Another scorching hot inflation reading from the US unleashed havoc yesterday, sending traders scrambling to recalibrate the trajectory for interest rates. Most concerning is that price pressures are broadening out beyond the usual suspects of food and energy, creating a bigger headache for Fed officials trying to slay the inflation beast.
July 14, 2022
US and European futures are still digesting the message from the US NFP data released on Friday. There is no doubt that market players have been apprehensive about recession and stagflation, but the US jobs numbers have told us that this recession is not like other recessions as the job market is strong.
July 13, 2022
Aggressive monetary tightening, unmanageable prices, and a massive purchasing power decline are key "pains" of the US, UK, EU, and the rest of the developed world. And here are the interest rates rising from 2013 to 2022. Here’s also projected growth through the whole of 2024. In 2023, the recession risk will increase substantially for the major economies.
July 13, 2022
Bitcoin was down 5% on Tuesday, ending it at around $19,400 and remaining near that level by the start of European trading. Ethereum has lost 3.3% in the last 24 hours to $1055. Altcoins from the top 10 fell from 1% (BNB) to 4.2% (Cardano). Total cryptocurrency market capitalisation.
July 13, 2022
The price action in euro/dollar has captivated the entire financial system this week as the bulls and bears battle it out for control of the parity level. It has been a stalemate so far, although that might change once the latest US inflation report is released and provides ammunition to one camp.
July 13, 2022
The UK and the Eurozone continue to suffer from inflation amid soaring food prices and an energy crisis. Based on the consumer price index (CPI), inflation in the 19 countries that use the Euro hit a new record of 8.1% in May, up from 7.4% in April. In the UK, inflation hit a fresh 40-year high of 9.1% in May.
July 12, 2022
We have repeatedly written about the dollar's desire to achieve parity with the euro 1:1. But we did not expect that this could happen so quickly: the EUR/USD pair found a local bottom at the level of 1.0071 on Friday, July 08. Only 71 points remained until 1.0000. The last time it was so low was in December 2002.
July 11, 2022
The high volatility of Bitcoin and global bear sentiment in the digital asset sector might cause many crypto investors to exit the market. Previous bearish cycles have seen an 80% reduction in trading liquidity, according to Cointelegraph. The speculators who are the most impatient were the first to leave.
July 10, 2022
Under cover of ALL IS LOST, somebody might increase the assets. According to Glassnode, the current crypto market price decline is called historically unprecedented, and the current bear cycle is playing out as the worst one in history. There is a reason for this panic, hardly driven by major media like the Financial Times and Bloomberg.
July 9, 2022
Not much has changed in the past month as the precious metal is stuck in limbo, confined by equally strong support and resistance forces. Gold has been caught in a balancing act influenced by various complexly intricate and interconnected relationships, playing a game of tug of war. In this report we are going to shed light on those relationships.
July 8, 2022
Bitcoin is up around 1% in 24 hours to $20,400. Ethereum added 3.2%, while other top 10 altcoins gained between 0.7% (Dogecoin) and 2.8% (XRP). Buyers have braced themselves on the back of positive stock indexes despite the strengthening Dollar. Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 1% overnight to $916 billion.
July 7, 2022
As expected, the second quarter of 2022 was quite the roller coaster for the entire cryptocurrency industry. Not only the most popular digital currencies, such as bitcoin and Ethereum, have taken a major hit, but also some altcoins, which suffered even more significant losses in some cases.
July 6, 2022
While the Bitcoin blockchain is public, knowing who owns the most Bitcoin in 2022 isn’t as simple as it should be. Here’s what we know. One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there.
July 5, 2022
The battle for $20,000 continued throughout the second half of June. The BTC/USD pair fell to $17,940, then rose to $21,940. It should be noted that $20,000 is historically the most important level for the main cryptocurrency. Suffice it to recall the catastrophic crash of December 2017, when bitcoin approached this mark, reaching a height of $19,270.
July 4, 2022
Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near 19,000 on Monday morning. Ethereum has lost 13.3% in the last seven days, while other top altcoins in the top 10 have fallen from 8.6% (BNB) to 18% (Solana). According to CoinMarketCap, the total capitalisation of the crypto market fell 9% over the week to $865bn.
