This is what you need to know to trade today monday september 5: The US dollar index DXY maintains its upward momentum after gaining 0.7% last week and has reached its highest level in two decades above 110.00 early on Monday. Market caution helps the dollar continue to outperform its rivals as investors wait investor […]
Tag: Cryptocurrencies
Forex Today – Asian Session: The dollar continues to lose
What to watch for on Friday, September 2: Financial markets started September on the wrong foot, as recession-related concerns were exacerbated by China’s announcement that Chengdu, a city of roughly 21 million people, has been placed in lockdown over coronavirus. The US dollar rose, helped by upbeat local data and gloomy markets. In Europe, attention […]
Forex today: The dollar remains victorious for another month
What to watch for on Thursday, September 1: The US dollar ended the month of August with substantial gains across the currency board. On Wednesday, it rose against most of its major rivals, although the EUR/USD pair advanced for the third day in a row and traded around 1.0050. The EU’s Harmonized Index of Consumer […]
Forex Today: Spotlight on European Inflation Data and US ADP Report.
This is what you need to know to trade today Wednesday, August 31: Markets remain relatively subdued midweek as investors await euro zone inflation data. In the second half of the day, the new ADP employment report for the private sector will be the protagonist of the US economic docket. In early morning Europe, US […]
Forex Today – Asian Session: Beware EU Inflation Overheating
What to watch for on Wednesday, August 31: The gloomy market environment eased early on Tuesday, although investors are far from optimistic. The USD lost some ground during the first half of the day, mostly against its high yielding rivals, but rallied during US trading hours, rising against most major rivals except the Euro. The […]
The Turkish CEO of Thodex who blew it with 2 billion dollars was arrested in Avlona, ​​Albania
Faruk Fatih Ozer, the Turkish businessman wanted by Turkish authorities on charges of masterminding a mega-cryptocurrency scam, has been arrested in Albania and is expected to be extradited to Turkey, the Turkish Interior Ministry announced on Tuesday. Ozer, the 28-year-old CEO of cryptocurrency exchange Thodex, is accused of one of the biggest financial frauds in […]
Forex Today: Markets Quiet Ahead of Key Data Release
This is what you need to know to trade today tuesday august 30: Following Monday’s choppy session, markets appear to have calmed down on Tuesday with the Dollar Index (DXY) continuing to move sideways below 109.00 in European morning. US stock index futures are up 0.2%-0.4%, pointing to an improving mood in the markets. The […]
Forex Today – Asian Session: Dollar buyers between a rock and a hard place
What to watch for on Tuesday, August 30: The dollar started the week strong, but ended the day with modest losses across the currency board. Market traders were caught between recession fears and hawkish politicians hinting at tighter monetary policies. Following the Jackson Hole Symposium, the odds of a 75 basis point US Federal Reserve […]
Forex Today: Dollar Strengthens After Last Week’s Gains on Bets on an Aggressive Fed
This is what you need to know to trade today monday august 29: Following FOMC Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday, the Dollar Index gained strength and posted weekly gains. The index started the new week on a strong note and reached its highest level in two decades near 109.50. […]
Bitcoin is moving below $20,000
Bitcoin fell below $20,000 over the weekend – and continues to move below that level today – following a “hawkish” speech by US Federal Reserve (Fed) Chairman Jerome Powell on Friday, in which warned that interest rates would continue to rise in order to rein in inflation. Bitcoin fell about 8% after Powell’s remarks on […]