USD/JPY Rally Fizzles with RSI Reversing Ahead of Overbought Zone
USD/JPY pushed above the 200-Day SMA (137.12) to clear the December 2022 high (138.18), but recent developments in the Relative Strength Index (RSI) suggest the bullish momentum is abating as
Bitcoin production growth and capital strategy guiding Marathon Digital: CEO
A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin mining firm Marathon Digital Holdings through the bear market, CEO Fred Thiel told Cointelegraph.
The top 10 strongest currencies in the world
You might assume the strongest currency would be the U.S. Dollar (USD) or British Pound Sterling (GBP) as both hold significant influence over other currency pairs. In fact the top
US Treasury’s Cash Pile Dwindles to Lowest Since 2021 as Debt-Ceiling Talks Stall
The US Treasury’s window to keep the US government from running out of borrowing room continues to narrow as declines in its cash balance to the lowest since 2021 offset
ECB set to hike again but analysts divided on how much
The European Central Bank is expected to deliver another interest rate increase Thursday, but analysts are divided on how big the hike will be against a backdrop of stubborn inflation ‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K
Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above
How the Dollar Became the World’s Top Global Currency
In March 2009, in the midst of recession, then Treasury secretary Timothy Geithner was pressed to respond on the question of whether or not another currency—possibly the IMF’s special drawing
China manufacturing unexpectedly cools in April – official PMI
China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, exacerbating the challenge for an economy in the midst of a patchy post-COVID recovery with slack global demand US Fed likely to make final interest rate hike in May, and other economy stories you need to read this week
The US Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to a Reuters poll of