Latest news with #traders
Bloomberg
8 hours ago
- Business
- Bloomberg
Currency Traders Are Ditching Dollar for Euro on Options Bets
The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war. There's been a shift in trading volumes. Around 15% to 30% of contracts tied to the dollar versus major currencies were switched to the euro, looking at data from the Depository Trust & Clearing Corporation for the first five months of this year versus the final five months of 2024. There are also signs the euro is being used as a haven — traditionally the dollar's role — and for bets on big moves.
Bloomberg
8 hours ago
- Business
- Bloomberg
Hong Kong Dollar Drops to Weak End of Its Fixed Trading Range
The Hong Kong dollar dropped to the weak end of its fixed trading range against the greenback, as cheap funding costs encouraged investors to borrow it and buy the US currency. The city's dollar weakened to trade briefly at 7.85 against its US equivalent on Friday, for the first time since 2023, according to traders familiar with the transactions who asked not to be identified because they weren't authorized to speak publicly. It has tumbled over 1% from an early May high when it touched the strong end of its 7.75-to-7.85 permitted range against the US dollar.
BBC News
11 hours ago
- Business
- BBC News
Rent cuts for Wellington market traders disrupted by revamp
Traders in a town's market are being told everything possible will be done to keep them open while it is and Wrekin Council is due to spend £4m on improving the building which houses Wellington market as well as redesigning the layout, improving accessibility and updating the authority said it wanted to work with the traders and would offer cuts in their rent for any which have to move during the work.A spokesperson added they would promote the market, to remind customers it was open for business as usual while the revamp is carried out. The work is due to start this summer and the authority's spokesperson said support for traders was drawn up after meetings with business said they would guarantee a rent-free period for the duration that any trader is temporarily moved during the would also be given a rental cut of 50% up to the point they are moved and an extra rental concession of 50% for the first six months of trading in their permanent location, they Ollie Vickers said: "It's essential that we carry out this investment works now, otherwise the market's future is in serious jeopardy."But he also promised to "work closely with traders during the refurbishment". Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.
Bloomberg
12 hours ago
- Business
- Bloomberg
Insider Trading Siblings Used Lockdown to Make £1 Million
Before the market opened on Feb. 4, 2020, traders were watching Swiss testing company SGS SA, waiting for its shares to drop. Overnight it had been announced that the Von Finck family were going to sell 2.3 billion francs ($2.8 billion) of their holding. That's a huge chunk of stock for buyers to absorb, and the price fell the most in nearly five years.
Yahoo
17 hours ago
- Business
- Yahoo
NEAR Protocol Surges 5% as Buyers Dominate Amid Middle East Tensions
The cryptocurrency market faces mounting pressure due to escalating tensions between Iran and Israel in the Middle East. NEAR Protocol has demonstrated remarkable resilience, climbing 4.5% with significant volume support around the $2.11-$2.12 range. This performance comes as traditional markets struggle to find direction amid conflicting economic signals. NEAR's strong performance coincides with heightened trading activity, particularly during peak hours when volume reached 5.14M units. The token continues to test resistance at $2.20, suggesting continued interest despite broader economic concerns. Technical Analysis NEAR-USD experienced a significant bullish breakout, climbing from $2.124 to $2.170, with a notable 24-hour range of $0.095 (4.5%). A clear high-volume support zone formed around $2.110-$2.120, where buyers consistently stepped in, particularly during the 18:00-20:00 timeframe when volume peaked at 5.14M units. Key resistance level emerged at $2.205-$2.210, tested twice but failing to break through, suggesting potential consolidation before the next leg up. Overall trend remains bullish with higher lows forming a supportive trendline, though recent hours show decreasing momentum that warrants caution. In the last hour, NEAR-USD continued its bullish momentum with significant price action between $2.169 and $2.173, forming a higher low pattern that reinforces the broader uptrend. Notable volume spikes occurred at 13:21 and 13:39, with over 65,000 and 83,000 units respectively, indicating strong buyer interest at these levels. Price successfully tested and held above the $2.170 support zone multiple times, culminating in a final push to $2.173 by the end of the period, suggesting continued bullish sentiment despite some consolidation phases. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
