Wall Street’s major indexes closed lower yesterday, Monday, March 25th, during a short week due to the Easter holidays. This comes amidst a calendar packed with important data releases and ongoing investor analysis of the Federal Reserve’s (Fed) potential interest rate path. Last week’s bullish rally following the Fed meeting propelled Wall Street to record […]
On May 28, the London Stock Exchange will introduce cryptocurrency ETNs
The London Stock Exchange (LSE) officially announced on Monday that cryptocurrency exchange-traded notes (ETNs) tracking the price of both Bitcoin (BTC) and Ethereum (ETH) will be launched on May 28. ( Applications can be submitted starting April 8, with listing expected in May, subject to approval by the Financial Conduct Authority (FCA). Investors will need to […]
Outlook for this week’s most important events
Key points to watch out for: US Dollar Rebounds After Fed Meeting Last week was filled with events on the economic calendar, especially for those trading in the foreign exchange market. There were nearly five central bank meetings that caused volatility in market prices. In an unexpected move, the Federal Reserve (Fed) continued to assert […]
The US Federal Reserve Holds Rates Steady
The US Federal Reserve (Fed) decided on Wednesday to hold interest rates in the 5.25% to 5.50% range for the fifth consecutive time, in line with market expectations. Officials added that they do not believe it is advisable to reduce the target range until they have gained more confidence that inflation is moving towards the […]
Daily Technical Analysis: EUR/USD: Euro moves within technical levels
The EUR/USD pair appears stable above the 1.0850 level in the early hours of this Wednesday’s European session, after posting slight losses in its price yesterday, Tuesday. Short-term technical estimates seem to indicate a lack of momentum for recovery; for now, markets are bracing for the Federal Reserve’s (Fed) monetary policy announcement today. It is […]
The dollar rises in value and other currencies react
The US dollar (USD) gained value against other currencies on Wednesday in Europe ahead of the Federal Reserve’s (Fed) latest monetary policy decision. The British pound (GBP) lost value after signs of cooling inflation in the UK, while the Japanese yen (JPY) continued to decline. Federal Reserve decision Federal Reserve policymakers are set to conclude […]
Bitcoin price continues to fall after reaching all-time high
The cryptocurrency market continues to suffer losses after a strong performance last month and the first few weeks of this month. Bitcoin (BTC), the cryptocurrency with the largest market capitalization, recorded losses of nearly 7% in the middle of the trading day on Tuesday, and its price is hovering around $62,000 per unit. The fall […]
Reserve Bank of Australia Holds Interest Rate
In its recent Tuesday meeting, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% and the interest rate on exchange settlement balances at 4.25%, key rates that influence borrowing costs and economic activity. The Australian central bank noted a moderation in inflation rates, though they remain elevated due to factors such as […]
Bank of Japan raises interest rates for the first time in 17 years
On Tuesday, the Bank of Japan (BoJ) decided to raise its short-term benchmark interest rate to 0.1%. This is the first such measure taken in 17 years, and it comes alongside the withdrawal of other stimulus measures that were applied under its monetary policy program. The decision was made by the policy board of the […]
Outlook for this week’s most important events
Key points to watch out for: Federal Reserve meeting: brace for impact This week is undoubtedly one of the busiest on the economic calendar, perhaps the most important for investors. Many banks will make key decisions this week, but the most important will be on Wednesday, March 20, when the Federal Reserve (Fed) meets. There […]