Text size Apple is more exposed to the consumer economy than other tech hardware companies. Photo by DANIEL SLIM/AFP via Getty Images Apple will report June quarter earnings late Thursday, and CEO Tim...
Tag: Dollar
US Dollar Index (DXY) Regains Momentum Near $107; What Does It Mean?
The U.S dollar index is living up to its reputation as the “king’ of the market lately. Despite a shallow pullback in the previous week, the US dollar stays grounded near the $106.0 mark. The risk-ave...
Tether Finds Stable Dollar Peg After Terra’s Collapse
In other words, tether has passed the market’s stress test, withstanding redemptions in volatile conditions and eventually reclaiming the peg. “The past two months have definitely been a s...
Crypto-Linked Stocks See Billion Dollar Bump From Retail
Cryptocurrency-related stocks saw inflows of nearly $1 billion dollars last week, due to a resurgence in retail investment, according to a report from VandaTrack. Last week, Marathon Digital Holdings...
Dollar or bitcoin to win out over next few weeks?
During the current downward trend in equities and cryptocurrencies over past weeks, the dollar has been without doubt the currency that has fared the best. It remains strong against a basket of world ...
Why is the dollar dominating? Because the U.S. is ‘the cleanest dirty shirt’
The U.S. dollar has had an incredible run throughout 2022, appreciating against most major currencies as the world’s central banks continue to combat rising inflation. This year alone, the dollar is u...
Japan Is a Reminder of How Situational Today’s Inflation ‘Hawk-ery’ Is
What happens when words lose their meaning? Confucius made plain that freedom is what suffers under such a scenario, and it seems he might be vindicated yet again. For background, let’s consider the p...
Cancer drug sales help Johnson & Johnson withstand the hit from a stronger dollar
Johnson & Johnson (NYSE: JNJ) recorded quarterly results that surpassed financial analyst estimates in large part because of the strength of its pharmaceutical department, even as it cut its annua...
Get That Million Dollar Portfolio With These Top Crypto Gems: Gnox (GNOX), Decentraland (MANA), and STEPN (GMT)
In recent years, the value of many cryptocurrencies has increased significantly. In fact, if you had invested in cryptocurrencies ten years ago, you might now be worth $1,000,000! Investors are becomi...
Bitcoin miners sell BTC to cover their dollar obligations, Core Scientific CEO says
Core Scientific CEO and co-founder Mike Levitt says the crypto market space is indeed feeling the heat of the crypto winter, with a price crash across cryptocurrencies impacting mining companies’ deci...
Bitcoin lurks by $22K as US dollar falls from peak, Ethereum gains 20%
Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto rise as dollar weakens Data ...
The Dollar Uptrend Is Likely To Continue
Photographer: Dimas Ardian/Bloomberg © 2022 Bloomberg Finance LP According to the longer-term view, the dollar is likely to continue to rise. This projection is based upon the breakout that that is de...
Should you buy or sell the euro amid regaining the 1.02 level against the US dollar?
Two days before the European Central Bank (ECB) meeting, the common currency, the euro, is increasing. After briefly trading below parity last week, dropping into the 0.9950 area against the US dollar...
Why is the dollar so strong?
The dollar’s dominance in the forex markets continues, as last week we witnessed the significant milestone of $1 trading for €1. With the rate being $1.20 only a year ago, it’s a staggering march by t...
Dutch bank grants Binance a 5% discount on multi-million dollar fine
Binance Holdings has been fined more than €3 million for operating in the Netherlands without registering with the Dutch Central Bank (DNB). Dutch law states that any organization wanting to offer cry...
The Dollar Prowls Below Highs as Fear Arises Surrounding Europe’s Gas Supply
The combination of wobbling economics in China and Europe and the rising interest rates in the United States has led the greenback to soar this year. It pushed the numbers above parity for the first t...
Stocks, US Equity Futures Climb as Dollar Dips: Markets Wrap
(Bloomberg) — Stocks and US equity futures rose Monday amid scaled back bets on how aggressively the Federal Reserve will hike interest rates and as investors assessed Chinese pledges to shore u...
A Strong U.S. Dollar Raises Risks for Everyone
Text size The strong dollar is especially bad news for tech companies that realize much of their profits abroad. Sean Gallup/Getty Images Nothing can stop the dollar—and until something does, expect m...
The True Inflation ‘Crisis’ Is a Redefinition of the Word ‘Inflation’
The Washington Post’s Catherine Rampell should in a sense be cheered for her willingness acknowledge an inflation that’s said to be happening on the watch of President Biden. There’s not enough inward...
Unstoppable Dollar Risks Worsening $71 Billion Asia Stock Exodus
(Bloomberg) — The dollar’s relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half. Most Rea...
Gold Set for Longest Run of Weekly Losses Since 2018 on Dollar
(Bloomberg) — Gold is heading for its fifth weekly loss, the longest streak of such declines in almost four years, with haven credentials sidelined by investors becoming super-bullish on the US ...
Create a Million Dollar Legacy by Investing in Uniglo (GLO), Mina Protocol (MINA), and Qtum (QTUM)
Sometimes, selecting your investment isn’t just about you. For many people, investments are for leaving something behind for their family and loved ones. As an area with strong earning potential, the ...
Investments in These Crypto now Could Create Million Dollar Wealth by End of 2022: Uniglo (GLO), Amp (AMP), and Gala (GALA)
Some cryptocurrency prices are on their way back up, but the journey has been sluggish. Some cryptos, however, will be ending 2022 at a much higher note that the rest. And the right time to buy them i...
The U.S. dollar hasn’t been this strong against the euro in 20 years. Here’s what happened next.
A gutsy contrarian bet right now is that the strong U.S. dollar will weaken, particularly versus the euro. A secondary bold bet is that U.S. stocks will lag international equities. Dollar weakness wou...
Why the soaring dollar and crashing euro are rattling global markets: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 15, 2022 Today’s newsletter is ...
Euro Slips Below Dollar as Europe’s Economic Fortunes Slump
The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war in Ukraine. But unlike the last time the euro was this weak 20 years ago, nobody i...
As US Dollar Index Surge, Bitcoin Price Finds Support At $19,000 Level
This year, the US stocks and Bitcoin’s correlation is recorded lowest this year. When the 40-day connection between the world’s first cryptocurrency and Nasdaq 100 is considered, there is a fall below...
Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high
Bitcoin (BTC) found a new focus at just under $20,000 on July 14 as United States dollar strength hammered out yet another two-decade high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ...
Latest Inflation Surprise Sends Treasury Curve And U.S. Dollar To Record Levels
UNITED STATES – JULY 6: Gas prices are displayed on a sign at a gas station in Williams, Ariz., on … [+] Wednesday, July 6, 2022. (Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Ca...
Two-Thirds of Public Commenters Oppose US Adopting Digital Dollar: Cato Institute
“The fact that two-thirds of the over 2,000 commenters are pushing back against the idea of a CBDC shows not only that this is not the niche issue it once was a few years ago, but also that Americans ...