Source: AdobeStock/Tom Cathy Wood, CEO of the investment management firm ARK Invest, has acquired more shares of the main cryptocurrency exchange Coinbase, which has lost almost 90% of its value in the last year. The company bought roughly $5.8 million worth of COIN shares on Thursday, split between the ARK Next Generation Internet (ARKW) and … Read more
Eurozone PMI Key Points: The latest Eurozone composite output index was at 49.3 (November: 47.8). 5-month max. Final Eurozone services business activity index at 49.8 (November: 48.5). 4-month maximum. Recommended by Zain Vauda Get your free Euro forecast The seasonally adjusted S&P Global Eurozone PMI composite output index was sub-50 for the sixth consecutive month … Read more
The dollar is soft across the board as it has been giving back some of its gains of late. That said, even a 1% jump in cable is still unheard of with prices hovering above 1.0800 on the day. Elsewhere, the dollar spot in USD/JPY was down 0.3%, but still around 144.30 and close to … Read more
2/2 © Reuters FILE PHOTO: U.S. President Joe Biden waves as he heads to Marine One to depart from the White House in Washington, September 2, 2022, at Camp David over the weekend. REUTERS/Jonathan Ernst 2/2 WASHINGTON (Reuters) – The Biden administration said on Friday it expects tariffs on hundreds of billions of dollars worth … Read more
Sellers are keeping a close eye on the recent 100-hour moving average near 0.6920. We are now seeing the price fall to a new low of 0.6875, which closed at around 0.6869-75 last week. The break below will bring the key support level to a two-day low of around 0.6850 in May. There is little … Read more
The bloodshed in the cryptocurrency market continued on Thursday, with Shiba Inu and Dogecoin losing 30 percent and 25 percent, respectively. Bitcoin and Ethereum traded at 9% and 15%, respectively. The global crypto market lost about $ 830 billion in market capitalization in six weeks. Global crypto market value rose 12.91 percent from $ 2.07 … Read more