Cryptocurrencies Archives

10 Aug

FG to conserve Forex by embarking on local training

August 10, 2022
Posted by poweradmin

Omeiza Ajayi – Abuja As part of efforts to cut costs and conserve foreign exchange, the Federal Fire Service FFS has disclosed of plans to halt overseas training for its personnel and instead expand the...

08 Aug

Cryptocurrencies, News

Crypto miner pushback suggests ethereum offshoots are coming

August 9, 2022
Posted by poweradmin

A growing number of factions are making plans for forks that will copy the current software and, with a few tweaks, continue to essentially run the old version of Ethereum using miners. A monkey wrench...

03 Aug

Cryptocurrencies

Escalating geopolitical tensions weigh on sentiment

August 5, 2022
Posted by poweradmin

Markets have turned risk-averse amid escalating geopolitical tensions on Tuesday. The dollar stays relatively resilient against its major rivals and global equity indexes stay on the back foot. The Shanghai Composite Index lost more...

01 Aug

Cryptocurrencies

Why are interest rates important for forex traders?

August 1, 2022
Posted by poweradmin

A key factor that influences the foreign exchange (forex) market is the interest rate changes made by major central banks such as the Federal Reserve of the United States, Bank of England (BoE), and...

29 Jul

Cryptocurrencies

Is dogecoin on the verge of dying? Crypto market volatility will decide it

July 29, 2022
Posted by poweradmin

Dogecoin (DOGE) does not need any introduction to the highly volatile crypto market with its meme coin characteristics and constant support from the Dogefather Elon Musk. The degree of crypto market volatility is very high...

27 Jul

Cryptocurrencies

Bulls are all over the place after the Fed’s decision

July 29, 2022
Posted by poweradmin

The American dollar plunged on Wednesday following the US Federal Reserve monetary policy decision. The central bank delivered as expected and hiked the main benchmark rate by 75 bps. Financial markets reacted to chief Jerome...

25 Jul

Cryptocurrencies

Forex kitty tanks $7.5 billion on FPI exits, RBI intervention

July 25, 2022
Posted by poweradmin

The valuation loss, reflecting the appreciation of the US dollar against major currencies and decline in gold prices have also played a part in the decline in foreign exchange reserves. With the rupee remaining under...

22 Jul

Cryptocurrencies

All eyes on ECB’s policy announcements

July 22, 2022
Posted by poweradmin

Investors remain on the sidelines and the market mood remains cautious early Thursday ahead of the European Central Bank's (ECB) highly-anticipated policy announcements. Later in the day, the US economic docket will feature the weekly...

20 Jul

Cryptocurrencies

Optimism proved ephemeral

July 20, 2022
Posted by poweradmin

The dollar spent most of the first day of the week on the back foot, losing ground against most of its major rivals However, it bounced back in the US afternoon, as Wall Street...

18 Jul

Cryptocurrencies

Asian forex bears climb multi-year highs as short bets on Thai baht rise most

July 18, 2022
Posted by poweradmin

Bearish bets on nearly all Asian currencies firmed to new multi-year highs As fears of an impending recession from rapidly rising interest rates to rein in sky-high inflation dampened sentiment, a Reuters poll has...

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