Bitcoin price accelerated above $50000 for the first time since Dec. 13. Major U.S. stock indexes also rose amid improving U.S consumer sentiment in December. That said, Increased demand for the riskier asset fuels the bullish trend for BTC. For the past months, fears of the rapid spread of the Omicron variant, regulatory concerns and [...]
Gold prices held steady in holiday thinned trade on Thursday. The rationale for the move is due to the a weaker dollar offset amid renewed risk appetite which is boosted by an encouraging Omicron study and increased optimism around the global economic outlook. The United States on Wednesday authorized Pfizer Inc's PFE.N antiviral COVID-19 pill [...]
Pound seems to recover against the greenback during early Wednesday. The GBP/USD quote is seen to cheer the market’s optimism the previous day to snap a two-day downtrend. However the Omicron fears and Brexit woes challenge the pound and the cable traders are keen on the upcoming GDP quarterly report. Omicron infections are multiplying across [...]
Japanese Nikkei declined against the US dollar during the Asian session Tuesday. This move can be related to the firmer US Treasury yields and the risk-off market mood. The US Treasury yields posted 2.3 basis points (bps) of an upside to 1.42% after declining to the monthly lows. On the other hand, Japanese policymakers are [...]
