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The USD/RUB exchange rate has moved sideways in the past few weeks. The pair was trading at 97.28 on Thursday, a few points below the year-to-date high of 102.53. Still, the Russian ruble has crashed by more than 90% from the lowest level in 2022. Russian economy holding well The USD/RUB has continued rising in […]

• September 28, 2023 06:13 AM PDT
• Invezz

AUD/USD chart and technical analysis AUD/USD has been in bearish trend since February 2021. Price recently dropped below last month’s low of 0.63580 owing to the stronger US dollar. Currently, the price is making retracement and will possibly retrace to the 0.64216 major resistance level and 0.50 Fibonacci level, from where it is expected to […]

• September 28, 2023 05:14 AM PDT
• Invezz

There has been a crazy price action in the Japanese yen (JPY) currency pairs lately. More precisely, during the summer, the JPY selloff intensified, despite comments from the Bank of Japan (BOJ) that a normalization of the monetary policy is likely. However, in July, the market was disappointed that the BOJ did not act then […]

• September 28, 2023 05:13 AM PDT
• Invezz

The Phoenix Group (LON: PHNX) share price continued its freefall on Thursday as concern about the company’s growth continued. The shares slipped to a low of 474.40p, the lowest level since October last year. It has plunged by 20% from the highest point this year, meaning it has moved into a bear market. Growth concerns […] The post The Phoenix Group share price recoils as growth concerns linger appeared first on Invezz.

• September 28, 2023 04:30 AM PDT
• Invezz

Maker (MKR) has displayed steady growth over the past few months. Analytic platform Santiment shows the crypto recorded increased user participation, with active addresses hitting 10-week peaks. Santiment explained that augmented addresses indicated more users joining the Maker platform. Further, the new players remain active. That amplified bullishness for Maker, pushing it above the $1,500 […] The post Maker (MKR) price displays stability amid elevated user activity appeared first on Invezz.

• September 28, 2023 04:11 AM PDT
• Invezz

A US government shutdown looks imminent as we approach October 1. Many deals have been reached in the last minutes, but this time, a shutdown looks increasingly possible. It would not be the first time a shutdown has happened. Before looking at possible scenarios of what it would mean for financial markets, let’s focus on […] The post What will a US government shutdown mean for financial markets? appeared first on Invezz.

• September 28, 2023 03:44 AM PDT
• Invezz

This month, it all went a one-way street for market participants – bond prices dived, yields rose, the dollar surged, and stocks tanked. One big trade. With two trading sessions left, September lived up to expectations. Historically, it is one of the worst months for stocks. For example, the S&P 500 return in the past […]

• September 28, 2023 02:02 AM PDT
• Invezz

The Pakistani ruppee is firing on all cylinders even as the US dollar index (DXY) rally gains steam. The USD/PKR pair plunged to a low 287.72, the lowest level since August 16th. It has plunged by more than 6% from the highest level this month. PKR gains could be short-lived The USD/PKR exchanged rate has […] The post USD/PKR: Pakistani rupee surge could be short lived appeared first on Invezz.

• September 28, 2023 02:00 AM PDT
• Invezz

Worldcoin’s native token, Worldcoin (WLD), has been making significant waves in the cryptocurrency market, demonstrating an impressive 80% surge in value over the past two weeks. On September 13, the WLD token was trading at around $1, compared to its price of $1.84 at the time of writing (September 28). This remarkable performance has piqued […] The post Worldcoin (WLD) explodes, surges 80%: a look at the driving factors appeared first on Invezz.

• September 28, 2023 01:41 AM PDT
• Invezz

The bond market is going through a serious challenge as risks to the American economy continues. The yield of the 10-year Treasuries has soared to 4.65%, the highest point since 2007 while the 30-year has jumped to 4.75%. Government bonds are in a steep sell-off Short-term bond yields have risen while the spread of the […]

• September 28, 2023 01:00 AM PDT
• Invezz