Thu, March 30, 2023

USD trading

dollar, euro, Ukraine

Currency markets react to banking instability fears

The U.S. dollar retreated slightly as fears of full-scale banking instability dampened demand for the so-called on-protected shelter assets. The yen advanced, despite also being traditionally a haven, with analysts pointing to higher flows ahead of the end of Japan’s fiscal year. The dollar retreated to 130.52 yen and was last down 0.38% at 102.49 …

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The Eu’s Oil Embargo Risks Escalating Already High Inflation

Oil prices rise as Credit Suisse bailout eases fears

Oil prices advanced from 15-month lows earlier in the day as Credit Suisse’s bailout eased fears of global banking sector turmoil that could weigh on economic growth and fuel demand. After initial volatility on Monday, sentiment in financial markets increased following UBS’s takeover of Credit Suisse. Brent oil prices advanced by 52 cents, or 0.72%, …

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Bitcoin

$30k For Bitcoin? Fed Introduces New Weapon To Save Foreign Banks

$30k For Bitcoin? Fed Introduces New Weapon To Save Foreign Banks     The price of bitcoin is once again trading above $28,000, displaying an extraordinarily strong trend that points to future gains as the American banking crisis intensifies into a global banking crisis. The US Federal Reserve has restarted the money printer, which is …

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Cardano

The price rally for Cardano (ADA) has reached a critical point

The price rally for Cardano (ADA) has reached a critical point The price of Cardano (ADA) began a new uptrend over the $0.32 resistance. If ADA overcomes the $0.350 barrier area, it will increase further. In the 4-hour ADA/USD pair chart, a significant negative trend line is forming, with resistance near $0.348. (data source from …

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ether

The CFTC head reiterates the future of stablecoins and ether

The CFTC head reiterates the future of stablecoins and ether At a recent Senate hearing, the chairman of the US Commodities Futures Trading Commission (CFTC) reiterated that stablecoins and ether are commodities and therefore fall under its jurisdiction. When using the founder of FTX, Sam Bankman-Fried, in the middle of December, the CFTC claimed that …

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cryptocurrency

The cryptocurrency crisis of last year will strengthen them in 2023

The cryptocurrency crisis of last year will strengthen them in 2023 According to a Fidelity analysis, the bitcoin ecosystem’s challenges could make the sector more resilient. On Friday, January 24, Fidelity Digital Assets released the 2023 Look Ahead report. The research discusses the major advancements in the bitcoin and cryptocurrency business in 2022 and provides …

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Ethereum

Liquidation On Bitcoin Increases, Ethereum Starts To Awaken

Position Liquidation On Bitcoin Increases As Ethereum Starts To Awaken Many traders wagering with future contracts that Ethereum and bitcoin’s price will decline in the upcoming days. They were wrong  when it rose to USD 21,000 (BTC). They suffered losses of money that they hadn’t seen in 17 months due to this “short trading” technique. …

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dollar

As Europe’s Inflation Slows, the Dollar Declines

On Wednesday, the dollar lost ground to commodity currencies like the Australian dollar and the euro, which gained strength from a slew of data that suggested that European inflation may have reached its peak. Investors who have grown more confident about the possibility that China’s relaxation of strict COVID restrictions will give the world’s second-largest …

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