Category: Financial News

Dec 14 Top Crypto Gainers – Toncoin Soars 12.06%, BTC, SOL & APT Also Record Positive Movements

The cryptocurrency market displayed bullishness today. The improved sentiment emerged after the better-than-anticipated United States inflation report. Meanwhile, leading crypto assets contributed to upsides, pushing the global cryptocurrency market capitalization +2.58% higher to $870.28 billion. Also, the overall cryptocurrency market volume increased by 56.97% over the last 24hrs to $52.70 billion. BTC gained 3.44% to […]

These Were the Top Performing Cryptocurrencies of 2022

2022 wasn’t a lucrative year for the cryptocurrency industry, following massive crashes and bankruptcy filings that restricted growth on any token. Though this year hit digital assets hard, some assets showed resilience, recording notable price moves – better than others. Let’s check the list. Ethereum Classic (ETC) Unlike ETH2.0, which arrived after the ETH merge, […]

U.S Dollar Index Futures Technical Analysis: CPI Report Vital to Week Ahead as Federal Meets

Friday witnessed the United States dollar presenting a minor gain against several leading currencies. That followed a hotter-than-anticipated US PP1 (producer price index). Meanwhile, volume remained light as most leading players took the data in stride while bracing for Tuesday’s U.S. consumer price index. The CPI report tends to have more impact than the producer […]

Sam Bankman-Fried Ready to Testify Before U.S House Committee

Bank-Fried’s Friday tweet confirmed he’s willing to testify before the United States House Committee on Tuesday next week. Meanwhile, SBF is encountering several investigations associated with FTX’s fall. FTX empire crashed following massive exchange withdrawals following revelations about Alameda, FTX’s sister firm. News about the former FTX chief executive officer Sam Bankman-Fried continues to flood […]

S&P 500, Dow, Nasdaq – Crucial Support Levels Now in Play

Yesterday saw US equities selling off, with S&P, Nasdaq, and Dow plummeting to crucial support levels. Meanwhile, there’s no Fed speech this week to influence short-term trends. S&P and Dow test higher-low support, but Nasdaq contemplates a massive breakdown after printing a double-top pattern. This article evaluates chart setups and price action. The United States […]

December 6 Forex Signals – RBA Delivers 8th Consecutive Rate Hike

The last two weeks have seen the USD under pressure as the Federal Reserve plans to slow hike pace – a stance that has improved sentiments within the financial markets. So, the USD opened yesterday on a back foot and still dropped over the European session following the release of the latest European PMI figures. […]

RSI, MACD, and SMA – Trading Tools for All Traders

RSI is among the effective trading indicators that experienced & newbie traders use. Why is the Relative Strength Index so popular? Well, its simplicity of design could make it easy to familiarize yourself with its application. Another impressive thing about RSI is it supports various trading approaches, and investors can use it with other indicators. […]

GBP to USD Prediction – Bulls Target $1.2450 Amid Weak U.S Jobs Report

It is somewhat of a GBP-USD day. The market does not have the United Kingdom’s economy to ponder today. Meanwhile, the attention has remained on the Federal Reserve following GBP-USD’s Thursday $1.23 return. The currency has never explored the value since June. Though hawkish bets place the sterling at the $1.25 mark into 2023, massive […]

Britain’s Chancellor Defers Tough Decisions to The Next Administration

The new British government is characterized by its severance to caution when it comes to its economic administration and its readiness to devote itself to performing just causes, regardless of the financial toll on the political sector.  As its precursor, Liz Truss, in September, decided to divide Britain’s economic organization, and the event exposed enormous […]

Genesis Halts Withdrawals Amid a Collapse of The Digital Currency Market

Genesis Global Capital has stopped processing withdrawals, confirming this week’s rumors. This is the most current lending program to file for bankruptcy. In 2022, Celsius Network, Voyager Digital, and other companies did so. At the moment, Derar Islim is Genesis’ acting CEO. Islim told Investors that the firm is looking at its options and seeking […]

Nayib Bukele Pledges To Buy 1 BTC Daily for El Salvador

The President of Els Salvador has pledged to start buying at least 1 BTC daily. This news emerged months after El Salvador is said to have completed its final BTC acquisition, 80 BTC at quite a cost of $19k each, in July this year. Previous Buy History of El Salvador  As per information from Buy BTC […]

Indonesia’s Central Bank Raises Rates By 50 Bps

In light of a robust economy and “high” inflation expectations, the Bank of Indonesia said on Thursday that it would act more firmly. As a result, the bank has increased the benchmark interest rate for the third consecutive month. A Global Economic Slowdown Bank of Indonesia was expected to increase the 7-day reverse repo rate […]

G20 Countries Commit to Uniting Their Efforts Towards a Robust Global Economic Recovery

Several countries in the G20 organization, the U.S, India, and the EU, have promised to create a robust global economic recovery by providing more employment and encouraging development. The proclamation made by the G20 Bali governors comes after the summit, which discussed solutions to the dilapidating economy, attended by some of the top global rulers. […]

MoneyGram Incorporates Cryptocurrency Exchange for US Subscribers

In recent news, MoneyGram has incorporated digital assets exchange for its US subscribers. In this update, the financial institution temporarily supported digital assets like BTC, ETH, and LTC. The firm has also stated goals to accept multiple cryptocurrencies and extend the operation to more regions in the long term. Updates on MoneyGram’s Latest Service Addition […]

Today’s Stock Market: Dropping Earnings Mute Festive Retail Outlook

The market’s reaction to the news that a missile that hit a small town in Poland wasn’t launched from Russia was muted Wednesday. It resulted in weaker-than-expected readings on retail performance from Target TGT offset market relief. Biden: Missile Not Shot From Russia An American government official informed the Associated Press that the missile landed […]

Most Of Credit Suisse’s Securitized Products Group Is Being Sold to Apollo

Credit Suisse (CSGN.S) announced the sale of most of its Securitized Products Group and related financial activities on Tuesday. This was an essential milestone in Credit Suisse’s overall effort to overhaul its operations. Credit Suisse sold to the American buyout group Apollo Global Management (APO.N). The Deal Is Expected to Close by Mid-2023 As a […]

A Bearish ECB Might Make Euro Junk Debt More Valuable

Analysts have made projections of a possible change in trajectory if somehow the ECB increases premiums more slowly than anticipated, this pattern could counteract in 2023 and make European junk organizational securities an appealing investment. The Potential Plans of the Feds  Lately, the American economy has displayed far more consistent indications of vitality than that of […]

Two Central Bank Leaders in Europe Want a Faster EU-Wide Capital Markets Union

On Monday, the French and German central bank governors released a joint statement. According to the joint statement, advancing a financial markets union to fund green and digital transformations is more crucial than ever. The step has become more urgent and essential as a result of the energy crisis, inflation, and the conflict in Ukraine. […]

With The Latest Inflation Numbers, The Dollar Continues to Decline

The Dollar’s decline on Friday maintained Thursday’s trend. According to data, consumer inflation in the U.S. increased by 7.7% over the previous year in October. This was below the anticipated 8% growth rate and was the weakest pace since January. The Value of The Dollar Has Dropped The U.S. Dollar has decreased by around 3.8% […]

Consumer Confidence Plunges, Despite Waning Inflation – Study Reveals

According to the sentiment index released Friday, 11th November, consumers are significantly less optimistic about the current status of the economy and the economy’s prospects due to elevated interest rates, a likely recession, and consistently increasing prices. In November, the University of Michigan Survey of Consumers reported a value of 54.7, which was 8.7% lower […]