$BTCUSD Forex Signal: Pullback Likely as Recovery Finds Resistance Bitcoin
like Ethereum and Ripple have also risen.There are several reasons why the BTC/USD pair rose even after the hawkish Federal Reserve decision. First, the decision was already priced in by the market. In other words, everyone expected the bank to raise interest rates by 0.25% and express its hawkishness. This explains why other assets like stocks also rose after the decision while the US dollar retreated.
Perhaps the most severe sanctions have come from companies in the remittances industry like Western Union, MoneyGram, and Wise. All these companies have blocked all types of services to and from Russia. This means that people with friends abroad cannot send money to the country.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: Rising Wedge Signals Bearish BreakoutThe GBP/USD pair has crawled back in the past few days as investors react to the interest rate decisions by the Bank of England (BOE) and the Federal Reserve.
Read more »
Bowel Changes Before 45 Can Signal Colon Cancer — Best LifeIf you notice bowel changes in the bathroom before age 45, it's important to talk to your doctor about an early colon cancer screening.
Read more »
GBP/USD Forex Signal: Rising Wedge Signals Bearish BreakoutThe GBP/USD pair has crawled back in the past few days as investors react to the interest rate decisions by the Bank of England (BOE) and the Federal Reserve.
Read more »
USD/SGD Forecast: USD Gives Up Early Gains Against SGDThe US dollar initially tried to rally against the Singapore dollar on Friday but also gave up the gains to form a less-than-attractive candlestick.
Read more »
British Pound (GBP) Forecast: Cable Testing Key Levels Ahead of UK CPIGBP/USD remains gripped by the recent downtrend but bulls remain hopeful that this week’s rally can propel the pair through stubborn resistance. Get your weekly Sterling forecast from WVenketas here:
Read more »