The New Zealand Dollar turned lower as expected, breaking the rising trend guiding the currency higher against its US counterpart since early December. The plunge played out against a backdrop of risk aversion that gripped financial markets amid worries about a steep Fed rate hike cycle. Near-term support is now at 0.7186, the 38.2% Fibonacci retracement, with a break below that on a daily closing basis opening the door for a challenge ...
Investors have pointed to many different factors as causes for the drop. “At first, people said it was Bitcoin futures expiring,” says Kyle Samani, managing partner at Austin-based crypto investment firm Multicoin Capital. Some have cited reports that China is planning to ban crypto-asset trading on all exchanges, including those based in other countries. Others discussed impending U.S. regulation or claimed that people were selling to pay taxes, according to Samani. And Monday’s steep drop in the ...
Spice Girls hinted at a reunion Friday as the "Wannabe" group promised "exciting possibilities that will once again embrace the original essence of the Spice Girls." Word of a potential reunion first surfaced after Halliwell posted a photo of the five Spice Girls posing together on Instagram. Hours later, the pop quintet confirmed in a statement they would bring back "Girl Power" in some capacity. "We are always overwhelmed at how ...
CHINA plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores. The moves were outlined in a report on Sunday by Financial News, a publication under the People’s Bank of China, which said the aim was to snuff out the “dying cinders” of cryptocurrency trading and initial coin offerings “which are glowing once more.” ...
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