Category: Eyes
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Dogecoin Price (DOGE) Eyes Impressive Gains: Will It Break Through?
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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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All eyes turn to the Fed’s preferred measure of inflation next
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US Core PCE Price Index YoY (%) Broader markets are looking for a respite today, and if they are to continue, they will need the next major US inflation indicator to play its part. So far, risk trades are feeling some relief today after a tough week. But can they…
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State eyes Sh20bn cut in equitable revenue share for counties
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The government is targeting to deduct Sh20.12 billion from the funds allocated to counties as a fair share of revenue collected nationally in the current financial year following the rejection of the 2024 Finance Bill. The planned reduction involves a proposed amendment to the Revenue Sharing Act 2024, which will…
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Cosmos Set For 50% Rally After Recent Plunge, Analyst Eyes $12
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The cryptocurrency market is brimming with hope due to the recent surge in Bitcoin and Ethereum ETF Launched Today is expected to create a positive wave. In this noisy environment, Cosmos (ATOM) is one of the cryptocurrencies that shows great potential for a major breakout. Related reading Although ATOM has…
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Freeport McMoran eyes $7.5B expansion of El Abra copper mine in Chile (NYSE:FCX)
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SimoneN/iStock via Getty Images Freeport McMoRanNYSE: FXX) Plan for Spent about $7.5 billion to expand the copper mine in Abra A project in Chile is expected to take seven to eight years to develop due to permitting requirements, Sonnet Chief Executive Kathleen Quirk said Tuesday, according to Reuters. In profits…
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Citi maintains buy on Micron stock, eyes Samsung move By Investing.com
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On Monday, Citi reiterated its buy rating on Micron Technology (NASDAQ:) with a $175.00 price target. The firm expressed concerns that the stock could face short-term pressure. The focal point of these concerns is the expectation that Samsung (KS:) will qualify for its high rating. Bandwidth (NASDAQ:) Memory (HBM) with…
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XRP Price Eyes Upside Break: Will The Gains Keep Rolling?
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XRP price started rising from the $0.540 area. The price is now rising and targeting an upside breakout above the $0.600 resistance area. XRP price started a fresh rally above the $0.580 area. The price is now trading above the 0.580 level and the 100-hour simple moving average. There is…
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XRP Price Eyes Upside Break: Will The Gains Keep Rolling?
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XRP price started rising from the $0.540 area. The price is now rising and targeting an upside breakout above the $0.600 resistance area. XRP price started a fresh rally above the $0.580 area. The price is now trading above the 0.580 level and the 100-hour simple moving average. There is…
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Bitcoin eyes $67k amid CrowdStrike outage debacle
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As traditional systems raced to resolve the CrowdStrike outage, the value of Bitcoin and the cryptocurrency market soared. Decentralized technology proved itself once again on Friday, as a global IT outage disrupted banking, media, travel and a range of everyday operations. Web3 markets have boomed as Web2 activity has slowed…
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Westwater secures offtake agreement, eyes debt financing By Investing.com
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Westwater Resources Inc. (NYSE American: NYSE:) has announced a significant milestone in its latest earnings call, securing a second multi-year offtake agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis (NYSE:) Group, for the sale of Coated Spherical Purified Graphite (CSPG) from its Kellyton Graphite Plant. This agreement ensures that…
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ICYMI – Fed’s Beige Book eyes growth slowing, consumers tightening belts
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From the ForexLive Dictionary: The Beige Book is a report published by the Federal Reserve eight times a year that provides an overview of economic conditions in each of the 12 districts monitored by the Federal Reserve. The report is prepared using information from the Fed’s business contacts, economists, and…
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US retail sales gains more attention as Japan eyes big data to intervene
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The latest yen intervention effort is an out-of-the-ordinary move as Japan appears to be trying out a new strategy. It is relying on weaker US data to push the USD/JPY pair down in particular. Previous: Bank of Japan data suggests Japan also intervened in the foreign exchange market on July…
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Wall Street eyes Walmart’s strategic moves By Investing.com
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About the company Walmart Inc. (NYSE:), a leading global retailer, operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company has evolved into a leading player in the retail industry, known for its low prices and broad range of products and services. With a strong consumer-centric culture…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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China’s Ping An eyes up to $5 billion convertible bond, sources say By Reuters
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By Scott Murdoch (Reuters) – China’s Ping An Insurance Co Ltd is considering issuing convertible bonds worth up to $5 billion, people familiar with the matter said. One of the sources said the bonds could raise between $2 billion and $5 billion, and the two sources added that an agreement…
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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
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Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Bitget eyes Indian FIU registration following Binance
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Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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Bitget eyes Indian FIU registration following Binance
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Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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State eyes Sh56bn passport, immigration fees after Finance Bill fail
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The Treasury is targeting at least Sh55.8 billion in administrative fees and charges for services such as issuing national identity cards, passports, work permits and marriage certificates in the next financial year starting in July, up from Sh28.3 billion last year. The extra billions are crucial in a year when…