US Dollar vs Japanese Yen Technical Analysis The US dollar has rallied rather significantly during the trading session on Wednesday, as inflation numbers in the United States came out much hotter than...
Tag: Dollar
Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High – Economics Bitcoin News
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member stat...
Video of Mario Draghi knocking Bitcoin ages like milk as euro sinks to parity with dollar
A recently posted video by @CarlBMenger shows former European Central Bank President and current Italian Prime Minister, Mario Draghi, slating Bitcoin. The short clip, dated March 2018, had Draghi war...
Euro-Dollar parity has been reached
On Monday, the dollar, which was already emerging from a week of good results, reached substantial parity with the euro, the strong currency of the old continent. A new historic level touched: parity...
Here’s why the US dollar is heading to $120
The US dollar index bullish momentum continued ahead of the upcoming US consumer inflation data. It surged to a high of $108.20, which was the highest point since May 2002. It has jumped by more than ...
U.S. federal researchers say digital dollar may improve rather than worsen financial stability
One of the primary worries raised concerning a central bank digital currency (CBDC) is the possibility that it might increase the frequency of run on banks and other financial intermediaries. However,...
CryptoPunk NFT Rises up Through a Recent Million Dollar Sale
CryptoPunk 4464 sold for $2,615,224.91. Ethereum traded at $1,060.29 with a trading volume of $13,097,548,474. CryptoPunk 4464 NFT, was recently sold for 2,500 ETH via OpenSea, the first and largest w...
Euro And Dollar Are Equal For First Time In 20 Years–Here’s What It Means For Americans
Topline The euro and the U.S. dollar are equal for the first time in 20 years, as Russia threatens to cut off gas to the west and inflation rates soar, sparking fears of a European recession. The euro...
Surging Dollar Is Bad New For Stocks—History Shows Markets Won’t Recover Until Greenback Falls
Topline Fears of global recession have helped the dollar skyrocket in value this year, allowing it reach parity with the euro for the first time in 20 years, and while the strength should help foreign...
‘Very small chance’ BTC price could hit $24K, says trader as US dollar cools
Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its surge to new two-decade highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar ...
ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar
The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer. “You’re...
Euro Hits 20-Year Low in Parity With the Dollar
Key Takeaways The euro fell to a 20-year low of $1.0001 in Tuesday trading. A potential cutoff from Russian gas supplies and recession fears have accelerated the euro’s downturn. BitMEX’s ...
US Dollar Reaches Parity with Euro, as DXY Breaks Through Resistance
The U.S. dollar appears to be the biggest beneficiary of global financial instability, pervasive inflation, the war in Ukraine and the coming recession. The dollar has regained currency parity with th...
Metis to Get 100 Million Dollar Funding From Genesi DAC
Metis has received funding of 100 million dollars from VC investor group Genesi DAC, which is today’s headline. This will open the doors for a much-needed funding allocation in the ecosystem developme...
BTC Below $20,000 as Markets React to Increasing Dollar Strength – Market Updates Bitcoin News
BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty ye...
Silver Price Prediction – Silver Is Under Pressure As Dollar Moves To New Highs
Key Insights Silver declined closer to the $19 level as the U.S. dollar rallied at the start of the week. Treasury yields are declining but traders stay focused on the strong dollar, which is bearish...
Bitcoin risks new lows as $20K looms amid dollar euro parity
Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,300 eyed as next supp...
Morgan Stanley Says Stock Rally to Wane as Dollar Soars
(Bloomberg) — One of Wall Street’s most vocal bears is growling again, this time because of dollar strength. Most Read from Bloomberg The “extreme” rally in the greenback over the past year typi...
Tech Rebound Drives Equity Advance As The Dollar Hits New Highs
(Photo by Andrew Burton/Getty Images) Getty Images Stocks indices in the U.S. posted significant gains last week, led by a recovery in beaten-down technology companies. The Ark Innovation Fund ETF, $A...
Gold Price Futures (GC) Technical Analysis – Rebounding into Close as US Dollar Weakens
Gold futures are inching higher late in the session on Friday after recovering from an early loss. The move was fueled by an intraday break in the U.S. Dollar as traders sold out of safe-haven positio...
Should you buy the Canadian dollar ahead of the Bank of Canada’s rate decision?
One of the next week’s most important events for currency traders is the Bank of Canada (BOC)’s interest rate decision. The Canadian central bank has already raised the interest rates to 1.5%, becomin...
2 fundamental reasons to buy the US dollar after the latest NFP Report
The trading community waited for the most important economic release of the month to be out last Friday – the NFP Report in the US. Unfortunately, the trading day was shadowed by the news that the for...
The euro and dollar are worth the same for the first time in 2 decades. Here’s how their values have changed during that time
For the first time in nearly two decades, the exchange rate between the euro and the dollar is roughly the same. The unusual event is a boon to U.S. tourists in Europe, but not so good for Europeans ...
US Dollar Nearly Equals Euro for First Time in 20 Years
The US dollar is globally recognized as a safe haven, and so the recent market condition has increased demand for the currency. The Euro/Dollar is currently 1.014 according to data. This means the US ...
The dollar is almost equal in value to the euro. Here are the upsides and downsides
The euro is now worth slightly less than $1.02. (Lauren Raab / Los Angeles Times) The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. T...
The US Dollar Is Still King, And Investors Can Make The Most Of It
Getty Images Key takeaways The US dollar rose to fresh 20-year highs this week Meanwhile, the euro fell below $1.02 for the first time since 2002 Rising energy prices, tightening central bank policies...
Legendary Trader Who Called 2018 Crypto Collapse Issues Bitcoin (BTC) Warning as US Dollar Goes Parabolic
Veteran trader Peter Brandt is issuing traders a warning about a particular Bitcoin (BTC) pattern he’s seeing on the charts. Brandt, who became a well-known crypto analyst after correctly calling Bitc...
Silver Price Prediction – Silver Retreats Towards $19.00 As Dollar Rallies
Key Insights Silver is under strong pressure amid global market sell-off. Strong dollar and recession fears served as the key bearish catalysts for the major sell-off in silver markets. Silver needs...
Federal Reserve conference casts doubt on CBDC and dollar digitization
At the Federal Reserve’s first conference on the international role of the dollar, the prospect of a US central bank digital currency did not particularly impress panelists. According to a July...
Euro at its lowest against the dollar since 2002
The super dollar heralds the arrival of crisis in Europe, a crisis that will soon be felt across the ocean. The fiat euro/dollar pair is at record lows The dollar appears to dominate the euro for the ...
Euro Sinks to Edge of Dollar Parity as Pros Call It ‘Unbuyable’
(Bloomberg) — With the European economy lurching toward a recession, traders are growing more convinced that the euro breaking parity with the dollar is imminent. Most Read from Bloomberg Shorti...
DXY index forecast as the US dollar crossed a key resistance
The DXY index is surging as investors embrace the US dollar’s role as a safe haven. The US dollar index surged to the highest level since October 2002. This means that the currency has surged by more ...