Digital asset platform Uphold announced on Thursday the introduction of free Bitcoin trading for its customers, a move aimed at "onboarding" as many people as possible into the digital asset platform. Uphold customers will now be able to buy and sell Bitcoin free of charge using national currencies such as the U.S. dollar and the euro until further notice.
The offshore yuan's rally is set to push the onshore unit after trade resumes following China's Golden Week holidays next week. What Happened: Offshore yuan, which was trading near the 7.14 mark against the dollar on Sept. 30, has risen to the 7.048 level as of Thursday.
By RoboForex Analytical Department. The Pound Sterling keeps trying to reach stability against the USD. After the Bank of England revised its stance on supporting the country's economy and decided to buy government bonds instead of selling them, the Pound got too much stress and dropped to multi-year lows.
The British pound plummeted to a record low against the dollar last week, reacting to the incoming Prime Minister Liz Truss- led government's tax cuts announced as part of the new economic policy. What Happened: Rich Dad, Poor Dad author Robert Kiyosaki on Saturday took to Twitter to give a stark warning about the U.S. dollar.
Last Thursday was an incredibly volatile trading session for the USD/JPY. USD/JPY 1M There are some parallels between 1998's intervention and 2022's. For one, the price level in 1998 was cracking 146.00 when the BoJ stepped in. Before last week's intervention, the pair was trying to sustain a break above the 145.00 key resistance, almost reaching the 146.00 price level.
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar implied volatility.
The CNN Money Fear and Greed index shower further rise in the fear level after Wall Street closed lower on Monday. The Dow Jones fell into a bear market on Monday, while the S&P 500 recorded a fresh closing low level for the year. The British pound tumbled to a record low level versus the U.S. dollar on Monday.
After the British pound tumbled to its record low on Monday following the U.K. government's huge tax cut announcements, speculators in the options market are taking positions that indicate the currency will fall to $1 or below, reported Bloomberg.
The U.S. Dollar Index, which measures the strength of the dollar against a host of major currencies, is reaching 20-year highs and that's bad news for businesses like Nike Inc, which releases earnings on Thursday. First, a little insight. When the U.S. dollar gains strength in relation to other currencies, the U.S. Dollar Index rises.
The S&P 500 added to last week's losses on Monday as the index drifted closer toward its June intraday low of 3,636.87. The S&P 500 traded as low as 3,647.74 Monday as investors consider whether the June lows will hold as technical support or stocks are headed to fresh 52-week lows in coming days. Pound Falling: Turbulence in the U.K. has rattled global financial markets.
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