Cryptocurrencies traded lower since yesterday as regulatory concerns re-emerged. Bitcoin broke the initial support 34,000 more than the initial support, down 5% in the last 24 hours. Cryptocurrency might stabilize around $30,000, which is the bottom of the one-month trading range. Growing concerns from regulators have weighed on cryptocurrency prices over the past few months. [...]
The coronavirus pandemic has created an economy overheating and rising inflation in the United States. Which suppress the US dollar into bearish trend and the main reason is rising in oil and gasoline prices. Rising oil and gasoline prices pushes the US economy into challenges. West Texas Intermediate, the U.S. oil-price bench mark, hit $76.98 [...]
The GBP staggered low against the dollar on Wednesday after disappointing the Covid cases increases in Britain which raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve's minutes from its last policy meeting. Yields have plummeted in recent weeks as many speculators bet that rising inflation could trigger [...]
Aussie seems to pick up bid after the RBA interest rate decision and enjoying its bullish moment. Australia’s cash rate has been left on hold at the record low level of 0.10 per cent. The Reserve Bank of Australia met on Tuesday and decided to suspend official interest rates for eight consecutive months. The central [...]
