Author: FX

The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the ecosystem. A number of losses have been recorded from these events. Blockchain analytics firm Chainalysis released a report in December of last year, which noted that the depegging of Terra’s stablecoin, Terra USD Classic (USTC), saw weekly-realized losses peak at $20.5 billion. Findings further show that the subsequent collapse of Three Arrows Capital and Celsius in June 2022 saw weekly-realized losses reach $33 billion. Continue Reading on Coin Telegraph Source…

kodda/iStock via Getty Images New guidelines released this week by the Biden administration direct federal agencies to prioritize greenhouse gas emissions and other climate effects associated with reviews of energy and other infrastructure projects, but they also dispense with reviews of renewable energy projects from including comprehensive analysis of their emissions impacts. The new guidance from the Council on Environmental Quality said agencies reviewing renewable energy projects under the National Environmental Policy Act “should generally quantify projected GHG emission reductions” but they may apply “the rule of reason when determining the appropriate depth of analysis.” Renewable energy projects effectively deserve…

2/2 © Reuters. FILE PHOTO: Vlad from the 80th Separate Air Assault Brigade drives an APC on the front line at Orthodox Christmas, during a ceasefire announced by Russia over the Orthodox Christmas period, from the frontline region of Kreminna, Ukraine, January 6, 2023. 2/2 (Reuters) – Russia’s overnight bombing of regions in eastern Ukraine killed at least one, officials said on Sunday after Moscow ended a self-declared Christmas ceasefire and vowed to fight on until it defeats its neighbour. FIGHTING * Shellfire echoed on Saturday around the near-deserted streets of the Ukrainian town of Bakhmut, focus of the most…

There has been a warm welcome for the US stock market in the first trading week of 2023, following a sluggish wage growth in the non-farm payroll report last Friday which sparked market hopes for a less-hawkish Fed  (though less likely for the central bank to reverse its monetary policy). Fig.1: US Non-Farm Payroll and Unemployment Rate： Trading Economics Employment growth in the last month of 2022 hit the lowest since December 2020, at +223K. It slightly beat consensus estimates at +220K. Both November and October data were downward revised to +256K (was +263K) and +263K (was +284K), respectively. On the…

© Reuters. Japanese Prime Minister Fumio Kishida speaks during a news conference at the prime minister’s official residence in Tokyo, Japan October 14, 2021. Eugene Hoshiko/Pool via REUTERS By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Sunday his government and the central bank must discuss their relationship in guiding economic policy after he names a new Bank of Japan (BOJ) governor in April. The remark heightens the chance the government may revise its a decade-long blueprint with the central bank that focuses on beating deflation, a move that would lay the groundwork for an exit from…

There are a lot of transitions that are going on from a fundamental and technical perspective.. In this weekend video, Greg Michalowski of Forexlive, talks about the transitions that are occurring in the economy, politics and in the markets in his weekend Forex technical report. Set yourself up to understand the dynamics in play and how you might benefit in your trading this week in this state of transition. ADVERTISEMENT – CONTINUE READING BELOW Source link

Turkey’s state pipeline operator Botas issued a statement on Saturday. Says that a fault on the Iranian network side had decreased the volume of gas piped to Turkey as of January 1. Turkish authorities have requested Iran fix the issue as quickly as feasible. Iran is the second-largest gas supplier to Turkey after Russia.Weirdly, back in January of 2022, i.e this time last year, a leak halted Iranian exports of gas to Turkey also. Turkey cut power supply to the industrial sector that time. ADVERTISEMENT – CONTINUE READING BELOW Source link

Information posted to the People’s Bank of China website over the weekend reported it increased its holdings of gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn’t corrode, and…

Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters. As per the filing, U.S. Trustee Andrew Vara called for an independent investigation before any sale, claiming that valuable information related to the exchange’s bankruptcy could be compromised. The document states:Continue Reading on Coin Telegraph Source link

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. FX PUBLICATIONS IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR…