Cryptos recovery still elusive as Dovish FOMC fuels Stock gains

3 min read

It was slim pickings for the Cryptos in the financial markets as the grind lower continued. With interest now diverted towards other digital assets like the tokenized securities, stable coins & cross border digital currencies, any meaningful recovery looks increasingly elusive any time soon. The American stocks, on the other hand, bounced right back with the V-shape recovery that we cited last week extending further, despite more depressing economic news from around the World. On the Forex front, risk currencies have been reinvigorated with the rebound in U.S stocks – Greenback is on the retreat. Here are the numbers for…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.