A rate hike by the Bank of England last week gave the pound some breathing room. But it’s still 10% weaker against the dollar from its January peak and 3% below the euro. Aside from the occasional shrug about the cost of a beer in Marbella or a ticket to Disneyland in Florida, Brits seem […]
Devaluating Pound Can Worsen Problems Read More »
The end of the month in the currency area is expected. Including yesterday’s US weekend, aggregate flows were low during the Asian and London hours but saw a buying trend for the euro following inflation data from Spain and Germany. Talks in the trading community mainly focused on last week’s issues, namely the tightening of
ECB to Begin Aggressive Tightening, Favoring Euro Bulls Read More »
Despite a calmer risk environment and heightened expectations for a pause in the Fed’s tightening cycle, the US dollar plunged on Monday morning on European deals, nearing its first monthly loss in five months. Earlier today, the dollar index, which measures the dollar against six other currencies, traded 0.2% lower at 101.51, continuing to retreat
US Dollar Posing a Threat to Further Losses Read More »
Bitcoin’s volatility versus gold eased marginally, suggesting a “fair value” of $38,000 for the cryptocurrency and implying “significant upside potential for digital assets,” according to a research note by JP Morgan’s team of strategists published Wednesday at the Led by Nicholas Panigirtzoglou. Bitcoin was trading at around $29,700 on Wednesday. The token fell sharply over
JP Morgan: Bitcoin to Post Strong Rally, Come out as Alternate Asset Read More »
The Coronavirus cutout means China’s economic growth will lag behind the United States for the first time since 1976, resulting in a shift in roles and possibly political consequences in both Beijing and Washington. In a report released on Thursday, Bloomberg Economics wrote that China’s economy will grow only 2% this year. By comparison, Bloomberg
Bloomberg: US to Outpace China’s Growth Read More »
A recession is a period of declining GDP that lasts for two or more consecutive quarters. It is defined as a time between a peak in economic activity and the subsequent low or lowest point involving a significant drop in economic activity that is widespread and lasts more than a few months. Recessions are caused
Are we heading for a recession? What to expect in the coming months? Read More »
Global bond markets have plummeted to their lowest levels since at least 1990, as investors expect central banks to quickly raise interest rates in the face of the highest inflation in decades. What is going on? Bond market losses result from central banks raising interest rates to combat rising inflation. Between bonds and interest rates,
Bond Markets in red: What to expect? Read More »
The yen fell to a seven-year low on Monday as the Bank of Japan defied global monetary policy tightening, raising doubts that the central bank could interfere to support the currency for the first time since 1998. USD/JPY gains The yen fell more than 2% versus the dollar to 125, encouraging traders to predict additional
Yen hit a seven-year-old low; what lies ahead? Read More »
What are NFTs? Are NFTs worth investing in? What is the future of NFTs? Millions of NFTs are for sale, and hundreds of new projects appear daily. So how can you cut through the clutter when finding prospective NFT businesses to watch and maybe invest in? You may not want to use NFTs if your
Top 5 NFT Ideas to Follow and Invest Read More »
The GBP/USD pair rose to a daily high during the mid-European session. The pair now looks to continue the rise beyond the 1.3400 mark. It has now filled the weekly bearish gap amid some intraday US dollar selling as the pair rallied around 100 pips on Monday from the 1.3300 mark. Nervousness about the worsening
Price Analysis of GBP/USD: Retakes Mark 1.3400 to Move towards Channel Resistance Read More »
