Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring commodity prices into the mix and there’s plenty of reason to be pessimistic. But when […]
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss how financial markets reacted to the global impact from the war in Ukraine, oil markets, and cryptocurrencies. They also discuss what the week ahead has in store for financial markets.
Russia could start accepting BTC for oil payments according to the latest bitcoin news that we have today after a member of the State duma confirmed. As the war between Ukraine and Russia continues and the sanctions over the latter loom, Russia could start accepting BTC for oil payments. Pavel Zavalny who is the deputy […]
European stock markets are making modest gains at the end of the week but broadly remain in consolidation, as has been the case throughout the week. Markets have priced in economic risks We appear to have hit a point in which the initial shock has been shrugged off and markets have corrected back to a […]
The resurgence across major cryptocurrencies comes even as the Russian stock market opens up for trading after shutting down for a month following a central bank decision after major stock indices slumped in the aftermath of the Ukrainian invasion.
Oil prices slide overnight Oil prices slid overnight after another very volatile day of price action with very wide ranges. Brent crude finished 2.60% lower at USD 118.20 a barrel, and WTI fell 2.75% to USD 111.30 a barrel. The EU declining to sanction Russian oil has been given as the main reason, but I […]
Russia State Duma deputy and Energy Committee chairman Pavel Zavalny proposed Bitcoin and national currencies as payment options for energy exports to “friendly countries,” such as Turkey and China, at a press conference on Thursday. See related article: EU says crypto included in sanctions against Russia and Belarus Fast facts Zavalny proposed gold and Russia’s […]
This resurgence comes after Pavel Zavalny, the chairman of the Energy Committee of the State Duma of the Russian Federation said that Russia was open to accepting Bitcoin in addition to currencies by its allies when purchasing its natural resources.
Anonymous hacks Russia’s central bank and said it will release up to 35,000 documents with secret information that is gathered by the hack in the next 48 hours so let’s read more in today’s latest cryptocurrency news. Anonymous hacks Russia’s central bank and threatened to release thousands of secret documents. The group continues to warn […]