Dollar Touches 20-Year High As Monetary Policies May Control Rising Inflation

Dollar

Concerns that stronger monetary policies to combat rising inflation would harm the global economy lowered risk aversion and pushed traders into the safe-haven currency, driving the dollar to new two-decade highs. Consumer price rise in the United States has slowed dramatically, indicating that inflation has likely peaked. The dollar benefited as the data reaffirmed predictions […]

Ford Motor Offloads 8 Million Shares Of An EV Maker For $214 Million

Ford Motor Offloads 8 Million Shares Of An EV Maker For $214 Million

Ford Motor (F) paid $214 million for eight million shares of Rivian (RIVN), a U.S. electric vehicle manufacturer. Rivian’s stock is dropped nearly 85% from its all-time highs. Rivian’s stock dropped more than 20% over the weekend after Ford announced plans to sell a minor piece of its interest. The deal cuts Ford’s position in […]

Malaysia Announces To Reduce Global Palm Oil Supply By Half Due To Global Supply Crisis

Malaysia announces to reduce global palm oil supply by half due to global supply crisis

Malaysia’s commodities ministry has proposed halving a palm oil export tax to help alleviate a worldwide edible oil shortfall and increase its market share as the world’s second-largest palm oil exporter. The Ministry of Plantation Industries and Commodities has recommended the cut to the Finance Ministry, which has formed a committee to investigate the facts. […]

What is Crypto Wallet? Find Your Best Crypto Wallet Here

What is Crypto Wallet Find Your Best Crypto Wallet Here

A cryptocurrency wallet is a type of e-wallet or software program that lets you manage your cryptocurrencies. The crypto does not have a physical representation. It can only be stored in coin wallets technically. This type of software is easy to use, dependable, secure, as well as speedy. Following is a curated list of Top […]

Russian Rouble Touches The mark Of 66, Highest Since March 2020

Russian rouble touches the mark of 66, highest since March 2020

On Thursday, the Russian rouble rose to its highest level against the US dollar since March 2020, aided by capital controls, while equity markets rose as investors awaited news on possibly additional penalties against Moscow. Early trading on the Moscow Exchange saw the volatile currency touch a high of 65.31 per dollar, but it later […]

Rouble Hits The Two-Year High Against Dollar As New Sanctions Are Imposed

Rouble Hits The Two-Year High Against Dollar

The Russian rouble surged to a two-year high versus the dollar and the euro on Wednesday, sustaining support for tight capital controls as the European Union announced a new set of penalties against Russia over the Ukraine crisis. In an effort to further isolate Moscow, European Commission President recommended a phased oil crisis on Russia, […]

Gold declines to 30-month low, dollar near 20-year high

Gold declines to 30-month low, dollar near 20-year high

During the previous session, gold fell to its lowest level since mid-February 2022 in Asia on Tuesday morning. The chances of a rate hike by the US Federal Reserve, as well as a dollar approaching 20-year highs, dampened the appeal of the yellow metal. The price of gold futures fell 0.14 percent. Higher interest rates […]

Dollar soars over fresh economic data, touches near 20-year high

Dollar

The dollar rose in early European trade on Monday, riding another surge of risk aversion as new economic data showed China’s economy is slowing sharply. The dollar index increased by 0.4%. On the one hand, the current phase of the rally reflects expectations of a half-point increase in US official interest rates. The Federal Reserve’s […]

How to Trade Indices? Complete overview with Pros and Cons

An Overview to Trade Indices

To trade indices, you can gain exposure to an entire industry or economy with only one trade. The FTSE Group, Deutsche Börse, and Standard & Poor’s are examples of well-known indexes.  They are essentially baskets of distinct but related equities usually ranked by independent institutions. Although most traders are familiar with the names and abbreviations […]

Gold Jumps As Investors Are Driven By US GDP Data

gold

In Asia on Friday morning, gold was higher as investors flocked to the safe-haven asset after troubling U.S. GDP figures. The yellow metal, on the other hand, is about to experience its greatest monthly loss. The Federal Reserve of the United States is largely expected to raise interest rates substantially when it announces its policy […]