Yesterday’s shopping package The market’s focus shifted to Jerome Powell after the US dollar weakened following the ISM service cut last Friday, although he did not touch on monetary policy and rate hikes. Traders took that as a reassuring sign that the US dollar continued to decline on Tuesday, while risk assets continued their bullish … Read more
This year the crypto market has been rocked by many crises, the weather has been a constant presence. With this in mind, many traders have lost faith in traditional CEX trading and are looking to change their strategies. Turning to alternative trading styles and products is a way to reduce risk and minimize losses. Cointelegraph’s … Read more
EUR/USD price, chart and analysis EUR/USD is looking at the end of May. The US dollar appears to be oversold but further losses are possible. Recommended by Nick Cawley Download our new Q1 Euro forecast For all market-moving economic releases and events, see DailyFX Calendar The greenback weakness seen in the US dollar against various … Read more
Source: AdobeStock/Tom Cathy Wood, CEO of the investment management firm ARK Invest, has acquired more shares of the main cryptocurrency exchange Coinbase, which has lost almost 90% of its value in the last year. The company bought roughly $5.8 million worth of COIN shares on Thursday, split between the ARK Next Generation Internet (ARKW) and … Read more
Key Insights: Dogecoin (DOGE) and shiba inu coin (SHIB) spent bullish sessions on Friday. U.S. economic indicators and the NASDAQ index were supported as investors awaited updates on Shibarium and Twitter updates. Technical indicators are mixed with signs pointing to further SHIB gains. Shiba Innu Coin (SHIB) rose 0.60% on Friday. SHIB ended the day … Read more
Eurozone PMI Key Points: The latest Eurozone composite output index was at 49.3 (November: 47.8). 5-month max. Final Eurozone services business activity index at 49.8 (November: 48.5). 4-month maximum. Recommended by Zain Vauda Get your free Euro forecast The seasonally adjusted S&P Global Eurozone PMI composite output index was sub-50 for the sixth consecutive month … Read more
Now in the year Far from an exhaustive list, but the following were selected as a direct response to the drama we faced in 2022. Self protection In the year Shocking events of 2022 will generally guide the trends of the coming year. To catch you up to speed, when FTX collapsed in November, it … Read more
Indian Rupee It has fallen more than 11 percent against the dollar in 2022 — its weakest performance since 2013 and the worst among Asian currencies — as the U.S. Federal Reserve’s aggressive monetary policy spurred the greenback back. Rupee in 2010 It closed 2022 at 82.61 to the U.S. dollar, down from 74.29 at … Read more
In the year July 18, 2022. Much to America’s dismay, President Joe Biden tries to stop and disembark in front of a crowd of fans, lightening the Trek FX 1 disc. The rest is defamatory. No one in the history of aviator sunglasses has ever looked as cool wearing them as Biden did that fateful … Read more
Sam Bankman-Fried. Source: Video screenshot, New York Times/YouTube Michael Lewis, author of the bestselling book The Big Short, meets Sam Bankman-Fried, the disgraced founder and former CEO of crypto exchange FTX, at his California home, where he is awaiting trial. The surprise visit, which reportedly lasted “several hours,” convinced many that the famous author may … Read more