The recent confirmation of crypto.com on $30 million stolen by hackers puts pressure on the Bitcoin. Stricter scrutiny on the crypto exchanges also weighs on the crypto- king. Russia call for blanket ban on crypto trading and mining exerts downward pressure on the Bitcoin. Bitcoin had a drop during Friday Asian session. Crypto hacking, [...]
The soaring inflation in US and Germany favors the yellow metal. US president Biden's speech supporting the Fed Powell's helped the Yields to surge. Russia-Ukraine situation also underpins the bullish rally of the Yellow metal. Gold price has edged high and reached the 2 month high of $1844 during Thursday Asian session. The yellow [...]
Firm US dollar after the previous day's surge in U.S. yields, weighs on the GBP/USD. The ''Partygate'' scandal creates political uncertainty in UK and in turn weighs on the pound. Formal talks between US and UK and the Cautious optimism on the UK inflation data favors the Pound. The Britain Pound seesaws against the [...]
As widely expected, the BOJ left unchanged a -0.1% target for short-term interest rates and pledged to guide long-term rates around 0%. Japan braces for tougher covid-linked restrictions due to wide spread of the Omicron variant. US dollar is high as traders braced for the possibility of a hawkish surprise from the Federal Reserve. [...]
