The GRID Trading Bot is one of the trading tools that have been integrated into the Pionex exchange to help users automate their trades. It seeks to capitalize on different grid strategies, allowing traders to make a steady income in the volatile crypto market. Let’s dig in to see what more is offered. First GRID Trading Bot quick summary These are the highlights … [Read more...] about GRID Trading Bot Review: An Unbiased Crypto Bot Review
US Inflation to Average 7.1% Annual Rate in Latest Philly Fed Survey
Source: Reuters An economic survey by Philadelphia’s Fed shows that leading economic forecasters expect inflation to average 7.1% annual rate, an increase from previous 3.8%. SPY is up +2.21%, DXY is down -0.13%. The projected inflation is expected to take the annual Personal Consumption Expenditures higher to 5.7% in the current quarter, compared to the previous … [Read more...] about US Inflation to Average 7.1% Annual Rate in Latest Philly Fed Survey
US Import Prices Unchanged in April Amid Cooling Fuel Costs
Source: Bureau of Labor Statistics The import prices in the US remained unchanged in April, after posting a 2.9% gain the previous month. The prices had advanced by 6.8% from December to March. SPY is up +1.64%, DXY is up +0.1%. The steady import prices came at the back of falling prices of fuel, while the non-fuel item categories saw gains. Fuel prices were down by … [Read more...] about US Import Prices Unchanged in April Amid Cooling Fuel Costs
Why Solana Cardano and Ripple Are down by 20% Plus
Cryptocurrency crash in playCardano Solana and Ripple double-digit lossesDollar Strengthens to 20-day highs There is no reprieve in sight as the cryptocurrency crash that started last week shows no signs of easing off. It’s been an abysmal week for cryptos as investors shun riskier assets amid growing concerns of global economic recession amid runaway inflation. Cardano … [Read more...] about Why Solana Cardano and Ripple Are down by 20% Plus
Industrial Production Plunges in the Euro Area and EU in March
Source: Eurostat Industrial production in the euro area in March fell by a monthly 1.8%, after posting an increase of 0.5% in February. DAX is up +1.33%, EURUSD is up +0.05%. In the EU, industrial production was down by 1.2% after rising by 0.6% in February.The production of capital goods fell the most and was down by a monthly 2.7% and 2.6% in the euro area and EU, … [Read more...] about Industrial Production Plunges in the Euro Area and EU in March
