XAU/USD: Gold falls below $1,930 as the Fed leaves interest rates unchanged but sees more room to raise them

After raising rates ten times in a row, the Federal Reserve put an end to its campaign but said it might do it again twice more this year.

Fyana PachecoJune 15, 2023Comment

GBP/USD: The UK economy is growing, but Sterling doesn't do anything at $1.26

The British pound rose sharply on Tuesday after a good report on jobs in the UK, but it didn't move at all today.

Fyana PachecoJune 14, 2023Comment

SPX: The S&P 500 breaks above 4,330 to hit a 52-week High

"Can't stop, won't stop" are possibly the words of stock market bulls as they break through another barrier, even though interest rates are at their highest level in 16 years.

Fyana PachecoJune 13, 2023Comment

OKX is said to have burnt $258 million worth of its token OKB earlier this year to lower the number of OKB on the market

OKB's growth over the past year has been excellent, and the 2022 sell-off didn't hurt it too much.

Fyana PachecoJune 12, 2023Comment

EUR/USD: The Euro has trouble breaking out of its consolidation at $1.07 because trading is slow

As important data is coming up next week, traders don't have much they can use to make a big move in either way.

Fyana PachecoJune 9, 2023Comment

Cathie Wood bought Coinbase shares when the SEC caused the price to drop

Even though the SEC's case hurt Coinbase shares, well-known investors are jumping at the chance to buy them at record low prices. Ark Invest, which is run by Cathie Wood, bought more than $21 million worth of Coinbase shares yesterday. This could mean that investors aren't too worried about the move by the government against the exchange.

Fyana PachecoJune 8, 2023Comment

As the Fed meeting approaches, the strength of the dollar pushes the British pound down to $1.24

The British pound is in a bad spot today, as it has gone down for the fourth day in a row.

Fyana PachecoJune 7, 2023Comment