Author: Investor Empires
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Morgan Stanley says market focusing on softening growth By Investing.com
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Year-to-date macroeconomic data has shown signs of weakness, leading to weakness in low-quality, economically sensitive market sectors, while a narrow group of large-cap stocks have driven performance. According to strategists at Morgan Stanley, this indicates that the market “is becoming more focused on slowing growth and less focused on inflation…
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South African rand weakens, focus on cabinet announcement By Reuters
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JOHANNESBURG (Reuters) – The South African rand fell in early trade on Monday, as markets awaited the announcement of President Cyril Ramaphosa’s government after the African National Congress lost its parliamentary majority in last month’s elections, the first time in 30 years. At 0556 GMT, the rand was trading at…
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Nigeria gives VASPs 30-day ultimatum to comply with new rules
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Nigerian regulators are mandating that Virtual Asset Service Providers (VASPs) update their applications within 30 days to comply with new rules on digital asset issuance, platform offering, exchange and custody. Nigeria updates crypto regulations The Nigerian Securities and Exchange Commission (SEC) has announced plans to formally update regulations for important…
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Nigeria gives VASPs 30-day ultimatum to comply with new rules
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Nigerian regulators are mandating that Virtual Asset Service Providers (VASPs) update their applications within 30 days to comply with new rules on digital asset issuance, platform offering, exchange and custody. Nigeria updates crypto regulations The Nigerian Securities and Exchange Commission (SEC) has announced plans to formally update regulations for important…
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Bitcoin Extends Drop After One of Crypto’s Worst Weeks of 2024
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(Bloomberg) — Losses are piling up in the cryptocurrency market after its second-worst weekly decline in 2024, a reflection of slowing demand for bitcoin exchange-traded funds and uncertainty over monetary policy. Most read from Bloomberg A measure of the 100 largest digital assets fell about 5% in the seven days…
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USD/JPY in the spotlight as yen-tervention is in focus
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USD/JPY daily chart This may be a quieter start to the new week, but this is the week to watch as events can speed up. After the intervention in late April, the spotlight is now back on Japanese officials. Will they intervene at 160.00 again? Or will they lower the…
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Bitcoin (BTC) Price Dumps Toward $62K, Liquidating Over 60,000 Traders
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Monday started off on the wrong foot for Bitcoin and the entire cryptocurrency market, as the underlying digital asset fell from over $64,000 to a new multi-week low of under $62,500. Although liquidations on a daily scale are still relatively low at just over $130 million, the total amount of…
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AI adds $30-$40 to Apple’s stock price – Dan Ives (NASDAQ:AAPL)
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It is diluted 21 Dan Ives, a technology analyst at Wedbush, once again emphasized that Apple will dominate how consumers use and experience artificial intelligence. Eves, Apple (Nasdaq: Apple) Taurus, tweeted on Sunday, “We think the Street is starting to realize that with Apple Intelligence on the doorstep, Cupertino will…
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UBS neutral on EM stocks, but likes tech By Investing.com
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Investing.com — UBS said it was largely neutral on broader emerging market stocks amid heightened political volatility and limited upside potential from higher U.S. interest rates. But the brokerage firm said it prefers technology stocks in emerging markets, noting that the sector has largely outperformed its counterparts in emerging markets…
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Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?
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Bitcoin price dynamics took a major turn as the $64,515 support level, which was previously a crucial basis, turned into massive resistance after being breached. This pivotal change underscores the shift in market sentiment, with traders now watching closely to see if Bitcoin can regain this level. Facing more downward…
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Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?
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Bitcoin price dynamics took a major turn as the $64,515 support level, which was previously a crucial basis, turned into massive resistance after being breached. This pivotal change underscores the shift in market sentiment, with traders now watching closely to see if Bitcoin can regain this level. Facing more downward…
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The best time of day to exercise, according to science
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Claire Zuelke, a 44-year-old freelance writer from the Chicago area, has an established morning routine: She takes her kids to school, turns the TV on to a favorite show, and gets moving with a full-body workout. Once finished, Zulkey showers and settles down to work. In contrast, Megan Coley spends…
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Asia FX weak amid dollar strength; yen on intervention watch By Investing.com
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Investing.com — Asian currencies were mostly fragile on Monday, with the dollar holding near two-month highs, while a weak Japanese yen sparked caution about potential intervention measures by Tokyo. Sentiment towards regional markets also declined due to fears of a trade war between China and the European Union, after Chinese…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Ovarian insufficiency: When ovaries take an early retirement
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Female reproductive capacity depends on the complex and well-designed developmental maturation of the ovaries at puberty. It is defined as the period in which secondary sexual characteristics are observed including breast development, growth of pubic and armpit hair, and the onset of menstruation. This process is characterized by cyclic hormonal…
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Week Ahead in FX (June 24 – 28): The Fed’s Preferred Inflation Measure & Global Inflation Updates
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Traders await a relatively less busy economic calendar with inflation updates from Japan, Canada and Australia taking the spotlight. Meanwhile, the US core PCE price index, the final GDP reading, and speeches from several FOMC members could encourage volatility between major dollar pairs. Before all that, ICYMI, I wrote a…
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Lido DAO price gains amid market-wide dips
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read DAO(I am doing) recorded a significant price increase this week, outperforming both Bitcoin (BTC) and Ethereum (ETH). However, technical analysis of the symbol shows rising downward pressure. LDO price is up 11.6% in the past 14 days. If the Lido DAO price chart on Trading View is any indication,…
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Lido DAO price gains amid market-wide dips
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read DAO(I am doing) recorded a significant price increase this week, outperforming both Bitcoin (BTC) and Ethereum (ETH). However, technical analysis of the symbol shows rising downward pressure. LDO price is up 11.6% in the past 14 days. If the Lido DAO price chart on Trading View is any indication,…
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Government Borrowing in May Reaches Post-Covid Peak
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Government borrowing rose in May to £15bn, the highest level since the Covid-19 pandemic, but still below expectations from the Office for Budget Responsibility (OBR). This figure was £800 million higher than in May last year, but £600 million lower than the Office for Budget Responsibility had predicted. As the…