November 24, 2022
  • November 24, 2022

Preparing for the Fed hike

by on November 22, 2022 0

Since trading began this week, the price of the USD/JPY currency pair has been in an upward retracement mode, breaking above the psychological resistance at 140.00. As mentioned earlier, it is important that the bulls start to move higher, and indeed they moved towards the resistance level 142.25, before settling around 141.85 at the...

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Gold Ends Week Below $1,750 – Quick Weekly Outlook

by on November 19, 2022 0

Gold prices rose on Friday as the dollar fell, but were still on course for their first weekly decline in three weeks, pushed lower by hints from US central bankers that further rate hikes of interest are ongoing. According to Jigar Trivedi, an analyst at Mumbai-based Reliance Securities, gold could remain volatile until the...

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RBI closely monitors inflation trends, effect of its past actions: Central bank bulletin

by on November 19, 2022 0

The Reserve Bank of India (RBI) is closely monitoring inflation trends as well as the effect of its past actions, according to the November 2022 central bank bulletin. It added that the central bank assesses weak indicators like consumer and business surveys. ; macroeconomic, financial and global commodity market developments; and financial stability. “Domestic...

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Feds Waller: Still a long way to go on rates

by on November 16, 2022 0

Fed’s Waller is on the wires saying: Recent data has made me more comfortable with ideas of a 50 basis point hike in December and possibly smaller corporate increases thereafter. Will monitor data by December before deciding next policy step We still have a long way to gos Should increase until 2023 Monetary policy...

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UK Inflation Hits 11% – Forex Action

by on November 16, 2022 0

US stocks extended their rally yesterday as the unexpected easing in producer prices bolstered optimism that the Federal Reserve (Fed) would ease monetary tightening and the better-than-expected New York Empire State Manufacturing Index rose. hinted that the US economy is holding up well. The news that Russian missiles fell on Poland kind of killed...

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Charlie Munger compares Bitcoin to child trafficking, likes central banks

by on November 15, 2022 0

Berkshire Hathaway’s VP remains firmly skeptical of crypto in the wake of FTX’s collapse. Having previously called Bitcoin “the rat poison” and “venereal diseaseCharlie Munger now likens the most valuable cryptocurrency to child trafficking. “There are people who think they have to be in on every business that’s in vogue,” he said. CNBC Tuesday,...

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Three out of four bitcoin investors lost money: study

by on November 14, 2022 0

“Overall, bottom-of-the-envelope calculations suggest that around three-quarters of users lost money on their bitcoin investments,” they said in their study. During the period studied, the price of bitcoin rose from $250 in August 2015 to peak at nearly $69,000 in November 2021. It is now trading around $16,500. The number of people using smartphone...

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Week Ahead – Moment of Truth

by on November 12, 2022 0

WE After a series of soft inflation data sparked a relief rally to buy everything, Wall Street will focus on the Fed speech and a plethora of data points that could show the economy remains resilient. Key economic readings include manufacturing activity, retail sales and housing data. There will be no shortage of Fed...

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Exchange rates in Pakistan – Dollar, Euro, British Pound and Riyal rates on November 12, 2022

by on November 12, 2022 0

Today’s exchange rates in Pakistan on November 12, 2022, current dollar rate in Pakistan, latest exchange rates for British Pound, Euro, Saudi Riyal, UAE Dirham, Canadian Dollar , Australian dollar to Pakistani rupees. All rates updated based on free market exchange rates. Today’s exchange rates in Pakistan according to international currencies as of November...

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Former Ukrainian governor accuses authorities of abuse of power

by on November 11, 2022 0

Former Central Bank of Ukraine Governor Kyrylo Shevchenko has accused two of the country’s anti-corruption agencies of preventing his lawyers from adequately representing him in court. A court in Kyiv issued a warrant to place Shevchenko in protective custody after a November 9 hearing. The Office of the Special Anti-Corruption Prosecutor of Ukraine, SAPrequested...

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As Elon Musk’s favorite cryptocurrency Dogecoin surges to 39%, will crypto enthusiasts turn to the Big Eyes coin for safety?

by on November 11, 2022 0

Buy and sell bitcoins with ease Start your crypto wallet today! Elon Musk has been at the forefront of cryptocurrency news since pledging his support for the pioneer meme coin, Dogecoin (DOGE). Dogecoin represented a unique buying opportunity for crypto traders, becoming the first cryptocurrency to use lightweight memes to gain popularity. However, meme...

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Bank of Korea discovers performance issues with CBDC blockchain technology – Ledger Insights

by on November 7, 2022 0

The Bank of Korea completed the second phase of its retail central bank digital currency (CBDC) simulations in late June and today shared the results. While happy with some aspects of its digital earnings simulations, such as using CBDC for offline payments and cross-border remittances, the central bank pointed to performance issues with blockchain...

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Thirty-year-old cryptocurrency businessman Haydn Snape is the latest backer of the Birmingham City takeover

by on November 6, 2022 0

Dubai-based cryptocurrency businessman Haydn Snape is the latest backer to join Paul Richardson’s bid to take over Birmingham City, with his injection hoped to ‘speed up’ the takeover control Haydn Snape has become the latest backer of the Birmingham City takeover The 30-year-old crypto businessman will partner with Paul Richardson A bid with Richardson,...

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USD/JPY Forex Technical Analysis – Strong US Nonfarm Payrolls Growth Could Drive Prices Higher

by on November 4, 2022 0

The dollar/yen trades earlier on Friday as the greenback takes a breather after a strong two-day rise. The move helps ease pressure from the US Federal Reserve’s hawkish policy rhetoric. Traders may also line up ahead of today’s US Nonfarm Payrolls report. There is also speculation that China may ease anti-COVID restrictions, which have...

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WTI Crude Oil Forecast:

by on October 31, 2022 0

The West Texas Intermediate Crude Oil market did very little in Friday’s trading session as we saw a bit of non-volatile trading for a few straight days. It’s interesting to see it here, as it looks like we’re at the top of the near-term consolidation range. After all, the market may see some selling...

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PBOC is working with Hong Kong Monetary Authority and other central banks on electronic currencies, governor says

by on October 31, 2022 0

(Yicai Global) Oct. 31 — The People’s Bank of China is cooperating with the Hong Kong Monetary Authority and other financial regulators on the development of central bank digital currencies and is willing to strengthen collaboration in the future, said the governor of China’s central bank. said at an event today. Through such partnerships,...

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S&P 500 bulls are finally in action

by on October 27, 2022 0

The S&P 500 over the D1 period was in a long downtrend that started in late August. A final lower bottom formed on October 13 at 3492.4. A closer look at the Momentum Oscillator reveals a positive divergence between points “a” and “b” when comparing the lows at 3581.7 and 3492.4. This could have...

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The best secured credit cards with a high limit

by on October 25, 2022 0

A secured credit card – which uses a deposit as collateral for a credit line – can help you improve your credit score, whether you’re rebuilding your credit or starting your credit history from scratch. You should know that these credit cards are known to have lower credit limits which means you need to...

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Cryptocurrency exchange BitCetus has fully opened up its custom trading business and received strong support from 29 countries

by on October 22, 2022 0

BitCetus, a new digital asset exchange, received a US$950 million investment from BAIF Group on October 20. BitCetus Club has always operated in VIP mode and has customized digital asset investment strategies for high-end clients. The objective of holding this funding is to create a diversified digital asset trading platform, open for registration and...

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Is the Fed about to slow the pace of tightening?

by on October 22, 2022 0

On Friday morning, the US dollar and yields were soaring. The US dollar index was approaching 114.00 again and US 10-year yields were screaming at 4.335%, their highest level since June 2008! The markets seemed to have gotten a bit ahead of themselves in terms of interest rate expectations. Enter Nick Timiraos. Nick’s articles...

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Top 5 things to watch in the markets in the coming week

by on October 16, 2022 0

By Noreen Burke Investing.com — The U.S. earnings season is kicking off amid fears that the Federal Reserve’s aggressive rate hike campaign could tip the economy into a recession. Investors will get an update on the US housing market where rising borrowing costs have already caused demand to cool. Appearances by several Fed officials...

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Why are countries reluctant to officially adopt cryptocurrencies? » ABC of science

by on October 15, 2022 0

Developed countries are skeptical about adopting cryptocurrency because they are unstable and controlled by private authorities. It also poses a challenge to the policy-making role of central banks in controlling the flow of currency into the economy. Cryptocurrencies like Bitcoin, Dogecoin, and Ethereum have taken the economy by storm, but central banks around the...

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NASDAQ 100 Forecast: A Crazy Day

by on October 14, 2022 0

What makes this setup even more dangerous is the fact that it is now winning the season, which kicks off in earnest next week. The NASDAQ 100 declined to kick off the trading session, only to turn around and show signs of massive volatility. In fact, we ended up forming a huge “outer day”,...

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Marketmind: Absolutely, absolutely! By Reuters

by on October 13, 2022 0

© Reuters. FILE PHOTO: A London bus drives past the Bank of England in London, Britain October 10, 2022. REUTERS/Hannah McKay A preview of the day ahead in the European and global markets of Ankur Banerjee All parties in the UK gilt markets are holding firm. Prime Minister Liz Truss is “absolutely” committed to...

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Central Bank of Namibia Plans to Introduce CBDC

by on October 12, 2022 0

Bank of Namibia Governor Johannes!Gawaxab said the central bank‘s strategic focus and rapid digitalization of the financial system prompted it to think critically about a possible Namibian dollar CBDC in the landscape of digital payments of the future. !Gawaxab was speaking at a thought leadership event in the capital Windhoek under the theme ”Central...

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Support and resistance trading -EUR/USD, GBP/USD

by on October 9, 2022 0

This week, I predicted that the EUR/NOK currency pair should increase in value. Advertising The current volatility provides excellent stock trading opportunities – don’t miss them! This week I’ll start with my monthly and weekly Forex predictions of the currency pairs to watch. The first part of my forecast is based on my research...

