The euro recorded a spike against all major currencies in the European session on Thursday, following strengthening expectations of an interest rate hike by the European Central Bank in July. Bundesbank President Joachim Nagel was the latest policymaker to assert that the ECB will raise its interest rate at the start of Q3 2022. Another […]
European Central Bank (ECB) President Christine Lagarde asserted at the Bank for International Settlements (BIS) Innovation Summit that cryptocurrencies are, without a doubt, being used by Russian companies and individuals to circumvent the slew of sanctions levied against them following Russia’s invasion of Ukraine. Expressing her displeasure of the continued use of crypto for sanctions […]
The EUR/GBP pair fell into a sideways pattern in the European session on Thursday after regaining a significantly bullish momentum on Monday. The currency pair touched a new four-week high at 0.8417 yesterday before reversing mildly over the past few hours. Today’s correction poses a potential break in the parabolic bull run recorded since Monday. […]
President of the European Central Bank (ECB), Christine Lagarde, has called on the European Union (EU) to take on the task of stricter cryptocurrency regulations. Lagarde explained that this would restrict Russia from bypassing hefty monetary sanctions since it launched an invasion operation in Ukraine. ECB President Remains Vocal on Cryptocurrency Regulation Warnings Notably, the […]
The US dollar continued to show weakness in the European session on Thursday, as the euro extended its gains against the safe-haven currency amid a hawkish change in outlook by the European Central Bank (ECB) last week and the release of the US Consumer Price Index (CPI) later today. The CPI data release is expected […]
