Donations in cryptocurrencies such as bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week. Since Russian troops invaded Ukraine on 24 February, more than 102,000 cryptoasset donations, totaling $54.7 million, have gone to the Ukrainian government and Come Back Alive Campaign.Donations have also …
Read More »USD/CAD Rebounds As WTI Oil Pulls Back From Yearly Highs
USD/CAD is currently trying to settle back above 1.2680, while the US dollar is gaining ground against a broad basket of currencies.The US Dollar Index is testing the resistance level at 97.75. If this test is successful, the US Dollar Index will move towards the next resistance at 98, which …
Read More »GBP/USD Fails To Get Over Gain Line
The GBP/USD is back into the red territory on Monday as the US session continues in risk-off sentiment. At 1.3404, the price is down 0.04% after travelling between a low of 1.3307 and a high of 1.3431. The Sterling declined on Monday after Western nations imposed tough new sanctions on …
Read More »Strong US Earnings Push Global Equities Higher
Global equity markets reap gains on Friday at the end of a tumultuous week dominated by concerns over the Federal Reserve’s monetary policy and geopolitical tensions between Russia and the West.Strong earnings from Apple and other tech firms buoyed the US equities during Friday’s session but the major indexes remained …
Read More »Euro falls to one-month low as Ukraine tensions persist
The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …
Read More »Gold Prices Fall From a one-week High
Gold prices retreated from a one-week high in weak trading on Tuesday after easing concerns about the mutated Omicron strain of the coronavirus and strong US retail sales data boosted risk appetite. And the price of gold in spot transactions 0.1 percent to 1809.68 dollars an ounce (an ounce) by …
Read More »Gold Price Subdued Around $1800 Amid Flat US Real Yields
The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …
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