Fast-forwarding nearly 80 years we enter what feels like the eye of a digital currency storm. Bitcoin – the most famous and dominant of all cryptocurrencies – has a market cap of $383 billion dollars and is such an actively traded instrument that it’s widely recognized as a legitimate asset class. First mined in 2009, the crypto […]
The yen slid against the dollar on Friday after a Reuters report that the Bank of Japan (BOJ) is leaning towards keeping its key yield control policy unchanged next week, ahead of a crunch run of central bank meetings that includes the U.S. and Europe. BoJ policymakers prefer to scrutinise more data to ensure wages […]
A look at the day ahead in U.S. and global markets from Mike Dolan As markets blew the froth off this year’s extraordinary rally in Big Tech stocks on Thursday, the dollar clocked its best day – and likely its best week – for more than two months. After the first real edgy day on […]
Customer withdrawals from MG Community Credit Cooperatives (MGCCC), a troubled South Korean credit union, have clearly stabilised amid government efforts to ward off a liquidity crunch, the interior ministry said on Wednesday. South Korean state-run banks this week pledged to offer liquidity support totalling at least 2 trillion won ($1.55 billion) to MGCCC, after media […]
A look at the day ahead in U.S. and global markets from Mike Dolan World markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar slide to two-month lows that’s revved-up yen and sterling gains. The importance of the monthly U.S. consumer price report for Federal Reserve thinking and the […]
With a legacy rooting back to 2007, AAAFx creates a more prominent profile in Asia. Following a successful half-year tour including some of the most prestigious fintech events around the world, such as iFX EXPO Dubai in early January and more recently the Finance Magnates Africa Summit (FMAS:23), the financial firm is looking forward to the next […]
