Will Canadian job data boost loonie? It’s been a busy week for the Canadian dollar. USD/CAD started the week with strong gains, but the Canadian dollar has clawed back and recovered most of those losses. The week will wrap up with the Canadian employment report for February. The markets are expecting a huge turnaround after […]
Projecting similar patterns of development over the past week, AXS and AlGO were most likely to see a further drop in prices while MANA seemed to be a bit more stable than the rest. Axie Infinity (AXS) Axie Infinity dropped down from the $65.68 mark during mid-February to gain crucial support at the $42.63 level, […]
As the tension between Ukraine and Russia is intensifying, volatility is expected to increase in global markets. The EU upped its sanctions on Russia, cutting 'selected banks' from SWIFT.
It has been a banner week for the New Zealand dollar, which has climbed 1.79% and gained over a cent. The US dollar is broadly lower on Thursday, and NZD/USD has gained 0.71% on the day, after posting gains every day this week. New Zealand has been hit with high inflation as the country continues […]
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The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging […]
The British pound is slightly lower in Friday trading. It has been an excellent week for GBP/USD, which has gained 1.26%. If the pound can maintain these gains during the day, it will mark the currency’s best weekly showing since December 2020. BoE raises rates by 0.25% As was widely predicted, the BoE raised rates […]
The European Central Bank (ECB) has kept interest rates at zero but Christine Lagarde, ECB’s president, said there was “unanimous concern” among policy makers about inflation. “Compared with our expectations...
Bitcoin fell further today to a low of $36,400 from $37,200 before somewhat recovering to $36,700. One reason might be the decision of the Bank of England (BoE) to raise...