Articles by Myrsini Giannouli

In a highly-anticipated meeting on Wednesday, the Federal Reserve raised its benchmark interest rate by 25 base points, bringing its interest rate to 0.50%.

Gold price continued to decline on Tuesday from last week’s highs of $2,050 per ounce, falling as low as $1,907 per ounce.

Bitcoin continued trading below the $40,000 psychological level on Tuesday, with prices ranging between $38,000 and 39,500 and Ethereum traded mostly within the $2,500-2,600 range.

WTI price continued to decline on Tuesday, dropping below the psychological level of $100 per barrel for the first time since the beginning of the month, and falling as low as $94.5 per barrel.

The dollar index remained mostly close to the 99 levels on Tuesday, dropping a little since Friday when it had climbed to almost 100, boosted by the war in Ukraine and expectations of a Fed rate hike.

Cryptocurrency prices remained relatively stable on Monday, with Bitcoin trading below the $39,000 level and Ethereum trading sideways around the $2,500 level.

WTI price declined on Monday, falling as low as $100.06 per barrel.

Gold price retreated on Monday from last week’s highs of $2,050 per ounce, falling to approximately $1,950 per ounce.

The dollar index remained mostly above the 99 levels on Monday, although it dropped a little since Friday when it had climbed to almost 100, boosted by the war in Ukraine and expectations of a Fed rate hike.