An age-old saying states that there are only two certainties in life: Death and taxes. Whoever came up with that saying clearly coined the phrase before crypto, I would add one more to that list, and that is fees! Not all exchanges are created equal in terms of fees, asset support, rewards distributions, features etc., which is […]
The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask...
New Zealand dollar slides to 4-month low The New Zealand dollar is in trouble. NZD/USD is down 0.57% on Friday, after posting losses for six consecutive days. The pair has plunged 2.56% this week and is at its lowest level since mid-September. The US dollar has powered higher this week, with impressive gains against the […]
The US dollar is running roughshod over the Swiss franc this week. USD/CHF has shot up 2.16% this week, rising to its highest level since November. In the European session, the Swiss franc is trading slightly above the 0.93 level. Swiss economic outlook remains favourable The KoF Economic Barometer, a key indicator, rose to 107.8 […]
Market volatility is not going away anytime soon as the ‘buy the dip’ crowd has a new motto, ‘sell the rally’. Today’s stock market rally did not last as corporate America reminded us that supply chain troubles persist, and profit forecasts are not providing any reasons to be optimistic. Many traders are still processing what […]
Oil WTI crude prices reversed earlier gains as the dollar surged following better-than-expected economic data that supported the idea that the economy can handle rapid Fed rate hikes. No one is questioning how tight the oil market remains, but there is some exhaustion after making fresh seven-year highs and that has led to some profit-taking. […]
Bitcoin is dealing with the aftermath of the FOMC meeting which maintained the Fed’s stance that rate hikes and tapering are likely at some point during 2022. BTC rallied substantially leading up to the meeting before losing most of its gains after it was confirmed that relentless money printing may end or at least slow […]
The US dollar has posted strong gains against the majors on Thursday, and GBP/USD has fallen 0.64% on the day, trading below the 1.34 line. It has been a dismal week for the pound, which has lost 1.29% in value. Powell powers the US dollar upwards The FOMC didn’t make any changes to policy at […]