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FX.co ★ Forex Traders Portal
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China faces massive financial outflow
According to Bloomberg, citing official sources, in April, Chinese banks sold a record amount of foreign currency, the most since late 2016. Last month, capital outflows from China surged. Banks...
BTC correlation with Nasdaq grows considerably
Bitcoin is showing a strong correlation with the Nasdaq 100 index, thus causing a lot of rumors in the crypto community. The pioneer cryptocurrency is once again leading...
Investors cheer stunning rally in global stocks
Global stock markets are overwhelmed by euphoria. Stock indices have hit historic records worldwide and are still extending their rally. Global stock indices have found support from benign economic conditions...
ECB: top three risks to Europe’s economy
Europe’s economy is navigating rough waters, threatened by three pressure factors: galloping inflation, soaring national debt, and banking sector stagnation. These economic challenges act as strong obstacles to its growth...
China sells record amount of dollar assets
In an effort to diversify away from American assets, Chinese authorities decided to offload their vast holdings of US Treasury bonds. According to Bloomberg, China sold a record $53.3 billion...
Samsung Shares Fall 3% After HBM Chips Fail Nvidia Tests For Use in US
Key Takeaways Samsung’s latest HBM chips, crucial for AI applications, haven’t met Nvidia’s standards due to problems with heat and power consumption. The news caused Samsung’s stock to drop while...
Who Needs an Off-Ramp? Ether.fi Plans Visa Card for Crypto Degens
The newest product from liquid restaking startup Ether.fi could finally help "paper rich" crypto degens turn their blockchain investments into spending money. Ether.fi Cash will be a mobile wallet...
Crypto Exchange OKX Withdraws Hong Kong License Application
OKX, the third-largest crypto exchange, withdrew its application to operate in Hong Kong. The exchange joins a growing number of applicants to have withdrawn from the approval process...