Author: Investor Empires
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RBA Kept Its Rates At 4.35% And Highlighted Increased Inflation Risks
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As expected, the Reserve Bank of Australia (RBA) kept official interest rates at 4.35% for the sixth consecutive meeting in June. In its official statement, the Reserve Bank of Australia acknowledged that economic and wage growth had weakened, and that the unemployment rate had risen since its meeting in May.…
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Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback
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Bitcoin (BTC), the largest cryptocurrency on the market, has once again taken the lead in the cryptocurrency scene. However, this time it comes amid a sense of caution among investors due to macroeconomic data, especially from the United States. Additionally, the resulting outflow is over $600 million from the primary…
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Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback
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Bitcoin (BTC), the largest cryptocurrency on the market, has once again taken the lead in the cryptocurrency scene. However, this time it comes amid a sense of caution among investors due to macroeconomic data, especially from the United States. Additionally, the resulting outflow is over $600 million from the primary…
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Insurance firms swamped by surge in floods damage claims
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Widespread flooding that hit Kenya in March and April left insurers struggling to meet claims worth Sh3.1 billion, as the effects of climate change became a major risk to insurers. Latest data from the Insurance Regulatory Authority (IRA) indicates that insurance companies settled Sh147.3 million or less than 5.0 percent…
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Crude Oil Technical Analysis – We are back at the key 80 resistance
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Basic overview Crude oil reversed all its losses from the last week of May, when the market fell, despite OPEC+ extending voluntary production cuts, with the price falling out of a full month’s range. It is possible that the decline was purely technical, as downward momentum increased after the breakout.…
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Malaysia’s “Ops Token” Crackdown: Uncovering Crypto Tax Evasion
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In an important step to combat tax evasion in the fast-growing cryptocurrency sector, the Inland Revenue Board (IRB) of Malaysia, in collaboration with the Royal Malaysian Police and CyberSecurity Malaysia (CSM), has… A special operation was launched It has the code name “Ops Token”. This coordinated effort aims to detect…
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Chinese House Prices Plunge at Fastest Rate in a Decade
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Chinese property prices fell last month at their fastest rate in a decade, raising concerns about the stability of the world’s second-largest economy. According to the National Bureau of Statistics, new home prices fell by 0.7% month-on-month in May, the largest monthly decline since October 2014. The decline marks the…
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London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
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(Reuters) – London shares opened higher on Tuesday, as investors awaited key domestic inflation data and the Bank of England’s policy decision, while losses in… Ashtead Group (LON:) Gains capped. The leading stock rose 0.5% to 8,181.64 points by 7:06 GMT, while the average stock rose 0.6%. The index has…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Dollar edges up as traders await Fed rate cut clues By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar rose on Tuesday as traders looked to the key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts. The index, which measures the currency against the euro, pound, yen…
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Almost $500M in Liquidations as Bitcoin (BTC) Dumped to $64K and Alts Bled Out
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Bitcoin faced a lot of volatility on Monday, especially overnight, and fell to a new monthly high of $64,000. Altcoin volatility was similar, with several massive declines, devastating 190,000 traders on a daily basis. The underlying digital asset had a quiet weekend spending around $66,000. The start of Monday was…
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Gilat to acquire US co Stellar Blu for $245m
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Israeli company Gilat Satellite Networks Limited (Nasdaq: doctrine; level:doctrine) announced the signing of a definitive agreement to acquire San Diego-based in-flight Internet company Stellar Blu. Gilat will pay $98 million upon closing of the deal and another $147 million subject to commercial and financial milestones. Gilat already provides solutions in…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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New South Korean Crypto Law To Review 600 Listed Assets
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South Korea will implement its first user protection cryptocurrency law on July 19. As a result, the South Korean financial authority has notified nearly 30 registered exchanges to review more than 600 cryptocurrencies listed on them. Under the new law, companies that do not comply may face severe criminal penalties.…
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New South Korean Crypto Law To Review 600 Listed Assets
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South Korea will implement its first user protection cryptocurrency law on July 19. As a result, the South Korean financial authority has notified nearly 30 registered exchanges to review more than 600 cryptocurrencies listed on them. Under the new law, companies that do not comply may face severe criminal penalties.…
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Ukraine’s debt woes during wartime By Reuters
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Written by Rodrigo Campos NEW YORK (Reuters) – Ukraine has suffered a setback in its quest to complete the outlines of a debt restructuring before a two-year payment freeze agreed to by private holders of about $20 billion in Eurobonds maturing expires at the end of August. The government announced…
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Q4 Momentum and AI Leadership Fuel Optimism By Investing.com
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In a series of recent investor meetings in the US, Infosys’ CFO and Controller shared upbeat updates on the company’s progress and future prospects. According to Bank of America, Infosys (NS:) is going well through 1QFY24, thanks to the ramp-up of several key deals that started in March. Despite the…
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Is a Double Bottom Pattern Emerging?
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Ethereum price fell again and retested the $3,365 support area. ETH could start a new surge towards $3,700 if it remains above $3,365. Ethereum is still holding the key support area of $3,365. The price is trading below the $3,550 level and the 100 hourly simple moving average. There is…