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 […]
ETH attempts minor upticks towards the barrier of $1.2K. The price wavers under $1.2K and the 1hr 100-Simple Moving Average. Kraken data shows a break above a crucial bearish line with $1,195 resistance on the 1hr chart. ETH/USD remains susceptible to massive dips to $1.1K or even $1K. Ethereum continues its bearish narratives under the […]
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 […]
JP Crypto Review JP Crypto is a modern cryptocurrency broker operating online. It is great and comes packed with all of the vital parts that are required for a successful business in investing in online trading items such as stocks, cryptocurrency, and so on. In this JP Crypto review, I will share with you my […]
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. […]
RSI is among the effective trading indicators that experienced & newbie traders use. Why is the Relative Strength Index so popular? Well, its simplicity of design could make it easy to familiarize yourself with its application. Another impressive thing about RSI is it supports various trading approaches, and investors can use it with other indicators. […]
It is somewhat of a GBP-USD day. The market does not have the United Kingdom’s economy to ponder today. Meanwhile, the attention has remained on the Federal Reserve following GBP-USD’s Thursday $1.23 return. The currency has never explored the value since June. Though hawkish bets place the sterling at the $1.25 mark into 2023, massive […]
The new British government is characterized by its severance to caution when it comes to its economic administration and its readiness to devote itself to performing just causes, regardless of the financial toll on the political sector. As its precursor, Liz Truss, in September, decided to divide Britain’s economic organization, and the event exposed enormous […]
