Economic Report

FTX exchange reignites hope for creditors, with FTT token jumping in tandem. FTX Token (FTT) is up 15%, so, the good news is that FTX token (FTT), the native digital currency of the bankrupt FTX Derivatives Exchange, has recorded very impressive daily growth today. The FTT token soared by 15% …

The dollar maintained its gains against other major currencies on Tuesday, amid great tension in Russia and traders’ anticipation of US data that may determine the timing of interest rate hikes. Russia witnessed at the beginning of the week a failed rebellion, a crisis that pushed the dollar to a …

The dollar fell on Monday before getting some safe-haven support as concerns persisted that the prolonged monetary tightening policy pursued by major central banks could further damage the global economic outlook. Recent events in Russia also kept investors on guard, but the reaction in the currency market was muted as …

The euro fell on Friday after data indicating stagnation in the growth of business activities in the single currency area this month, while the dollar received support from risk aversion and statements indicating continued monetary tightening from global central banks, including the Federal Reserve (Central US). The dollar index, which …

In spite of the US session’s negative market sentiment, the EUR/JPY pair has managed to reverse its daily losses. The EUR/JPY pair has rebounded to 156.60 after finding support at a low of 155.06. The PMIs for Germany and Europe were weaker than anticipated. The Yen is weighed down by …

The dollar was supported by a wave of risk aversion on Friday, as hawkish comments from global central banks, including the US Federal Reserve, raised fears of a further contraction of the economy. Sterling struggled to hold on to gains made by the Bank of England’s decision on Thursday to …

Several Senate Republicans questioned the new banking regulations when Federal Reserve Chair Jerome Powell spoke before the Senate Banking Committee on Thursday, specifically whether or not small banks would be subject to increased capital requirements.Powell stated that a plan is under consideration and has already been discussed within the Fed, …

The Bank of England hiked interest rates by a half-point more than predicted on Thursday, citing “significant” data indicating that British inflation will take longer to decline. The Bank of England’s Monetary Policy Committee (MPC) voted 7-2 to raise its main interest rate to 5% from 4.5%, the highest since …

On Thursday, the dollar approached its lowest level in a month against a basket of currencies, after Jerome Powell, Chairman of the Federal Reserve, stuck to his usual messages in his semi-annual testimony, which did not include any surprises. Sterling rose to near a one-year high ahead of the Bank …

Following the release of UK inflation data, the GBP/USD pair is benefiting from the US dollar’s decline as a result of testimony made by Fed Chair Jerome Powell regarding rate hikes.Powell’s comments keep investors on edge, but the GBP/USD pair seems unaffected by the testimony. With a potential increase of …