Latest Market News
USDJPY is slowly rising; demand for “safe haven” assets is rather low. The Japanese Yen is retreating against the USD again. The current quote for the instrument is 122.87. According to the statistics published today, Household Spending gained 1.1% y/y in February after adding 6.9% y/y in January. Early in the year, there was hope […]
AUDUSD updated its 10-month highs after the RBA meeting. The Australian Dollar improved pretty much against the USD. The current quote for the instrument is 0.7629. The Reserve Bank of Australia had another meeting in the morning and left the benchmark interest rate intact at 0.10%, just as expected. This time, the regulator’s comments were […]
South Korea has taken new measures to counter the inflation caused by high oil prices, by increasing the fuel tax cuts that began in November for a period of 6 months and intends to extend them for another 3 months. Korean Finance Minister Hong Nam-ki said today, Tuesday, that his country will expand tax cuts […]
RBA Looking to Hike Sooner Than ExpectedThe Aussie Dollar has been the strongest performer of the day following a hawkish surprise at the RBA rates meeting overnight. While no change in monetary policy was announced, the tone of the meeting statement struck a much more hawkish note with the RBA removing the word “patient” from […]
ETH Breaks OutThe resolution from the recent triangle formation highlighted in ETH has seen price triggering the breakout play through 3310.5. The continued recovery in risk appetite, particularly in tech stocks, has helped crypto assets perform much better over recent weeks. With both MACD and RSI bullish here, the market looks primed for further upside […]
Whenever Elon Musk does something on Twitter, the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment […]