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Futures Edge Higher Ahead of Fed’s Rate Decision

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On Wednesday, US stock index futures climbed, as investors were keeping an eye on the meeting of the Federal Reserve to see how much interest rates would be increased for quelling inflation. Aggressive Hike Expected Previously, investors had been pricing a rate hike of 50 basis points, but after the higher-than-expected US consumer price index … Read more

European Stocks Stable after Inflation Driven Decline

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On Tuesday, European stocks climbed higher, as investors were quick to snap up equities that had taken a battering. This came after a massive sell-off in the last few sessions because of worries about the US Federal Reserve getting more aggressive in terms of interest rate hikes and the possibility of an economic recession. Equities … Read more

Dollar Rises Amidst Hot US Inflation DataDollar Rises Amidst Hot US Inflation Data

On Friday, the dollar rose against a basket of other major currencies to an almost four-week high. This surge occurred after the release of the US Consumer Price Index (CPI) data, which showed that prices had risen higher than expectations in May. Thus, it strengthened expectations that the Fed will continue its aggressively hiking policy … Read more

EUR Or USD Drops Under 1.1300 Ahead Of Eurozone Data

The EUR or USD combination has flattened out underneath 1.1300, indicating that the constructive recovery from the weeklong lower has dissipated. Bond rates have been stronger as inflation expectations for the novel Omicron COVID variant have stayed high. The German ZEW and the Gross domestic product of the Eurozone both are set to be announced. … Read more

Impoverished Investors Turn To Bitcoin

Countries all across the world are crumbling under the burden of debt incurred as a result of the paper money system. Inflation is common right now, and buying bitcoin is one of the only methods to protect your assets. Bitcoin and other cryptos are not after by the government in any way. No matter how … Read more

On-Chain Data Shows Ethereum Whales Accumulating Tokens

Some of the largest Ethereum whales are active on most decentralized networks as they accumulate tokens. Chainlink (LINK) and other altcoins on the decentralized protocols are the preferred tokens of the Ethereum whales. The blockchain tracking form, WhaleStats, disclosed that the top 100 whales on the Ethereum network have the same preferences. Stablecoins, some selected … Read more

Shiba Inu Turns around; Sees Increased Demand

Shiba Inu experienced heightened requests from users owning ETH-based digital accounts, defying the abysmal performance of the meme coin earlier in May. Recent information on the best-performing whales in the digital assets industry shows that Shiba Inu sits ahead of other whales based on the number of purchased currencies.   Moreover, current projections based on the … Read more