The United States dollar trades relatively flat against other leading currencies on Thursday morning as investors await the U.S. inflation data release later today. Many renowned institutions and banks remain on the sidelines, awaiting data clarifying upcoming interest rate decisions. The March United States Dollar Index hovered at 102.790 during this writing, losing 0.13% or […]
It’s a quiet Wednesday for the GBP-USD, without United Kingdom economic signals to contemplate. The lack of data will leave GBP-USD under the influence of the market’s risk sentiment. The pair showcased movements today morning. Market anticipations of softer United States inflation figures supported partial revivals of the latest loss. Nonetheless, while softer inflation numbers […]
The Decline in Stock Prices Shares are currently trending downward as investors’ attention shifts towards rising interest rates and an upcoming speech by the head of the Fed Reserve. The main UK stock index has consistently declined throughout the day, showing a decline of 0.29%. Analysts downgraded two companies, causing Anglo American to decrease by […]
How has SpaceX yet to give us an initial public offering, despite the company’s strides in space travel? Elon Musk’s company has made many headlines with new space technology, including Starlink and the company’s priced Falcon line of space crafts. However, after 20 years of the company’s exploits, it seems painfully clear that SpaceX may […]
Ethereum (ETH) Ethereum started Wednesday with heavy fluctuations falling to $1,212 before the crypto began to rally. At $1,212, ETH avoided falling below the first key support level. A major or key support level is a price level at which there is a concentration of demand for an asset and acts as a floor. That […]
Good news for European stock markets! The STOXX 600 index soared to a strong start in the new year, fueled by upbeat manufacturing data from the eurozone. This statement suggests that the economic downturn may not materialize, and investors are more optimistic. In addition, consumer discretionary and autos assets saw impressive gains, while luxury brands […]
BTC and ETH joined the broad market slump on Friday. United States economic indicators underperformed predictions, sending risk assets further down. Cryptocurrency market conditions flashed bearishness early today. 2022’s last day opens with a bearish stance. Bitcoin and other cryptos, such as ETH, saw continued struggles as market headwinds deteriorated investor mood. Bulls should heighten […]
On Wednesday, tech stocks experienced a decline, causing the Nasdaq to reach its lowest point since October. The Nasdaq fell 1.1%, the S&P 500 decreased by 0.8%, and the Dow Jones Industrial Average dropped 0.7% or 216 points. Stock markets commonly see daily fluctuations. There can be various reasons for changes in stock prices, including […]
Tesla investors are unhappy with Elon Musk and his chaotic Twitter management over the past few months. They are unhappy with his takeover and handling of Twitter, and most question Musk’s leadership and whether it spills over to Tesla. As a result, Tesla’s stocks are down almost 70% in the past year, and as an […]
Porsche enters the German Dax after its recent September 2022 IPO. Porsche AG is a German luxury automotive manufacturer based in Stuttgart, Germany, and is best known for producing high-performance sports cars, SUVs, and sedans. The DAX (Deutscher Aktienindex) is a stock index representing the performance of the 40 most significant and most liquid German […]
Micron issued weak guidance for Q2 after reporting a disappointing first quarter. Matt Bryson of Wedbush Securities shares his thoughts on MU stock. The chipmaker has seen its shares lose approximately 50% in 2022. Micron Technology shares (NASDAQ: MU) traded lower in extended hours following disappointing results from the chipmaker in its financial Q1. The […]
Investing with a long-term perspective means considering a company’s or stock’s long-term growth potential rather than short-term fluctuations in price. This approach can be helpful for investors looking to safeguard their investments against temporary economic declines or market volatility. Microsoft and Advanced Micro Devices (AMD) are reliable growth stocks that have seen price dips during […]
The Bank of Japan recently widened the range in which long-term bond yields can fluctuate due to rising Treasury yields and five straight days of losses in the market. Additionally, U.S. equity futures have slightly decreased as investors attempt to end a four-day losing streak in the stock market. These developments come amid worries about […]
Friday’s session presented a 2-sided performance as the Australian Dollar lost ground against the US Dollar while the New Zealand Dollar showed resilience with a minor gain. Meanwhile, policy divergence between the United States’ hawkish Fed Reserve, more hawkishness by the Reserve Bank of New Zealand, and the Reserve Bank of Australia’s less hawkishness ensured […]
The cryptocurrency market displayed bullishness today. The improved sentiment emerged after the better-than-anticipated United States inflation report. Meanwhile, leading crypto assets contributed to upsides, pushing the global cryptocurrency market capitalization +2.58% higher to $870.28 billion. Also, the overall cryptocurrency market volume increased by 56.97% over the last 24hrs to $52.70 billion. BTC gained 3.44% to […]
2022 wasn’t a lucrative year for the cryptocurrency industry, following massive crashes and bankruptcy filings that restricted growth on any token. Though this year hit digital assets hard, some assets showed resilience, recording notable price moves – better than others. Let’s check the list. Ethereum Classic (ETC) Unlike ETH2.0, which arrived after the ETH merge, […]
Friday witnessed the United States dollar presenting a minor gain against several leading currencies. That followed a hotter-than-anticipated US PP1 (producer price index). Meanwhile, volume remained light as most leading players took the data in stride while bracing for Tuesday’s U.S. consumer price index. The CPI report tends to have more impact than the producer […]
Bank-Fried’s Friday tweet confirmed he’s willing to testify before the United States House Committee on Tuesday next week. Meanwhile, SBF is encountering several investigations associated with FTX’s fall. FTX empire crashed following massive exchange withdrawals following revelations about Alameda, FTX’s sister firm. News about the former FTX chief executive officer Sam Bankman-Fried continues to flood […]
Yesterday saw US equities selling off, with S&P, Nasdaq, and Dow plummeting to crucial support levels. Meanwhile, there’s no Fed speech this week to influence short-term trends. S&P and Dow test higher-low support, but Nasdaq contemplates a massive breakdown after printing a double-top pattern. This article evaluates chart setups and price action. The United States […]
The last two weeks have seen the USD under pressure as the Federal Reserve plans to slow hike pace – a stance that has improved sentiments within the financial markets. So, the USD opened yesterday on a back foot and still dropped over the European session following the release of the latest European PMI figures. […]
