EQUITIES GLOBAL - World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate cuts later this year. MSCI's gauge of stocks across the globe EURONEXT:IACWI rose 0.60% to 811.63 For a full report, click on - - - - NEW YORK - The S&P 500 index and technology-laden...
A number of Mt Gox wallets were involved in two transactions over the last few hours ahead of the pending repayments of $9 billion of bitcoin. The transactions involved three wallets previously associated with the collapsed exchange, according to Arkham Intelligence. The largest movement was for $24 of bitcoin. When the Mt Gox funds were last moved with...
U.S. sanctions spur central banks' move towards gold -analyst U.S. nonfarm payrolls report due on Friday Palladium hit its highest since mid-April on Wednesday Gold prices were little changed on Thursday near a two-week high after softer-than-expected U.S. economic data spurred hopes of interest rate cuts as early as September and focus shifting to non-farm...
U.S. sanctions spur central banks' move towards gold -analyst U.S. nonfarm payrolls report due on Friday Palladium hit its highest since mid-April on Wednesday Gold prices were little changed on Thursday near a two-week high after softer-than-expected U.S. economic data spurred hopes of interest rate cuts as early as September and focus shifting to non-farm...
EUR recently gave up elections & UK having elections coming up! Market can go wild ride!
Solana’s SOLUSD price has good things ahead of it since the altcoin has been performing well for the past two weeks. The investors are also betting on a price rise, which is evident in the funding rate, as they aim beyond $150. Solana Sees Positive Cues Solana’s price benefits from the broader marker bullish cues, which is evident in the Relative Strength...
Peter Thiel’s Founders Fund co-leads $85 million seed round for open-source AI platform Sentient Sentient, an open-source artificial intelligence development platform with Polygon co-founder Sandeep Nailwal as one of its core contributors, has raised $85 million in a seed funding round. Peter Thiel's Founders Fund, Pantera Capital and Framework Ventures co-led...
Subdued physical demand shows signs of recovery Platinum group metals rise as focus on EVs weakens US non-farm payrolls due on Friday US job openings rose to 8.14 million in May Gold prices edged lower on Tuesday as Treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to U.S. jobs data due later...
Fed's Powell says "significant progress" made on inflation U.S. job openings rise in May -JOLTS report ECB's Lagarde says euro zone is advanced on disinflation path The dollar slipped on Tuesday in choppy trading after Federal Chair Jerome Powell struck a slightly dovish tone in his comments, suggesting that the U.S. central bank is more than likely to start its...
Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the market approaches several key economic...
Global stocks were flat while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a continuing tight labor market as well as prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell. The Fed still needs more data before cutting interest rates to ensure recent weaker inflation readings properly reflect underlying...
U.S. STOCKS SEE GAINS FIZZLE, BUT NOT WITHOUT FIRST-HALF FIREWORKS The main U.S. stock indexes ended lower on Friday after an early rally ran out of gas as investors digested in-line inflation data. Earlier in the session, the S&P 500 SPX , Nasdaq Composite IXIC , Nasdaq 100 NDX , the FANG index N NYFANG , S&P 100 (.OEX), Russell 1000 RUI , and S&P 1500...
While traders normally look for a trend or a breakout pattern, a sideways range-trade can be just as profitable – potentially – as well as easy to control with noted areas of resistance and support. The daily Gold chart is currently showing a well-defined range that has held since early-April and this looks set to hold if both support and resistance remain in...
SILVER Q3 TECHNICAL ANALYSIS Over the last two months, Gold has been stuck in a well-defined daily range with neither buyers or sellers able to take control of price action. The daily Silver chart is different with a five-month series of higher-lows and higher-highs still in place, suggesting higher prices in the weeks ahead. Gold’s range and Silver’s trend both...
USOIL Bouncing around Demand Zone! possible upwards move!
The Canadian dollar strengthened against its U.S. counterpart on Friday as domestic data showed the economy growing in both April and May, but the currency still posted its second straight quarterly decline. The loonie USDCAD was trading 0.3% higher at 1.3665 to the U.S. dollar, or 73.18 U.S. cents, regaining some ground after it earlier touched its weakest...
The Standard & Poor's 500 edged down for its first weekly loss since late May, though the index rose almost 15% in the first half of 2024. The S&P 500 ended Friday's session at 5,460.48, down slightly from last week's closing level of 5,464.62. With this being the only week the market benchmark has been in the red this month, it still logged a 3.5% increase for...
GBP/USD has exhibited significant volatility in the second quarter, yet it is concluding June near its April 1st opening level. Sterling experienced appreciation against various currencies in late April, but this momentum has subsided as the UK election approaches. Over the past month, the US dollar has been a key driver of GBP/USD movement, with the Federal...