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 […]
The trading price of the EUR/USD pair has improved tremendously in recent trading sessions. The data suggests that it is currently trading near the 1.0200 benchmarks. Euro Gains Momentum after Posting Eurozone Sentix Data The data surrounding the Eurozone Sentix was recently posted, showing that it has improved in the month of August. A downtrend […]
The trading value of Optimism (OP) has been undergoing significant growth in the past 30-days. Since the start of July, the trading value of Optimism has continued surging, which is due to its connection with Ethereum. Almost 300% Rally Recorded by Optimism The trading price of Optimism has experienced an almost 300% rally in the […]
On Tuesday, US stock indexes were set for a lower opening over concerns that tensions between the United States and China could worsen because of a visit of US House Speaker, Nancy Pelosi, to Taiwan. Shares fall The financial markets have already been under a lot of pressure because of the fallout from rising inflation, […]
On Monday, US stocks saw their three-day winning streak come to an end and crude prices recorded declines. This was after economic data from China, Europe, and the United States showed that demand had weakened significantly due to inflation pressures. Risk appetite remained low because of the looming possibility of the economy sliding into recession. […]
On Thursday, a day after Meta released its corporate earnings for the second quarter and ended up missing its bottom and top lines, the company’s shares saw a 5% drop in the market. Revenue decline There was almost a 1% drop in Meta’s revenue, as opposed to a year earlier, and the company’s share price […]
On Thursday, Pfizer Inc. reported its quarterly results but did not change the sales forecast for the year of its COVID-19 antiviral treatment and vaccine. This saw the company’s shares record losses of 5% before they managed to trim some of them. Pfizer report Even though the sales of Pfizer’s Paxlovid antiviral pills for the […]
On Thursday, US stock indexes rallied, while Treasury yields declined for the third consecutive day, as investors were weighing data showing a decline in the US economy for the second quarter in a row, a day after the US Federal Reserve hiked the interest rate. Dollar movements and data Along with Treasury yields declining, the […]
On Thursday, solar stocks rose after Senator Joe Manchin and Chuck Schumer, the Senate Majority Leader, announced that they had reached a deal on climate spending. The said deal is the most ambitious package on climate spending to be seen in the history of the United States. Big relief There is an amount of $369 […]
On Wednesday, European shares came close to seven-week highs, thanks to a series of strong earnings results from companies. This included Smurfit Kappa from Britain and Russian-exposed lending company UniCredit, which helped give some comfort in an uncertain and bleak environment. Shares rise The pan-European STOXX 600 index rose 0.5% for the day, with a […]
On Tuesday, Shopify announced that it was going to reduce its global workforce by 10%, which means it would lay off about 1,000 workers. The shares of the company plunged 14% after the announcement. Laying off workforce The chief executive of Shopify, Tobi Lutke, sent a memo to the staff in which he acknowledge that […]
On Tuesday, there was a gain of as much as 6.5% in the Hong-Kong listed shares of Alibaba, after the announcement of the Chinese tech giant about pursuing a dual primary listing. However, it ended up trimming some of the gains, as the stock had risen by 4.82% by the end of the trading session. […]
On Monday, London’s benchmark FTSE 100 index climbed, thanks to commodities and bank stocks in a trading session that was very choppy. This was after data showed that there was a slowdown in the industrial output in Britain, but there were tentative indications that price pressures were coming down from their peak. Index rises There […]
On Friday, a gauge of world stocks recorded declines to end the week lower, after having recorded gains for five sessions in a row. Meanwhile, the US dollar also declined against a basket of major currencies because the US business activity data turned out soft. Heavy declines Early trading had seen modest losses on Wall […]
Bitcoin surprised crypto funs the previous week as the bellwether crypto embarked on uptrends, surging 22%. That saw altcoins rising, and Ethereum led the bullish journey. The second-largest crypto revived from month-long lows to $1,630, following a remarkable 55% upswing. Like ETH, Cardano’s ADA rebounded from below its range lows. Nevertheless, ADA could not overcome […]
