The U.S. dollar rose on Thursday, while the pound fell ahead of the Bank of England’s latest meeting. Dollar rises after the holiday The U.S. currency rose on Thursday after traders returned to the market following the holiday. U.S. economic data brings initial jobless claims figures along with housing starts data later in the session, […]
The World of DeFi: A Complete Guide to Its Features, Benefits, and Risks
Decentralized finance is becoming increasingly popular. To give an idea of its growth, there are now more than 4.8 million users of decentralized finance globally. Additionally, it is expected that about 78 million dollars are circulating in the entire DeFi ecosystem. Nevertheless, it is a topic that still generates many questions. This field is continuously […]
Bitcoin price today: trading close to decisive levels around $65k
The Bitcoin price lost ground slightly on Wednesday, continuing recent weakness amid fears over the health of the economy around the world. Bitcoin price trades at decisive levels The possibility of rising borrowing costs in the U.S. have halted enthusiasm for the cryptocurrency market, where bitcoin is the world’s largest capitalized cryptocurrency. The Federal Reserve […]
Daily technical analysis EUR/USD: Conservative stabilization
At the beginning of the week, the EUR/USD was able to stabilize near $1.07, remaining at its lowest levels for the past seven weeks. This follows a 0.8% decline in the previous week, which represents the biggest loss since April. In a general overview, market participants are keeping an eye on the political turmoil in […]
Dollar stable, pound rises on UK inflation data
The U.S. dollar stabilized on Wednesday after overnight losses, while sterling was able to advance after inflation in the U.K. returned to the Bank of England’s target number a span of almost three years. The dollar is stable The U.S. currency stabilized on Wednesday after showing weakness last session as retail sales rose slightly in […]
Risk management in trading: 5 useful methods
There is one tool that will help you minimize your losses: trading risk management. It is important to understand that all traders have exposure to risk; there is no way to avoid it completely. However, if you know how to manage it correctly, your trading strategy can be more efficient. Keep in mind that some […]
Inflation impacts retail sales in May: only 0.1% growth
Retail sales indicated a weaker-than-expected performance in May as retailers continue to grapple with persistently high levels of inflation. Sales rose by 0.1% in May, a tenth of a percentage point below the Dow Jones forecast, according to a Commerce Department report Tuesday that is seasonally adjusted but not inflation-adjusted. Nonetheless, the result was barely […]
Tether introduces aUSDT, its new overcollateralized synthetic asset backed by gold
Tether, the stablecoin issuer, introduced a new product that is backed by tokenized gold. In a statement on Monday, the company behind USDT announced the launch of Alloy, its new Ethereum network-based platform that gives users the ability to create tokens backed by XAUT, the stablecoin backed by Tether’s physical gold. “Alloy by Tether is […]
U.S. stocks advance ahead of retail sales release
U.S. stocks were trading slightly higher on Tuesday ahead of the release of key retail sales data, a major driver of the U.S. economy. The major indices closed Monday’s trading day higher, with the Dow Jones Industrial Average up just under 190 points, or 0.5%, the S&P 500 up 0.8% and the Nasdaq Composite rising […]
Dollar rises ahead of retail sales and Fed speeches
The U.S. dollar rose on Tuesday in anticipation of retail sales data along with speeches from the Federal Reserve, as traders look for signals to better gauge both the timing and pace of interest rate cuts. Dollar trades with signs of volatility The greenback has moved with signs of volatility over the past week, weighed […]