Author: News Room

The Dollar ended its second straight week of gains on the back of the broad-based knee-jerk in US yields across the curve, reclaiming the area beyond the 104.00 barrier and maintaining the risk complex under further pressure. The Fed and the BoE delivered dovish holds, while the BoJ came up with a dovish hike (after 17 years). The USD Index (DXY) extended its constructive bias and surpassed the 104.00 hurdle, leaving behind at the same time the key 200-day SMA. In the upcoming week, the Chicago Fed National Activity Index and New Home Sales are due on March 25. Next…

The European Union Parliament has taken a significant step by outlawing unidentified self-custody crypto wallets for making payments across the region. A recent social media post by Patrick Breyer, an EU Parliament member, revealed that the ban received approval from most of the parliament’s leadership committee on March 19. This move is part of the EU’s broader anti-money laundering (AML) legislation. How Europe’s New AML Regulations Impacts Crypto The new regulations ban all anonymous crypto payments and cash transactions above certain limits. Specifically, they prohibit cash payments exceeding €10,000 or anonymous cash transactions beyond €3,000. The ban also targets self-custody…

Mexican Peso losses steam as USD/MXN paired earlier losses. Banxico’s split decision to cut rates to 11.00% provides a nuanced outlook, contributing to the Peso’s resilience. Mexico’s economic performance shows contraction in January and high inflation data. Banxico underscores a data-dependent approach, aiming for a 3% inflation target by the second quarter of 2025. The Mexican Peso (MXN) lost ground late on Friday against the US Dollar (USD) after both central banks, the Federal Reserve (Fed) and the Bank of Mexico (Banxico), decided to hold and cut interest rates amid their separate disinflation evolutions. The emerging market currency began to…

The Shiba Inu (SHIB) price has seen a sharp decline, with the average transaction size dropping by 50% in the last two weeks. This points to a possible change in investor sentiment towards Shiba Inu. The decrease in transaction size might indicate a slowdown from the recent surge in buying, perhaps signaling a wider market reassessment. Adding to the cautious stance, SHIB’s technical indicators, such as an overbought RSI and bearish EMAs, suggest upcoming corrections. These factors suggest SHIB could be heading into a difficult period, raising questions about its ability to continue the bullish momentum it has shown recently.…

Topline Rep. Mike Gallagher, R-Wisc., is resigning from Congress effective April 19, he announced Friday—delivering a major blow to the Republican conference’s slim majority that has shrunk as former President Donald Trump’s ideological allies have overtaken the GOP. Key Facts Gallagher, who announced last month he would not run for re-election, said he made the decision to leave before his term ends “after conversation with [his] family” and “worked closely with House Republican leadership” on his timeline for stepping down. Gallagher has expressed frustrations with his party as it has become increasingly beholden to Trump’s divisive brand of politics—he said…

Cocoa prices have nearly doubled in 2024 and are outpacing bitcoin in the last 12 months.Rising cocoa costs may drive up Easter chocolate prices.Hershey and Cadbury have both said consumer price hikes are possible. Cocoa prices are so high that parents might wish to use their Easter chocolate as a tax write-off this year.Cocoa prices were already on a steady incline in 2023, but the product has nearly doubled in price so far this year, according to Bloomberg. Bean prices are rising to an “unthinkable” level as wholesales in New York have jumped more than 47% — or $8,900 a…

It’s not a new phenomenon. Outlets have been reporting on wildlife trafficking on Meta’s massive social media platforms for years, and Facebook has been working with the World Wildlife Fund since 2016 to cut down on the prevalence of the illegal trade of wildlife and rare animal products like ivory.But despite efforts to moderate the content away, the sellers remain remarkably easy to spot.Undark Magazine, an award-winning independent science and culture publication, this week reported on a surging market on Facebook for distinctive bowmouth guitarfish horns, sold as jewelry and other accessories, contributing to the demise of the critically endangered…

The Canadian Dollar gives up further ground to the Greenback. Canada Retail Sales ease from previous figures but less than expected. Next week: Canada & US GDP figures to drive USD/CAD. The Canadian Dollar (CAD) shed further weight against the US Dollar (USD) on Friday as market participants readjust their Greenback exposure in quiet Friday trading. Investors have pared back nearly all of the gains made during the midweek splurge sparked by rate cut bet hopes after the Federal Reserve (Fed) nodded toward higher odds of rate cuts to come. Canada revealed a slight slide in Retail Sales figures in…

Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game on competing scaler Ronin. But while Pixels is a relatively robust experience akin to traditional video games, Crypto Valleys—at least in its initial incarnation—is focused on keeping DeFi degens coming back to harvest more gains. In the web-based game, you’ll…

Matt Reeves’ 2022 superhero blockbuster The Batman has released the trailer for its first spinoff — The Penguin, a gritty new crime thriller set in the film’s world of Gotham City. Colin Farrell stars and reprises his role as the series’ titular villain-protagonist Oswald “Oz” Cobblepot, aka the mobster dubbed “Penguin” in Batman’s rogue gallery of iconic evil-doers. The eight-episode miniseries was created and written by Lauren LeFranc, with Craig Zobel directing the first three episodes. Cristin Milioti portrays Sofia Falcone in The Penguin, the main rival for control of Gotham’s underworld and daughter of the former crime lord Carmine…