Currency

During the opening hours of the European trading period today, EUR/USD ranged sideways. This happened as investors were cautious of placing huge bets before the crucial United States’ employment data. Also, yesterday the United States dollar gained some stamina due to the risk avoidance sentiment in the market. The hawkish comments by the Federal Reserve […]

XAU/USD is retaining its previous correction, as the United States dollar dips along with yield during a time of poor performance of the Treasury yield. Also, the risk tone looks better, as it reflects Asian stocks and the S&P 500 futures. This however supplied a headwind to the USD as it supports Gold. Investors are […]

  The crime investigation department of the Indian police accused the criminal of converting money (that he had fraudulently gotten from his victim) into cryptocurrency so that the money will be untraceable. The fraudulent game app ran for two years and was used to rake in a large amount of $1.6 million. The accused, a […]

The USD falls further downwards from a twenty years height during the previous week. However, this has become a major factor initiating the move toward the USD-based commodity. The BoE’s eagerness to purchase around five billion pounds of long-dated gilts pulls the United States bond yield from its many years top and keeps burdening the […]

Recently, in the Bitcoin market (towards the end of September), the price of the crypto experienced high volatility as the high and low of candlesticks (between the 27th and the 28th of September)) ranged from $20,324 and $18,509. Now, we see that the price pull and push are reducing and moving within the range of […]

A report coming from ABC Australia has is that a key investment bank is on the edge, giving ‘a reliable source’. Most are referring to Credit Suisse. This institution was involved in Archego’s calamity, and ever since then, the value of their share fell from $14.90 to $3.90. Also, the credit default exchanges are at […]

Ethereum currently is bearish. The bearishness started in 2021 and has lasted till date and will continue for the rest of this year and the year 2023. Even on the day of the Merge, ETH plummeted furiously. The most important reason for the bearishness is crypto winter. During crypto winter, ETHUSD will be trending downwards […]

A TRUTH ABOUT TRADING A couple of things in life that I really don’t look forward to are: 1. when they draw blood for my semi-annual health checkup and 2. when I have to go to the doctor. Yet, when I think about it, not going could be a lot worse than going. I don’t […]

In a bid to improve the satisfaction of customers in the area of easy conversion of stablecoins to cash, Binance is bringing up BUSD (Binance USD). This is expected to be encompassing the three stablecoins as it will automatically convert the three stablecoins to BUSD. This new development will affect the new users’ accounts and […]

After the Taliban government imposed a ban on all activities involving digital assets, police agents raided and closed down about 16 crypto exchange institutes in Herat. Due to the change in the Afghan government, which resulted in economic instability in the nation, many of the citizens resulted to changing their traditional currencies to cryptocurrencies as […]