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FOREX-Dollar Holds Above 2018 Lows Ahead Of U.S. Jobs Report

2021-01-14T08:57:36Z

BrookHigbee: Created page with " By Iain Withers LONDON, Jan 8 (Reuters) - The dollar held above a 2018 low against other major currencies on Friday ahead of fresh U.S. jobs data likely to give..."

By Iain Withers LONDON, Jan 8 (Reuters) - The dollar held above a 2018 low against other major currencies on Friday ahead of fresh U.S. jobs data likely to give clues on the extent of fiscal stimulus needed to prop up the coronavirus-hit economy. The greenback bounced off a nearly three-year low on Thursday as a rise in U.S. yields triggered some unwinding of bearish bets on the currency, with traders taking profits against the euro in particular. Democrats won effective control of the Senate this week, while chaos gripped Washington. Congressional Democrats on Friday weighed impeaching President Donald Trump for a second time after his false claims of election fraud helped encourage a mob that stormed the U.S. Capitol. The [http://ms-jd.org/search/results/search&keywords=Democrats%27%20Senate/ Democrats' Senate] seat wins give President-elect Joe Biden scope to push through more spending, which analysts predict will fuel risk appetite and be negative for bonds and the dollar. "I think once this euphoria dies down, the dollar is likely to resume its downtrend trend, because I don't think the Fed will be so eager to taper," said Marshall Gittler, head of investment research at BDSwiss, in a note. "I think the U.S. employment picture is likely to lag that of other countries and therefore the U.S. tightening cycle is likely to lag. That makes the picture for the dollar negative, in my view." The dollar index dropped 7% in 2020 and as much as 0.9% in the first few days of the new year on expectations of U.S. fiscal stimulus. On Friday, the index was up a quarter of a percent at 90.047, after its biggest gain in more than two months on Thursday. It remains on track for a weekly decline. U.S. non-farm payrolls for December is due at 1330 GMT, with the median expectation in a Reuters poll for +71,000 jobs, down from +245,000 in November. Several major currencies weakened versus the dollar, with the euro down as much as 0.5% at $1.22130, while the Japanese yen touched a fresh three-week low of 104.090 yen . [http://freebitco.in/?r=14268596&tag=gsfull Win bitcoin] slid around 2% to around $39,000, after smashing through $40,000 for the first time on Thursday. ([http://www.wonderhowto.com/search/Reporting/ Reporting] by Iain Withers, Additional reporting by Kevin Buckland in Tokyo; Editing by Kim Coghill)

Bitcoin Hits 40 000 For First Time But Pullback Likely Imminent

2021-01-14T08:10:18Z

BrookHigbee: Created page with " By Gertrude Chavez-Dreyfuss and Chuck Mikolajczak NEW YORK, Jan 7 (Reuters) - Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that h..."

By Gertrude Chavez-Dreyfuss and Chuck Mikolajczak NEW YORK, Jan 7 (Reuters) - Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700% from a March 12 closing low. Increased demand from institutional, corporate, and more recently retail investors has powered bitcoin's surge this year, attracted by the prospect of quick gains in a world of ultra-low yields and negative interest rates. The world's most popular cryptocurrency climbed as high as $40,402.46 and was last up 6.1% at $39,100. It crossed $30,000 for the first time on Jan. 2 and $20,000 on Dec. 16. Smaller coins ethereum, the second largest in terms of market capitalization, and XRP, the fourth biggest, gained 1.8% at $1,231 and 31% at 32 U.S. cents, respectively. Both [http://www.britannica.com/search?query=currencies currencies] often move in tandem with [http://www.reddit.com/r/howto/search?q=bitcoin bitcoin]. Some investors viewed [http://freebitco.in/?r=14268596&tag=gsfull Win bitcoin] as a hedge against inflation amid enormous monetary stimulus aimed at battling the economic devastation caused by COVID-19. Market participants though warned a correction could be in the cards after a scorching rally. "While further growth is inevitable, investors should not expect this to move in a straight line," said Gavin Smith, chief executive officer of cryptocurrency consortium, Panxora Group. "The reality is that bitcoin is far from being a magic money tree, nor is it free from downward price swings. In fact, we can expect dips as sharp as 25% at times as investors periodically withdraw profits," he added. Bitcoins surge happened as the market cap for the entire cryptocurrency sector topped $1 trillion on Thursday, according to data trackers CoinMarketCap and CoinGecko. Glassnode, which provides insight on blockchain data, noted that retail interest in bitcoin has increased the last few weeks, with the number of bitcoin addresses or wallets holding a "non-zero amount" of the virtual currency reaching an all-time high of more than 33 million. The information provider also said while interest in bitcoin and news coverage have grown, it is far from being in bubble territory. The number of daily new bitcoins has still not reached 2017 levels, Glassnode said, suggesting the currency is experiencing strong organic growth in adoption, but not the sort of "viral growth typical of a bubble." (Reporting by Gertrude Chavez-Dreyfuss and Chuck Mikolajczak; Editing by Chris Reese and Aurora Ellis)

User:BrookHigbee

2021-01-13T14:18:21Z

BrookHigbee:

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User:BrookHigbee

2021-01-10T19:28:47Z

BrookHigbee: Created page with "Hello! My name is Brook and I'm a 29 years old boy from Switzerland. Stop by my blog ... [http://freebitco.in/?r=14268596&tag=gs2 Win bitcoin]"

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