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Australian Dollar Rises While Energy Prices Keep Soaring


The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...

Inflation Watch: Four Facts about Soaring Food Prices


Christian Bogmans is an economist in the International Monetary Fund (IMF)’s Research Department (Commodities Unit); Andrea Pescatori is an Economist at the Western Hemisphere Department of the IMF; Ervin Prifti is a Senior Economist with the Research Department of the IMF. ____ Rising world food...

Elon Musk’s Tweet Yet Again Sent Dogecoin Prices Soaring High


Tesla King Elon Musk has always expressed his support for the meme cryptocurrency Dogecoin which started as a mere joke in 2013 but turned out to be one of the most popular cryptocurrencies. Thanks to supporters like Elon Musk, whose one tweet is fair enough to send the Dogecoin prices soaring...

Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run


Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development....

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