May 30, 2022 8:57 am
Having slipped to a one-month trough last week, USD/JPY remained relatively stable just above the 127.00 mark on Monday, as investors have scaled back bets that US monetary policy tightening will trigger more dollar gains, while global recession concerns have eased a bit. US stock and bond markets will remain closed on Monday for the […]
Read moreMay 26, 2022 8:56 am
The latest crypto trading crash, caused by the UST “algorithmic stablecoin” and its paired LUNA token, has erased over $45 billion worth of value from the markets. Almost all crypto holders lost significantly, especially the latest adopters. Over the last two weeks the market is trying to find ground with Bitcoin hovering around the 30K […]
Read moreMay 25, 2022 9:08 am
NZD/USD surged to a fresh three-week high on Wednesday after the Reserve Bank of New Zealand raised its official cash rate by 50 basis points to 2.0% at its May meeting, in line with market expectations. It has also been the fifth RBNZ rate hike in a row. What bolstered the kiwi dollar was a […]
Read moreMay 17, 2022 8:33 am
AUD/USD rose for a third straight trading day on Tuesday, rebounding from last week’s 2-year low, after the Reserve Bank of Australia dropped a heavy hint that it would hike rates again next month. The minutes of the RBA’s May policy meeting, released on Tuesday, showed the central bank had considered a sharper rate hike […]
Read moreMay 16, 2022 9:11 am
USD/JPY extended gains from last Friday at the start of the new week, as investor concerns over global growth underpinned demand for safe haven assets. Those concerns were reflected by disappointing Chinese macro data, released earlier on Monday. China’s retail and factory activity shrank sharply in April due to full or partial lockdowns imposed in […]
Read moreMay 12, 2022 7:59 am
NFT is yet another blockchain-based market that went through exponential growth in 2021, starting the second half of the year. This coincided with the memorable crypto all-time high of November 2021, but since then we’ve seen cryptocurrencies lose over 50% in value, with Bitcoin trading breaking the $30K support for a short while just recently. […]
Read moreMay 10, 2022 8:47 am
AUD/USD plunged to a fresh 22-month low on Tuesday, dragged down by investor concerns over slowing global economic growth. Global equity markets took a hit on Monday, with a sell-off led by mega-cap growth stocks sending NASDAQ down over 4%. Asian equities were also in the red on Tuesday, with Nikkei 225 down 0.58%, Hang […]
Read moreMay 9, 2022 9:31 am
USD/JPY scaled a high unseen in over 20 years on Monday amid rising US interest rates and on concerns stemming from accelerating inflation, the military conflict in Ukraine, as well as from tighter COVID-19-related lockdown restrictions in Beijing and Shanghai. “Moves in U.S. interest rates are not the only dollar support,” NatWest Markets strategists wrote […]
Read moreMay 5, 2022 9:23 am
With overall crypto trading volumes increasing over 500% in 2021, last year also brought record cryptocurrency gains for the average crypto investor. Researchers at TradingPedia combined multiple datasets to provide a thought-provoking view on the crypto profits dynamic. It turns out a significant amount of crypto investors started to earn enough to secure the necessities […]
Read moreMay 3, 2022 8:48 am
AUD/USD rebounded from a 13-week trough on Tuesday after the Reserve Bank of Australia lifted the cash rate by 25 basis points to 0.35% at its policy meeting earlier today and also flagged further tightening to come as it seeks to curb inflation. The hike move, which exceeded a consensus of analyst estimates, has been […]
Read more