On July 2, a cryptocurrency called “Bitcoin” surged to $5,935.70, up 4.6 percent from a year earlier.As of July 5, it’s worth $5.1 trillion.The gains followed a rally on July 1 that saw the cryptocurrency surpass $1,000, up from $7,849.90 a year ago.“The cryptocurrency market has always been volatile,” says John Murphy, founder of the […]
Fox News reporter Daniel Boeselhaus is on the ground in Auckland today.He reports from the city where he’s living in the past two weeks.In the lead up to the election, the city had been rocked by the coronavirus pandemic and the closure of all public transport.The city has since reopened.Boeselaus said the city’s recovery has […]
President Donald Trump is taking steps to reshape U.S. foreign exchange trading strategy, according to people familiar with the plan.Trump is proposing a foreign exchange-driven strategy that would allow him to sell more foreign currency to foreign governments, according an outline provided to lawmakers.Trump’s new strategy, first reported by The Hill, is meant to counter […]
Foreign exchange brokers in Barcelona are in for a surprise.On Monday, the European Central Bank (ECB) will open a new facility in Barcelona, the first of its kind in Spain.The facility will serve as a clearinghouse for foreign exchange and will house the ECB’s national clearinghouse.The ECB will also establish a clearing house for euro […]
The value of foreign exchange is expected to continue to soar as investors look to diversify their holdings.As the U.S. dollar recovers from a seven-week slide, investors are turning to foreign exchange to diversified their portfolios and avoid volatility.But when it comes to buying foreign exchange on a global level, you have to consider what […]
By now, you’ve probably seen some of the headlines about the Bank of Japan and other financial institutions shifting to foreign exchange accounts.However, it’s important to understand how this will affect your bank accounts, particularly for the ones you do have.Foreign exchange accounts are managed by the Bank for International Settlements, or BIS.It is a […]
Foreign exchange rates are the most valuable commodity in the world, but there are many things that affect the value of a currency.A good way to gauge how valuable a currency is, or how it can be used, is by calculating its annual inflation rate.The more you use it, the more inflation you’ll experience, which […]
In the past few weeks, I’ve been talking about foreign exchange futures on our Futures blog.We’ve also been covering the foreign exchange market for a few months.In the short term, it’s really interesting to see how the global exchange market has evolved.The major foreign exchange markets in the world have become quite dynamic in the […]
Over the past week, investors have been buying gold in anticipation of an interest rate increase from the Federal Reserve.As of this writing, that rate hike has not happened.Investors are buying gold as a way to hedge their bets, and they are hoping the Fed will make a decision that would allow them to make […]
A few years ago, when I was still living in the U.K., I could get a movie from iTunes without using an iPad.In some cases, I could watch the movie on my iPad.Today, it’s no longer that simple.Today I can stream my iTunes movies on my Apple TV.And yes, that means you can watch movies […]
