Cryptocurrency exchange Coinbase has achieved registration with France’s markets regulator, the AMF, allowing the company to expand its services in the European market. This approval, referred to as a virtual asset service provider (VASP) registration, grants Coinbase the ability to offer various digital currency services, including custody of digital assets, buying and selling digital assets
Disney has recently announced that Morgan Stanley CEO James Gorman will be joining a succession planning committee, advising the board on the selection of Bob Iger’s successor. Gorman, who is stepping down from his position at Morgan Stanley, will officially join Disney’s board in February. This move is seen as a strategic decision to prevent
In a landmark move, the United Kingdom and Switzerland have inked a post-Brexit financial services deal, solidifying their positions as leading banking hubs in Europe. This groundbreaking agreement, known as the Bern Financial Services Agreement, aims to enhance cooperation between the two countries and establish a framework for future collaborations. British Finance Minister Jeremy Hunt
As we evaluate the price action of ETHUSD, a clear pattern emerges – a structure of lower highs and lower lows. This pattern indicates a downtrend in the market, reflecting the sellers dominating the buyers. This consistent series of lower highs and lower lows suggests a bearish sentiment in the market, where traders are taking
The UK 100 Index has recently showcased a significant uptrend, as it reaches and breaks through the upper Bollinger Band. This development points to a potential continuation of the bullish momentum in the market. The Bollinger Bands, a technical analysis tool, help traders identify levels of potential support and resistance. The breakthrough of the upper
The NZDUSD pair has been on an impressive winning streak, heading for its eighth straight day of gains. The bullish momentum is gaining strength, pushing the currency pair higher. However, there are concerns that this upward trend may be at risk of a negative correction. In this article, we will analyze the factors contributing to
China recently announced the termination of tariff cuts on certain chemical imports from Taiwan, alleging that the island has violated a trade agreement. This move comes as China continues to apply pressure on Taipei in the lead-up to the upcoming presidential and parliamentary elections scheduled on January 13, 2022. China has consistently regarded Taiwan as
The recent downturn in Wall Street has had a significant impact on Asian markets, with shares falling and Treasury yields nearing five-month lows. This comes as investors hope that Britain’s soft inflation reading will also be reflected in the upcoming U.S. price data. However, despite initial positive economic data in the U.S., the equities rally
The Indian Rupee (INR) struggled to find traction against the USD on Thursday, as concerns over rising inflation continued to weigh on the currency. The Reserve Bank of India’s (RBI) monthly bulletin highlighted the urgent need to bring down inflation to safeguard economic growth. Additionally, investors turned their attention to the upcoming release of the
As Asian markets gear up for Thursday’s trading session, investors find themselves on the defensive. The recent slide on Wall Street has cast a shadow over positive global inflationary figures reported earlier. Key economic and policy highlights for the region on Thursday include the Indonesian central bank’s policy decision, consumer price inflation and trade figures
The USD/CHF pair is experiencing a decline as the US Dollar (USD) weakens, despite the positive performance of US Treasury yields. With the 2-year and 10-year yields standing at 4.36% and 3.86% respectively, the USD/CHF trades lower around 0.8620 during the Asian session on Thursday. However, the US Dollar Index (DXY) remains at around 102.30,
The Australian Dollar (AUD) has retraced its recent losses on Thursday after pulling back from a five-month high at 0.6779. This pullback came after the US Dollar (USD) gained ground against the Aussie Dollar in the previous session due to improved economic data from the United States (US). However, the Australian Dollar’s upward momentum was