Last week hosted an eventful week from FOMC members with speeches shifting markets lower and fulfilling trader’s bets of an aggressive Fed tightening program.
Well, this question would have come as a satire to the Bitcoin stalwarts. Whereas Bitcoin stands today at a value of more than $40,000, Dogecoin is 0.12 USD dollars. so how can we make a comparison of the two.
The Federal Reserve released their meeting minutes for March yesterday evening, paving the way for USD strength with comments in the report seemingly teeing up a 50 bps hike on their May 4th meeting with markets now pricing this in at 85%. (Up from 82% before the release)
If you have the slightest idea of Bitcoin and the Blockchain, you might beaware of smart contracts. While their existence cannot be set to be new, they've only recently got popularized.
To start the morning off Q4 GDP YoY for the UK came in at 6.6% vs expectations of 6.5% boosting the pound against both the euro and dollar.
In December, the world's largest cryptocurrency exchange, Binance, announced that it would establish an advisory body in Dubai. CEO Changpeng Zhao, who was recently ranked as one of the world's richest people, shared a photo of himself wearing an Emirati robe.
Sterling edged higher versus the euro this morning, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks.
Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI.
- Currency Market Update - March 24th 2022
- Currency Market Update - March 22nd 2022
- Currency Market Update - March 21st 2022
- Currency Market Update - March 18th 2022
- Currency Market Update - March 17th 2022
- Currency Market Update - March 14th 2022
- Currency Market Update - March 11th 2022
- A walk through the Inspiring Moments in Cryptocurrency History