Tech stocks are not doing well. We have seen the mighty fall: Amazon is down 15%, and Meta, Apple, Google, and Microsoft all dropped about 10% in the first weeks of 2022
What is the metaverse, who are the major players involved in its creation — and why investors need to be paying attention to this tech megatrend right now
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Central Banks withdraw support
The GBPUSD pair consolidated on Friday as bulls took some profits from this week's rally, bringing the Pound some 200 pips higher.
EURUSD / BITCOIN / USOIL
Index / Stocks / Crypto/Metals / Commodity & Futures / Forex
Sentiment deteriorated yesterday, following weak earnings and a slight uptick in the US dollar. Late Wednesday, the Metaverse company, known before as Facebook, reported disappointing earnings results, resulting in a massive 25% plunge in the company's stock price in the after-hour trading. Because Facebook is one of the biggest companies globally, the magnitude of the decline was enormous
Market movements remain elevated as rising yields put pressure on most financial assets. Later in the day, the US labor market data for January are due. The non-farm payrolls number is seen dropping to 150,000 from 199,000 in December. As a result, the unemployment rate is expected to stay unchanged at 3.9%.
Opening your first forex account is among the most important decisions you can make as a beginner trader, and you should not take it lightly. It is common for beginners to choose an account type without fully understanding its features. And for others, choosing from so many account types can be overwhelming since the forex market is so large. The most commonly available forex accounts include Standard, Cent, and ECN accounts. Our focus here will be on the Standard Account Vs Cent Account.
EURUSD / GBPUSD / BITCOIN / USOIL
In trading language, bullish and bearish terms describe market trends that drive prices in financial markets. Generally speaking, markets can move in three directions: up, down, or sideways. And you’ve probably heard that the market is either bearish or bullish based on price movements. Both are used to describe rising or falling markets. But what does this mean?
EURUSD / XAUUSD / USDJPY / USOIL
The foreign exchange market comprises a multitude of factors that demand careful consideration. In a world where more than 6.6 trillion dollars are traded each day on the forex market, it is essential that forex traders possess a thorough understanding of all the terms associated with forex to stay on the safe side of the shore. Forex Drawdown is one of those important technical terms associated with forex trading.
On January 20, 2021, US President Biden was sworn in at the White House. So what has changed in the United States during the past year? The menacing new crown pandemic continues to spread, the US's recovering economy is facing unprecedented high inflationary pressures, and the rift between the political parties has not been repaired
The Fed's first interest rate meeting this year was held on Tuesday, and the results of the two-day meeting will be announced on Wednesday.
On Wednesday, the Bank of Canada will announce its interest rate decision at 23:00. At this meeting, the market expects a 70%-75% probability of raising interest rates by 25 basis points. However, Bloomberg Economists expect the Bank of Canada to keep rates unchanged. Analysts see the case for the first-rate hike as solid and likely to send a clear signal of imminent action from the central bank. Therefore, investors are most concerned about whether Canada's interest rate hike cycle will start at this meeting
2021 was labeled as the year of cryptocurrencies as crypto investment became more of a mainstream. Digital coins, like Bitcoin and Ethereum, hit all-time highs and made millionaires of investors around the globe. The crypto market total cap surpassed $3 trillion for the first time, thanks to growing popularity of digital assets. The emergence of new digital assets, like the non-fungible token or NFTs, also contributed in bringing crypto trading to the mainstream.
Australia ends QE
Cryptocurrencies are gaining higher popularity with the accelerating investment interest. The term crypto refers to the complex cryptography that enables the development and processing of digital currencies as well as their transactions through decentralized systems, known as Blockchains.