Central Bank Digital Currencies

Today we can observe changing habits and patterns of how payments are conducted. Although still prevalent, cash is becoming less popular and it is being replaced by different kinds of digital payments. The financial ecosystem is growing rapidly and many digital currency concepts have emerged that make it easier to get away with money. Moreover, as [...]

Pound is at downtrend ahead of election outcome

The cable pair is traded at its low level today London session. Amid widespread risk-on sentiment, the US dollar withdrawal, the recent resilience of the cable pair, and the pessimism surrounding Brexit-led challenges have recently reassured pair sellers in the UK petrol supply.  The UK government has decided to temporarily suspend competition rules for the [...]

BTC/USD Weekly Forecast (27th September 2021 – 01st October 2021)

Fundamental view: Bitcoin showed a downtrend against the dollar in this week. The adoption of the Bitcoin remains strong but investors does not seem to be interested in it. This week, Twitter released an update  providing Twitter users with a Strike account to tip BTC through the Lightning Network. While the rumors of this development [...]

XAU/USD Weekly Forecast (27th September 2021 – 01st October 2021)

Fundamental view: Gold traded low against the greenback during the course of the week. At the start of the week, concerns over the Evergrande crisis turned into a global turmoil. Evergrande, was at risk of default, which could result in a disruption of the entire country’s financial system. People's Bank of China announced that it [...]