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Sterling after upbeat UK data
Currently, the BOE`s interest rate is at 3.0%, and the difference with the Fed`s rate of 4.0% puts pressure on the Sterling.GBPUSD is supposed to have a volatile week, as central banks in the US and UK will have a monetary policy meeting. The week st...
Crypto bulls waver as Bitcoin breaches support
Bitcoin price bullish momentum seems to have petered out as the price has fallen below $17,000 again. Looks like bulls’ optimism wavered after the price hit one-month high last week. Bears are in control currently as price is testing the support. The...
Wall Street ended last week lower!
Producer inflation increased the recession concerns.Ahead of CPI data on Tuesday and the FOMC interest rate decision meeting on Tuesday and Wednesday, the risk of recession seems more serious with Jobless claims and PPI data. While last Thursday...
Crypto market, Caution, and Natural!
BTC is back above 17K, but overall cryptocurrency market capitalization is down about $840 billionAfter cooling tensions and overall market sentiment, the overall crypto market edged higher in the second part of last week. In contrast, during this we...
Loonie after BoC rate hike!
USDCAD and Thursday's employment numbers. On Wednesday, the Canadian central bank raised the rates by 50 basis points, as was widely expected. This is while the Reserve Bank of Australia already started slowing the pace of rate hikes and raised...
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