Forex trading and market news!
The dollar edged higher, the euro fell, and the yen steadied on Monday as currency markets reversed some of Friday’s moves, calming after the initial shock of discovering a new coronavirus variant. The Omicron shocks Initially discovered in South Africa, the Omicron variant sparked worldwide concern, with financial markets falling on Friday on worries that […]
Dollar and major currencies pullback after Omicron shocks Read More »
An old advertising adage says, “Sell the smell of meat, not steak.” Unfortunately, when it comes to cryptocurrencies, the flavor to steak ratio is incredible. The digital token announcements that flood the London Underground promise “big” benefits. One of them, for example, promises to “change the lives” of those who missed the Dogecoin train. Another ad for a
Why cryptocurrency ads are just the tip of the iceberg? Read More »
Euro markedly rose in price in forex on Thursday following the results of the meeting of the European Central Bank, the leadership of which for the first time admitted that the period of high inflation exceeded forecasts. The Euro jumped against the dollar by 0.8% in just over an hour after the head of the
Oil prices fell to their lowest level two weeks after official data showed an unexpected surge in US crude oil inventories. In addition, rising COVID-19 cases in Europe, Russia, and some outbreaks of infections in China shattered hopes for an economic recovery. Brent crude fell $ 1.58, or 1.9%, to $ 83.00 a barrel by
Crude oil slips to 2-week lows, bulls still hold Read More »
The Turkish lira collapsed to a record low in trading on Thursday after the national central bank eased monetary policy for the second time in a row, despite a sharp acceleration in inflation. The lira rate fell by almost 3% to 9.49 lira per dollar against the background of the regulator’s decision to reduce the
Turkish lira collapses to historic lows after rate cut by Erdogan’s order Read More »
The US dollar held steady in the European session on Thursday, expecting the Fed to start rolling back stimulus measures at its next meeting in November. During a discussion at the ECB’s Forum on Central Banks, Fed Chairman Jerome Powell said inflation could remain elevated longer than previously thought due to supply constraints. Powell added
US Dollar Rises amid Fed’s Tightening Policy Read More »
The dollar is rapidly rising for the second day in a row and has renewed record values for almost a year. The dollar index, which reflects the rate against six key world currencies, jumped 0.56% on Wednesday and reached 94.3 points – the highest since November last year. The Euro against the US dollar also
The dollar broke off the brakes in anticipation of the tsunami of US debt Read More »
Tuesday, the dollar hovered around two-week lows against a basket of currencies. This week, US employment data will be closely watched by investors for clues about when the stimulus will be reduced. In the meantime, the Chinese yuan didn’t pay much attention to the polls conducted by product manufacturers and service sectors. Following Friday’s remarks
Dollar falls to a two-week low, absorbing shocks of Powell’s speech Read More »
As tensions between the US and China escalated after President Joe Biden received intelligence on the origin of the virus, the dollar strengthened in general. The yen has suffered due to rising bond yields around the world. In addition, a Senate-proposed Tax Plan would permit the transfer of profits abroad, supporting the dollar. Data on
Dollar rises amid rising geopolitical tensions and rising yields Read More »
Global equity markets were mostly lower on Thursday after the Federal Reserve indicated it could ease economic stimuli earlier than previously thought. London and Frankfurt opened lower while Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. U.S. futures were lower after Fed members estimated on Wednesday that their key rate would rise twice
Global markets suffering after Fed’s rate hike forecast Read More »
