Pound Sterling May Outlook: Bank Of England ‘Taper’ Decision To Set The Tone Against Euro & Dollar
The British Pound has flatlined against the Euro as the end of the month approaches while continuing to churn familiar…
Category: World
Ether’s 1,500% Jump Is Just The Start For The Crypto Faithful
Cryptocurrency enthusiasts are scaling up price targets for Ether after the second-largest token’s record-breaking run, an echo of the unbridled…
Forex Scarcity, Repatriation Uncertainties Depress Investments In Q1 – Analysts
ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of…
Sterling Bulls Squeezed – Bank Of England Pivotal
A 1% slide in sterling led Friday’s month-end shakeout of short dollar positions, turning positive GBP technical signals neutral. If the Bank of England disappoints…
BLS International Seals Biometric Services Deal For Nigerians Living In UK
A partnership deal has been struck between outsourcing service provider BLS International and data and digital enrolment services firm Files Solutions Limited to help…
The Two Big Themes In The Crypto Market Right Now
For all the hype about Bitcoin these days, its momentum has actually quieted down a little bit lately. After almost…
Weaponizing Dollar Risks Echo Of Sterling’s Decline, Study Says
U.S. officials leveraging the dollar’s dominance as a reserve currency to wield influence should heed the lessons of the Sterling…
Gold Gains As Dollar Slips After Dovish Fed
Gold prices rose on Thursday as the dollar weakened after the U.S. Federal Reserve decided to keep interest rates low…
WEEKAHEAD-AFRICA-FX-Kenyan, Nigerian Currencies Seen Range-Bound
Kenya’s and Nigeria’s currencies are expected to trade within existing ranges in the coming week, analysts and traders said. Tanzania’s…
Dollar Left Defenseless By Dovish Fed, Euro Muscles Higher
The dollar was on the defensive near nine-week lows on Thursday as a decidedly dovish outlook from the U.S. Federal…
Turkey’s Central Banker To Weigh Up Inflation After Lira Slump
Turkey’s new central bank Governor Sahap Kavcioglu is expected to raise inflation forecasts on Thursday after his appointment unleashed a…
Government Money Seen Powering U.S. Economy In First Quarter
U.S. economic growth likely accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the…
HSBC Says Bank Of England To ‘Taper’ In May
HSBC have become the latest UK lender to predict the Bank of England will begin the process of tightening UK monetary conditions at…
Biden To Unveil $1.8 Trillion Plan For Children And Families – Here’s What’s In It
President Joe Biden on Wednesday will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children,…
Dollar Pins Hopes On Fed, Biden For Ending Month-Long Decline
The dollar is set to take its cues from the U.S. Federal Reserve’s policy statement and a speech by President…
Decline In FX Demand Fortifies Naira By 0.10% At I&E
The Naira closed stronger against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange…
The Great Exit: Central Banks Line Up To Taper Emergency Stimulus
The Bank of Canada set the taper ball rolling last week, becoming the first major central bank to cut back…
UPDATE 1-Bank Of Canada Says It Is Expecting Strong Growth In Second Half Of 2021
The Bank of Canada is expecting strong consumption-led growth in the second half of the year as vaccinations against COVID-19…
How Palladium Became A Really, Really Precious Metal
Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to records in…
Rising Inflation In India Risks Central Bank’s Monetary Easing
The world’s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank…
Will The Fed Snap The Dollar’s Recovery?
After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary…
Dogecoin Price Sky Rockets After Elon Musk Calls Himself ‘The Dogefather’
The price of dogecoin has shot up after technology billionaire Elon Musk referred to himself as “The Dogefather”. The meme-inspired cryptocurrency rose from $0.25…
Weak Fiscal Space Putting Pressure On Monetary Policy
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Prof. Mike Obadan, has said the country’s…
Dollar Near Multi-Week Lows Before Fed, Yen Unmoved After BOJ
The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields ahead of the Federal…
Top Global Central Banks Close Three-Month Dollar Cash Tap
The central banks of the the euro zone, Britain, Japan and Switzerland said on Friday they would discountinue a three-month…
Bitcoin Price Crash: Half A Trillion Dollars Wiped From Crypto Market As Btc Falls Below $50k
The price of bitcoin has plummeted $15,000 from its recent all-time high, falling below $50,000 for the first time since March. The…
China’s Booming Economy Is Fueling Alternative Yuan Trades
Optimism over China’s economy is fueling some alternative bets in the foreign-exchange market. Buy the yuan against the Singapore dollar…
UK Borrows 303 Billion Pounds In 2020/21 Financial Year
Britain’s government borrowed 303.1 billion pounds ($420.1 billion) in the financial year which ended last month, an increase of 246…
Top Forecaster Sees Aussie Rising To 85 U.S. Cents By Next Year
Australian one hundred dollar and fifty dollar banknotes are arranged for a photograph in Sydney, Australia, on Wednesday, May 23,…
C$ Posts Biggest Gain In 10 Months As Bank Of Canada Cuts Stimulus
The Canadian dollar surged by the most since June 2020 against its U.S. counterpart on Wednesday and the Toronto stock…