of Agriculture and Livestock Development revealed the figures on Wednesday, adding that farmers benefited from benefits worth more than Sh2.7 billion in claims payouts and government…
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Dollar/yen nosesdives again as market watches for BOJ intervention By Reuters
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(Reuters) – The dollar fell against the yen late Wednesday afternoon, falling further from 34-year highs two days after traders said Japanese authorities were buying yen to support their currency, which has fallen 11% this year. The USD/JPY suddenly fell more than 3% from its levels late Tuesday, trading as…
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Coinbase Adds Support for Bitcoin Lightning Network
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The largest US cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. according to Blog postthe Lightning Network integration on Coinbase will reduce the cost of sending Bitcoin (BTC) globally by 20 times compared to the 2% charged on credit…
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Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
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Mulberry, the British luxury brand known for its exquisite leather handbags, faced a 4% decline in annual sales, reflecting broader trends of lower spending among affluent consumers. Despite growth in international markets, particularly in the US, the company faces challenges in the UK and Asia, reflecting the prevailing decline in…
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Daily Broad Market Recap – April 30, 2024
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It was a good day for the dollar to rise, with the greenback seeing a steady rise across the board, even before the high-level US reports came out. But how did the rest of the financial markets perform? Titles: China official manufacturing PMI for April: 50.4 (50.3 expected, 50.8 previously)…