Category: gains
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Dollar steadies after sharp gains post Fed minutes; sterling retains strength By Investing.com
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Investing.com – The US dollar gave up some of the previous session’s gains on Thursday, but remained near a one-week high after minutes from the Federal Reserve’s latest meeting indicated US interest rates will remain high for some time. At 04:20 ET (08:20 GMT), the dollar index, which tracks the…
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US stocks pare gains as spiking yields on fading rate-cut bets offset Nvidia rally By Investing.com
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Investing.com — U.S. stocks gave up gains on Tuesday, after Treasury yields rose as data pointing to signs of steady inflation dampened interest rate cut hopes, offsetting Nvidia-led charges in technology stocks. At 14:28 ET (18:28 GMT), it was down 589 points, or 1.5%, while down 0.8%, and the heavy…
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…
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Oil prices edge lower, giving up early gains from death of Iran’s president (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images US crude oil futures on Monday failed to maintain the $80 level reached last week, as two US Federal Reserve officials said they had not yet concluded that inflation trends are back to the central bank’s 2% target. Waiting for more signs of declining inflation…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
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USD/CAD has now regained its previous gains in today’s trading. The price is now falling and testing the swing zone between 1.3604 and 1.3615. A move below this level would have traders looking towards the 38.2% retracement of the move up from the December 2024 low to the high price…
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Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge
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Bitcoin price rose and tested the $66,500 area. BTC is now consolidating gains and may attempt another surge towards $67,500. Bitcoin started the consolidation phase from the $66,500 resistance area. The price is trading above $65,000 and the 100 hourly simple moving average. There is a major uptrend line forming…
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U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
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Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
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Bitcoin’s blitz above $66k bolsters altcoin gains
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Bitcoin posted one of its best trading days in nearly two months, spurring market sentiment and capital deployments. According to CoinMarketCap, six cryptocurrencies posted double-digit price gains, with Bitcoin (BTC) surpassing $66,000 in the past 24 hours and growing over 6% on May 15. At the time of publication, data…
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Asia FX gains some ground as dollar inches lower ahead of CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Wednesday, retracing some of their gains against the weaker dollar, as markets awaited more signals on interest rates from key US inflation data due later in the day. Traders also became more confident that the Federal Reserve will not raise interest rates…
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Stock Futures Hold Gains Ahead of US Price Data: Markets Wrap
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(Bloomberg) — U.S. stocks are poised to maintain the previous session’s technology-led gains, as traders bet that Wednesday’s headline U.S. inflation report won’t undermine the case for an interest rate cut by the Federal Reserve. Most read from Bloomberg S&P 500 and Nasdaq 100 futures were little changed, while the…
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Here Are The Meme Coins To Buy For Dogecoin-Like Gains If There Is A Repeat Of The 2021 Mania
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back Keith Gill (also known as “Roaring Kitty”), the man who contributed greatly to… GameStop short squeeze in 2021, and the Dogecoin race, have led to talks of another impending meme-mania. If so, some meme coins are worth watching, as they could be the biggest beneficiaries of this development. Pepe…
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Tilray stock gains on debt-for-equity deal (NASDAQ:TLRY)
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Torsten Asmus/iStock via Getty Images Canadian cannabis player Tilray Brands (Nasdaq:TLRYIt announced on Tuesday that it will issue up to 13.1 million shares of the company’s stock as part of a debt-for-equity swap deal it entered into with an unrelated party. Shares will be issued in exchange for The convertible…
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PEPE Coin Gains Momentum, Eyes Continued Growth
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Despite the current downturn in the cryptocurrency market, baby The coin has been one of the tokens that is still going strong as its price is still trading above the 100-day simple moving average (SMA) and trend line. The token with a total liquidity value of over $38 million and…
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Dollar calm at end of week; sterling gains on growth data By Investing.com
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Investing.com – The US dollar steadied on Friday after losing ground in the previous session on weak jobs data, while the British pound rose in the wake of stronger-than-expected growth numbers. At 04:10 ET (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other…
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Asia-Pacific markets higher tracking gains on Wall Street; Hong Kong stocks hit 8-month hi
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Michael H Japan (NKY:IND) +0.41%. Japan’s services sector gauge unexpectedly fell to 47.4 in April 2024 from 49.8 the previous month, lagging the market consensus of 50.4. Japan’s current account surplus rose to 3,398.8 billion yen in March 2024 compared to the Japanese yen. 2,360.0 billion in the same month…
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Dollar gains ground; subdued yen prompts Japan warning By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar remained steady on Wednesday, offsetting some losses resulting from renewed bets on a cut in interest rates by the Federal Reserve (US central bank) this year, while the yen fell for a third day, raising investors’ concerns about the risk of…