Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Dollar General Corp (NYSE: DG) with a price target of $285. The analyst believes the business should benef...
Tag: Dollar
Bitcoin ETFs, strict licensing and a digital dollar
In October, Toronto-based Coinsquare became the first crypto trading business to get dealer registration from the Investment Industry Regulatory Organization of Canada (IIROC). That means a lot as now...
Veteran Trader Boaz Weinstein Sees 200-to-1 Payoff Potential in Hong Kong Dollar Short
(Bloomberg) — Credit trading veteran Boaz Weinstein said he’s betting against the Hong Kong dollar, joining hedge fund industry peer Bill Ackman in publicizing his short position on the pegged c...
Stocks Boosted by Rate-Hike Outlook; Dollar Slips: Markets Wrap
(Bloomberg) — European stocks gained and the dollar fell after Federal Reserve meeting minutes showed support for more moderate interest-rate increases. Most Read from Bloomberg The Stoxx Europe...
China ‘likely’ stockpiling gold to lessen reliance on US dollar
This year, central banks have been on a buying frenzy for gold, but it is unclear which ones are responsible for most of that spending, which has fueled speculation that China is a major participant. ...
Multi-Million Dollar Short Bet on Curve Dao (CRV) Spells Trouble
The Curve DAO Token (CRV) price has decreased by 58% over the past three weeks. The reason for this could be several large, short bets causing heavy selling pressure. There seems to be a coordinated ...
Is the return of dollar longs the trade for the rest of the year?
The trading week started with the US dollar gaining ground across the FX dashboard. EUR/USD dropped more than -0.8%, AUD/USD as well, and USD/JPY traded above 141 again. The return or Dollar long trad...
Analyst Predicts Major Move for One Altcoin, Says Crypto Markets Primed for a Bounce as US Dollar Weakens
A closely followed crypto analyst is calling for rallies in one Ethereum-based altcoin and predicting an overall move in the digital asset markets on the back of a weaker US dollar. The pseudonymous a...
Fund Managers Are Turning Ever More Pessimistic on the US Dollar
(Bloomberg) — Asset managers are turning ever more bearish on the dollar amid bets that the Federal Reserve may be approaching the peak of its interest-rate hike cycle. Most Read from Bloomberg ...
U.S. Banks Launch a Blockchain Test for the Digital Dollar
Join Our Telegram channel to stay up to date on breaking news coverage The bankruptcy of FTX has rocked the cryptocurrency market to its very core, yet traditional financial institutions are stepping ...
US Banks Are Teaming Up To Explore The Possibilities Of A Digital Dollar With The Federal Reserve ⋆ ZyCrypto
Advertisement     Several U.S. banking institutions are working on a Proof-of-Concept digital money platform that could morph into a CBDC. The financial institutions a...
BC.GAME Offering Multi-Million Dollar Prizes And A Tesla Via Its World Cup Carnival
Advertisement     To celebrate the upcoming FIFA World Cup 2022, BC.GAME is giving away millions of dollars in prizes through its Coco’s Carnival website. As the offic...
Analysis of the Bitcoin-dollar price
In the wake of new market slumps, we will analyze the pricing of Bitcoin against the dollar, and Ethereum (ETH). This week’s tentative rises draw a still weak technical picture, dragging along doubts ...
Cardano (ADA) Commercial Arm Unveils Plan To Launch Fiat-Backed Stablecoin Pegged to US Dollar
The commercial branch of the Cardano (ADA) blockchain is revealing plans to launch a new fiat-backed crypto asset pegged to the US Dollar. In a new announcement, EMURGO says that it is gearing up to l...
DXY forecast as the US dollar index pulls back
The US dollar index (DXY) price remained in a consolidation mode as investors focus on the next actions by the Federal Reserve. It was trading at $106.50, where it has been this week. This price is al...
Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze
Gemini Dollar lending rates on decentralized finance (DeFi) lending protocol Aave soared as high as 73% on Wednesday after Gemini announced that withdrawals from its Earn product may be delayed due to...
U.S. Banks Launch a Digital Dollar Blockchain Pilot
While the crypto market is shaken to its core by the failure of FTX, traditional financial institutions are taking a step into the world of digital currency. A group of banking institutions—including ...
Euro Skeptics Want Proof Its Rally Goes Beyond the Dollar
(Bloomberg) — Investors caught off-guard by the euro’s sharp recovery from a two-decade low remain skeptical the rally has legs. Most Read from Bloomberg Helped by a massive selloff in the dolla...
This Firm Offers 8 To 12 Cents On A Dollar Of FTX User Deposit Claims
The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t reco...
U.S. Banks Launch Digital Dollar Pilot along with N.Y. Fed
U.S. banking giants are gearing up to start a 12-week digital dollar blockchain pilot in partnership with the Federal Reserve Bank of New York. A group of banking institutions, including Citigroup Inc...
Elon Musk’s Twitter Buyout Was A Billion Dollar Windfall For These 13 Hedge Funds
Wall Street billionaires Carl Icahn, Ken Griffin, Israel Englander and Daniel Loeb can thank Elon Musk for what might be 2022’s easiest money trade. For many hedge funds, Elon Musk’s $44 billion “forc...
The digital dollar pilot project is underway
The US central bank has initiated a pilot project to test the digital dollar. The digital dollar is nothing more than a natively digital version of the traditional dollar, in other words, the same cu...
Banking Heavyweights Start 12-Week Digital Dollar Pilot
A number of significant banks have started a pilot study with the Federal Reserve Bank of New York to see if it is feasible to use tokens that represent digital dollars to enhance the settlement of ce...
U.S. Banking Giants Start Digital Dollar Pilot
Alex Dovbnya This comes after the U.S. Treasury Department recommended issuing a digital dollar in September Citigroup, Wells Fargo, and other financial institutions are kicking off a new digital doll...
Asian Stocks to Rise on China Policy; Dollar Gains: Markets Wrap
(Bloomberg) — Asian equities looked set to open higher on Monday with support from the biggest weekly advance in US stocks since June and China’s policy shifts on Covid and property. Most Read f...
Dollar Climbs as Fed’s Waller Pushes Back on Dovish Rate Bets
(Bloomberg) — The dollar climbed against most major peers Monday after Federal Reserve Governor Christoper Waller pushed back on bets the US central bank was nearing the end of its hiking cycle....
US workers are earning just 12 cents more now than they did in 1972 — adjusted for inflation. Try these 3 easy hacks to make your dollar fly further
‘Something that should concern us all’: US workers are earning just 12 cents more now than they did in 1972 — adjusted for inflation. Try these 3 easy hacks to make your dollar fly further Rampant inf...
Dollar Is Still King for Strategists Looking Beyond Rout
(Bloomberg) — The dollar has notched up its worst week since the early days of the Covid pandemic, but analysts think a long-running stampede for the greenback might not be over just yet. Most R...
Dollar Index (DXY) Parabolic Rise Breaks Down as US Inflation Declines
The U.S. dollar index negatively correlates with traditional stocks and the cryptocurrency market. If the DXY has indeed already reached the macro top of this cycle, it is likely that Bitcoin has alre...
Popular Crypto Analyst Breaks Down Bitcoin (BTC) and US Dollar Strength in the Wake of FTX Fiasco
A widely followed crypto analyst is looking at the wider crypto markets following this week’s FTX meltdown. Crypto analyst Justin Bennett tells his 111,400 Twitter followers that king crypto Bitcoin (...