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China Backslides while Taiwan Starts Talks with the US

The first half of 2021 closes with a proper vaccination campaign in developed nations, and the gradual lifting of global lockdowns. This has reflected good results for the dollar, 10-year US Treasuries, gold, oil, and the S&P 500, the big
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Gold on Its Way to Over 4-year Lows

Yesterday’s trading session was positive for the S&P500 and the Nasdaq. The S&P 500 was up 0.1% while during this morning’s Asian session, the Nasdaq was up 0.3%. The dollar firmed while 10-year US Treasuries and oil rose. Gold fell.
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Bitcoin Could be a Legal Tender at Mexico’s Banco Azteca

A new trading week begins today for global markets. After an eventful weekend for the cryptocurrency markets, Bitcoin is hovering around $34,455 at the time of writing. Certain events during the weekend have caused volatility in cryptocurrencies. In particular, the
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China Starts Cutting Fiscal Stimulus as the Fed Mulls Over it

Yesterday, the People’s Bank of China (PBOC) raised the short-term cash rate for the first time since March. The gesture marks a shift in the economic approach to the post-COVID19 recovery. While the Federal Reserve (Fed) continues to debate how
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Bitcoin Recovers from Dramatic Fall Below $30,000

Bitcoin extended gains during today’s Asian trading session, rebounding from a fall below $30,000. The digital coin is trading at $34,154.70 at the time of writing. During Tuesday’s US trading session, Bitcoin fell 12% and was trading at $28,824 –
escalates crypto crackdown

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Bitcoin Keeps Plunging After China Escalates Crypto Crackdown

The price of Bitcoin and other cryptocurrencies plunged on Monday as China’s central bank gathered officials from the country’s biggest banks and payment processors to recap on a cryptocurrency services ban and to instruct them to adopt a more active
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Taxes to be Imposed on Multinational Companies

The G7 reached an agreement to tax multinational companies on foreign earnings, allowing governments to impose taxes on US tech giants such as Amazon and Facebook. The details of the pact have yet to be determined, but the agreement reached
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Gold Experiences Slight Rise, WTI hovers around $70

Yesterday, US markets closed with slight declines in major indices such as the Dow Jones and the S&P 500. In contrast, the Nasdaq rose 0.9% on the back of gains in technology stocks. In this morning’s Asian session, the S&P