Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to […]
The crypto market is back in the green, with Bitcoin soaring above $ 60,000 and many altcoins benefiting. Meme coins are also up widely, with one notable case being the new token Base Dawgz. A trailblazing multi-chain meme coin, $ DAWGZ, has reached a new major milestone: it raised $ 2.5 million …
Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open Market Committee (FOMC) meetings. Nevertheless, Federal Reserve Chair Jerome Powell stated on Tuesday that additional progress is required before […]
Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $ 2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the latter half of 2024. Similar to predictions for bitcoin, a Trump 2.0 era could …
As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past […]