General Risk Warning for stocks, cryptocurrencies, ETP, FX & CFD Trading. Investment assets are leveraged products. Trading related to foreign exchange, commodities, financial indices, stocks, ETP, cryptocurrencies, and other underlying variables carry a high level of risk and can result in the loss of all of your investment. As such, variable investments may not be appropriate for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should become aware of all the risks associated with trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall Witbrew LLC and associates have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to investment trading or (b) any direct, indirect, special, consequential or incidental damages whatsoever.
Follow us on Telegram
Stay updated of all the news
BOE raises key rate to 4.25% as expected, GBP/USD clings to gains – LIVE
The Bank of England hiked its policy rate by 25 basis point to 4.25% in March as expected and repeated that it will tighten the policy further if there were evidence of persistent price pressures. Following BOE's announcements, GBP/USD clings to daily gains at around 1.2300.
EUR/USD consolidates daily gains, trades below 1.0900
EUR/USD has lost its bullish momentum and retreated below 1.0900 after having touched a multi-week high of 1.0930 earlier in the day. The US Dollar struggles to stage a decisive rebound following Wednesday's sharp decline, allowing EUR/USD to stay in positive territory.
Gold extends sideways gring at around $1,980
Gold price has gone into a consolidation phase in the $1,980 area after having started the day on a bullish note on Thursday. With the 10-year US Treasury bond yield edging higher toward 3.5% following the sharp post-Fed decline, the pair is having a difficult time stretching higher.
Arbitrum's ARB token goes live, here is what to expect
The Arbitrum ARB governance token airdrop goes live marking the beginning of the Ethereum layer-2 solution’s transition into decentralization.
Markets yet to agree on whether Fed was dovish or what?
The Fed raised the rates by 25bp, as broadly priced in, but Fed Chair Jerome Powell signaled that there would be another 25bp hike on the wire before this tightening cycle ends. QT and dot plot were unchanged.