Archive for April 2021
Digital Asset Insights #13
Gas is rising and not in your vehicle
As the month comes to a close, Ethereum mining experiences its first rise in gas limit. The limit raised to nearly 15 million aims to relieve the congestion experienced during a transaction. This rise in limit met an increased price in the ether by 2.8% at $2,456. With the increased limit, there is bound to…
Read More FX Market View #8
Market remains uncertain in holding Dollars
The US Dollar settled in for a challenging week, unable to build any gains or forward momentum instead consolidating lower against the majors. A similar currency market situation prevailed in the previous week, as investor lacked the belief and desire to buy Dollars on the back of a surging domestic economy. As a consequence the…
Read More Digital Asset Insights #12
New ETFs launched and crypto payments get an uplift
Last week was filled with a lot of activities quite unlike the one before. With so many things going on in the digital currency community, a few things are worth noting. During the week, CI Global Asset Management and Purpose Investment were approved to launch an exchange-traded fund (ETF) in Canada. This new ETF offers…
Read MoreJoin Peter Kristensen at the inaugural Open Business Summit
Join Peter at the first Open Business Council global summit with over 20 + Government and Institutional leaders as well as 120 + Industry Experts on 21st of April at 9:30 GMT +1 where Peter will be speaking on De-Fi and digital asset investing alongside an esteemed group of panellists. Tackling smart businesses, governments and…
The post Join Peter Kristensen at the inaugural Open Business Summit appeared first on JP Fund Services.
Join Peter Kristensen at the inaugural Open Business Summit
Join Peter at the first Open Business Council global summit with over 20 + Government and Institutional leaders as well as 120 + Industry Experts on 21st of April at 9:30 GMT +1 where Peter will be speaking on De-Fi and digital asset investing alongside an esteemed group of panellists. Tackling smart businesses, governments and…
Read More FX Market View #7
Dollar fails to consolidate on positive data
The US data released during the last week confirmed the market expectation of a rebounding economic recovery. However, despite the data behind a surging US economy, the situation for the Dollar is less than positive. The gains that we made by the greenback earlier in the week, could not be consolidated. As a consequence, the…
Read More Digital Asset Insights #11
Central Bank Digitization on the rise
This new week seems to be geared towards the digital asset space which, as many believe, is getting ready for another surge in price. While many are holding their positions, others secure theirs by adding more to what they have already. A case in point is Meitu, the Chinese application developer that increased its total…
Read More FX Market View #6
Eyes on inflation as market gauges Dollar’s path
Global economic data released in the days following the East holiday period disappointed markets, with investors returning to the US Dollar. The weekly jobless claims unexpectedly increased in the US initially pressuring the greenback lower. However, as Europe released weaker than expected industrial output data the Dollar made a comeback. US 10-Year Treasury yields tick…
Read More FX Market View #5
Dollar is trending higher from an elevated position
The trading week was shortened by the Easter holiday period, with most financial closing on the Friday. However the few exchanges in the Asia Pacific region that remained open did experience market advances. As for the currency markets the US Dollar produced mixed results during the week. Unexpected strengthening in US employment data would normally…
Read More Digital Asset Insights #10
SEC raises regulation calls and Visa backs crypto
This week marks both the end of March and the beginning of April. Filled with such promise, the week saw the emergence of various noteworthy events. The first is the Mayor of Miami’s intention to turn the city into a “clean energy” bitcoin mining hub. The Mayor, who in an interview, stated that bitcoin had…
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