From profile pictures to celebrity endorsements, the NFT space has changed a lot since the market boom in 2021. Over the last two years, nonfungible tokens (NFTs) have emerged as one of the most active and noticeable aspects of Web3. The data stored on blockchains by NFTs may be connected with files that include various forms of media, such as photographs, videos and audio.
October 5, 2022
US stocks dropped more than 2% in August marking the biggest fall in 2 months and reflecting concerns about a potential recession and further interest rate hikes. Technology shares fell as the economic outlook appears pessimistic while economists fear that Federal Reserve members will remain hawkish and support further large rate hikes.
October 3, 2022
Quite the confusion is afoot in the financial markets. Tighter regulation, rising inflation, energy sector disruptions, social unrest and wars have taken a toll on the world's economies. How come Forex, as a means of investment, has come up on top as a global trend in 2022? Against the backdrop of current events, the international broker’s expert team at OctaFX has gathered some answers.
September 30, 2022
The Bank of England hit the panic button on Wednesday, announcing it will step into the UK government debt market to buy £65bn in bonds over the next two weeks to restore stability. Yields on UK bonds had gone through the roof in recent days after the government rolled out a budget that contained unfunded tax cuts, sparking debt sustainability concerns.
September 29, 2022
Last week, all the attention of the markets was focused on the FOMC meeting of the US Federal Reserve, which took place on September 21. The probability of another rate hike by 75 basis points (bp) had been estimated at 74%, and by 100 bps at 26%. The first forecast turned out to be correct: the rate was increased from 2.50% to 3.25%. But this was enough for the DXY dollar index to fly up and exceed 113.00 points.
September 27, 2022
The Standard & Poor’s (S&P) 500 Index measures the market capitalisation of the top 500 US largest corporations. Many traders and investors use the S&P 500 Index as a benchmark for the current state of the overall US economy. The SPDR S&P 500 ETF Trust (SPY) is an exchange traded fund (ETF) created to track the performance of the S&P 500 Index.
September 23, 2022
Locating penny stocks with buy ratings is getting more and more challenging. The markets become less adventurous as interest rates rise. That indicates that penny stocks, which are riskier by definition, are seeing a decline in valuation in the current market. A few months ago, well-performing penny stocks with buy ratings were abruptly demoted to a hold rating or worse.
September 20, 2022
We usually start our review with the main cryptocurrency, bitcoin. But this time, let's deviate from the rules and give the palm to the main altcoin, Ethereum. This is due to an event that may become the most important for the crypto industry in 2022. On September 15, the ETH network hosted the global update The Merge, which involves the transition of the altcoin from the Proof-of-Work protocol to Proof-of-Stake (PoS).
September 19, 2022
The forex market closes on Fridays at 5 pm and opens on Sundays at 5 pm New York City local time. When the market is open, traders from all around the world can trade forex through forex trading brokers and execute trades in the forex market 24 hours a day, 5 days a week. The forex market is closed on the weekend and cannot be traded.
September 17, 2022
The probability of the Fed raising interest rates quickly this year to combat inflation increased. The likelihood of the Fed raising rates by 75 basis points the next week is highly anticipated...
September 15, 2022
Stock markets cater to a wide range of investing styles. Both traders and long-term investors have access to various types of stocks, based on their investing horizon or risk appetite. So, what are the different types of stocks available? And how can investors best discern them when investing or trading?
September 13, 2022
We must say that both events did not come as a surprise to the market and, on the whole, were in line with the forecasts that we voiced in the previous review. The pair's rebound to the upside following the ECB's decision was not surprising either. Having risen by about 250 points, it peaked at 1.0113 on September 9. This was followed by a correction to the north, and the pair finished at 1.0045.
September 12, 2022
There is a long list of new tokens with names in poor taste such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth. Crypto degens have wasted...
September 9, 2022
London Mayor Sadiq Khan says that millions of Britons won’t be able to afford heating or basic food this winter if things remain as they are now. The present state of affairs has no precedents in the past. Price inflation in the UK appears to be over 10% for the first time since 1982. Household utility bills, not to mention industrial spending, are expected to rise steadily over the next two years.
September 9, 2022
Cryptocurrency, being a relatively new asset, has many people interested, but it can also be used for just pure speculation. Digitizing ownership of gold is an area of interest that has been popular in the last few years. This article will look at some of the best gold-backed cryptocurrencies and the ins and outs of this exciting new asset.
September 8, 2022
We titled our review of the GBP/USD pair "Gloomy Forecasts for the Pound Continue to Come True" two weeks ago. The past headline sounded like "Very Terrible Long-Term Outlook" We can not say anything cheerful this week either: the pound is still one of the weakest G10 currencies, which is affected by the worsening prospects for the UK economy.
September 5, 2022
One report suggested the NFT market could reach a $230 billion valuation by 2030 - more than 20 times greater than its value in 2021. There is no denying that nonfungible tokens (NFTs) have taken a hit in recent months. Market conditions have plunged, scams and hacks are frequent, and there is an increasing number of low-quality projects.
