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 […]
Overview European shares started the week with mixed results on Monday, with gains in the mining sector driving the market higher but declines in industrials and Telecom Italia weighing it down. The mining sector showed strong performance as investors placed their bets on a potential recovery in demand for minerals and resources in China. As […]
Regulators in Hong Kong is looking for opinions, especially on whether to enable authorized exchange service provider to serve retail customers and, if so, the regulations to be executed despite the proposed range of tough customer security regulation, which comprises ascertaining suitability in registering customers and asset onboarding. The Securities and Futures Commission, the financial […]
Crypto Launchpads enable new digital asset initiatives to raise money while offering investors and traders first entrée to tokens. In the digital asset universe, combining initiatives may be beneficial. For instance, investors and traders who bought BTC more than ten years ago are now profiting from the rewards of their capitalization. This action is because […]
In contrast to the United States, Britain is currently facing unique economic challenges, including rapidly rising interest rates, inflation, and sluggish development. These challenges can be attributed to the hawkish monetary policy implemented over the past 16 years, resulting in a federal funds rate of 4.8pc. As a result, the growth of the US GDP […]
In a press release, an automated worldwide electronic broker, Interactive Brokers, rolled out a virtual crypto assets exchange in Hong Kong earlier this week; expert investors mentioned that the interactive Brokers platform could exchange ETH and BTC. According to the Hong Kong capital market regulations, investors with at least HKD eight million and organizations with […]
Investing in dividend-paying stocks can be a smart strategy for building long-term wealth. By holding shares in companies that offer regular dividend payments, investors can earn a reliable source of income and benefit from any increases in those payments over time. Recently, two companies that have caught the attention of investors with their generous dividend […]
Airtel Africa is an FTSE 100 stock that has been performing well in the past three years, competing against some of the top players in Africa, including East Africa’s Safaricom and Vodafone. Moreover, the company’s recent Q4 results show promise for the future, making it a potential investment opportunity for those looking to tap into […]
The economic downturn of 2022 was difficult for many businesses and investors. However, as the second month of 2023 approaches its mid-days, there are signs that the downturn may finally be easing. The easing of the downturn has investors excited about the potential of a bull cycle. A bull market is a monetary market characterized […]
Decentralized exchanges are becoming rampant and very common as years go by because of their capability to issue customers a high degree of power over their virtual digital assets and a safer trading space than centralized exchanges. Although, one major restriction of the DEXs is their inability to assist cross-chain and margin exchange. A multi-decentralized […]
The price of natural gas has hit a new low as bears target the last support level at $2. The downward trend began at $6 and gradually declined over two months to reach its current $2.40. This number represents the final line of defense for the asset, and the market is closely watching to see […]
The USD/JPY pair gained momentum in the Wednesday Tokyo session, edging above critical resistance levels. The currency pair has attracted investors with its significant movement toward key support levels, leading to heightened anticipation among market participants. The release of the candidates for the new governor of the Bank of Japan has also generated anxiety as […]
The year 2022 was a wild ride for investors as they navigated the unpredictable economic landscape. Despite initial optimism and growth in the market, the three major indices, NASDAQ, S&P 500, and Dow Jones, all saw their worst performances in over 15 years. The NASDAQ, in particular, had a tumultuous year, experiencing a massive run […]
Adoption of Blockchain-based IDs Phasing Out Physical IDs Security Token Regulation South Korea’s Financial Services Commission (FSC) published new guidelines on Monday stating that FSC will regulate digital securities or blockchain-based tokenized assets according to the capital market rules. The highly anticipated regulations are to institutionalize with the legislators of the country’s National assembly laying […]
Cardano’s bullish rise in the past days Bitcoin prices fallout Impact of the NFP Report on the cryptocurrency Cardano’s Bullish Rise Small coins have gained after the Central banks in Europe, and the UK decided to ease the hiking of high-interest rates. Currencies such as Cardano increased in New York with gains above 2%, extending […]
GSK with Impressive Q4 Results GlaxoSmithKline (GSK) has made headlines with its stunning Q4 results, far exceeding industry predictions. The pharmaceutical giant attributes this success to the booming demand for its highly effective Shingles Vaccine, Shingrix. The innovative vaccine, which has become a game-changer in the market, has propelled GSK to new heights and left […]
The US dollar experienced a rise at the start of the trading week, driven by negative market sentiment and heightened demand for safe-haven assets. However, despite the initial uptick, investors advise caution as the week ahead is packed with key economic indicators. The FED and the European Central Bank are set to make their interest […]
Wall Street closed the week on a high note as corporate and economic data showed signs of decreasing inflation. In addition, the Personal Consumption Expenditures (PCE) index, a key measure of inflation, supported the rally. As a result, the three major indices – the S&P 500, the Dow Jones Industrial Average, & the Nasdaq Composite […]
