Arbitrum Network, an Ethereum Layer 2 scaling solution, has emerged as a game-changer in the rapidly evolving decentralized finance (DeFi) space. With its innovative use of optimistic rollups, the network has seen a surge in trading volume, reaching $1.4 billion. The network’s native token, $ARB, has a market cap of.
Australian Prime Minister Anthony Albanese expressed his satisfaction with the decline of inflation in the country, while also noting that the cost of living pressures are still present nationwide. The statement comes as data shows that inflation in Australia fell to an eight-month low in February, attributed in part to.
The Australian dollar has come under pressure in recent weeks as the US dollar has strengthened. The AUD/USD pair has fallen from around 0.80 in early February to around 0.75 in early April. The strength of the US dollar has been the main driver of this move, as the currency.
The U.S. and Mexico have reached a deal to address a labor complaint at VU Manufacturing, an auto parts plant in northern Mexico, following an investigation by Mexico’s government. The agreement requires the plant to allow workers to freely choose their union in accordance with the United States-Mexico-Canada Agreement (USMCA),.
Introduction: The USD/JPY pair retreated from its two-week high, but there was a lack of follow-through selling. Softer inflation data and the risk-on environment are the key reasons behind the retreat. However, the safe-haven yen was weighed down by the risk-on environment, which lent support to the pair. This article.
El Salvador made history by becoming the first country to legalize Bitcoin as a legal tender in September 2021. President Nayib Bukele viewed Bitcoin as a solution to counter hyperinflation and dependence on the U.S. dollar. As part of its efforts to promote the adoption of Bitcoin, El Salvador has.
The GBP/USD currency pair has been on an upward trend for the third straight week, remaining positive despite having tested 1.2400 earlier in the day. The pair has since edged lower, but the overall upbeat mood persists. Soft PCE Inflation Data Limits US Dollar Strength The recent performance of GBP/USD.
Introduction: The US Dollar Index (DXY) has rallied after a three-week losing streak, rising to 102.83 during the early hours of Monday’s Asian trading session. The greenback’s gauge versus the six major currencies has benefited from the market’s risk aversion and cautious mood ahead of key US activity data and.
Cardano (ADA) has been experiencing bullish momentum, with the potential for further price gains. Traders should remain cautious and protect themselves with stop-loss orders against sudden market swings. The Chaikin Money Flow and Fisher Transform indicators show a positive outlook for ADA. ADA has been one of the most active.
Oil prices rose by more than $1 a barrel on Friday, driven by a combination of tightening global supplies and slowing U.S. inflation. The most actively traded Brent futures for June delivery were up $1.05 or 1.3% at $79.65 a barrel by 12:55 p.m. EDT (1655 GMT). Brent futures for.
The NZD/USD currency pair is facing downward pressure as bears test dynamic support levels. On Monday, the pair fell from a high of 0.6255 to a low of 0.6232, down 0.3% on the day. The reason for this downward movement is due to risk-off sentiment dominating the market. Risk-Off Tone.
A U.S. court has denied Johnson & Johnson’s attempt to delay a court order dismissing its bankruptcy, which would have resolved tens of thousands of lawsuits over its talc products. Despite the company’s planned Supreme Court appeal, the decision means that Johnson & Johnson will now have to face these.