Bitcoin surged by more than 3% to reach over $26,600, recovering from losses incurred in the previous week's drop. Ether also rose by 3.5%, approaching the $1,700 level. Solana's SOL token jumped by almost 7% after integration with Shopify's Solana Pay, enabling USDC stablecoin payments.
Tag - usd
The UAE, Saudi Arabia, Iran, Argentina, Egypt, and Ethiopia are officially invited to the BRICS. What will be the market reaction?
Be aware this day is filled with PMI releases, so the market may act quite unpredictably. Still, there’s something you should know:
Gold prices have experienced four consecutive weeks of decline, with a 3.6% drop in the current month, marking the worst performance since February. Despite this decline, retail traders are showing increased bullish sentiment toward gold. This suggests that some investors see the lower prices as an attractive buying opportunity.
Emerging market countries, including the BRICS bloc, are expressing frustration with the US dollar's dominance in the global financial system. While there have been discussions about creating alternative currencies to challenge the dollar's dominance, no concrete proposals have emerged. Instead, these countries are considering expanding trade using their own currencies to reduce reliance on the dollar.
The market is waiting for Jackson Hole Symposium and Jay Powell's speech. Meanwhile, the BRICS countries summit was opened in South Africa. The volatility in EURUSD may be extremely high this week. What to expect?
Jackson Hole, ten PMI releases, and the BRICS summit. This week will be full of market movements, and we will be there to trade them. Get ready, and let’s roll!
Happy Friday, dear traders! The volatility returned to the markets as traders lost confidence in risky assets. Let's check the news driving today's markets!
Hi, and welcome to the daily newsletter by FBS. The market is active, and we have plenty to share with you!
The market is pricing that the Fed will leave the rate at the same level. Meanwhile the major players think that the Fed will start with the monetary easing in the second quarter 2024.
Despite notable fluctuations, the USD is close to its position at the beginning of 2023. HSBC economists are examining the US Dollar's future prospects based on its performance so far. Recent data indicates that a soft landing is the most probable outcome for the US and the global economy.
Hello, and welcome to the daily news release! Will the downtrend in gold change this week? What about oil? How long will it skyrocket? We have a lot to share with you.