Author: FX
Ether is testing the lower limits of a short-term range! Like other major crypto pairs, ETH/USD was not immune to interest rate and global growth concerns that are making traders think twice about taking on “risky” bets like cryptocurrencies. Ether even took an extra knock from headlines that Kraken, a major crypto exchange, will pay the U.S. SEC $30 million in settlement AND end its staking program after the U.S. securities regulator alleged that the exchange offered and sold unregistered securities with its staking platform. Threats against staking opportunities in the U.S. mean that investors in the world’s largest economy…
Coming up from the European Central Bank on Friday:1315 GMT, which is 0815 US Eastern time, Bank of Spain´s governor Pablo Hernández de Cos speaks at the Warwick Economics Summitas a Governor of an EU central bank de Cos is a member of the Bank’s Governing Council 1400 GMT, which is 0900 US Eastern time, ECB board member Isabel Schnabel answers questions from Twitter users Source link
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Swedish Krona, EUR/SEK, USD/SEK, Norwegian Krone, EUR/NOK, USD/NOK – Talking PointsThe Swedish Krona launched higher after the Riksbank rate hikeThe Nordic bank has a similar inflation fight to other central banksIf the Riksbank maintains the hawkish stance, will SEK strengthen more?The Swedish Krone piled on a staggering rally in the aftermath of the Riksbank lifting its target rate to 3.0% from 2.5% and paved the way for further tightening of monetary policy.Before the meeting, the market had been…
© Reuters. FILE PHOTO-A logo of the Adani Group is seen on a commercial complex in Mumbai, India, February 7, 2023. REUTERS/Francis Mascarenhas By Rodrigo Campos and Scott Murdoch SYDNEY (Reuters) -Index provider MSCI said it has cut the free-float designations of four securities of India’s Adani group, a move which analysts have warned could impact their index weightings. MSCI said in a statement it has reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies. The remaining companies’ free floats will remain the same. The changes come into effect on March 1.…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Gold, US Dollar, Treasury Yields, Fedspeak – Asia Pacific Market Open:Gold prices fell on Thursday as US Dollar and bond yields roseHawkish Fedspeak and US jobless claims data cooled pivot betsAsia-Pacific risk aversion may spell more trouble for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market Briefing – Gold Prices Sink as Treasury Yields ClimbGold prices sank 0.77% on Thursday which was the worst single-day performance in almost one week. The yellow metal sank as the US Dollar and front-end Treasury yields climbed during the Wall Street trading session. XAU/USD tends to function as the anti-fiat…
TomasSereda/iStock via Getty Images SSR Mining (NASDAQ:SSRM) said Thursday it produced of 623,819 gold equivalent oz in FY 2022, including more than 182K gold equivalent oz in Q4, to meet revised guidance targets. Full-year all-in sustaining costs of $1,339 per gold equivalent oz also was in line with guidance. For FY 2023, SSR Mining (SSRM) issued guidance for total production of 700K-780K gold equivalent oz and AISC of $1,365-$1,425 per GEO. In its updated three-year outlook, the miner expects to maintain an average production base of ~700K geo/year through 2025, which it expects to deliver without significant capital investment requirements…
Ayr Wellness sells Blue Camo business for $20M to AZ Goat Source link
© Reuters. FILE PHOTO: Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Hannah Lang (Reuters) -Crypto exchange Kraken agreed to shut down its cryptocurrency staking service and pay $30 million in penalties to settle U.S. Securities and Exchange Commission charges that it failed to register the program, the agency said on Thursday, in a move that could cause headaches for platforms with similar offerings. The settlement marks the SEC’s first crackdown on staking, a common service offered at both centralized and decentralized crypto exchanges, including most of the major exchanges in…
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Goldman Sachs Goldman Sachs Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many…