Forex News and Market Analysis
Sam Bankman-Fried has been sentenced to 25 years in prison after fraud at FTX.
The sentence is much lower than what New York prosecutor Damian Williams had requested. Full Article
Chile: Dollar closes flat, but records its largest advance since mid-2022 in Q1
With Thursday's result, the dollar decreased by $4.72 for the week, completing an increase of $95.78 in Q1. Full Article
The President of Brazil, with Emmanuel Macron, called for elections in Venezuela
Lula da Silva said on Thursday that "there is no legal or political explanation" for the blocking of opposition candidacies in Venezuela Full Article
Argentina: Salaries increased by 16.4% but lost ground against inflation
Argentina has long struggled with high inflation rates, which have been a persistent challenge for its economy. Full Article
WTI: Crude Oil Extends its Rally – Market Awaits OPEC+ Meeting
WTI rallied over $1.30, or 1.6%, today as the market hears of strong US economic data and a surge in imports from Asia, with China and India Full Article
Shorting AUD/USD and NZD to USD on Solid US Labor Market
The rate of NZD to USD and AUD/USD made a bearish break tonight, breaking important support levels today Full Article
Are We Seeing the Death of Reddit Stock Already?
Reddit stock is falling today as Redditors bring their short selling plans to fruition and drive down the price of the newly launched stock. Full Article
Walgreens Earnings Report Drives Up Stock Price, Shows Promise
Walgreens stock is up today following an earning report that was positive overall depside a net loss. Full Article
Silver Price Tests $25 Again Despite Higher Final Q4 US GDP
The Silver price turned lower last week below the resistance zone of $26, following Gold's retreat after the record high. But Silver is up.. Full Article
Brazil: Bringing inflation to target with the lowest possible social cost, says CB president.
He cited countries like Argentina and Turkey, where higher inflation led to inequality. Full Article
The Swiss central bank halts its currency sales amid lower inflationary pressure.
Last week, the Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 1.50%. Full Article
USD/BRL: Real Suffers Bullish US Data & Weak Employment from Brazil
The real continued in a bearish market today as strong economic data from the US favored the greenback. Full Article
Oil rises more than 1% amid expectations of tight supply.
Futures for U.S. West Texas Intermediate (WTI) crude for delivery in May, meanwhile, rose 89 cents, or 1.1%, to $82.24 per barrel. Full Article
Wall Street opens without a clear direction ahead of the Good Friday holiday.
The broader S&P 500 index, comprising the top 500 companies, remained unchanged at 5,247 units. Full Article
Three Cryptos Making Major Gains This Week as Market Treads Water
Three cryptos are making huge moves this week as the market gets back on its feet, and all three are leaving Bitcoin in the dust. Full Article
Asian Stocks Drift as S&P 500 Achieves Another Record High
Asian stocks displayed a mixed performance following a resurgence in US stocks, which closed at a new record after a three-day downtrend. Full Article
USD/CAD Keeps in the Ascending Channel After Positive Canada GDP
USD/CAD has been trading in an ascending channel, and today we're seeing a retreat after the upbeat Canada GDP report for February Full Article
Bitcoin (BTC) Surges To Fresh Peaks As Market Gears Up For The Bitcoin Halving Event
The Bitcoin halving event is fast approaching and the market can’t contain the hype. Bitcoin’s value has once again astounded the market. Full Article
Forbes Criticizes Ripple for XRPL’s Role in Global Finance
Forbes article shows that the XRP Ledger alongside 19 other blockchains was ineffective, going as far as labeling them as “zombie chains" Full Article