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Egypt’s Surprise Inflation Climb May Push Back Rate Cuts to 2025
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Breadcrumb links BMN Business Egypt appears set to wait until next year to make its first interest rate cut since 2020, as it faces an unexpected acceleration in inflation and fears of a broader conflict in the Middle East. Article writer: Bloomberg News Merit Magdy Posted on October 17, 2024…
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Daily Broad Market Recap – October 16, 2024
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Major currencies and asset classes appear to be taking their cues from their individual catalysts, with UK inflation data and the “Trump trade” taking center stage. Crude Oil saw its usual downward trajectory, although the energy commodity managed to limit its losses in recent sessions compared to the sharp sell-off…
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Phishing Scams Drain Over $41 Million from Victims
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huge $41 million was lost In October so far due to the increasing influx of phishing attacks. Most cryptocurrency phishing scams typically involve users engaging in signing actions through their cryptocurrency wallets, to approve contracts or bind permissions. Creating fake codes that resemble real wallet codes is one of the…
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Phishing Scams Drain Over $41 Million from Victims
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huge $41 million was lost In October so far due to the increasing influx of phishing attacks. Most cryptocurrency phishing scams typically involve users engaging in signing actions through their cryptocurrency wallets, to approve contracts or bind permissions. Creating fake codes that resemble real wallet codes is one of the…
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Defense Ministry trials display drone interception solutions
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Yesterday, the Ministry of Defense conducted experiments in southern Israel in which Israeli startups and veteran defense companies demonstrated technologies and systems for intercepting drones. The trials were held following the deadly Hezbollah drone attack on an Israeli army base near Binyamina. The trials were attended by Defense Minister Yoav…
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Defense Ministry trials display drone interception solutions
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Yesterday, the Ministry of Defense conducted experiments in southern Israel in which Israeli startups and veteran defense companies demonstrated technologies and systems for intercepting drones. The trials were held following the deadly Hezbollah drone attack on an Israeli army base near Binyamina. The trials were attended by Defense Minister Yoav…
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Chart Art: EUR/AUD To Extend Its Months-long Downtrend?
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After a strong start to the month, the EUR/AUD pair has lost its upward momentum and looks set to extend a long-term downtrend. Will the EUR/AUD see losses in the upcoming trading sessions? Check out what’s happening on the 4-hour time frame! EUR/AUD Forex 4 Hours Chart by TradingView If…
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XRP Price Can’t Break $0.5550: Is a Turnaround Coming?
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Ayush Jindal, one of the prominent figures in the world of financial markets, has more than 15 years of brilliant experience in the fields of forex and cryptocurrency trading. Known for his unparalleled proficiency in delivering technical analysis, Ayush is a trusted advisor and top market expert to investors around…
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XRP Price Can’t Break $0.5550: Is a Turnaround Coming?
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Ayush Jindal, one of the prominent figures in the world of financial markets, has more than 15 years of brilliant experience in the fields of forex and cryptocurrency trading. Known for his unparalleled proficiency in delivering technical analysis, Ayush is a trusted advisor and top market expert to investors around…
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Asian Stocks Rise, Chinese Shares Reverse Gains: Markets Wrap
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(Bloomberg) — Stocks rose in Asia after Wall Street closed higher, helped by a shift from giant technology to smaller companies. Chinese stocks erased their gains after a press conference by the finance and housing ministers. Most read from Bloomberg China’s CSI 300 index turned flat after rising 1.3% earlier.…
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Chart Art: Is WTI Crude Oil (USOIL) Ready To Bounce From $70?
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WTI crude oil is taking a break from its weekly losses by being in a key technical support area. Is the black crack ready for an upward swing? We take a closer look at the USOIL 4-hour time frame: WTI (USOIL) 4 hours Chart by TradingView In case you missed…
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$7.5M In Bitcoin, ETH, XRP Powers Trump’s Campaign
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A political action committee supporting former President Donald Trump has raised nearly $7.5 million in cryptocurrency donations since early June, according to a recent filing with the Federal Election Commission. Trump’s joint fundraising committee received 47 contributions in Bitcoin, Ether, and XRP, as well as the stablecoins Tether and USD…
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$7.5M In Bitcoin, ETH, XRP Powers Trump’s Campaign
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A political action committee supporting former President Donald Trump has raised nearly $7.5 million in cryptocurrency donations since early June, according to a recent filing with the Federal Election Commission. Trump’s joint fundraising committee received 47 contributions in Bitcoin, Ether, and XRP, as well as the stablecoins Tether and USD…
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Women battle efforts to sideline them from health care and the AI revolution
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Day 3 of luckThe World’s Most Powerful Women Summit featured a group of female entrepreneurs and other powerful business owners breaking through the obstacles women face at work and at home, as well as the challenges of being a young adult. With more teenage girls experimenting with their looks after…
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Women battle efforts to sideline them from health care and the AI revolution
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Day 3 of luckThe World’s Most Powerful Women Summit featured a group of female entrepreneurs and other powerful business owners breaking through the obstacles women face at work and at home, as well as the challenges of being a young adult. With more teenage girls experimenting with their looks after…
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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Can It Power Toward New Gains?
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This article is also available in Spanish. Bitcoin price rose above the $67,500 resistance area. BTC is now consolidating and may cross the $68,350 resistance level to continue higher. Bitcoin remained stable and extended its gains above the $68,000 area. The price is trading above $67,200 and the 100 hourly…
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Jumia bets on Kenya success to recover from lost markets
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Africa-focused e-commerce retailer Jumia is counting on a turnaround in its operations in Kenya and three other markets to help it regain lost ground from the closure of its businesses in South Africa and Tunisia. The New York Stock Exchange-traded company announced Wednesday that it will close its operations in…
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Shiba Inu Exec Announces Partnership With Finance Company, What This Means For SHIB
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Shiba Inu CEO Lucy SHIB has announced a “game-changing” partnership with Mass Finance. This important development could help enhance Adopt a Shiba Inu And bring new users into the meme ecosystem. Shiba Inu announces game-changing partnership Lucy She announced in X’s post that the Shiba Inu had entered into a…
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IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
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The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK’s fiscal problems. In a previously released section of the *Comptroller* report, the Washington-based organization highlighted the UK and US…