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1 Article
Source: Common Domain

Dollar edges toward 22-month high as Swiss franc and Aussie dollar tumble

Tuesday 23:40 GMT

The U.S. dollar moved higher on Tuesday, gaining ground against most of its major trading partners and edging toward its highest level in almost two years.

Read: Why the peak for the U.S. dollar may have already been hit, say Macquarie analysts. The Swiss franc USDCHF, +0.6104%  is the worst-performing major currency, falling 0.7% versus the greenback.

1 Article
Source: Common Domain

Bitcoin scores a ‘golden cross’ — and now everyone is bullish

Tuesday 23:40 GMT

“The technical picture for [bitcoin] is looking increasingly bullish on the daily charts with the fabled bullish ‘golden cross’ slowly coming into play,” said Lukman Otunuga, research analyst in a Tuesday note.

Instead of obsessing over the volatile price movements, it is important to stay focused on the underlying fundamentals of the transaction settlement network,” said Anthony Pompliano, founder and partner at Morgan Creek Digital, citing the improving hash rate — a measure of bitcoin miners performance — and the continued rise in transactions on the bitcoin blockchain.

1 Article
Source: Common Domain

FTSE 100 trades at more than 6-month high as major oil companies rally

Today 06:04 GMT

The commodity-heavy FTSE 100 got a lift after the U.S. on Monday said it would cease to allow countries from importing Iranian oil, deciding not to renew waivers, set to terminate May 2, which were granted to countries including China, India and Turkey.

As oil prices climbed, shares of Royal Dutch Shell RDSA, +1.84% were up 1.7%, and BP PLC’s stock BP., +2.17% gained 2.2%, with shares of Tullow Oil PLC TLW, +3.26% climbing 4.2%.

1 Article
Source: Common Domain

Dollar hits 22-month high as Swiss franc and Aussie dollar fall

Today 03:20 GMT

The U.S. dollar moved higher on Tuesday, gaining ground against most of its major trading partners and hitting an intraday 22-month high.

Read: Why the peak for the U.S. dollar may have already been hit, say Macquarie analysts. The Swiss franc USDCHF, +0.4332%  is the worst-performing major currency, falling 0.5% versus the greenback.

1 Article
Source: Common Domain

The Morning Ledger: Trade Deal Alone Won’t Fix Strained U.S.-China Business Relations

Monday 23:40 GMT

Rounds of tariffs, investment restrictions and sharp rhetoric have sapped investment, investment specialists said, as some Chinese and U.S. companies rethink their businesses through the prism of prolonged U.S.-China trade tensions.

Rattled businesses on both sides of the Pacific are skittish about rushing back in to revive the once-booming investment activity between the U.S. and China even as negotiators are drawing up an accord to resolve the trade fight, The Wall Street Journal reports.

1 Article
Source: DW

Poland: World Jewish Congress condemns anti-Semitic tradition revival

Tuesday 11:46 GMT

The World Jewish Congress has slammed a Polish town's beating and burning of an effigy of Judas as promoting anti-Semitism.

The World Jewish Congress has condemned a tradition in the small Polish town of Pruchnik in which villagers beat and burn an effigy of Judas on Good Friday. The Catholic Church has banned the pre-Easter practice and says it glorifies violence.

1 Article
Source: Reuters

To survive trade battles, China manufacturers deploy every weapon...

Tuesday 04:14 GMT

Giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.

At the Canton Fair in southern China this past week, they put on a brave face, but feared they will need to take more measures to survive if Beijing and Washington fail to seal a trade deal. Botou Golden Integrity Roll Forming Machine Co lost some U.S. customers when tariffs pushed up prices for its machines making light steel girders and bars for building frames, according to Hope Ha, a saleswoman.

1 Article
Source: Common Domain

Asian markets fall in slow post-Easter trading

Tuesday 03:19 GMT

Asian stock markets fell Monday following the Easter holiday weekend as investors looked ahead to U.S. and Japanese economic data.

On Wall Street, the benchmark Standard & Poor’s 500 index ended a shortened trading week on Thursday snapping a winning streak of three weekly gains.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte