Here is what you need to know on Tuesday, December 21:

The greenback limited its losses against its major rivals amid rising US Treasury bond yields late Monday and seems to have gone into a consolidation phase early Tuesday with the US Dollar Index moving sideways around 96.50. November Retail Sales data from Canada and the European Commission's Consumer Confidence Index data for the euro area will be looked upon for fresh impetus later in the day.

Although Wall Street's main indexes closed deep in the negative territory on Monday, major Asian equity indexes staged an impressive recovery on Tuesday. Additionally, US stock index futures are up around 1% during the European trading hours, pointing to improving risk sentiment. Meanwhile, the 10-year US Treasury bond yield, which rose 1.5% on Monday, is posting small daily gains at 1.43%, helping the dollar stay resilient against its peers.Read More

The Turkish lira makes an extremely strong rebound after losing more than half its value since September as the Turkish government announces an emergency rescue and savings guarantee program.

After falling heavily in value over recent days and months, the Turkish lira rebounded extraordinarily strongly yesterday as the Turkish government announced emergency measures to support the currency plus an effective guarantee against any depreciation in lira savings should the currency's decline against major currencies exceed the lira's rate of interest. The USD/TRY currency pair peaked yesterday at a record high above 18 before plunging as low as 11 just a couple of hours ago, a decline of 38% from peak to trough. At the time of writing, USD/TRY is trading at 13.11. There may be a short-term opportunity to buy on the dip as it remains unclear how much impact the rescue package will have over the longer-term, but Forex brokers are imposing such high spreads (commonly more than 2%) that trading the Turkish lira may not be worth the risk.Read More

Here is what you need to know on Wednesday, December 22:

The high beta forex space was bid on the day following strong gains in the European equities space that followed through into the US eventually. The antipodeans (AUD+0.61%, NZD +0.84%) and GBP (+0.45%) were performing well throughout early trade and continued to recover from the prior days of supply. The yen and CHF were the worst performers but still managed to end higher vs the greenback.

As for the US dollar, this was only modestly lower against its major trading partners as markets awaited a deluge of US data on Wednesday and Thursday before the Friday holiday. The DXY index ended down 0.02% despite the US 10-year yields ending 3.7% higher. Read More

The cryptocurrency market is blooming, and investing in Bitcoin is all the rage. Since 2017, the pioneering cryptocurrency has grown by over 6,000%! Institutional adoption is growing, while governments around the world are willing to accept crypto. Thanks to Forex, profiting from BTC does not require owning any coins. In the UK, traders can make money from the crypto market indirectly!Read More

If you're just now thinking about investing in cryptocurrencies or blockchain technology, former U.S. Treasurer Rosie Rios says you're probably already too late to get in on the ground floor.

"The train has already left the station," Rios, who served as treasurer in the Obama Administration from 2009 to 2016, tells CNBC Make It. "Blockchain technology is here."Read More

The debut of a ProShares fund tracking Bitcoin futures galvanized the market in 2021, but there were plenty of other superlatives to go around.



Even beyond the launch of the first U.S. Bitcoin futures ETF, cryptocurrency funds notched some notable global milestones in 2021.

The number of crypto-tracking investment vehicles worldwide more than doubled to 80 from just 35 at the end of 2020, according to Bloomberg Intelligence data. Assets soared to $63 billion, compared to $24 billion at the start of the year. Read More

Bitcoin rose back above $48,000 on Tuesday after a 5 per cent price surge overnight.

The cryptocurrency has been trading within the $45,000-$50,000 price band since the start of December, after crashing from an all-time high of around $69,000 in November.

The overall crypto market mirrored bitcoin's most recent resurgence, with several other leading cryptocurrencies all rising by between 4-6 per cent over the last 24 hours.Read More

Been a slow short since dropping below 200 but that's because of the oversold conditions on the weekly. closed beneath 193 fibonacci level that's been holding it up that last month. In the next couple weeks I expect new travel restrictions on Europe because the increasing cases over there and pending lockdowns. I think we will be headed to 170 within a month.

If the price holds above the 24.0 point, it is expected to create a new wave.

The 30.22-33.34 section is an important support section and you need to make sure it can be supported.

If it falls below the 24.0 point, it could fall near the 12.69-15.13 section, so you need to trade with caution.


(1D chart)
We need to find support at the 30.22-33.34 zone and see if we can move along the uptrend line.Read More

Alright people, I'm extremely bullish on FSM . I smell blood everywhere. I will hold some shares of this stock for at least a year or more. this is the second miner stock that I added to my portfolio. The first one was NYSE:IAG