Crypto News

Dollar Spot Index Surges 1.6%, Largest Weekly Gain Indicated Since September 2022

The dollar spot index rose by 1.6%, marking its biggest weekly gain since September 2022. The Japanese yen plummeted 4.4%, raising concerns about its vulnerability. Resilient labor market signals m...

Federal Reserve to Cut Interest Rates by 25 Basis Points in November

Data from CME's FedWatch tool shows a 97.4% chance of a 25 basis points interest rate cut by the Federal Reserve this November. The probability of maintaining the current rate is only 2.6%.

Forex.com Strategists Predict Gold Prices to Rise Next Week

James Stanley from Forex.com forecasts an increase in gold prices next week, driven by bullish investor sentiment. Despite dollar fluctuations, the market remains favorable for gold's upward moveme...

Investor Confidence in Fed's 25 Basis Point Rate Cuts: November and December Outlook

As market analysts anticipate the impact of upcoming CPI data, investor confidence is building around the Fed's potential 25 basis point interest rate cuts in November and December. Insights from e...

Dollar Spot Index Soars 1.6%: Weekly Surge Highlights Shift in Currency Markets

The dollar spot index rose 1.6% this week, marking its largest weekly gain since September 2022. The yen fell 4.4% against the dollar amid labor market resilience impacting Federal Reserve rate exp...