The Ukrainian invasion and the West’s sanctions plunged the ruble by 40%, but the Russian currency rebounded massively to seven-year highs. For now, the ruble remains strong, and RCB tries to weaken the currency as it might hurt exports. Dan Ashmore argues that the ruble’s strength is fake, though it confirms the failure of the … Read more
Briefly – Fed hiked interest rates by 75 basis points. The goal is to push rates beyond neutral at around 100bp. More impending hikes. 2022 seems a historic year for monetary decisions by central banks. The European Central banks conducted an emergence conference yesterday, following last week’s daunting task. Nevertheless, the market had no time … Read more
Things have been looking a bit shadowy in the cryptocurrency industry, with Bitcoin declining almost by 50% since the period of all-time high as of November 2021. Although there are precise trends that indicate a shift is in view. Bitcoin is presently on to its 12th week of the principal reduction since the all-time high, … Read more
The US dollar’s continual decline and Underperformance in the Forex market recently reflect on other currency pairs leveraged on the green paperback, as is the case for the USD/CAD currency pair. USD/CAD is consolidating at the 1.2500 region, unable to field enough momentum to reverse from a nine-week long downward low of 1.2453 it plunged … Read more
On Tuesday, US stock indexes fell from record highs due to increasing concerns about inflation after last month saw a major increase in producer prices. In contrast, General Electric climbed on news of its plans to divide into three public companies. The producer prices data of the Labor Department indicates high inflation and this has … Read more
On Tuesday, the euro managed to remain steady against the US dollar and most of the other currency pairs remained unchanged, as traders were waiting for US inflation data figures later in the week, along with some other clues from governors of central bank regarding the direction of the interest rates. Last week, central banks … Read more
On Tuesday, the pound saw itself fall against the euro as well as the dollar, which brought it not very far from the five-week low that it had reached in the previous week, as sentiment was weighed down because of fading expectations of a hike in interest rates. Sterling had experienced a sharp fall last … Read more
On Tuesday, Canada’s main stock index fell after it hit a new closing high in the last session because of a weakness in healthcare stocks. Meanwhile, investors continued to proceed cautiously ahead of the release of US inflation data that are scheduled for later in the week. There was a fall of 0.16% or 34.31 … Read more
The financial markets provide people with a number of opportunities for achieving their financial goals, but you have to have the right knowledge and skills in order to enjoy the profits you want. There are a number of tools that can be extremely helpful for traders during the process and one of these are trading … Read more
