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Russia Legalizes Cryptocurrencies Terming Them Property
Photo: Arnab Shome
The Russian State Duma has passed a bill on Wednesday legalizing cryptocurrencies in the country and also properly defining them.
As reported by local news agency TASS, the legislative body approved the draft bill in the third reading.
In Russia, any digital currency will now
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Gold Price Approaches US$2,000/oz amidst Low Real Yields, Rising Inflation Expectations and Geopolitical Tensions
Gold’s rally has accelerated with the front-month Comex contract making new highs for two consecutive dates. We believe the recent relentless rally of the yellow metal is driven by a number of factors: low real rates, expectations of higher inflation as a result of ultra expansionary monetary policy
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AUD/USD now looks to visit to 0.7200 – UOB
In light of the recent price action, FX Strategists now forecast a probable move to the 0.7200 area in AUD/USD in the next weeks.
Key Quotes
24-hoour view: “We expected AUD to consolidate and trade between 0.7100 and 0.7180 yesterday. While AUD traded sideways, the range of 0.7091/0.7162 was slightl
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Gold going crazy!!!
XAU/USD completed their multi-year inverse head and shoulders pattern, a bottoming effort that validates the long-term bullish technical narrative. But that doesn’t mean that more gains aren’t still ahead: all-time highs are well-within reach.The gold price rally remains bolstered by
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EUR/CHF trades on the defensive below the 1.0800 mark
EUR/CHF loses momentum near the 1.0830 region on Tuesday.
The cross recedes from Monday’s multi-week tops in the 1.0835/40 band.
The Swiss franc stays underpinned by the current safe haven demand.
The now better tone around the Swiss franc has prompted EUR/CHF to give away part of Monday’s advance
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JPX Reports 12.4% YoY Uptick in Operating Revenue in Q1
Photo: Bloomberg
The Japan Exchange Group, Inc. (JPX) joins the growing list of companies to publish their financial results, with the exchange operator revealing its financial performance for the three months ended on the 30th of June 2020 this Wednesday.
JPX operates multiple securities exchange
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