Here is what you need to know on Wednesday, December 29:

The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday. Later in the day, November Pending Home Sales and Goods Trade Balance will be featured in the US economic docket but these data are unlikely to trigger a noticeable market reaction.

Wall Street's main indexes closed mixed on Tuesday and US stocks futures indexes are posting modest gains in the early European session. The 10-year US Treasury bond yield continues to move sideways in a narrow range below 1.5%. Read More

The first day of 2021 marked not only the start of the new year but the beginning of a new journey for Britain as it left the European Union.

The pound started the year against the dollar (GBPUSD=X) at $1.3625, and at €1.1041 against the euro (GBPEUR=X). It has since had a rollercoaster journey, battling lockdowns, COVID restrictions, rising inflation, and record low interest rates.

In January, the currency suffered slightly against the dollar as England entered its third national lockdown, which lasted...

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Lira has weakened 14% since end of last week
Central bank to reassess policy framework in Q1
Inflation expected to have surged above 30% in December
The bank's policy rate has been slashed to 14%

ISTANBUL, Dec 29 (Reuters) - The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5.6% and eating further into the huge gains made the previous week, as worries persisted over soaring inflation and unorthodox monetary policy.

The losses gathered pace after little initial reaction to the central bank's (CBRT) 2022 policy document, in which it said it will monitor risks related to the foreign exchange market and do what is necessary to ensure it runs smoothly. read moreRead More

Near the edge of Yellowstone National Park in Wyoming, a group of cryptocurrency enthusiasts have launched a new experiment in city building — just don't ask who is going to be mayor.

The collective, CityDAO, has no official leader. Its members organise themselves using the chat app Discord. Every major decision must go up for a vote.Read More

Major cryptocurrency exchanges, such as Binance and Coinbase (COIN), are spreading crypto-gospel to entice users to stay within their trading ecosystems. The promotional initiatives of Binance and advertising language used by Coinbase are becoming increasingly fused with religious overtones.



Binance is the largest cryptocurrency exchange in the world. It is a relative newcomer to the cryptocurrency space as it was founded in 2017. The centralised exchange (CEX) was founded by Changpeng Zhao, known

...

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Territory's financial sector risks reputational damage and diplomatic sanctions if complex regulations of crypto hub fail

On the southern Mediterranean coast, nestled in the shadow of the Rock's sheer limestone cliffs and its tangle of wild olive trees, the Gibraltar Stock Exchange (GSX) is quietly preparing for a corporate takeover that could have global consequences for the former naval garrison.Read More

ETHEREUM, Decentraland, and Basic Attention are all tokens that some experts think are poised for rebounds in 2022.

Contributors at Motley Fool think those three cryptocurrencies could see gains next year no matter what else happens with the highly volatile market.

"Ethereum stands out as a great crypto for 2022 and beyond," the outlet noted, but the site thinks BAT and Decentraland are good bets, too.Read More

Ability to rally on Mon-Tues however I believe we will fail to break through a major resistance point then fall for around 1-2 wks

$TSLA looking really bullish here. although its inside bar , means its consolidating. but the setup is looking like a bullish pennant or falling wedge .
it also exited a squeeze and rising up and a good volume of buyers. is market continues its christmas rally this could push up back to $1100

day trade and scalp play target.
buy call above 1080-1084 sell at 1090-1094
buy puts below 1046.71 sell at 1018.71Read More

Hey everyone! Hope you had a wonderful christmas and wishing you all the best for 2022. Today I also wanted to take a look at AVGO . I'll keep this one short for you. Personally I would hold off on investing in AVGO since the chart looks quite risky right now. As you can see the price is trading far from its downtrend line and getting close to the upper resistance level of the uptrend...

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