BTC is on the verge of becoming a worldwide asset. Mike McGlone, a Bloomberg analyst, has frequently stated. He has stated that BTC’s inexorable upsurge is due to its continued momentum during market-moving occurrences. Nasdaq 100 Vs. BTC: Diverging Power Earlier this month, Bloomberg Intelligence looked at how BTC is doing on its way to
On Tuesday, the duo of USD/INR made a positive performance on the trading floor by reaching an all-time high of 77.17 amid the rising value of crude oil, which halted the potential of the Indian rupee against the intimidating greenback. As one of the major importers of petroleum products globally, India has experienced significant outflows
Following the escalation of hostilities in Eastern Europe between Russia and Ukraine, the crypto market has had a positive market recovery, which reached a high momentum last Wednesday before crashing on Friday. The crypto market was startled when the Russian president announced the country’s readiness to carry out a military offensive against Ukraine aimed at
One of the leading e-commerce companies globally, eBay, has revealed its plan to integrate a payment system that could see the e-commerce company accepting payment in Bitcoin. In an interview with THESTREET, the CEO of eBay, Jamie Lannone, said the company is already discussing the possibility of accepting cryptocurrencies for some time now. But in
A Little Slide The Euro shed some weight on Tuesday following comments by the European Central Bank’s President, Christine Lagarde when she attempted to control the high expectations trailing a rise in interest rates which boosted the regional currency up a three-week high on Thursday. The European Central Bank’s hawkish drift last week was a
An Import Euro Background Following the latest economic statistics gathered throughout the European Union, the dominant demand for a hawkish monetary policy has kept on putting pressure on European Central Bank top officials. Wednesday’s Eurozone Consumer Price Index surpassed widely celebrated previous releases from member countries in addition to their previous growths and unemployment figures
Waking Up to Reality Global stocks edged higher at the start of the new week when investors came to terms with the US Treasury’s economists’ view that the pressure of inflation should reduce in 2022 as a result of reduced demand on goods which will ease supply gridlocks and recede the COVID pandemic. Alongside an
The US dollar started the new dip, making it lower on the index. The dollar dropped to almost a year and a half low against the Euro as more pro-high interest rate comments pervaded in the course of the weekend by Federal Reserve officials. The hawkish statements brought the US yield curve to its flattest
Having Global Effects Financial strategists at leading investment banks around the world were, on Thursday, unsettled by the US Federal Reserve’s monetary policy aimed at an interest rate increase in order to arrest the growing inflation and market instabilities. The American Federal Reserve had on Wednesday, after a two-day meeting to draft a monetary policy
Nomura, a Japan-based investment giant, has pegged the first quarter of 2022 as a possible timeline for the US Federal Reserve’s first interest hike enforcement. Nomura pegged the Fed increase at a possible 50-basis point (bps) increase come March. Statements from the international bank’s spokesperson revealed that Nomura projects a subsequent three-time hike of 25
Market Trades On While waiting for a decision announcement after the Federal Reserve meeting on needed monetary policies, global stock markets have stepped up their gains while the US dollar hit a flat note all through. On the other hand, the global oil market surprisingly rose in the direction of a 7-year high as tensions
Ripple Effects Wall Street had a bit of turmoil during Tuesday’s trading session as US Futures, and Asian stocks took a nosedive as investors expressed fears over the military crisis in Easter European as the standoff between Russia and Ukraine continues, and also expressing fears over the American Federal Reserve’s expected monetary policy and its
