News
Pound Drops Under $1.35 as BoE Chief Faces Parliament
2+ hour, 25+ min ago (854+ words) Sterling crashed Wednesday. The British currency fell below $1.35 as traders braced for Bank of England Governor Andrew Bailey's parliamentary testimony and a crucial by-election that could shake Prime Minister Boris Johnson's grip on power. The pound hit $1.3486, down 0.4% for the…...
NZD/USD Holds Near 0.5970 as RBNZ Stays Put Amid Global Jitters
2+ day, 21+ hour ago (683+ words) The kiwi dollar stayed steady. NZD/USD traded around 0.5970 on Friday after the Reserve Bank of New Zealand kept its cautious stance intact amid swirling global economic uncertainties that continue to rattle financial markets worldwide. Forex volumes were light. Trading…...
Kashkari criticizes cryptos and defends fed’s independence
2+ day, 23+ hour ago (365+ words) Neel Kashkari is not holding back. The head of the Minneapolis Fed fiercely criticized cryptocurrencies yesterday during a speech in Fargo, North Dakota. Stablecoin advocates argue for faster and cheaper cross-border transfers. Kashkari isn't buying it. He points out that…...
Dollar Stays Strong After Fed Minutes Drop
3+ day, 18+ hour ago (721+ words) The dollar kept its grip tight after Fed officials dropped their February 19 meeting minutes. Euro traders watched their currency stumble while the greenback flexed its muscles across global markets. Euro hit $1.067 yesterday. Not good. British pound held near $1.24 despite all…...
USD/CAD Hits Two-Week Peak as Loonie Stumbles Near Critical 1.3700 Mark
4+ day, 4+ hour ago (734+ words) The USD/CAD pair climbed Friday. Traders watched closely as the currency duo pushed toward the key 1.3700 resistance level, marking its strongest position in two weeks amid mounting pressure on Canada's struggling dollar. Not the outcome anyone wanted. Meanwhile, the…...
Bitcoin Plummets to $66,000 as Fed Signals Rate Hike
4+ day, 6+ hour ago (728+ words) Bitcoin crashed to $66,000 Thursday. The world's biggest cryptocurrency can't catch a break, marking its fifth straight weekly drop as Federal Reserve minutes spooked investors with talk of higher interest rates. Bitcoin's recent nosedive stings even more when you remember where…...
Gold Stalls Near $5,000 Mark as Fed Hawks Circle
4+ day, 9+ hour ago (908+ words) Gold prices hover just below the crucial $5,000 level during Thursday's Asian session, with traders playing it safe amid swirling global uncertainties that keep everyone guessing about the next big move. Geopolitical chaos dominates headlines right now. Eastern Europe conflicts rage…...
Tech Stocks Tank as AI Fears Grip Wall Street
4+ day, 21+ hour ago (179+ words) Markets took a beating Tuesday as artificial intelligence worries sent tech giants tumbling across the board. The Nasdaq got hammered, dropping 1.3% by midday while investors basically ran for the hills on anything AI-related. The S&P 500 fell 0.7%. Tech valuations look…...
Silver Crashes to $76 as Fed Minutes Loom Over Markets
4+ day, 21+ hour ago (745+ words) Silver got hammered Tuesday. Prices dropped to $76 per ounce as traders braced for the Federal Reserve's latest meeting minutes, due out later today. Markets hate uncertainty. Always have. The London Bullion Market Association saw trading volumes spike 15% on Tuesday compared…...
Corporations Buy Bitcoin Aggressively Despite Major Price Drop
4+ day, 21+ hour ago (625+ words) Big companies keep buying Bitcoin. They're not scared by the massive price drops we've seen this year, and some are doubling down on their crypto bets even as regular investors panic. Not everyone's convinced though. The crypto market's seen this…...