Bitcoin Resilient to Powell’s Hawkish Message
BTC/USD dropped after the Fed’s latest jumbo rate hike on Wednesday, but shows resiliency to the hawkish commentary, trying to avoid a losing week
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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BTC/USD dropped after the Fed’s latest jumbo rate hike on Wednesday, but shows resiliency to the hawkish commentary, trying to avoid a losing week
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets
The precious metal has started November in a good mood, trying to stop its seven-months losing streak, but awaits today’s Fed decision for the next leg of the move
The Tesla CEO and Dogecoin supporter is now the sole Director of Twitter, ending a month-long saga over the roughly $billion acquisition deal
The Australian central bank opted again for a miniscule rate hike, despite recent inflation surge and higher 2022 projection
The social media giant registered a slide in both its top and bottom lines during the third quarter, while the segment responsible for delivering the Metaverse posted another loss
The pair extends this week’s gains and probes parity, as markets gear up for Thursday’s rate decision by the European Central Bank and US GDP and PCE Inflation updates
BTC/USD is having a good week as sentiment shows improvement and the US Dollar slides, but key data from the US loom
Australian CPI Inflation climbed to the highest levels since 1990 in the third quarter of the year (y/y), helping AUD/USD extend Tuesday’s advance
The tech-heavy index remains upbeat after last week’s surge, as investors prepare for earnings releases, frpm tech mega-caps, such as Alphabet, Microsoft, Meta Platforms, Amazon and Apple
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