Category: Higher

  • Rising Bullish Momentum, Will Prices Go Higher?

    Bitcoin price started to rise strongly and broke the resistance level of $62,000. Bitcoin is showing positive signs and may rise towards the level of $63,200. Bitcoin gained bullish momentum above the $60,500 resistance area. The price is trading above the $61,500 level and the 100-hour simple moving average. A…

  • Bitcoin higher alongside the prospects of a second Trump presidency

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • US stock futures slightly higher, Tesla gets a sell rating

    Tesla stocks Tesla shares are expected to fall 2% at the open, while the rest of the market struggles with financial results (there’s a mix of results with Citi up 3% and JPMorgan down 1.2%). Spooz is up about 3 points. The drop in Tesla shares comes after an 8%…

  • US stocks are higher in early trading. Yields steepen across the curve. Dollar lower.

    Major U.S. stock indexes were slightly higher in early trading in the United States. The Nasdaq fell about 1.8% yesterday, but the Russell 2000 index of small-cap stocks rose more than 3%. This image of the market taken nine minutes after the open shows: The Dow Industrial Average rose 156.41…

  • Spotify has upside to consensus due to higher margin verticals

    Wolfe Research initiated coverage of Spotify (NYSE:) with an Outperform rating and a $390 price target in a note on Friday, with the new target representing a potential upside of 28%. Analysts at Wolfe Research believe Spotify is undervalued, trading at 26x CY25E P/FCF, despite its greater exposure to the…

  • Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes (NYSEARCA:USO)

    SlavkoSereda/iStock via Getty Images Crude oil futures rose for a second straight session on Thursday, as a weaker-than-expected reading on U.S. inflation was seen increasing the chances of a September interest rate cut by the Federal Reserve. The US government announced that the consumer price index fell. The U.S. inflation…

  • Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records

    Breadcrumbs Path Links PMN Business Article author: Associated Press Ellen Kurtenbach Published on July 11, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content Asian stocks advanced on Thursday after a big rally…

  • European major indices rebound higher in trading today

    Major European indices closed higher on the day, recovering from yesterday’s declines. A screenshot of the final levels shows: German DAX, +0.99% French CAC index, +0.86% FTSE 100 +0.66% Spain’s IBEX rises 1.59% Italy’s FTSE MIB rises 1.31% As European traders head for the exits, US stocks are trading back…

  • US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com

    U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…

  • US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com

    U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…

  • Like EM central banks, DM banks will need to keep rates higher for longer – BlackRock

    Vertigo 3D Some emerging market central banks have paused interest rate cuts due to inflation concerns, and policymakers in developed markets may also find themselves forced to stick with higher interest rates for longer, the BlackRock Investment Institute said. Brazil, Mexico and Poland are among the Emerging markets are the…

  • Major US indices are higher in early trading

    The S&P 500 closed at a new record high for three straight days. The Nasdaq closed at a record high for four straight days. Both indices are trading higher in early U.S. trading to start the new trading week. Despite its rise, the Dow Jones Industrial Average leads the three…

  • USDCAD bounces higher after testing key technical support. Can the buyers keep pushing?

    The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the swing area. The combination of US and Canadian jobs data…

  • AUDUSD runs higher & is breaking out in the process. Can buyers keep the momentum going?

    The AUD/USD pair has been mostly trading between 0.6573 and 0.67134 since early May. This week, the price rose to its highest level since early January. Today, the price corrected lower to hold its old high level near 0.6708/0.6713. The price went up. Then the price corrected down to retest…

  • Meme stock speculation propels Koss shares 25% higher on Friday By Reuters

    By Susan McGee (Reuters) – Shares of headphone maker Koss Corp rose for a second straight session on Friday to close at $13.35 after trading as high as $18.50 earlier in the day, as social media posts speculated that a post by stock influencer Keith Gill signaled his interest in…

  • US stocks are trading marginally higher ahead of the early Independence Day close

    Major U.S. stock indexes are trading mixed in early trading ahead of an early close at 1 p.m. Tomorrow, the U.S. stock market will be closed in observance of the Independence Day holiday. The bond market closes today at 2 p.m. ET and will be closed tomorrow as well: The…

  • Dollar edges higher on Trump expectations; euro slips ahead of inflation data By Investing.com

    Investing.com – The U.S. dollar was slightly higher in early European trade on Tuesday, recovering from recent losses, while the euro fell ahead of key inflation data. At 04:30 ET (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at…

  • ForexLive Asia-Pacific FX news wrap: EUR/USD gapped higher (not a huge gap)

    The Chinese President says he is ready to work with Australia European Central Bank President Lagarde speaks on Monday Bitcoin is back above $63,500 China Caixin Manufacturing PMI June 2024 51.8 (FX: 51.2, Previous: 51.7) Australian Special Inflation Survey, June 2024: +0.3% m/m (previously +0.3%) Roaring Kitty sued for securities…

  • ForexLive Asia-Pacific FX news wrap: EUR/USD gapped higher (not a huge gap)

    The Chinese President says he is ready to work with Australia European Central Bank President Lagarde speaks on Monday Bitcoin is back above $63,500 China Caixin Manufacturing PMI June 2024 51.8 (FX: 51.2, Previous: 51.7) Australian Special Inflation Survey, June 2024: +0.3% m/m (previously +0.3%) Roaring Kitty sued for securities…

  • Chart Art: Is WTI Crude Oil (USOIL) Ready For Another Leg Higher?

    US crude oil prices look poised to break a technical consolidation level. Will this lead to another rally for the commodity? The 4-hour chart may give us more clues: Crude Oil WTI (USOIL) 4 hours Chart by TradingView WTI Crude Oil (US Crude Oil Prices) currently has candles above $82.00,…