Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum On Wednesday, the U.S. dollar remained stable as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony and upcoming key events, including a European Central Bank (ECB) rate decision and U.S. jobs data. Bitcoin showed renewed momentum in the cryptocurrency market, though it did not […]
China’s Ambitious 5% Growth Target Criticized as Lacking a Concrete Plan
China’s Ambitious 5% Growth Target Criticized as Lacking a Concrete Plan China has set an ambitious growth target of about 5% for this year, aiming to boost confidence in the world’s second-largest economy. However, analysts have noted the absence of detailed strategies from Premier Li Qiang to achieve this goal amidst China’s significant challenges. During […]
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony In the early Asian trading session on Wednesday, the GBP/USD currency pair was observed holding below the significant 1.2700 mark, indicating a slight downtick influenced by a resurgence in the US Dollar (USD). This currency movement sets the stage for a day filled with key economic […]