U.S. Federal Reserve (Fed) Governor Christopher Waller said the U.S. dollar (USD) is likely to sustain its dominant status around the world despite recent threats from both cryptocurrencies, the promotion of the Chinese yuan and the strengthening of the euro. “I do not expect the US dollar to lose its status as the world’s reserve […]
Bitcoin’s market capitalization surpasses $1 trillion again
The market capitalization of Bitcoin surpassed $1.013 trillion, reaching a 25-month high, primarily driven by the approval of Bitcoin (BTC) ETFs in the U.S. market. The total value invested in Bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021, supported by inflows from exchange-traded funds (ETFs) trading the spot cryptocurrency in […]
Daily Technical Analysis EUR/USD: The euro tries to stem its price losses
The euro (EUR) weakened against the US dollar (USD) on news that inflation in the United States rose by 3.1% year-on-year last month, beating market expectations. The EUR/USD exchange rate looks set to hit the support level at 1.0400, according to analysis, following the jump in the U.S. dollar after the release of last month’s […]
UK Inflation Holds Steady: Analyzing January’s CPI and Economic Outlook
Inflation in the U.K. has surprised positively in January. The Consumer Price Index (CPI) has settled at 4% year-on-year for the first month of the year, remaining unchanged compared to the rate recorded for December. The reading was more positive than expected, as analysts had expected 4.2%, according to data released by the Office for […]
The U.S. Consumer Price Index fell to 3.1%, collapsing any possibility of interest rate cuts by the U.S. Federal Reserve
As reported by the U.S. Department of Labor’s Bureau of Labor Statistics, the U.S. Consumer Price Index (CPI) decreased to 3.1% year-on-year in January, a drop of three-tenths of a percentage point from December. The high inflation on U.S. soil and its persistence buried the options for a possible lowering of interest rates by the […]
As the dollar moves cautiously, stock markets remain at two-year highs ahead of inflation-related data
On Monday, the U.S. dollar (USD) showed volatility due to important data expected this week that will influence monetary policy. For this reason, two members of the U.S. Federal Reserve will be speaking this week to keep calm ahead of the release of January’s Consumer Price Index data. Revisions made on Friday last week, which […]
The five most important events of the week
This week, inflation figures in the United States will take all the market’s attention, and at the same time, markets will be looking for signals on the timing of interest rate cuts by the U.S. Federal Reserve (Fed). Similarly, this week will see key data releases from Japan and the U.K., not to mention oil […]
Bitcoin price hits highest levels since 2021
Bitcoin (BTC) hit its highest price since December 2021, boosted by a record debut by U.S. exchange-traded funds. The cryptocurrency rose more than 2.1% to US$49,130, surpassing last year’s highs. This occurred a few weeks after ETFs were approved in January. Likewise, Bitcoin is poised for a seventh consecutive gain, which would become the longest […]
Daily Technical Analysis on EUR/USD: Oversold levels may be present
Generally, the euro (EUR) is considered one of the weaker currencies when the U.S. dollar (USD) is trending towards strength. However, the view of U.S. economic strength may open the door for a prolonged period of dollar-side profitability. After robust U.S. employment data in January, analysts now believe that the anticipated easing in demand might […]
Cocoa prices hit record highs, raising confectionery costs for this year
Cocoa futures extended their growth and reached record prices in New York as a deficit grips the market, and chocolate and other confectionery products could become more expensive in 2024. Since the beginning of the year, cocoa prices have soared nearly 30% in London and New York, marking a continuation of the price escalation that […]