Author: News Room

Here is what you need to know on Thursday, March 21: The US Dollar (USD) suffered large losses against its major rivals in the American session on Wednesday as investors reacted to the Federal Reserve’s (Fed) policy decisions and Fed Chairman Jerome Powell’s remarks on the policy outlook. The USD struggled to find demand early Thursday. Investors await the Bank of England’s (BoE) policy announcements and S&P Global PMI data for Germany, the Euro area, the UK and the US. The US economic docket will also feature the weekly Initial Jobless Claims and Existing Home Sales data for February. The…

Source: DALL·E The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday. The Federal Reserve opted to keep its target interest rate flat in the range of 5.25% to 5.50%, despite February’s inflation figures clocking in slightly higher than expected last week at 3.2%. The FOMC Interest Rate Decision In its Wednesday press release, the central bank noted that the nation’s economic activity continues to expand. Meanwhile, unemployment remains low, and inflation stubbornly elevated. “The Committee judges that the risks to achieving its employment and inflation goals are moving…

Donald Trump’s campaign saw an uptick in donations in February but failed to match the accelerating fundraising pace set by Joe Biden, whose political operation widened its already substantial financial advantage over his Republican rival as it entered March and the general election showdown, new filings show. The February financial reports filed Wednesday night also underscore the continued steep price of Trump’s legal troubles: Legal bills alone outstripped the money Trump’s leadership PAC took in last month. Meanwhile, Robert Kennedy Jr. – whose independent White House bid is facing increasing scrutiny and criticism from Democrats – is racking up big…

The National Women’s Soccer League and LIGA MX Femenil announced that all 14 teams in the NWSL and six teams from LIGA MX Femenil will compete from July 19-August 2. This new Summer Cup will take place during the Olympic break of the NWSL regular season. NWSL Fills Olympic Break Window The 33-game tournament will include 30 group contests with four teams in the semifinal round to take place the week of August 4. Following the results, the championship match will take place the weekend of October 25-27. With a total of five groups, the games are confirmed to take…

FRANKFURT (Reuters) – Euro zone banks must adjust how they manage risk as they face challenges from the end of ultra low interest rates to the emergence of non-traditional competitors that can quickly steal market share, the European Central Bank’s top supervisor said. Euro zone banks handled the recent surge in inflation and interest rates with remarkable ease and largely escaped last year’s U.S and Swiss banking turbulence, raising the risk of complacency and fuelling calls for lenders to prepare for more difficult times. Loan losses have remained exceptionally low, despite a near recessionary environment, but this may be down…

By Josh Ye HONG KONG (Reuters) – In a sea change at China’s Tencent, an easy-to-play game of cute characters tackling obstacle courses has taken precedence over developing a big-budget sophisticated foreign franchise for smartphones. Since late last year, the world’s largest video games company has, according to sources, redeployed hundreds of people from the team developing “Assassin’s Creed Jade” for mobile – a multi-year project with France’s Ubisoft. They are now working on recently launched “DreamStar” – Tencent’s answer to rival NetEase (NASDAQ:)’s hit “Eggy Party” and the company’s most high-profile attempt to date at the so-called party game…

The UK central bank is expected to keep its policy rate unchanged at 5.25%. The Bank of England is seen reducing its rates earlier than estimated after softer-than-expected inflation data.   GBP/USD will closely follow the BoE’s decision as well as the Minutes.    The Bank of England (BoE) is set to hold its policy rate for a fifth meeting in a row on Thursday amidst some recent pick-up in speculation over interest rate cuts by the central bank. Bank of England predicted keeping the “wait-and-see” mode The Bank of England is expected to leave the benchmark interest rate unchanged at…

Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 resistance to start another increase toward $0.200. DOGE declined heavily and tested the $0.1220 support against the US dollar. The price is trading below the $0.1650 level and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1600 and $0.1650 resistance levels. Dogecoin Price Recovers Over 15% After a strong decline,…

A month after an Alabama Supreme Court ruling thrust in vitro fertilization treatment into the national spotlight, Democrats are looking at a special state House election here on Tuesday for signs of how strong abortion rights resonate with voters in a red state with some of the most restrictive laws in the country. Marilyn Lands, a Democrat who lost by nearly 7 points when she ran in 2022, is an eager test case: she has made reproductive rights a central issue in her campaign, particularly in her ads. In one clip, Lands and a young woman, Alyssa Gonzales, share the…

Kevin McCullar Jr. may not be returning during the NCAA tournament, but he’s still confident the Kansas Jayhawks can make a run during March Madness. The 23-year-old shooting guard has dealt with a nagging knee injury in recent weeks, with Jayhawks head coach Bill Self surprisingly ruling out the redshirt senior for the entire tournament. “He’s out,” Self said on Tuesday. “We’re shutting him down for the tournament… He hasn’t practiced in six weeks, basically. He hasn’t done more damage to his knee but he tried to [play] and said that he just couldn’t go.” McCullar had averaged 18.3 points…