The US Fed interest rate cut decision of 0.50%, in line with the market expectations, marks the first policy rate trim in four years. The event was eagerly awaited by the market participants, with traders now awaiting the upcoming Fed Chair Jerome Powell’s speech. Although the market was already expecting …
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Ethena Labs Halts Website After Domain Account Hack
Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar’s account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that …
Will 50 Bps Fed Rate Cut Send US Economy To Recession?
Gold proponent Peter Schiff sees the possibility of the latest Interest rate cut by the US Federal Reserve fueling recession and even inflation. He described the latest interest rate cut of 50-basis-point as the Fed Reserve giving in to the market. Schiff believes that the situation with the inflation makes …
The Impact of Wars on the Forex Market
The foreign exchange market, commonly known as Forex or FX, is the world’s largest and most liquid financial market. Trillions of dollars are traded daily, with currencies exchanged for commerce, investment, and speculation. While Forex is influenced by various factors, wars, and geopolitical conflicts stand out as significant catalysts for …