Bank of England’s move to carry out emergency purchases of U.K. government bonds ‘could have interesting outcomes for bitcoin,’ an analyst says. The Bank of England’s surprise move could have implications for the world’s largest Read more…
Enlarge / Still image from an AI-generated video of a teddy bear painting a portrait. (credit: Meta) Today, Meta announced Make-A-Video, an AI-powered video generator that can create novel video content from text or image Read more…
The yuan has been depreciating against the dollar, as have most other currencies. While not as dramatic as the yen, the rise in the USDCNY pair has started to raise concerns from Chinese officials. In Read more…
CHFJPY is gaining some ground after the sharp selling interest in the preceding sessions, while it is currently flirting with the 20-day simple moving average (SMA). The technical oscillators are following the neutral-to-negative reaction in the market in Read more…
Silver jumped on Wednesday after triggering some buy orders near the 17.95 zone. However, the spike up was stopped by the 18.95 level, slightly above the 50-period exponential moving average (EMA) and near the 100-EMA. Read more…
ETHUSD has been trending downwards since mid-August when the price failed to surpass the 2,030 mark. Even though Ethereum experienced an acceleration of its decline following the successful completion of the Merge two weeks ago, it Read more…
Cleveland Fed President Loretta Mester told CNBC she didn’t see a case for slowing down tightening right now. She said, “We can have that conversation (about a pause) but we’re still not even in restrictive territory Read more…
Royal Caribbean cruise line has decided that one policy change made during the pandemic era will stay in place. The covid pandemic forced the cruise industry to make a lot of changes — some superficial Read more…
Markets Yesterday, the ‘Bank of England bond market intervention’ brought some relief to the recent UK (and broader) sell-off. Optimists hoped this to be harbinger of some consolidation. At least for now, this hope stays Read more…
The Canadian economy expanded by 0.1% month/month (m/m) in July, beating Statistics Canada’s flash estimate of -0.1%. The flash estimate for August was essentially flat. July’s increase in activity was concentrated in the goods sector. Read more…