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"Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you're seeing the latest stre...
18/06/2022

"Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you're seeing the latest stresses," said Edward Moya, Senior Market Analyst, The Americas OANDA, on Saturday.

Moya said that "even the loudest crypto cheerleaders from the big rally are now quiet. They are still optimistic long term but they are not saying this is the time to buy the dip."

It has coincided with an equities slide, with U.S. stocks suffering the biggest weekly percentage decline in two years o...
18/06/2022

It has coincided with an equities slide, with U.S. stocks suffering the biggest weekly percentage decline in two years on fears of rising interest rates and growing likelihood of recession.

Bitcoin, the biggest cryptocurrency was last down 7.79% at $18,848, having earlier touched $18,732, its lowest since December 2020.

Investing.com - The U.S. dollar edged lower in early European trade Wednesday, consolidating near a 20-year high ahead o...
15/06/2022

Investing.com - The U.S. dollar edged lower in early European trade Wednesday, consolidating near a 20-year high ahead of the conclusion of the Federal Reserve's two-day policy meeting which is expected to result in more aggressive monetary tightening.

At 3:05 AM ET (0705 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% lower at 104.880, having climbed to 105.65 on Tuesday, its strongest since late 2002.

The currency remains near multi-year highs thanks to Russia's surging current account surplus and capital controls - rec...
15/06/2022

The currency remains near multi-year highs thanks to Russia's surging current account surplus and capital controls - recently softened - that Moscow introduced after the imposition of Western sanctions in a bid to stop a run on the rouble.

Insulated from the turmoil on global markets, Russian stock indexes advanced in trading in Moscow.

The dollar-denominated RTS index was up 0.56% to 1,280.3 points. The rouble-based MOEX Russian index was 0.52% higher at 2,301.7 points.

"With May (homebuying) demand 17% below expectations, we don't have enough work for our agents and support staff, and fe...
14/06/2022

"With May (homebuying) demand 17% below expectations, we don't have enough work for our agents and support staff, and fewer sales leave us with less money for headquarters projects," Redfin Chief Executive Officer Glenn Kelman wrote in a blog.

14/06/2022

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14/06/2022
14/06/2022

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