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LONDON, Feb 1 (Reuters) – Britain’s finance ministry said on Wednesday that turmoil in the sector and the collapse of exchange FTX indicated risks that needed to be addressed. Cryptocurrencies such as Bitcoin have little direct control globally, but regulators are closely watching the FTX collapse last year, which cost millions of investors billions of … Read more
Last week’s shopping package Yesterday, the economic calendar was easy, starting from Switzerland’s KOF economic barometer, which showed good progress this month, followed by Spain’s consumer inflation CPI (Consumer Price Index). Inflation in Spain rose to 5.8% this month, while German GDP showed a 0.2% drop in economic activity for Q4. Mostly forex majors traded … Read more
Pound sterling analysis and talking points More uncertainty around the BoE on Fed guidance (Jerome Powell) makes US dollar conditions more interesting. US economic data including NFP and ISM to further clarify the picture. Will the rising wedge strike again? Recommended by Warren Venketas Get your GBP forecast GBP/USD Basic Forecast: BEARISH Trade Smart – … Read more
The United States Securities and Exchange Commission (SEC) has been investigating traditional Wall Street investment advisors who may offer digital asset protection to clients without proper qualifications. On January 26, Reuters reported that “three sources with knowledge of the matter” said the SEC’s investigation had been ongoing for several months, but was accelerated after the … Read more
WTI Oil Price, Charts and Analysis: Recommended by Zain Vauda Download our new Q1 oil forecast Most Read: As the US dollar slows, gold holds the top position. Where is XAU/USD? WTI Basic view Crude oil has struggled since the week as technicals and fundamentals create the perfect cocktail. Chinese lunar holidays combined with some … Read more
ANI | Updated: January 22, 2023 15:44 IST Islamabad [Pakistan]January 22: Pakistan’s economic crisis is going from bad to worse. Foreign exchange reserves in the State Bank of Pakistan (SBP) recently touched a two-week low of $4.343 billion. This is only due to the inefficiency of the political class and the over-involvement of the military … Read more
Image Source: Pixabay Bitcoin extended gains over the weekend ahead of the Lunar New Year holiday and the Spring Festival in Southeast Asia. The major cryptocurrency surged above $23,000 on Saturday, gaining nearly 10% from the previous day, according to CoinMarketCap data. The coin hit a local high of $23,282, a level not seen in … Read more
US dollar (DXY) price and chart analysis US Treasuries eased on growing recession fears. Many months of support can be retried. Recommended by Nick Cawley Forex for beginners Most Read: The US dollar (DXY) remains under pressure ahead of important US data U.S. Treasury yields fell on Wednesday after the latest set of data showed … Read more
Compact crypto lending platform Vald gets one more term of lender protection from a Singapore court. The company must come up with a restructuring plan before February 28. On January 17, Bloomberg reported that Vald has been given more than a month to close negotiations with two digital asset fund managers to take over executive … Read more
The market continues to hold positive sentiment as the latest economic data is interpreted as good news Alleviating the strength and price pressures in the labor market. Fed Chairman Powell did not touch on monetary policy or the latest data set, allaying fears for the market and giving him more confidence to continue the rally. … Read more