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 […]
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 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. […]
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 […]
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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 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 […]
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 […]
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 […]
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. […]
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has awarded Binance the Financial Services Permission (FSP) status. As a result, Binance, the world’s largest cryptocurrency exchange, is set to begin offering custody services in ADGM. Binance’s Plans to Expands into The Middle East Binance has gotten the green light to […]
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 […]
When fiat and cryptocurrency withdrawals were temporarily disabled on the Liquid Global platform on November 15, the FTX-owned cryptocurrency exchange Liquid announced this on Twitter. Liquid Suspends Deposits The collapse of crypto firms associated with Sam Bankman-Fried has already had a severe rippling effect on various organizations inside the ecosystem. For example, the CEO of […]
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 […]
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 […]
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 […]
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. […]
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% […]
The New York Innovation Center, as part of the Federal Reserve Bank of New York and Singapore’s Central Bank (MAS), has jointly announced their plans to work together to assess the efficacy of large-scale central bank digital currencies (wCBDCs). Central Bank Digital Currency (CBDC) is a form of digital fiat money that has previously been […]
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 […]