September 1, 2022
Ethereum remains more interesting for buyers, increasing 1.6% overnight to above $1600. Top altcoins showed mixed dynamics: from a decline of 1.3% (Dogecoin) to a rise of 2.2% (Cardano). Total crypto market capitalisation, according to CoinMarketCap, rose 0.2% overnight to $997bn. The Cryptocurrency Fear & Greed Index fell 4 points to 23.
August 31, 2022
The situation in the Eurozone is even worse, and macroeconomic conditions still do not bode well. According to forecasts, due to the energy crisis caused by sanctions, Europe, and especially Germany, will face a very difficult winter. The key event of the past week was the annual economic symposium in Jackson Hole on August 25-27, which brought together almost the entire US financial elite.
August 29, 2022
Bitcoin is down 7.3% over the past week, falling below $20,000 at the start of the day on Monday. Ethereum lost 9.2% to $1450, while top altcoins fell from 5% (Cardano) to 15.7% (Solana). Total crypto market capitalisation, according to CoinMarketCap, is down 6.6% for the week, to $952bn. The total capitalisation graph suggests that the bear market is not yet over.
August 28, 2022
We would like to inform you that due to Tesla’s stock split, all open positions in TSLA.US instruments will be automatically closed and pending orders will be deleted. This means that the opening price of the instrument will be changed according to the stock split ratio, namely 3:1 (TSLA.US).
August 26, 2022
Bitcoin has added 2% in the past 24 hours to $21,400. Ethereum added 4.6% to $1640, while top altcoins added between 0.9% (Dogecoin) and 4.4% (Polkadot). Total cryptocurrency market capitalization, according to CoinMarketCap, rose 2.2% to $1.03 trillion overnight. The Cryptocurrency Fear and Greed Index fell 3 points to 25 by Wednesday.
August 24, 2022
EUR/USD has been moving sideways in the 1.0100-1.0270 channel for more than three weeks. All attempts to break through its upper or lower border ended in failure. This movement continued until August 10, when, after the publication of data on inflation in the US, the pair went up sharply, turning the level of 1.0270 from resistance into support.
August 22, 2022
In times unmatched since the 1970s, Europe finds itself in the grip of the biggest energy crisis in recent memory. Since early last year, global oil prices have doubled, coal prices have nearly quadrupled, and European natural gas prices have increased almost seven-fold. This is inevitably prompting both businesses and consumers to tighten their belts.
August 19, 2022
Traders and investors are worried about a global recession after analysing the clues in the markets. The first 6 months of 2022 have been challenging, to say the least. The uncertainty surrounding the global economy has manifested its effects in every sector of the financial markets and in our everyday lives.
August 17, 2022
Equity traders continue to shrug off persisting recession worries, choosing to bet instead that a severe downturn will be avoided, at least when it comes to earnings, according to XM Research. Walmart and Home Depot were the latest to report their quarterly results on Tuesday, kicking off the earnings for the big retailers.
August 17, 2022
EUR/USD has been moving sideways in the 1.0100-1.0270 channel for more than three weeks. Attempts to break through its upper or lower border ended in failure each time. Even very strong data on the US labor market, which came out in the first week of August, did not help the dollar. Recall that unemployment in the US has remained at 3.6% since March, which is a very good indicator.
August 15, 2022
Gold has been an essential barometer in terms of global economic and political sentiment throughout history. The precious metal has held an eternally impressive grip on the human psyche, from the Queen of Sheba’s gift of gold to King Solomon, to the Californian gold rush.
August 12, 2022
Gold’s price was on the rise since our last report yet seems to remain rather lazy given the relative inactivity of the greenback in the past few days. The negative corelation of the two trading instruments came once again on display on Friday as the precious metal’s price dropped in response to USD’s strengthening.
August 10, 2022
The US dollar faces trial by fire today with the release of the latest CPI report, which will reveal whether inflationary forces have finally started to lose their punch. That is the consensus among economists, who collectively expect the yearly CPI rate to decline to 8.7% in July from 9.1% previously, hopefully marking the long-awaited "peak" in inflation.
August 10, 2022
The Titans of Global Business: Largest and Most Valuable Companies in the World for 2024
As we step into 2024, the landscape of global business is dominated by colossal corporations that not only drive economic growth but also shape societal trends and technological innovation. These behemoths, sprawling across various sectors like technology, energy, and healthcare, have significant influence on global markets and investment landscapes.
Crypto Market Could be on the Verge of Another "Winter": Investment Worthy Cryptocurrencies in 2023
The crypto industry hasn’t lived through such a crisis since 2018 when the first post-halving rally ended with capitulation and the eventual fall of Bitcoin (BTC) to $3,000. That infamous period was dubbed the Crypto Winter, and it seems that the chilling wind is blowing again. Unfortunately, Bitcoin has been failing its mission to serve as the global reserve currency, the digital gold as many labeled it.