Analysts – BOL News Staging

As U.S. rates decline amid recessionary threats, the dollar declines

June 29, 2022 by Maryam nadeem

The dollar index eased 0.08% to 104.39, giving back some of its 0.53% rallies overnight. Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17%. Asian equities followed Wall Street lower after U.S. shares fell. The dollar index gave back some of its 0.53% rallies overnight, spurred mainly by weakness … Read more

SHIB is facing challenges that might result in a 20% price crash

June 11, 2022 by Ali faizan rizvi

Approximately 34.72 SHIB tokens have been burned in the last 24 hours. This comes after the SHIB burn rate was performing well at the start of the week. The current market capitalization of SHIB is $5,564,712,360. Shiba Inu (SHIB) is currently facing a number of dangers. One of these threats is that the SHIB burn … Read more

Oil on the boil

February 13, 2022 by Muhammad Zubair

KARACHI: Rising geopolitical tension, fears of supply disruption and a surge in the post-Covid demand are dragging crude oil prices towards $100 a barrel in the international market sooner than earlier predicted, risking the fragile global growth, analysts and industry players said. Experts say oil at $100/barrel has become a high probability, as the markets … Read more

Lira plunges as Turkey cuts interest rate again

December 16, 2021 by Muhammad Zubair

ISTANBUL: The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip Erdogan’s “economic war of independence” by cutting interest rates for the fourth successive month. The reduction of the main rate to 14 per cent from 15 per cent comes in face of an annual inflation … Read more

Forex reserves fall $275 million to $22.499 billion

December 3, 2021 by Muhammad Zubair

KARACHI: The foreign exchange reserves of the country fell $275 million to $22.499 billion by the week ended November 26, 2021, the central bank reported. The foreign exchange reserves stood at $22.774 billion by the week ended November 19, 2021. The official forex reserves of the State Bank of Pakistan (SBP) fell $244 million to … Read more

Rupee stability linked to current account balance

October 18, 2021July 24, 2021 by Web Desk

Remittances Exceeds $2 billion For The Sixth Consecutive Month

KARACHI: Mounting current account deficit may pose a challenge to the rupee stability in the coming days, despite record inflows of export receipts and workers’ remittances. The local unit depreciated mercilessly against the dollar during the last couple of weeks. The local currency lost around Rs4.78 against the greenback during the first 23 days of … Read more

Bitcoin and Ethereum Prices Are ‘In Danger’

July 11, 2021 by Syed Ahad

Bitcoin and cryptocurrency prices have been falling in recent weeks as China‘s crypto crackdown has become more severe.

Bitcoin’s price collapsed in May, losing half of its worth, and has been under pressure ever since. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, has lost more than half of its value, with the price of an ether token battling to stay over $2,000.

Analysts have cautioned that crypto prices are “in danger” following allegations that former bitcoin and ethereum miners in China have been dumping GPUs, indicating that at least some of the banned Chinese mining power may not return.

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