On Thursday, European shares closed the day higher, as there was a rise in tech and oil stocks. But, gains were capped due to rising concerns about a potential economic recession brought on by an energy crisis. Stocks The continent-wide STOXX 600 index recorded gains of 0.3%. There was a 1.2% rise in energy shares […]
On Thursday, Asia-Pacific markets were trading mostly higher ahead of the economic symposium in Jackson Hole in the United States. A typhoon warning had seen trading in Hong Kong halted, but it resumed in afternoon trading. Markets trading higher There was a 3.63% gain recorded in the Hang Seng index in Hong Kong, as it […]
It had been a while since the trading value of the greenback had been moving higher against the EUR. The trading value of the USD had hit a two-decade high for the first time against the euro. USD Price Edged Unfortunately, the bullish trend for the USD ended as its value started falling lower against […]
On Wednesday, European shares ended the day on gains, thanks to a rise in defensive stocks, even though the gains were kept in check by a gloomy growth outlook and a looming gas crisis. Index rises There was a 0.2% rise in the continent-wide STOXX 600 index, as it finally ended a losing streak of […]
On Tuesday, Asia-Pacific markets were trading lower, after the major indexes on Wall Street ended their worst day since June because of increasing rate hike worries. Asian markets lower The Hang Seng index in Hong Kong recorded a drop of 0.78% in the last hour of trading. There was a 0.404% drop in the Shenzhen […]
On Monday, the shares in the Asia-Pacific markets were trading mostly lower, as there was a re-emergence of concerns about the aggressive hikes from the US Fed. But, there was a rise in Chinese markets, after the country’s central bank reduced its benchmark lending rates. Asian markets The Hang Seng index in Hong Kong saw […]
After the trading bell on Thursday, there was a 35% drop in the shares of meme stock Bed Bath & Beyond, as billionaire investor Ryan Cohen decided to exit the struggling retailer of home goods. This month had seen meme stocks record a stunning rally, but the investor decided to sell his stake in Bed […]
Rivian officials have just made a public announcement, which is more like a public bomb about the discontinuation of its cheapest electric vehicle truck. The company has announced that it has discontinued the production of the R1S SUV and R1T pickup truck’s Explore Package. This is a clear confirmation that it will not be manufacturing […]
It has been a while since the trading value of gold has not been performing well against the dollar. The dollar’s price seems to be gaining strength versus the yellow metal and the trend appears to be bearish. Gold’s Prolonged Bearish Trend Since the beginning of the running week, the value of gold has been […]
On Tuesday, a new report disclosed that Alex Mashinsky, the Israeli-American chief executive and founder of Celsius Network, was the one behind the trading strategy of the lending platform. According to several people familiar with the matter, the CEO had sold bitcoin worth millions of dollars in anticipation of buying it for a cheaper price. […]
A cryptocurrency investment platform called Bluebenx suspended its withdrawal services in the previous week. The Brazilian company was forced to do so after an alleged hack that saw it suffer losses of about $31 million. The announcement dictated that withdrawals would be suspended for at least six months. Back in January, the Brazilian Securities and […]
Referred to as Union Bank, the Union Bank of Philippines, announced recently that it is introducing yet another crypto service for its customers. According to the financial institution, a select few users of its mobile app would be given the facility of exchanging bitcoin and other digital currencies, without requiring a separate wallet for this […]
On Monday, UK’s FTSE 100’s index climbed, as drugmaker AstraZeneca recorded gains, as did consumer stocks. This relieved the pressure on the index from oil and mining heavyweights, after data showed that there was an unexpected slowdown in the Chinese economy last month. UK data There was a 0.2% gain in the blue-chip FTSE 100 […]
On the Thursday forex trading session, the prices of the Asian currencies seem to have taken a fall. The data shows that the fall is due to the announcement made by the US Feds surrounding the interest rates. The US Feds Want to Hike Interest Rates The US Federal Reserve announced on Thursday that they […]
The recent data surrounding the GBP/USD pair shows that it has been trying hard to resist the downtrend. The data suggests that the pair has been facing a negative trend for the past few days. The downtrend continued for two days, but the buyers tried resisting it, and even the recent inaction was not able […]
For the past couple of days, the trading value of the EUR/USD pair has been moving in the bearish zone. It seems that the two-day bearish momentum may get extended. The Tuesday trading session has also witnessed a downward movement for the EUR/USD pair. The price of the pair has continued moving in downward momentum. […]
The trading value of the US dollar is currently moving lower. The latest trading session shows that the trading value of the USD was slightly in the negative zone. A day prior to the latest trading session, the trading value of the USD had experienced a 1% dip. USD Value Slipped Due to Inflation A […]
For some time, the trading price of the EUR/USD pair had been rising significantly. The USD was not able to gain much momentum against the EUR. However, things have started to change for the pair, and the EUR has lost its strength against the USD. EUR/USD Pair is losing its Traction The price chart shows […]
Bitcoin Could Not Get Past $24k Bitcoin has reportedly ended the month of July mainly experiencing greens. The price of Bitcoin continued moving in the upward direction. Since February of 2022, Bitcoin had not been able to climb higher at a significant rate. However, the price of Bitcoin had finally started showing signs of retracement […]
On Tuesday, the trading price of the Philippine peso fell tremendously. Its value ended up experiencing the worst downward movement compared to the rest of the fiat currencies on Tuesday. The reason why the Philippine peso performed worse than its Asian peers was due to below-expectation GDP growth. Philippine’s GP growth was not as much […]
