Brexit Negotiations – Going “The Extra Mile” The President of the EU’s Executive Commission, Ursula von der Leyen, and British Prime Minister Boris Johnson had set Sunday, Dec. 13 as the deadline for negotiators to reach an agreement in the thorny Brexit trade deal. But just as many other deadlines before it, this most recent […]
Bitcoin Welcomes More Fans In a nutshell, SPARK is the native token of the Flare Network and it is designed to offer “Ethereum-like”, smart contract functionality to Ripple’s XRP, although this will happen on a different blockchain. The Flare Network is a start-up backed by Ripple, which aims to change the way XRP can be […]
Forex Volatility Heats Up In Wake Of Brexit Fallout The trade deal between the European Union and the United Kingdom is once again on the brink of failure, as negotiations fell apart late last week. Chief European negotiator Michel Barnier and his British counterpart, David Frost mentioned “significant divergences on level playing field, governance and […]
Indexing Will Drive The Crypto Market Higher Financial giant S&P Dow Jones Indices announced Thursday, December 3 that it will be launching cryptocurrency indices in 2021, using data from Lukka, a New York based cryptocurrency company. The indices will include more than 550 top traded digital coins, according to the two companies and it will […]
What To Expect From The Dollar, Volatility The Euro – Dollar pair is inches away from the “line in the sand” represented by the crucial level at 1.2000. About 3 months back, European Central Bank’s Chief Economist Philip Lane and other ECB officials stated they don’t want to see the shared currency climb above the […]
Is Bitcoin Gearing Up For A Move Up? Over the last couple of days, Bitcoin dropped dramatically from $19,500 highs to as low as $16,200 and it is currently trading at $16,800. This behavior has been dubbed a “market crash” by some, while others simply consider it a normal pullback in a healthy trend. I […]
The British Pound Pushes Higher, Backed by EU/UK Negotiations and Vaccine Optimism The Pound opened the week on a positive note, showing strength against its major counterparts and moving above 1.3350 against the greenback, trading at 1.3370 at the time of writing. Most of this strength was generated by optimism coming from two fronts: EU/UK […]
Litecoin Is Lagging The Market Litecoin is up more than 30% over the last 7 days, and almost 12% over the last 24 hours, climbing steadily since September 20th. It recently broke the resistance at $80 and it is now testing the highest price reached in 2020. The recent Bitcoin rise dealt a blow to […]
Brexit Negotiations Are Making Progress, Too Brexit negotiations are still underway but a recent development may prove to be beneficial. Dominic Cummings, Chief Advisor to Prime Minister Boris Johnson and an influential figure in the vote to leave campaign, has decided to resign. The market interprets this as a positive thing and possibly something that […]
The Dollar Comes Under Pressure The US Dollar lost ground against its major counterparts throughout last week, as the Biden – Trump political battle unfolded. However, global stocks were boosted by expectations that trade ties around the world would become stronger following Joe Biden’s victory. Considering the trade war waged by the Trump administration, especially […]