Market Overview - Page 441

An Illinois man who won the lottery earlier this year has invested half of his winnings into bitcoin. The man who posted the score via Reddit confirmed on Monday that he had purchased roughly $178,000 worth of BTC back in.

The People’s Bank of China’s (PBOC) set its daily midpoint fix for the yuan on Wednesday at 7.0080 per dollar — its strongest since August 8. That comes a day after the currency traded below the historical support level of.

Bitcoin (BTC) trading is coming under the spotlight this week after another flash crash sparked concerns that traders are manipulating markets. As various social media users noted, including statistician Willy Woo on Nov. 5, unusual occurrences on exchanges give reason.

Canadian investment fund manager 3iQ received initial approval on its long road to launch a closed-end bitcoin fund on either the Toronto Stock Exchange or the TSX Venture Exchange later this quarter. The firm said on Wednesday that it received.

The Chinese yuan soared past 7 per U.S. dollar on Tuesday, climbing to a fresh three-month high as investors became increasingly hopeful about the chances of a possible trade deal between the world’s two largest economies. The currency jumped above.

OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy. In its closely-watched annual World Oil Outlook (WOO), the Middle East-dominated.

China and the US continue to note progress in trade talks, that pushes markets up. Japan’s Nikkei225 jumped 1.3% today to 13-month highs. The European Euro50 has been trading close to its January 2018 highs. The US major indices updated.

Market overview FX: The dollar added on Monday to major currencies. DXY rose to 97.45, where it is turning to decline to 97.3 now. GBPUSD lost 0.2% per day to 1.29; EURUSD retreated to 1.1140. Currency market volatility is gaining.

The crypto giant Ripple continues to sign up more banks around the world on its global network RippleNet. As reported by U.Today previously, in Asia and Japan, Ripple is pushing its blockchain technology forward via its partner – the financial.

Americans continue to convince the markets of the possibility of concluding a trade deal soon. US Secretary of Commerce Wilbur Ross expressed optimism about the conclusion of the first phase of the agreement later this month. This news has supported.

Market overview FX: Strengthening the dollar after a strong US employment report was short-lived. DXY closed Friday at 2-week lows. GBPUSD almost unchanged this morning, stayed at 1.2930; EURUSD little changes since Thursday’s levels at 1.1150. Currency market volatility reduced.

Microsoft Japan tested a four-day workweek and has found the experiment a huge boon to employee productivity. The tech giant recorded an almost 40% jump in productivity levels after cutting its work hours as part of a wider project to.