USD/JPY trades beyond 131. The Japanese yen lost its safe-haven prestige. A decline beneath 127 would mean reversals. The Japanese yen witnessed a freefall, and the USD/JPY reflected the fall, with the exchange rate climbing beyond 131. That translated to the steepest drop in two decades. However, this isn’t the first time the Bank of … Read more
With the turmoil within the financial markets frightening market players, a massive economic crisis might be impending. The initial steps by Fed Reserve toward stiffening fiscal policy expose susceptibility within a high leverage economy. The Federal Reserve spent years deploying artificial stimulation to the economy. Meanwhile, it attempts to remove the stimulus without crashing the … Read more
Bitcoin and the altcoin market await the next catalyst after ending April on a bearish note. Though the current condition reflects an improved mood, market players remain worried due to the upcoming FOMC (Federal Open Market Committee) conference. Assets within the cryptocurrency marketplace have experienced substantial sideways actions over the past two days. That is … Read more
RBA exceeded expectations in its rate hikes. AUD witnessed gains across the FX board. AUD/USD investors waited for Fed’s move. The Reserve Bank of Australia is among the leading central banks that conduct monthly meetings to assess the economy and make appropriate interest rate decisions. That happens on the first Tuesday of each month. For … Read more
The Shell share saw its price forming a climbing wedge formation. Analysts expect mixed results from the upcoming earnings report. Other energy shares saw sideways actions after publishing outcomes. The Shell share price remains range-constricted as market players await the firm’s quarterly results this week (on Thursday). It trades around 2,173p and has stayed at … Read more
McDonald’s revealed better than expected Q1 outcomes. The worldwide comparable sales surged by 11.8%. The United States stock market is still under pressure. McDonald’s Corporation shares plunged this week despite reporting somewhat impressive first-quarter results. The stock trades under NYSE: MCD ticker. However, should you purchase McDonald’s stock? The United States stock market is still … Read more
Bitcoin has attracted the attention of traders, analysts, and investors with its struggle with the $40,000 level this year. The dominant crypto comes back to test the mark as resistance or support each time. That’s regardless of the magnitude of its rally. Back to The Level Again? Bitcoin hovers within an ascending channel on large … Read more
You are undoubtedly familiar with the crypto market and blockchain technology. That can mean understanding the block size concept and benefits that networks with large block sizes boast. You may have encountered an announcement by the Cardano team aiming to increase the project’s block by around 10%. However, how has the alt responded so far? … Read more
Elon Musk acquiring Twitter for $44B had Dogecoin surging about 25% within the past 24 hours, but correction risks persist. Dogecoin (DOGE) experienced upside price movements over the past day. That came after the token’s cheered Elon Musk acquiring Twitter for $44B. A positive mood saw the original canine-themed crypto surging towards $0.17 on 25 … Read more
Kraken is among the leading cryptocurrency exchange globally. The trading platform can now operate in Abu Dhabi following the Monday certification. Kraken pushes into the Middle East as the region witnesses increasing crypto adoption. The market registration of Abu Dhabi revealed the move in an announcement. Kraken became the first platform certified to operate as … Read more