There are early signs of price pressures beginning to ease in the global economy

The Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr recently spoke with Bloomberg TV to discuss the potential for higher interest rates due to cyclone-related inflationary pressure. During the interview, Orr suggested that a large inflationary shock would be necessary for the RBNZ to return to a 75 basis point rate hike. He expressed […]

Dogecoin Rival FLOKI Suddenly Soars 30%

Dogecoin, the popular meme cryptocurrency, has been making headlines recently with its astronomical rise in price. However, it is not the only meme cryptocurrency in the market, as there are other projects such as Floki Inu that have been gaining traction in the crypto space. Floki Inu, dubbed as the rival of Dogecoin, has seen […]

AUD/USD dives towards 0.6800 after FOMC’s minutes

The minutes of the Federal Open Market Committee (FOMC) meeting were released on Wednesday, revealing that “few participants” favored a 50 bps rate hike. This was due to the tight labor market and the fact that inflation risks are tilted upwards. The AUD/USD exchange rate reacted by spiking towards 0.6830 before reversing its path and […]

Gold futures settle lower for a third straight session

Gold futures declined for the third consecutive session on Wednesday, with prices trading below the 50-day moving average of $1,866.30, according to Chintan Karnani, director of research at Insignia Consultants. The market was awaiting the release of the minutes from the Federal Open Market Committee’s January 31 to February 1 policy meeting, which Karnani said […]

Bitcoin Lightning Network growth is organic, coming from real-world adoption

Bitcoin is a decentralized digital currency that has been gaining traction in recent years. The Bitcoin network is supported by a peer-to-peer network of computers, and it is secured by a cryptographic algorithm. One of the most exciting developments in the Bitcoin space is the Lightning Network (LN). The Lightning Network is a second layer […]

Dick’s Sporting Goods to buy Moosejaw from Walmart

Dick’s Sporting Goods Inc. (DKS) announced on Wednesday that it had agreed to acquire outdoor retailer Moosejaw from Walmart Inc. (WMT). This move is intended to help expand Dick’s existing fleet of stores geared toward outdoor activity, which has seen a surge in popularity over the past two years of the pandemic. The acquisition is […]

XAG/USD struggles at the 200-DMA and drops below $21.70

Silver prices have been at the mercy of the 200-day Exponential Moving Average (EMA) for the past few days. On Wednesday, the white metal failed to break through the key resistance level, and instead retraced towards Tuesday’s lows. At the time of writing, XAG/USD is trading at $21.62, down 0.70% in the day. From a […]

U.S. stocks limp higher at open after worst selloff of the year

On Wednesday, U.S. stocks opened marginally higher following their worst day of the year the day before. Investors were eagerly awaiting the minutes of the latest meeting of the Federal Reserve. The S&P 500 index gained 3.5 points, or 0.1%, to 4,000, the Dow Jones Industrial Average increased by 39 points, or 0.1%, to 33,172, […]