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 »
After a year and a half of zero interest rates and a “printing press” policy, the US Federal Reserve is preparing to hit the brakes. The US central bank plans to soon cut back on the asset repurchase program, through which nearly $ 4 trillion has been injected into the markets since the start of
Fed Unfolding Policy, Greenback to Fly amid Tightening Read More »
The electricity tariffs have soared 40% in Germany and France over the past two weeks. In countries like the UK and Spain, governments rush to take emergency measures to protect consumers. As a result, from aluminum smelters in Mexico to fertilizer plants in England, plants are temporarily shutting down. The markets are furious. Some argue
Weather, Supply Disruptions to Exalt Gas Prices 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 »
Don’t be upset if you don’t understand why US Treasury yields are falling. Because Jerome Powell is also sitting in bewilderment with you on the same bench. Bonds have been climbing steadily for several months, despite accelerating inflation to a 13-year high. The textbooks and Wall Street experience say that in such an environment, yields
Fed Head Unable to Understand What’s Happening with US Debt Market Read More »