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How Norway’s central bank is testing its own digital currency

by on October 4, 2022 0

A cashless society may not seem so far in the distant future. But current digital alternatives such as cryptocurrencies have proven volatile, while other blockchain assets, non-fungible tokens (NFTs), have fallen out of favor since their hype. A different approach to blockchain payments is gaining traction around the world. Central Bank Digital Currencies (CBDC)...

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Flasko (FLSK) will be the fastest growing cryptocurrency in 2023, overtaking TRON (TRX) and DASH (DASH)

by on October 3, 2022 0

TRON (TRX) and Dash (DASH) are two of the major cryptocurrencies that have been hit hard by the 2022 bear market. These well-known cryptocurrencies have suffered significant losses since the start of the year, leaving buyers with heavy losses. But new cryptos with solid fundamentals, clear governance/tokenomics, and distinct use cases in profitable market...

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Adam Cox of GuaranteedBusinessFunding.org helps Southwest Stone secure $500,000 in ERTC funding with help from Paychex

by on September 30, 2022 0

GuaranteedBusinessFunding.org Helps Secure $500,000 ERTC Funding for Southwest Stone in Tulsa We are better than banks when it comes to business financing on GuaranteedBusinessFunding.org, our guarantee is in our name” —Adam Cox OKLAHOMA CITY, OKLAHOMA, USA, September 30, 2022 /EINPresswire.com/ — Adam Cox with popular business finance website www.guaranteedbusinessfunding.org helped Southwest Stone, a Tulsa-based...

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BTC/USD forecast: keep doing nothing

by on September 30, 2022 0

The market would almost certainly expect buyers to be in this area, and I think at that point you might start to see some kind of “accumulation phase”. BTC/USD did very little in Thursday’s trading session as we continue to see a lot of noisy behavior. For this reason, it is very likely that...

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Millennial Investors Are Increasingly Uncomfortable With Cryptocurrency

by on September 29, 2022 0

The popularity of cryptocurrency with American investors is on the decline. In 2022, only about 21% of Americans feel comfortable investing in cryptocurrency, according to Bankrate’s September survey. That’s down from 35% in 2021. Although comfort levels have fallen among investors of all generations, the decline has been most pronounced among millennials. Nearly 30%...

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Will personal loans be more expensive in 2023?

by on September 24, 2022 0

Image Credit: Getty Images There is reason to believe they could. Key points Personal loans allow you to borrow money for any purpose. Despite this flexibility, 2023 may not be the best time to remove it. Overall, loans could become more expensive in 2023 to contain rising inflation. If you need money, be it...

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Exchange rates in Pakistan – Dollar, Euro, British Pound and Riyal rates on September 24, 2022

by on September 24, 2022 0

Today’s exchange rates in Pakistan on September 24, 2022, current dollar rate in Pakistan, latest exchange rates for British Pound, Euro, Saudi Riyal, UAE Dirham, Canadian Dollar , Australian dollar to Pakistani rupees. All rates updated based on free market exchange rates. Today’s exchange rates in Pakistan according to international currencies as of September...

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Green credit cards to support sustainable shopping

by on September 22, 2022 0

In September 2022, a new brand called Future revealed Visa FutureCard, a new credit card that provides users with a 6% refund for purchases that “have a lower carbon footprint,” according to peer-reviewed research. These purchases may include: charging an electric vehicle, using public transportation, eating plant-based meat, and buying used clothing. The card...

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The Marriott Bonvoy Brilliant Card Gets Many New Benefits and Higher Annual Fees

by on September 22, 2022 0

The Marriott Premium Credit Card — the Marriott Bonvoy Brilliant® American Express® Card – is undergoing a complete overhaul. Today’s update includes the previously announced change to the card’s $300 annual credit, but we’re also seeing a host of additional changes. And unfortunately, these new and improved benefits come with higher annual fees. That...

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The price of gold is still low

by on September 21, 2022 0

Advertising Strict expectations about the future of rising US interest rates are still supporting the US dollar, which is stable around its 20-year high. This is accelerating the pace of losses in the price of XAU/USD gold, which has fallen to the support level of $1660 per ounce. It is stable until markets and...

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Automatic Refinance Calculator – Forbes Advisor

by on September 20, 2022 0

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. If you took out a car loan to buy your car, you may be considering refinancing. Refinancing can help you get a better interest rate to save money or pay off...

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FX Week Ahead – Top 5 Events: Inflation Rates in Canada; Fed Rate Decision; BOJ Tariff Decision; SNB tariff decision; BOE rate decision

by on September 19, 2022 0

Preview of the week ahead: As the calendar enters the second half of the month, central banks are in focus over the next few days. The Federal Reserve and the Swiss National Bank are expected to raise rates by 75 basis points. After postponing their meeting due to the death of Queen Elizabeth, the...

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