The Belgium government has mandated that every firm offering crypto advertisements should register with it before launching any campaign. Henceforth, any crypto advertisement without the government’s backing would be treated as an offense with heavy consequences. According to the report, the Financial Services and Markets Authority (FSMA) of Belgium recently announced that every potential crypto […]
It has just been confirmed that BTC has experienced the most extensive profit-taking activity since the last quarter of 2020. This information was obtained from data released by Santiment, an on-chain data analytics company. The released data also states that the profit-to-loss volume of the day-to-day ratio on on-chain transactions was one of the major […]
The former finance minister of Belgium, Johan Van Overtveldt, reportedly suggested that any country that bans drugs should also ban crypto assets. According to reports, he made the statement during the recently concluded European Parliament meeting. During the meeting, the parliament was reportedly deliberating on the effect the recent collapse of three crypto-friendly banks, Silvergate […]
The FTSE 250 index companies are often viewed as mid-cap and small-cap firms focused on growth rather than paying high dividends. As a result, FTSE 250 stocks are not typically popular among investors who prioritize yield. However, there are exceptions to this trend. For instance, one FTSE 250 stock is currently yielding 6.1%, considerably higher […]
On Friday, the California banking industry regulators announced their decision to close down Silicon Valley Bank, also known as SVP Financial Group. The swift action taken by the regulators has left many industry experts stunned, as this is considered the biggest bank failure since the 2008 financial crisis that caused the banking sector to shed […]
Despite some economic data being released yesterday, it didn’t impact the market much. However, traders eagerly anticipated today’s release of the Non-Farm Payroll (NFP) data, with investors expecting high employment rates. Mixed tones were vibrant across the market, with the USD dropping and equities softening. In addition, the bond market experienced heavy fluctuations. European yields […]
A former lawyer and co-founder of Evernote, Scott Chamberlain, an attractive agreement platform on XRPL, provided his perspective on the latest SEC vs. Ripple case updates. He thinks the probability of the case being resolved through a trial has risen. Chamberlain justified his opinion by pointing out that the conflicting analyst testimony presented in yesterday’s […]
Summary The S&P 500 index moved toward progress on Monday, closing slightly higher than the session low. Treasury yields increased as investors brace for the week’s testimony from Jerome Powell and Tuesday’s NFP reports. Earlier, the indices looked stronger, with the Nasdaq increasing by 1% before gradually losing all gains. Its biggest boost came from […]
In 2022, despite a housing downturn and rising inflation, Rightmove experienced a 10% growth in earnings. As a member of the FTSE 100, Rightmove presents an attractive opportunity for investors. The company’s financials are healthy and may soon return cash to shareholders. Despite a 30% drop in share prices, analysts believe Rightmove’s business is strong […]
The precious metals market is staging a rally off oversold positions even as traders retain skittish sentiments over the rate hikes. Fed officials suggest they favor additional rate hikes, while inflation data shows that a slowdown is still far off. So even though the Fed lowered the interest rates in Feb, most policymakers suggest a […]
Controversial uproars have continued to rise ever since the plummet of Silvergate. This event happened after a bold reaction from a short seller, Marc Cohodes, who shared photos of the recently vacated Silvergate headquarters on Friday afternoon. While addressing the Block, he also added that Silvergate CEO Alan Lane should be arrested and claimed that […]
The EUR/USD Exchange Rate Is Declining The EUR/USD exchange rate experienced a significant decline on Thursday, falling below 1.0650 after a strong performance on Wednesday. This sudden shift has left the pair fragile, and analysts predict that additional losses may be on the horizon. The root cause of this decline can be traced back to […]
Stocks Struggle as Inflation Concerns Rise On Wednesday, the S&P 500 struggled to recover from February’s slump as it dipped by 0.57%, indicating a lack of confidence among investors. Similarly, the Dow Jones Industrial Average dropped by 0.17%, while the Nasdaq Composite fell by 0.73%. One of the primary reasons behind this downward trend is […]
Goldman Sachs to Release Medium-Term Financial Goals On Tuesday, Goldman Sachs Group Inc, one of the world’s leading investment banks, announced that it would release its medium-term financial goals to investors. In addition, the company’s top executives are gearing up for the second investor day in 154 years, where they will provide an update on […]
German stocks had a positive close on Monday, with the DAX rising by 1.13%. Gains in the food and beverages, telecoms, and industrials sectors largely drove this. As a result, the MDAX saw a rise of 0.95%, while the Tedax gained 1.03%. This positive performance was likely due to several factors, including positive economic indicators […]
In forex trading, leading and lagging indicators analyze the market and make informed decisions about when to enter or exit a trade. In addition, leading indicators are often used to identify potential trend reversals or momentum shifts in the market. On the other hand, lagging indicators are used to confirm a trend or market direction […]
India’s finance minister announced that members promote India’s decision that the innovation behind virtual digital assets could be important for several reasons. Nirmala Sitharaman, India’s Finance minister and the reserve bank of India, addressed a press conference at the end of the G20 finance ministers’ and Central Bank governors’ gathering outside of Bengaluru. The nation’s […]
USD/CAD Under Heavy Selling Pressure On Thursday, the USD/CAD currency pair experienced heavy selling pressure and showed no signs of improvement until the end of the North American session. Currently, the pair is trading at 1.3530, which represents a decline of 0.20% from Wednesday’s close. Despite this decline, the pair still holds its head above […]
Baidu, the Easter Asia search giant, experienced a surge in its stock price on Wednesday, increasing by more than 7% to reach $151.20. The reason for this uptick was Baidu’s impressive sales and profit figures, which surpassed analyst expectations. The company’s figures exceeded the consensus by an impressive $169.9 million. These numbers are great news […]
Gold Volatility and Market Sentiment Amid Uncertain Economic Recovery The XAU/USD (gold/US dollar) pair has attempted to break and consolidate above the $1838 level. Still, traders are currently nervous as they await the release of the FOMC (Federal Open Market Committee) minutes on Wednesday. This uncertainty has led to some volatility contraction, with traders hesitant […]
