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Bitcoin Reache 52000

Shady Fouad
The prices of cryptocurrencies rose on Wednesday in light of the continuous increase in the price of Bitcoin, which rose by another 4%. Bitcoin is currently trading at around $52,000, its highest level since December 2021. The surge has led…
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US Inflation Data Tops This Week

Shady Fouad
The dollar stabilized on Monday, as a holiday in most major Asian markets weakened trading at the beginning of the week. Despite the potential for a busy week, attention is turning to U.S. inflation data, seeking clues about when the…
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Dollar Steadies Near 11- Week High

Shady Fouad
The US dollar slightly rose on Tuesday, approaching its highest level in about three months, while the Australian dollar lost its strength after an earlier session increase. A series of strong US economic data and statements from Federal…
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Chinese Stocks Are Rebounding

Shady Fouad
The struggling Chinese stocks saw their largest single-day gains in two years on Tuesday, and the yuan rose due to a series of signals indicating that authorities are strengthening their commitment to supporting declining markets. The…
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Dollar Notches Fresh Highs

Shady Fouad
The dollar rose to its highest level in eight weeks against its major counterparts on Monday, as traders scaled back their bets on significant interest rate cuts by the Federal Reserve this year in light of the ongoing resilience of the…
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Powell’s Rate Comments

Shady Fouad
Federal Reserve Chairman Jerome Powell tempered expectations that the Federal Reserve would soon begin lowering interest rates, as he seeks more evidence that inflation in the United States is continuing to slow down. The Federal Reserve…
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Dollar Traded In Narrow Ranges

Shady Fouad
The US dollar remained within a narrow range against its major counterparts on Tuesday, as traders awaited the Federal Reserve's monetary policy decision this week, seeking clues about the timing of a potential interest rate cut. On the…
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