Forex News

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 to familiar levels. Overall, the crypto market capitalization stands at $812.53 billion despite the extended […]

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 sanctions regime by imposing a price cap on Russian oil. An embargo

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, Britain’s currency is still at its lowest since 1985.

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 Strong Dollar Appreciation? Not at all All other things being equal, a stronger dollar will

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 to tighten the currency tighter than expected to limit the currency’s slide. The dollar/yuan

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 prove to investors that their money is safe. So far, they are not good at it. Many lack

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 shift in fundamentals and rhetoric from the Fed, selling the dollar is stupid.”

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 the Fed raised interest rates by 75 basis points, as expected, to bring them closer

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, the US Federal Reserve begins a two-day meeting and is expected