Fri, December 02, 2022

Central bank

Bitcoin

Bitcoin Recently Reclaimed $17,000?

The Main Reason Bitcoin Recently Reclaimed $17,000 By market capitalization, Bitcoin, the most valuable cryptocurrency, has risen to a two-week high of $17,010 on the Bitstamp exchange. This is good news. The largest cryptocurrency by market capitalization increased by almost 4% in the previous day. The most recently price increased just before Federal Reserve Chair …

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The Stock Market is Spiraling Upwards

The Stock Market Is Spiralling Upwards

The Stock Market’s Reaction to The Fed Outlook Resulted in A Positive Week for Stocks Investors evaluated prospects for less-aggressive central bank tightening and weighed China’s latest move to nurture its economy before the end of Friday. Markets surge. For much of Friday’s condensed trading day, the S&P 500 was undecided. Nevertheless, the index reached …

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China sees growth in consumer spending

How Are China’s COVID Restrictions Controlling the Market?

As investors rushed to the haven dollar on Tuesday due to concerns over China’s COVID flare-ups, the dollar stabilized after rising the previous day. Bitcoin, however, came under pressure due to worry about new contagion following the bankruptcy of cryptocurrency exchange FTX. The dollar was at 141.86 yen, down 0.18% after a 1.2% gain; the …

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Bank of Israel Indicates More Interest Rate Hikes Ahead

Bank of Israel Indicates More Interest Rate Hikes Ahead

Even as a top central banker cautioned that borrowing costs would need to go higher to get a grip on inflation, Israel raised interest rates less than expected by most economists. The longest monetary tightening cycle in decades remains intact as policymakers raise the benchmark rate from 2.75% to 3.25% for the sixth consecutive year. …

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Gold and Metal

What Is Happening in The Market of Gold and Metals?

Gold prices increased marginally on Friday. However, they should have concluded the week down as hawkish remarks from Federal Reserve officials raised the dollar’s chances of more interest rate increases and hurt copper due to worries about the growing COVID-19 cases in China. After rocketing to a close to a three-month high earlier this week, …

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Dollar

The Dollar Is Rising, Is This Long Term?

On Thursday, the dollar climbed as U.S. Treasury rates rose as investors watched for aggressive remarks from Federal Reserve officials. At the same time, the British pound dropped due to investors’ dissatisfaction with the U.K. government’s most recent budget. The dollar recovered a touch after sliding in recent weeks as speculation that the U.S. central …

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dollar

The Dollar Regains Value, Will the Uptrend Continue?

As investors analyzed conflicting U.S. economic statistics on Thursday, the dollar advanced, while the British pound reversed course and fell ahead of the government’s budget statement. The dollar’s value has fallen in recent weeks as inflation statistics, and remarks from Federal Reserve officials have raised hopes that the central bank would soon be able to …

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Dollar

The Dollar Edges Higher in Fear of a Rising Inflation

After Governor Christopher Waller stated that the Federal Reserve was not weakening its fight against inflation, the U.S. dollar stabilized on Monday amid dwindling expectations of a less aggressive interest rate hike. The dollar was under pressure after a slight understatement of U.S. inflation on Thursday; it lost about 4% of its value in one …

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Oil

Can The Recession Crash the Oil Prices Further?

Oil prices increased on Friday as softer-than-expected U.S. inflation data raised expectations of more gradual Federal Reserve interest rate increases. Still, worries about slowing economic growth and a rise in COVID in China kept oil trade negative for the week. U.S. CPI inflation slowed more than forecast in October. This indicated that the Fed’s swift …

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