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Dec 22, 22 •
1566 Views •
Forex News, Top News •
Zahir Shah
Comments Off on FTX Fallout Intensifies as Traders Take Defensive Measures
After failing to build on the positive macroeconomic news-induced rally, the cryptocurrency market has slipped into a consolidation phase. As a result of the consolidation, the prices of two of the largest assets, Bitcoin (BTC) and Ethereum (ETH) have dropped...
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Oct 29, 22 •
946 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US in No Hurry to Cap the Price of Russian Oil
On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new...
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Oct 28, 22 •
1644 Views •
Forex News •
Zahir Shah
Comments Off on Dollar Bounce Back Hurts Yen and Others
On Friday, the yen fell as the BOJ remained dovish while the dollar struggled to recover from losses earlier in the week amid expectations that the Federal Reserve’s aggressive rate hikes would ease. Following the BoJ’s commitment to keeping...
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Sep 27, 22 •
783 Views •
Forex News, Top News •
Zahir Shah
Comments Off on GBP/USD Slightly Recovers After Hitting Record Lows
As the BoE and UK Treasury sought to calm jittery markets, the pound rose slightly in Europe on Tuesday morning. As UK Chancellor Kwasi Kwarteng promised more tax cuts, the pound fell nearly 5% to a record low of $1,035 the day before. Despite the rise,...
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Sep 6, 22 •
1027 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Historic Dollar Surge Plays into the Hands of the Fed
The dollar is skyrocketing against the world’s major currencies, approaching an annual record in almost 40 years and the third-biggest gain since President Richard Nixon ended the gold standard more than 50 years ago. Is the Fed Concerned About the...
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Aug 30, 22 •
2658 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Yuan Plummets to a 2-year Low After Powell Rocked Financial Markets
The Fed’s hawkish message sent bond and stock markets swooning, with the dollar updating a 20-year high. The yuan weakened to a fresh two-year low after Fed Chair Jerome Powell signaled a long-term rate hike, prompting the People’s Bank of China...
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Aug 29, 22 •
1211 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Crypto Market on the Brink of Collapse, Tether Still Pulling the Test
Many crypto companies lack basic financial security; Tether needs an audit that looks like a corporate version of a colonoscopy This year, pessimism, chaos, and panic reign in the cryptocurrency market. Under these conditions, cryptocurrency companies must...
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Aug 25, 22 •
1955 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Fighting the Dollar Dominance, Will it Work?
Arriving at his office in the heart of Sydney, Nick Tweedale is greeted by an endless array of dollar bills. “This is the simplest forex strategy,” claims a trader and CEO of Asia Pacific brokerage FP Markets. “Unless there is a dramatic...
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Jul 28, 22 •
1789 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Dollar Falls as Powell Hints Approaching Neutral Rate Level
The dollar tumbled to a three-week low against the yen on Thursday after Federal Reserve Chairman Jerome Powell eased investor concerns about continued aggressive monetary tightening. The US currency fell to 135.105 yen, its lowest level since July 6, after...
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Jul 27, 22 •
2041 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Fed Uncertainty and European Gas Crisis Dominate FX Markets
With US interest rates hike this week and growing uncertainty about the future path of the Fed’s tightening policy, the dollar held onto a two-decade high on Tuesday. In contrast, a recent cut in gas supplies to Russia put pressure on the euro. Today,...
