by Jibran Munaf | August 12, 2024 | Currencies, Currency Markets Analysis, Major Currency Pairs, News, Trending Now
The yen fell against the dollar on Monday during calmer currency market trading after a volatile week, while investors assess the likelihood of a significant Federal Reserve rate cut next month, anticipating a series of U.S. economic data releases. This respite comes...
by Jennifer George | August 9, 2024 | Cryptocurrencies, Currencies, News
On Wednesday, John Reed Stark, a former chief of the SEC Office of Internet Enforcement, took to X to urge all investors to steer clear of any investments in the cryptoverse. Stark elaborated about the “high risks” associated with unregulated crypto...
by Jibran Munaf | August 8, 2024 | Currencies, Economy, Finance, News
Chinese exporters, who have benefited from a weak yuan, are now facing a new challenge as the currency strengthens. The “offshore” yuan traded in Hong Kong surged to its strongest level for 2024, trading below 7.1 against the U.S. dollar on Monday before settling...
by Jennifer George | August 6, 2024 | Breaking, Currencies, Markets, Stocks & Bonds, Trending Now
As world markets crashed on Monday, millions of investors witnessed a market phenomenon that resonated with premonitions of the 2008 financial crash. Global investors engaged in rampant yen carry trades in since 5th August, causing the Nikkei and Nasdaq to tank to...
by Jennifer George | August 5, 2024 | Cryptocurrencies, News, Trending Now
Monday morning marked the lowest Bitcoin plunge since February 2024. In the early hours of August 5th, Bitcoin fell by 16.53% to trade at $49,883. Live data from The Block also illustrated an Ether fall, the lowest since January of 2024, currently charting at $2,186...
by Jennifer George | July 30, 2024 | Cryptocurrencies, News, Trending Now
Trump believes in crypto and is prepared to fully endorse it as a legitimate asset class in the US. Republican candidate Donald Trump delivered the keynote address at the annual Bitcoin conference in Nashville, Tennessee, on July 27th, 2024, where he mapped out his...
