Introduction The Junes CPI report saw the inflation rate hitting 40 years high, a major concern to the forex brokers and investors. A sign of relief came into the market when the inflation data came out softer than expected when July’s CPI data was released. Market analysts believe that the Federal Reserves are still struggling […]
Introduction The market started on a slower note for the dollar index on the Indian forex platform as Pelosi plans to arrive in Taiwan against the Chinese threat to the people of Taiwan. However, the dollar has lost some steam having reached the high of 80.00 during last month’s trading activities entering into the new […]
Introduction The FBI (Federal Bureau of Investigation) recently raised an alarm about another scamming method mimics an investment strategy called liquidity mining. Crypto investors, Indian trading brokers, and American citizens are warned about ways scammers exploit owners of their digital assets. They explained that liquidity mining in a legitimate form is to give investors some […]
Introduction The Eurozone is currently feeling the economic impact of the Russia/Ukraine war as the EURO and Greenback go into parity as revealed on forex platforms, a first since twenty years ago, and there is a likelihood that the price may dip below the $1.00 mark again before Q4. Such a notable event draws the […]
Introduction For the first time in twenty years, the forex brokers are seeing the US dollar going into parity with the Euro currency as the value of the pair broke out below the psychological zone of 2016 this July and there is the possibility that the price may dip lower into the 2002 level of […]
Introduction The outcome of the FOMC meeting will influence the pair on the India forex platforms as traders and investors will want to be in the right direction when the outcome of the meeting is released. The analyst expects the interest rate to be increased as the Fed plans to reach 75bps in 2022. India’s […]
Introduction The St.Louis Fed Chief James Bullard believes that the inflation level is still high and that the FOMC could raise the interest rate to 3.5% by the 4th quarter of 2022 to control the hot inflation level. Indian brokers and other investors will be following the development and its effects on cryptos as the […]
Introduction Forex brokers, investors, and retail traders have seen how the Greenback has attracted more funds into their economy by increasing the interest rate over some time. The US dollar has been able to recover the distance it lost to the Euro since the covid-19 crisis which saw the euro hit the 1.23110 mark. As […]
Introduction The recent dip in the crypto market has made the Indian brokers observe the reaction of price and what is likely to happen in the crypto industry as the market cap dropped below $1 trillion by 2021. The close price below the psychological zone of 25500 has increased the bearish momentum in the market. […]
Introduction Long term traders’ sentiment favors the upside momentum on the forex platform as the USDINR continues to print higher peaks and valleys on the weekly time frame, since 07 June last year. Last week’s bearish closing hidden inside bar suggested an accumulation of sell order, however, the bulls have shown that it’s not sufficient […]