The Lonnie weakened to its lowest levels in the last two-year against the greenback on Tuesday. Canadian stocks tumbled more than 1%. Investors refrained from placing aggressive bids following a bit cooler inflation readings and a Federal Reserve rate decision …
The British pound found no relief and continues to scale down as the fresh trading week begins. Domestic factors affect the performance of the major heavily as compared to the other major factors. Depressive economic data, rate differential between the …
Ethereum sinks 14% post-Merge and remains in the control of the bears. The on-chain data suggests a record number of ETH tokens flowed onto exchanges, indicating the flow of transactions. Almost 1.5 million Ethereum were transferred in just 24 hours. …
The sterling is on a downward spree despite not much activity around the greenback. The GBP/USD pair has depreciated nearly 1.30% from the monthly highs and still the rest of the two weeks remaining of September. The recent market structure …
Gold price trades negatively for the second straight day and breaks the $1,700 level. The precious metal remained pressured following the previous session’s rout. Despite, a weakness in the U.S dollar, the yellow metal failed to revive. The market is …
The much anticipated Ethereum Merge is expected to happen this Thursday, as per the Ethereum Foundation. In simple terms, it’s a technology upgradation that would reduce the blockchain’s energy consumption by 99%. The upgradation would shift Ethereum from a proof-of-work …
Bitcoin continues the upside momentum that begins on September 7. Since then the price has appreciated nearly 22% and finally managed to cross above $22,000. A risk-on mood helped the riskier assets. Investors await U.S inflation data and assess an …
The European Central Bank (ECB) picked up its choice between growth and inflation. In today’s meeting, the ECB went for its biggest rate hike for the first time in 23 years of its existence. Of course, the reason should be …
The Pound fell to its 29-month low of 1.1400. The spot remained offered in September extending the medium-term downside trend. The price hovers near March 2020 low. A superlative U.S dollar and dovish BoE remarks—a dual factor recipe ruined investors’ …
Despite favorable Retail sales data, the Aussie remains pessimistic. With a cautious market mood ahead of several central bank rate decisions the greenback remains in the high spirit. The U.S. dollar index (DXY) scaled to new highs. It touched the …
