DRYDEN GOLD CORP stock forum
GOLD 
DRY 
GBPJPY 
USOIL Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight;Usual Effect 'Actual' greater than 'Forecast' is good for currency;
Frequency Scheduled 8 times per year;
Next Release May 7, 2025
FF Notes The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;
Why Traders
Care Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
Derived Via FOMC members vote on where to set the target rate. The individual votes are published in the FOMC statement;
Also Called Interest Rates, Fed Funds Rate;
GOLD here are the latest developments in the forex and cryptocurrency markets:Forex Markets
Federal Reserve's Policy Meeting: The Federal Open Market Committee (FOMC) is concluding a two-day policy meeting today. Expectations are that the federal funds rate will remain unchanged at 4.25% to 4.5%. Investors are keenly awaiting the committee's statement and Chair Jerome Powell's press conference for insights into future monetary policy directions.
Swiss National Bank's Currency Interventions: In 2024, the Swiss National Bank (SNB) significantly reduced its foreign currency interventions, purchasing only 1.2 billion Swiss francs, a sharp decline from the 132.9 billion francs sold in 2023. This shift indicates the SNB's preference for using interest rate adjustments over currency interventions to manage monetary policy and control inflation.
Gold Prices Surge: Amid rising geopolitical tensions and a weakening US dollar, gold prices have reached a record high of $3,038 per ounce. This surge reflects increased demand for safe-haven assets.
Cryptocurrency Market
North Korea's Bitcoin Holdings: North Korea has become the third-largest holder of Bitcoin globally, with 13,580 BTC valued at approximately £886 million. This accumulation is largely attributed to cyber-hacking activities by the Lazarus group, which has been implicated in significant cryptocurrency thefts.
MicroStrategy's Bitcoin Acquisition: MicroStrategy, the largest corporate holder of Bitcoin, announced the purchase of an additional 130
BTCUSD for $11 million. This marks their first acquisition since February 24. The company also plans to raise up to $21 billion through stock sales to continue investing in Bitcoin. Cryptocurrency ETFs: Canary Capital Group has filed for an exchange-traded fund (ETF) linked to the spot price of Sui, a cryptocurrency from the Sui Network. This brings the firm's total cryptocurrency ETF filings to six, reflecting growing optimism for regulatory approval under the current U.S. administration.
Market Trends: Analysts have observed a 20.2% decline in the cryptocurrency market in February 2025, largely due to a significant hack involving Bybt and broader bearish sentiments in global financial markets.
ETH DRY USOILThese developments underscore the dynamic nature of the forex and cryptocurrency markets, influenced by policy decisions, geopolitical events, and technological advancements.