Terra’s native staking token, LUNA, was one of the best-performing cryptocurrencies of 2021, with gains north of 13,000%. Terra has also surpassed Binance Smart Chain (BSC) in total locked value with $17.62 billion, making it the second-biggest DeFi chain just after Ethereum. Much of this growth is due to Terra’s ecosystem, with a community of
One comment stood out from Philly Fed President Harker in his latest round of comments. He said he favors shrinking the Fed’s balance sheet late this year or early next. The hawks have been talking about an aggressive balance sheet rundown but there’s a pushback now, including Powell who indicated he would be patient. Since
Gold price in the national capital on Thursday jumped Rs 119 to Rs 46,919 per 10 grams, reflecting a rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,800 per 10 gram. Silver also moved up by Rs 745 to Rs 60,777 per kg
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking Committee as part of his confirmation process to head the central bank for a second term. Powell will deliver
In this article DAL A Delta airlines aircraft landing from Los Angeles at Kingsford Smith International airport on October 31, 2021 in Sydney, Australia. James D. Morgan | Getty Images Delta Air Lines said Thursday that the surge of the omicron variant of Covid-19 will drive it to a first-quarter loss, but that it still
Analysts at Wells Fargo maintain their view for a broadly stronger US dollar over the course of 2022 and into 2023. They consider a more hawkish Federal Reserve should result in capital flows toward the greenback, pushing it to the upside against most G10 and emerging market currencies. Key Quotes: “We expect the greenback to
In an earlier post(s), I was targeting the 50% of the move down from the October 28 high. That was the corrective high from that day and started the sharp move to the downside that bottomed on November 24th. The midpoint was at 1.14385 (see last post here). The price has reached that target and
Dollar’s post CPI selloff continues today and remains generally weak. For now, Swiss Franc is the second worst performer for the week, followed by Euro. Commodity currencies are the strongest, with Aussie overtaking Canadian. Sterling is mixed for now. Other markets are mixed for now, with Asian stocks lacking a clear direction. Global benchmark yields
Asia followed up an active FX session in the US where the US dollar declined across the majors’ board with a session of low volatility and small ranges. On the central bank front we had Federal Reserve Bank of San Francisco President Mary Daly speaking on a public TV interview. Daly said a rate hike
MELBOURNE: prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas Intermediate (WTI) crude futures slipped 7 cents, or 0.1%, to $82.57 a barrel at 0221 GMT, after climbing 1.7%
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Mortgage rates have moved to their highest level in more than a year, and that may have potential homebuyers nervous that their affordability window is closing faster than expected. Home
Analysts at Societe Generale offer a sneak peek at what they expect from Bank Indonesia, on the policy front, for 2022. Key quotes “Indonesia’s December headline inflation touched an 18-month high of 1.9% and we expect it to inch up from here and move toward its median target of 3.0% in 2022.” “BI’s monetary policy
The EURGBP has moved once again, above its 100 hour MA today. Recall from last week, and on Monday too, the price of the EURGBP moved above its 100 hour moving average. On Friday it moved above on Monday back above. Yesterday the 100 hour moving average stalled the rally off the low. Today, the
Dollar tumbles broadly in early US session even though consumer inflation data hit multi-decade highs. The move could be seen as a result of clearing the risk of even worse inflation reading that could force Fed’s hand. For now, Canadian Dollar is the strongest one as boosted by rally in oil prices. Sterling and Aussie
This is an advanced Forex strategy for people who trade the No Nonsense Forex Way. This will not make a lot of sense to anyone else. This will work on smaller time frames as well, but not nearly as well. This is not made for Continuation Trades. Results are based on my own trading, and
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In this video I explain the highly effective Teacup trading strategy used on FX pairs. This is not financial advice but is designed for educational purposes only. To learn more on this and many other strategies you can join the BEST Forex Educational program around! Let me know in comments if you are interested.
dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing its intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of this calendar year. The platform currently runs on a hybrid model whereby a portion of operations are decentralized, most notably staking and governance, while other