News
BOJ Cites Need For Continued Easing The governor of the Bank of Japan, Haruhiko Kuroda, today defended the BOJ’s intervention in FX markets last week. The BOJ was seen selling massive amounts of USD in its first such operations since 1998, in a bid to counter further depreciation of the Yen. Kuroda cited the need […]
Markets React Negatively to UK Government Mini-Budget The British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its lowest level on record. We’ve seen similar scale moves across the board with EURGBP and GBPJPY both seeing wild moves also, the latter […]
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. 834 Total views 6 Total shares The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the […]
Shares of Purple Innovation Inc. PRPL, +2.30% sank 4.5% in premarket trading Monday, after the mattress maker said it adopted a shareholders rights plan, in an effort to buy time to evaluate the unsolicited buyout bid by large shareholder Coliseum Capital Management LLC. The rights plan, also known as a “poison pill,” was adopted on […]
The Nvidia GeForce RTX 3080’s price dropped from $1118, or 8,000 yuan, to 5,000 yuan within three months, according to a Chinese merchant. 254 Total views 4 Total shares As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9705 and then resume moving downwards to reach 0.9310. Another signal in favour of a further downtrend will be […]