Crypto exchange Crypto.com was forced to suspend withdrawals for several hours after a security breach, with at least $15 million of ethereum stolen. It’s a headline the crypto evangelists would have liked to avoid at Read more…
Summary In something of a surprise, the U.S. dollar has weakened over the first few weeks of this year and emerging market currencies have outperformed. A sharp shift in monetary policy stance from the Fed Read more…
Regulators in Britain and Spain are cracking down on crypto-related advertising. Cryptocurrency prices were down Tuesday as Britain said it planned to crack down on misleading advertisements for cryptoassets. The finance ministry said that about Read more…
Markets US bond yields had a roaring start coming out of a long weekend during early morning trading hours. We’ve distinguished some general drivers for the aggressive bond selloff. First, there was already some general Read more…
Alibaba could provide Chinese officials personal data stored on its servers, according to U.S. investigators. U.S. officials are investigating China’s Alibaba (BABA) – Get Alibaba Group Holding Ltd. Report to find out whether the tech giant’s Read more…
Microsoft’s record $68.7 billion play for Call of Duty maker Activision Blizzard could spark a wave of takeover speculation in the video game sector. Microsoft’s (MSFT) – Get Microsoft Corporation Report $68.7 billion play for Activision Read more…
In December, Canadian housing starts fell by 22% m/m from November’s extremely elevated level, coming in at 236.1k units. This marked the lowest pace of starts activity since December 2020. However, the six-month moving average Read more…
Dollar and safe havens shine; loonie amongst the few winners The US dollar is storming higher today, heavily supported by surging Treasury yields, as markets seem to be pricing in four rate hikes by the Fed in Read more…
Consumers take to social media to vent their frustration with Dollar Tree’s price plan. Dollar Tree (DLTR) – Get Dollar Tree, Inc. Report has passed the buck: It’s now a buck and a quarter. And if Read more…
Daily Pivots: (S1) 114.29; (P) 114.47; (R1) 114.79; More… Further rise could be seen in USD/JPY as rebound from 113.47 might extend. But we’re not expecting a break of 116.34 for now. Instead, the corrective Read more…