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As the U.S. dollar continues to strengthen following the imposition of tariffs by President Donald Trump, this prominent hedge fund manager is forecasting an inevitable devaluation of the dollar. What Happened: Kevin C Smith, founder and CEO of Crescat Capital, warns that the global economy is...

President Donald Trump has resurfaced his old threat of imposing 100% tariffs on the BRICS nations via Truth Social, the social media platform owned by his company Trump Media & Technology Group Corp. (NASDAQ:DJT). But this fund manager, while agreeing with his views asks how the will U.S....

By RoboForex Analytical Department As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead. Recent statistical data highlighted higher-than-expected inflation in the US for February, prompting adjustments to...

The U.S. dollar has risen to its highest level in more than five weeks, with the U.S. Dollar DXY index breaking above the 50-day moving average resistance level, indicating a revival in investors' demand for safe-haven assets while debt limit talks continue. The dollar's gains during the...

Popular stablecoins are moving off exchanges, as the cryptocurrency industry continues to roil following the FTX (CRYPTO: FTT) collapse. What Happened: Over $23 billion in stablecoins have exited cryptocurrency exchanges, since March 2022, according to Santiment Insights.  The market cap...

The U.S. dollar traded strongly on Monday morning, gaining against most peers ahead of a potential 75 basis points rate hike by the U.S. Federal Reserve later this week. The U.S. dollar index, which measures the greenback’s strength against a basket of currencies, traded close to...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex EUR/USD is starting the final week of January with a decline towards 1.1320. The American currency is in demand due to investors’ interest in “safe haven” assets: the external background is looking rather pessimistic. This week,...

With its back up against a wall, the US Federal Reserve has pledged to begin tapering its asset purchase program. Beginning later this month, the Federal Reserve will reduce the number of US Treasury Securities it purchases each month by US $10 billion and the number of Mortgage-Backed...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The Gold price is barely moving although the short-term market situation is not in favour of the precious metal. On Monday, 1 November 2021, the troy ounce costs $1,788. Gold has been rather volatile recently and definitely shows an inverse...

​ As of writing, the DXY (USD index) is trading at 93.35, down by 0.50% on Thursday trading. GDP growth in the US may be contributing to this 4-week low in the dollar index. GDP growth missed expectations for Q3 2021, reporting in at 2.0% rather than the expected 2.7%. Q3’s GDP...

The Nonfarm Payroll (aka, NFP report) is making a habit of missing its forecast by wide margins. September’s NFP rolled on Friday, revealing that a meagre 194K jobs had been added to the US economy last month. Perhaps the NFP report wouldn’t have been as disappointing had forecasts not...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7291 The aussie found support in the better performance of Chinese equities. Global indexes traded mixed, but...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. EUR/USD Current price: 1.1699 Germany new government may require at least a three-party coalition. US Durable Goods Orders beat...