GBP/USD Exchange Rate Tumbles

Crypto

As today’s GBP/USD chart shows, the pound sterling fell by nearly 1% against the US dollar in just one hour, forming an exceptionally long bearish candle. The sharp drop was driven by concerns over public finances and a broad sell-off in the bond market. According to Reuters, the yield on UK 30-year government bonds hit […]

Alibaba (BABA) Shares Soar ~13% After Earnings Report

Crypto

Alibaba published its second-quarter report on Friday morning. Although the company’s gross revenue came in below analysts’ forecasts ($34.6bn vs $35.1bn), BABA’s share price surged by around 13% (to its highest level since March) as the market reacted positively to: → Faster growth in cloud services revenue, seen as key to the company’s success in

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