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Doge and 22% loss in 7 days!
DOGE's 24-hour trading volume shows more than a 70% increase, about 23% loss in 7 days of trading. With increasing Doge supply in exchanges, these data also increase the market risk more than before. The overall cryptocurrency market has been un...
NFP Preview | March 2023
While we are waiting for NFP numbers on Friday, in recent days, market participants have been following the ADP and JOLTs data and Mr. Powell's semi-annual monetary policy testimony to the Senate Finance Committee.On Tuesday and Wednesday, Mr. Powell...
BoC and Oil sent the Loonie deeper!
On Wednesday, the Bank of Canada held its monetary policy and interest rate decision meeting. After eight straight months of rate hikes totaling 425 basis points, interest rates rose to 4.5%; this pause was read as a signal of the end of contractiona...
Sterling should have used the opportunities.
According to data published Tuesday, March 7, UK Halifax House Prices Rose by 1.1% in February, 3-Year Treasury Gilt Auction raised to 4.151%, and Mortgage Rate in February increased to 7.02%. In addition, Retail Sales and Construction PMI beat Estim...
The expected decision sent the Aussie down almost 1%
As was widely expected, the Reserve bank of Australia raised the rates by only 25 bps but signaled more hikes in following meetings. Bringing the rates to 3.60%, RBA raised interest rates to over a 10-year high, but it is not the end of the cycle, as...