Gold Falls As The Dollar Maintains Firm In The Face Of New Restrictions
Gold prices dipped on Tuesday as the dollar rose on predictions of more sanctions against Russia and possibly more vigorous interest rate hikes by the US Federal Reserve to battle inflationary pressures. Spot gold was down 0.2 percent at $1,840 per ounce. Gold futures in the United States were trading at $1,942.50, up 0.1 percent. […]
OpenSea Releases A Web3.0 Marketplace Protocol For Secure NFT Trading
NFT market, the development of a Web3 marketplace protocol for safely and efficiently purchasing and selling NFTs, has been announced by OpenSea. OpenSea announced in a Friday blog post that the Seaport marketplace protocol would allow users to get NFTs by supplying assets other than payment tokens like Ether (ETH). In exchange for an NFT, […]
What Is Copy Trading?
What is copy trading is a question that confuses many traders and investors of the financial markets? To get the facts and techniques for executing a smooth trade, traders need to be aware of the terminology of copy trading. Copy trading is a trading style where traders follow other individual or professional traders of the […]
Litecoin Jumps 12% Following Bullish Trade
The increase increased Litecoin’s market capitalization to 0.39 percent of the total cryptocurrency market capitalization. The value of Litecoin has increased by 9.19 percent. In the twenty-four hours leading up to the time of writing, the volume of Litecoin traded was 0.95 percent of the total volume of all cryptocurrencies. Litecoin has lost 82.70 percent […]
Russian Rouble Starts Recovering As Tax Payments Loom
The Russian rouble gained against the dollar on Thursday, boosted by capital controls and impending tax payments, which normally necessitate further currency conversion to roubles to meet local obligations. Despite a full-fledged economic catastrophe, the rouble has become the greatest currency this year, aided by measures implemented by Russia in late February to protect its […]
Dollar Soars As War Crisis Intensifies
As fears of a Russian invasion of Ukraine mounted, the dollar rose, while the euro fell, increasing demand for safe-haven currencies. The US Dollar Index, which measures the dollar’s value against a basket of other currencies, was up 0.41 percent at 96.580. Oil prices plummeted on Thursday following news that the US was considering unleashing […]
Lira topples as Turkish Lenders Reduce the Dollar Sales
Turkey’s Lira fell for the ninth day, hitting a new low for the year as state lenders cut back on dollar sales to keep the currency afloat. Over the last two days, state-owned banks sold more than $1 billion to strengthen the currency, although the pace of operations has slowed. The Lira dropped by as […]
Gold Drops, Gaining More Than A Three-Month Low
On Monday morning in Asia, gold was down, having risen from a nearly three-month low set the previous day. Lower Treasury yields in the United States kept gold demand above $1,800. Futures for gold fell 0.07 percent. The yellow metal declined more than 1% this week, marking its fourth straight weekly loss. The update of […]
Best Books on Options Trading
Options trading is a complex trading style where traders go for the best books on options trading to enjoy maximum profits. It is a strategic investment to develop a portfolio and is a derivative product. Traders and investors can speculate or hedge against the underlying asset’s market volatility. Traders go for such types of investments […]
Gold Declines Over The Strong Dollar Due To Fed Policies
Gold was down in Asia on Friday morning, trading near a three-month low as the dollar strengthened over concerns about the Federal Reserve’s tightening plans. Futures for gold were down 0.02 percent. The dollar, which usually moves in the opposite direction of gold, fell somewhat. The value of the dollar reached a 20-year high. Investors […]
