Forex News May 09, 2022
Russia-Ukraine Russia claims that peace talks with Ukraine are still ongoing and are being held remotely. Vladimir Medinsky, Russia's chief negotiator, made the following remarks: Well, but it's not like the peace talks are going anywhere. There are still irreconcilable…
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Global interest rates are rising.
Higher interest rates in advanced economies typically result in capital outflows from riskier emerging market economies like India. The rupee fell against the US dollar as major central banks around the world raised interest rates quickly, rising dollar index and dampening…
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Forex News May 07, 2022
Indexes The S&P 500 and NASDAQ finish lower for the fifth week in a row. Following earlier gains, US stocks had a bad week. A week ago today, the NASDAQ index was down more than 13% for the month of…
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BOE and The Fed
As long as inflation remains high or appears to be on the rise, the US economy could be in trouble by the third or fourth quarter of this year. The question now is what the Fed will do next. Is…
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BitMart to compensate victims of $196 million hack
Bitmart, a cryptocurrency trading platform, announced on Saturday that it had undergone a "large-scale security breach" and that hackers had removed around $150 million in assets. Peckshield, a third-party security firm that initially revealed the breach, estimated it to be…
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