Market Update

SOL price is down 94.8% over the past year, the altcoin is under extraordinary pressure while striving to recover from the real crisis after FTX’s collapse. Solana is battling scrutiny from critics who argue that SOL price appreciation was driven by Bankman-Fried’s marketing efforts. Solana network was championed by Samuel …

The British Pound adheres to latest gains, benefiting from the optimistic market sentiment and Thursday’s weaker US Dollar.The US Bureau of Labor Statistics (BLS) revealed that Initial Jobless Claims for the week ended on December 24 rose by 225K, in line with expectations. The same report showed that continuing claims …

The recovery of USD/CAD has been suspended below 1.3610. The Canadian dollar is paring its losses on the back of a mild rebound in oil prices. In the same time, the lower US Treasury bonds are impacting the demand for the US dollar. The yield of the benchmark US 10-year …

The dollar fell on Thursday after rising in the previous session, as investors fretted at the end of the year as initial optimism about China easing coronavirus restrictions and opening up the economy waned. The Japanese yen rose, in its latest trading, by 0.64 percent, to 133.66 against the dollar. …

The Russian ruble fell to an eight-month low against the dollar as it suffered under expectations that sanctions targeting Russian oil and gas could limit export earnings. The ruble fell 0.9% against the dollar by 0717 GMT to 72.83, its weakest level since April 27. It also fell 0.7% to …

The dollar stabilized on Thursday after long-term US Treasury yields rose overnight, as initial optimism about China easing coronavirus restrictions and opening up the economy waned. After China removed its quarantine rule for inbound travellers on January 8, countries such as the United States, Japan and India said they would …

Oil prices fell on Thursday as rising COVID-19 cases in China dampened hopes of a recovery in fuel demand in the world’s second-largest oil consumer. The scale of the recent outbreak in China and scepticism about official data has prompted some countries to enact new travel rules on Chinese visitors, …

Gold prices rose on Thursday as the dollar and US Treasury bond yields fell, while traders awaited new indications of the Federal Reserve’s plans to raise interest rates. Spot gold rose 0.2 percent to $1,807.57 an ounce at 0303 GMT, after falling 1 percent in the previous session. US gold …

The 10-year US Treasury note yield stands at 3.88%. The 2-year note yields 4.35% after paying around 0.75% at the beginning of the year. One factor that is leading to another, as inflation is expected to probably surge again, pushing yields at the shorter end of the curve higher. Consequently, …

The United States announced that all flight passengers arriving from China will be required to show a negative Covid test result before flying to the States. The decision will come into force as of January 5.Risk sentiment is lukewarm amid fresh concerns over the covid spread worldwide once again. The …