Bitcoin is under selling pressure today. Get our Forex signal here
Federal Reserve concerns
This explains why the US dollar index has jumped while the Dow Jones, S&P 500, and Nasdaq 100 indices retreated for the second day. The three dropped by more than 0.30%. Other global indices like the German DAX and French CAC 40 dropped by more than 1% on Wednesday. Some Fed officials, however, favor pausing in the coming meeting. Philip Jefferson, the Vice Chair, said that he believes that the bank should pause in June and observe inflation trends. He added:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC/USD Forex Signal: Start of a new Bitcoin Bull Run?Bitcoin price dropped slightly as concerns about the economy continued
Read more »
GBP/USD Forex Signal: Stuck in Range Ahead of Beige BookThe GBP/USD exchange rate moved sideways after the strong US consumer confidence and housing data.
Read more »
EUR/USD Forex Signal: Hammer Pattern Points to Brief ReboundThe EUR/USD price is hovering near its lowest level since March 21st this year as more signs showed that the Federal Reserve could hike rates again in June.
Read more »
EUR/USD Forex Signal: 1.1650 is the Next Price to WatchThe EUR/USD pair was little changed on Monday amid low liquidity since US markets were closed for the Memorial Day weekend.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000, as ‘Death Cross’ Approaches – Market Updates Bitcoin NewsBitcoin was once again trading above $28,000 on Tuesday, as the 10-day and 25-day moving averages neared a death cross.
Read more »
Ordinals Inscriptions on Bitcoin Surpass 10 Million, Fueling NFT and Token Boom – Bitcoin NewsThe Bitcoin blockchain reached a significant milestone this week as the total number of Ordinal inscriptions exceeded 10 million.
Read more »