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Forex Market: AUD/USD extends rebound from 2-year trough as RBA hints at June rate hike

AUD/USD rose for a third straight trading day on Tuesday, rebounding from last week’s 2-year low, after the Reserve Bank of Australia dropped a heavy hint that it would hike rates again next month. The minutes of the RBA’s May policy meeting, released on Tuesday, showed the central bank had considered a sharper rate hike […]

May 17, 2022, 8:33 am in Currency News

Forex Market: USD/JPY extends gains as global growth concerns boost safe haven demand

USD/JPY extended gains from last Friday at the start of the new week, as investor concerns over global growth underpinned demand for safe haven assets. Those concerns were reflected by disappointing Chinese macro data, released earlier on Monday. China’s retail and factory activity shrank sharply in April due to full or partial lockdowns imposed in […]

May 16, 2022, 9:11 am in Currency News

NFT traders grew 50% on a quarterly basis, trading record volumes despite a historic crypto market drop

NFT is yet another blockchain-based market that went through exponential growth in 2021, starting the second half of the year. This coincided with the memorable crypto all-time high of November 2021, but since then we’ve seen cryptocurrencies lose over 50% in value, with Bitcoin breaking the $30K support for a short while just recently. An […]

May 12, 2022, 7:59 am in Currency News

Forex Market: AUD/USD trades near a fresh 22-month trough on global growth concerns

AUD/USD plunged to a fresh 22-month low on Tuesday, dragged down by investor concerns over slowing global economic growth. Global equity markets took a hit on Monday, with a sell-off led by mega-cap growth stocks sending NASDAQ down over 4%. Asian equities were also in the red on Tuesday, with Nikkei 225 down 0.58%, Hang […]

May 10, 2022, 8:47 am in Currency News

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