The surging price of Bitcoin could have partly driven interest in China's digital yuan project, according to CNBC. The People's Bank of China (PBOC) sees the digital yuan as a way to advance cashless payments — a digital version of the fiat currency which the central bank has been working on since 2014.PBOC Research Bureau Director Wang Xin said market interest in the … [Read more...] about Bitcoin Surge Partly Driving Interest in China’s Digital Yuan
Aeron (Scalper+Grid) Review
Aeron (Scalper + Grid) is a Forex robot that makes a large number of trades while earning profits from each of them. The vendor promises that this EA brings you maximum and stable profits in the Forex market while keeping the risk at a bare minimum. It is portrayed as a highly efficient system that can perform well in both volatile and stable markets. Detailed Forex Robot … [Read more...] about Aeron (Scalper+Grid) Review
S&P 500 Breaches 4,000 As Optimism Continues to Drive Bull Market
The S&P 500 rallied as much as 0.7% to breach the 4,000 mark as investors digested President Joe Biden's $2.25-trillion stimulus plan. It took about 21 months for the index to grow 1,000 points, while it took almost five years to rise from the 2,000 milestone to 3,000 in July 2019.The surge is driven largely by the climb in energy and financial shares amid the rollout of … [Read more...] about S&P 500 Breaches 4,000 As Optimism Continues to Drive Bull Market
U.S. Jobless Claims Rise To 719,000, Monthly Average Falls to One-Year Low
U.S. unemployment claims rose to 719,000 for the week ending March 27 after falling to the lowest levels since the pandemic hit in the previous week, the Labor Department reported. Initial claims increased by 61,000 last week from the previous week's revised level of 658,000, the lowest since the COVID-19 pandemic hit.The four-week moving average fell 10,500 to 719,000 to … [Read more...] about U.S. Jobless Claims Rise To 719,000, Monthly Average Falls to One-Year Low
GBP/JPY Rallies to 3-Year Highs as USD/CNY Edges Lower and Gold Under Pressure Amid Rising Yields
Disappointing economic data continue to pile pressure on NZD, AUD, and the yen against other majors mid-week. The Chinese yuan is strengthening against the dollar on impressive PMI data. The euro is losing ground against the pound as the COVID-19 situation in France and Germany arouse concerns. Gold is also on the back foot amid rising yields. It’s another … [Read more...] about GBP/JPY Rallies to 3-Year Highs as USD/CNY Edges Lower and Gold Under Pressure Amid Rising Yields
