europefx Key Takeaways: 📉 Bitcoin and ether drop to multi-month lows amid U.S. recession worries 🛡️ Cryptocurrency market impacted by broad selloff in global equities 🚀 SEC approval of ETF boosted crypto markets earlier in the year 🌐 Rising geopolitical worries contribute to negative market sentiment 💰 Bitcoin at risk of further decline if trend channel … Read more
Key Takeaways: 💸 Bitcoin experienced a 5% tumble on Sunday, falling to around $59,357. 🚀 Crypto markets saw a boost after the SEC approved an exchange-traded fund. 🌎 Bitcoin fell alongside other assets, causing uncertainty in the market. 💰 Bitcoin’s price has dropped by around 5% and is nearly 20% down from its March 2021 … Read more
Key Takeaways: 💲 Bitcoin fell 5.69% to $58,987 at 15:58 GMT on Sunday 📉 Earlier, Bitcoin fell 3.98% to $60,050 at 19:50 GMT on Saturday 📉 The decrease in price is significant and may indicate market fluctuations 💰 Bitcoin’s price has dropped by 5.69% to $58,987 💡 Understanding market trends and factors affecting cryptocurrency prices … Read more
Key Takeaways: 💵 Weaker-than-expected US employment report led to a four-month low for the dollar 📉 Traders predict a 71% probability of a 50 basis point rate cut by the Federal Reserve in September 🔍 Other indicators do not point to a sharp economic slowdown, despite weak jobs data 🌐 Bitcoin fell 2.74% to $62,878 … Read more
Key Takeaways: 💵 Dollar Index fell 0.2% in early European trade, continuing July’s weak performance 🇺🇸 U.S. manufacturing activity contracted, raising recession fears 📉 Economists expect U.S. to have created 177,000 jobs in July 🇬🇧 GBP/USD slipped after Bank of England cut interest rates 🇪🇺 Eurozone manufacturing activity in contraction, ECB may cut interest rates … Read more
Key Takeaways: 💹 Asian currencies mostly traded in a tight range due to growing risk aversion and safe haven flows into the dollar 📈 Japanese yen remained steady after Bank of Japan’s hawkish stance and safe haven bids 🌏 Global stock market losses limited impact on foreign exchange markets due to prospects of U.S. interest … Read more
Key Takeaways: 💰 Dollar gained due to rising geopolitical tensions, seen as a safe haven 😔 British pound fell after Bank of England cut interest rates ⚖️ Federal Reserve Chair Powell’s comments led to dollar bounce 📈 Traders predict three rate cuts by year-end 🇺🇸 U.S. government jobs report for July to be released on … Read more
Key Takeaways: 💵 Dollar rallied on Thursday following central bank decisions 🇬🇧 Pound fell to a four-week low after BoE cuts rates 📊 Euro touched a three-week low of $1.0777 and was last down 0.36% 🇯🇵 Japan’s yen slipped after BOJ raised rates for a second time this year 💼 Fed Chair Powell emphasized keeping … Read more
Key Takeaways 💵 Dollar rebounded after Fed’s indication of a potential rate cut in September 🇬🇧 Pound weakened ahead of Bank of England’s policy-setting meeting 📈 Dollar Index traded higher after dropping 0.4% on Wednesday 🏛️ Fed suggests easing of monetary policy is nearing 📉 GBP/USD slumped 0.7% to 1.2767 before BOE meeting 🇪🇺 EUR/USD … Read more
Key Takeaways 💵 Dollar weakened after the Federal Reserve hinted at possible interest rate cuts in September 📉 Yen surged to its highest level since March following a hawkish move by the Bank of Japan, raising rates to 15-year highs 🇯🇵 BOJ indicated potential further rate hikes and reduction in government bond purchases by 2026 … Read more