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Forex and Cryptocurrency Forecast - Action Forex

Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from the US Bureau of Labor Statistics (BLS) released on 15 May showed that the Consumer Price Index (CPI) decreased from 0.4% to 0.3% month-on-month (m/m), against a forecast of 0.4%. On an annual basis, inflation also fell from 3.5% to 3.4%. Retail sales volume demonstrated an even more significant decline, from 0.6% to 0.0% month-on-month (forecast 0.4%). These data indicated that inflation in the country, though resistant in certain areas, is still on the decline. At that moment, there were renewed discussions in the market about a possible rate cut by the Fed as early as this autumn. As a result, the Dollar Index (DXY) went down, and EUR/USD went up. Stock indices S&P 500 and Nasdaq reached record highs.

Exposing Crypto's Hard Truths With Haseeb Qureshi From Dragonfly Capital

ZkSync Is Planning For A New Token Generation, Followed By An Airdrop In June

ZkSync plans to hold a token generation event (TGE) this week, with a big airdrop coming in early June. ZkSync is aiming at around June 13th for the airdrop.

CEO of Ethereum L2 Eclipse replaced amidst allegations of sexual  misconduct

Peter Thiel's Founders Fund, Vitalik Buterin Back $45M Investment in Polymarket