Dollar Continues To Plunge Upto 1% Against Fiber & Pound

Dollar Continues To Plunge Upto 1% Against Fiber & Pound

The dollar is continuing to fall against other currencies today, as we see the technical correction run deeper ahead of the weekend break. Yesterday, Fed chair Powell didn’t give a different message to Jackson Hole, while the ECB delivered on expectations and kept the door open for another 75 bps rate hike in October. USD/JPY…

U.S Stocks Fall After Comments From European Central Bank Sources

U.S Stocks Fall After Comments From European Central Bank Sources

U.S stocks tumbled on Thursday after European Central Bank sources said that the bank is not currently considering further stimulus measures. The comments weighed on stock markets around the world, with the Dow Jones Industrial Average falling more than 131 points, or 0.42%. The ECB’s recent comments that 75 basis points is not off the…

EURUSD Is Creeping Just Above Parity As We Await ECB Meeting Later Today

EURUSD Is Creeping Just Above Parity As We Await ECB Meeting Later Today

The EURUSD currency pair is currently trading just above parity, with the European Central Bank (ECB) being the main focus of market participants. The ECB is set to announce its latest monetary policy decision later today, and there is growing speculation that the bank could take additional steps to support the Eurozone economy. The EURUSD…

BOJ Is Concerned About Yen’s Recent Free Fall Moves

BOJ Is Concerned About Yen’s Recent Free Fall Moves

After the meeting between the Ministry of Finance, the Financial Services Agency, and the Bank of Japan, Japan’s top currency diplomat Kanda made the following remarks: Usdjpy D1 Some of the remarks about the yen’s decline have been harsher than expected, causing a brief dip in the USD/JPY currency pair from 143.75 to 143.45. However,…

BTC slid to 6-week lows on Sunday, losing over $60 billion in market value

BTC slid to 6-week lows on Sunday, losing over $60 billion in market value

The crypto markets have taken a beating over the past few days, with Bitcoin (BTC) leading the charge downward. BTC slid to 6-week lows on Sunday, losing over $60 billion in market value. The sell-off appears to have been driven by a combination of factors, including BTC’s struggle to break above the $10,000 level and…

Today is a good day. The day when we got back our land,” Zelensky said in a statement

Today is a good day. The day when we got back our land,” Zelensky said in a statement

Ukrainian President Volodymyr Zelensky on Wednesday hailed the capture of settlements in the country’s east from Russia-backed separatist forces as “good news,” while also calling for a ceasefire. “Today is a good day. The day when we got back our land,” Zelensky said in a statement released by his office. “I know that the situation…

Russian finance minister says that it is reasonable to build up reserves in gold and yuan

Russian finance minister says that it is reasonable to build up reserves in gold and yuan

Russian finance minister says that it is reasonable to build up reserves in gold and yuan, as both assets are seen as safe haven investments. He added that Russia’s central bank is currently evaluating the possibility of increasing its holdings of these assets. This further highlights the deepening ties between China and Russia as the…