Author: Investor Empires
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Dollar gains ahead of Powell testimony; euro stabilizes By Investing.com
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The U.S. dollar rose in early European trading on Tuesday, recovering from a one-month low ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro held firm amid a volatile French political climate. At 04:45 ET (08:45 GMT), the dollar index, which tracks the greenback against a basket…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
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It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
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It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Jerusalem light rail delays pile up
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Delays are piling up in the expansion of Jerusalem’s light rail system. Globes has learned that the Green Line between Mount Scopus and Gilo, which was scheduled to open next year, will now not open until March 2026. And the Red Line extension, originally scheduled to open in July 2023,…
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Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
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Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily Market SummaryCommodities such as crude oil have…
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GOP’s Vision For 2024: Bitcoin Mining And Self-Custody As Catalysts For US Economy
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In a major shift led by Republican lawmakers in the United States, led by former President Donald Trump, Pro-crypto stanceThere is growing support for Bitcoin (BTC) adoption. On Monday, a committee of the Republican National Committee approved a draft of the party’s 2024 platform that includes strong support for the…
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Oil prices hold steady as concerns over hurricane damage ease By Reuters
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By Colleen Howe and Trixie Yap (Reuters) – Oil prices were little changed on Tuesday after a hurricane that hit a major U.S. oil production hub in Texas caused less damage than markets had expected, easing concerns about supply disruptions. Brent crude futures rose four cents to $85.79 a barrel…
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FX option expiries for 9 July 10am New York cut
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There are only two things to really pay attention to on this day, as shown in: wide. Both for EUR/USD are at the 1.0800 and 1.0875 levels. The first level is said to be the most interesting, as it aligns with the major daily moving averages. The technical significance there…
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SOL Bulls Optimistic With Positive Indicators
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Ayush Jindal, one of the most prominent figures in the world of financial markets, has over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Ayush is a trusted advisor and market expert to investors across the globe, guiding them through…
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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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Honda to end vehicle production at one of its Thai auto plants By Reuters
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TOKYO (Reuters) – Honda The Japanese automaker said Tuesday it will stop vehicle production at its plant in Thailand’s Ayutthaya province by 2025 as it plans to consolidate production at the plant it operates in Prachinburi province. The move highlights the increasingly difficult conditions facing Japan’s second-largest automaker in the…
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Dubai Customs launches new blockchain technology to boost trade transparency
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Dubai Customs has launched an advanced blockchain platform with the aim of improving transparency and efficiency in trade operations within Dubai and other countries. The new blockchain platform will enhance Dubai’s business environment by improving supply chain efficiency and contribute to the UAE’s efforts to boost non-oil trade. It is…
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Bonafide 2024 State of Menopause survey: Women want more employer support
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Not only does a lack of workplace accommodations for menopausal employees harm their mental and physical health, it can also harm their careers, according to a new survey of thousands of women experiencing menopausal and perimenopausal symptoms. Women’s healthcare company good well More than 2,000 American women between the ages…
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Asia FX muted as dollar steadies ahead of Powell; yen remains fragile By Investing.com
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Most Asian currencies fell on Tuesday as the dollar found some strength ahead of Federal Reserve Chairman Jerome Powell’s testimony, while the yen remained at 38-year lows. Sentiment towards Asia also remained tense amid ongoing concerns over new European tariffs on imports from China, which could trigger retaliatory measures from…
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Analyst Look at Historical Price Patterns
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Bitcoin is currently down 23% from its all-time high, with most of those losses coming in the past week. The summer crash was expected on the basis that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Coon looked to the Bitcoin Bull Market Support…
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Analyst Look at Historical Price Patterns
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Bitcoin is currently down 23% from its all-time high, with most of those losses coming in the past week. The summer crash was expected on the basis that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Coon looked to the Bitcoin Bull Market Support…
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Court declines to stop new South Sudan cargo charge
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The High Court has refused to issue interim orders suspending the implementation of the directive to impose a fee of $350 (Sh44,878.51 at current exchange rates) on each container of all goods destined for South Sudan. A preservation order maintains the status quo to preserve a matter until the motion…
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Daily Broad Market Recap – July 8, 2024
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Dollar dominance was the name of the game on Monday as riskier assets like gold and crude oil took major hits. What’s moving the markets these days? Here are the updates you need to know: headlines: French early elections It ended with a hung parliament between three opposition parties. Japan’s…
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Crypto Investors Beware! Coinbase Phishing Scam Drains $1.7M
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The cryptocurrency community is sounding the alarm over an ongoing scam targeting investors after scammers impersonating cryptocurrency exchange Coinbase managed to drain nearly $2 million over the weekend. The scam is said to be linked to the 2022 CoinTracker security breach. $1.7 million withdrawn from Ledger wallet On Monday, Edge…