July 3, 2022
Over the past month, some major stablecoins completely lost their peg with the U.S. Dollar, raising concerns amongst investors about their safety. Stablecoins are designed to always remain tied one-to-one to the U.S. Dollar, marketing them as relatively safe assets in an otherwise highly volatile cryptocurrency market.
July 1, 2022
Bitcoin was down 3.1% on Tuesday, ending the day around $20.3K, where it is consolidating on Wednesday morning. Ethereum has lost 3.1% in the past 24 hours, leading other altcoins down 1.9% (Cardano) to 6.9% (Shiba Inu). Total cryptocurrency market capitalisation, according to CoinMarketCap, fell 2% overnight to $911bn.
June 29, 2022
The global financial derivatives broker, MultiBank Group, aims to become a game-changer in the crypto industry through its digital asset exchange platform. MultiBank Group built MultiBank io with the intention of being a pioneer in finance, disrupting the traditional financial services industry.
June 28, 2022
In April of this year, the Board of Directors of Shopify Inc. approved a 1:10 share split. In June, this decision was supported by 99% of shareholders. This makes the shares of the popular Canadian Internet company developing software for online and retail stores even more affordable. One Shopify share becomes 10 times cheaper!
June 27, 2022
During the previous week the Gold market performed its most quiet session for a considerable time looking back, not allowing for any fireworks to prevail. Despite the price action being rather muted, a number of important fundamental and economic developments have emerged recently possibly adding some spice to the scene.
June 26, 2022
U.S. stocks endured their worst day of the year on Thursday as markets digested the latest monetary policy moves from the Fed to tackle soaring inflation. The Dow Jones tumbled over 1000 points, or 3.1%. Meanwhile, the S&P 500 and Nasdaq Composite lost 3.5% and 4.9%, respectively.
June 24, 2022
The horrors of 2018 and 2017 are back in the crypto market, and crypto traders are not only highly nervous about it, but many are also losing faith in cryptos as the current sell-off intensifies. Over the weekend, the Bitcoin price took a further beating and violated the critical support level of 20K, and the price dipped below the 19K for a brief moment.
June 24, 2022
Launched in 2005 in California, United States, MultiBank Group is one of the world’s largest financial derivatives providers, with a paid-up capital of over $322 million. It is important to know that MultiBank Group is not new to achieving greatness. As a result, MultiBank Group has recently launched a crypto exchange platform named MultiBank io.
June 24, 2022
With technology constantly evolving more and more trading platforms have entered the financial markets. Personal Multi Account Manager (PMAM) is one of them. So, what exactly is PMAM? This flexible and advanced platform is suitable for professional traders and investment portfolio managers who want to manage multiple accounts, online orders and positions with one click.
June 23, 2022
The U.S. dollar index (DXY) is on the rise again, recovering from its end of last week’s losses. Buyers are clearly determined to push the index back above the 105.00 mark, and they have sufficient fundamental ground for this. This week traders turned their sights on the Federal Reserve Chairman Jerome Powell’s testimony before Congress.
June 23, 2022
Gold returned into its sideways and muted price action in the most recent sessions, covering up the very important economic updates that took place mostly during the past week. In this report we will identify the developments that uplifted volatility in the Gold market, as we attempt to understand what drives Gold’s price moving forward.
June 23, 2022
Since cryptocurrencies exist over a decentralized network of computers, have no physical form, and are not tied to a specific commodity, some people find it hard to understand the concept behind these digital assets. As a result, they have become skeptical about investing in cryptocurrencies.
June 22, 2022
Bitcoin has rebounded 5% in the past 24 hours, trading at $20,800. Ethereum has recovered 6.4% to $1130 in the same time frame. Leading altcoins in the top 10 are adding from a modest 3.5% (XRP) to an impressive 15% (Solana). Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 5% to $914bn.
June 21, 2022
The United States' SEC started investigating Binance. The SEC is looking into whether the crypto exchange violated securities laws with its Binance Coin (BNB) initial coin offering (ICO) in 2017. According to reports, the SEC is evaluating whether the BNB ICO should have undergone registration processes.
June 19, 2022
Not only is the number of nonfungible token (NFT) collections growing at a phenomenal rate, but so are the NFT marketplaces. Previously, NFT marketplaces were mainly decentralized applications (dApps) on various blockchains, but nowadays, crypto exchanges are also seeing the benefits of having their own NFT marketplace.
June 16, 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.