Category: Higher
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Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher
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Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) of 2024, with its native OP token up 9% on the back of this bullish momentum. Optimism sees higher activity and higher transaction fees According to my recent path a reportOptimism’s traded…
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Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher
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Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) of 2024, with its native OP token up 9% on the back of this bullish momentum. Optimism sees higher activity and higher transaction fees According to my recent path a reportOptimism’s traded…
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Why VinFast Auto Stock Soared Higher This Week
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shares Finfast Auto (NASDAQ: VFS) Shares rose more than 60% this week, according to data from Standard & Poor’s Global Market Intelligence. Vietnamese automobile group that manufactures electric cars (Electric vehicles) saw significant early demand for the affordable SUV that will be sold worldwide, including the United States. Shares are…
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Why VinFast Auto Stock Soared Higher This Week
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shares Finfast Auto (NASDAQ: VFS) Shares rose more than 60% this week, according to data from Standard & Poor’s Global Market Intelligence. Vietnamese automobile group that manufactures electric cars (Electric vehicles) saw significant early demand for the affordable SUV that will be sold worldwide, including the United States. Shares are…
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Oil turns higher as U.S. inflation cools, crude stocks drop more than expected
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Slavko Sereda/iStock via Getty Images Crude oil futures reversed course to close higher on Wednesday, as US government data showed a slight decline in inflation and a larger-than-expected decline in crude oil inventories. The Consumer Price Index rose 0.3% last month after rising 0.4% in March and February, while the…
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Australian Economy Added 38.5K Jobs in April, But Jobless Rate Ticked Higher
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Australia’s employment change figures for April beat estimates, showing a 38.5k increase in employment versus an expected increase of 22.4k. This also represents a strong rebound compared to the previous 5.9K decline in employment. However, the unemployment rate rose from a negatively adjusted 3.9% to 4.1% instead of holding steady,…
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April CPI higher than expected
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Israel’s consumer price index rose 0.8% in April, higher than economists’ expectations of 0.6%. In the 12 months to the end of April, inflation rose to 2.8% from 2.7% at the end of March, according to figures released by the Central Bureau of Statistics today. Transportation prices rose 3.4% in…
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US stock futures just higher; key inflation data, retail earnings due By Investing.com
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Investing.com — U.S. stock index futures rose on Monday, trading in tight ranges as caution set in ahead of key inflation data, due later this week, which will likely factor into interest rate expectations. At 06:20 EST (10:20 GMT), it rose 34 points, or 0.1%, rose 6 points, or 0.1%,…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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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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ForexLive Asia-Pacific FX news wrap: USD higher across the major FX board
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
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Warren Buffett.Rick Wilking – Reuters Warren Buffett’s Q&A at Berkshire’s annual meeting was full of interesting nuggets and anecdotes. He brought up a potential Canadian bet, saying he could make a 50% annual return on $1 million. Buffett predicted higher taxes and revealed a $500 million donation of Berkshire stock.…
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EURUSD runs higher. USD move to the downside continues
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EUR/USD rises as the dollar is sold. Above 100 hours MA. The US dollar is under increasing pressure. Initial jobless claims in the US were weaker and began to decline. For EURUSD, it is moving above the technical zone defined by the swing zone between 1.0752 and 1.0756 (see chart…
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Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE By Investing.com
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Investing.com – The US dollar rose on Thursday, trading in a narrow range ahead of important US inflation data next week, while the pound fell ahead of the Bank of England’s policy meeting. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six…
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Dollar pushes higher; Fed speakers in focus By Investing.com
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Investing.com – The US dollar rose on Wednesday, rebounding from recent weakness as several Federal Reserve officials spoke out. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, was up 0.2% at 105.500, pulling away from a nearly one-month…
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Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
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Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
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Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil recovered part of the heavy losses incurred last week, with the Middle East risk premium returning to the market as Israel prepares to launch a military attack on the city of Rafah, located in the far south of the Gaza Strip, where hundreds…
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USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.
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The US dollar fell against the Canadian dollar after a weaker than expected US jobs report. That downward movement stopped against the old ceiling area between 1.36049 and 1.36154. The price started to bounce back to the upside. The move to the upside was able to expand back above the…
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Major US indices close higher for the day and the week
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The three major US stock indexes closed higher today and this week. The Nasdaq led gains on both measures. Today’s summary shows: The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.69 points. The Standard & Poor’s index rose 63.61 points, or 1.26%, to 5,127.80 points. The Nasdaq…
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AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?
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AUDUSD rose sharply after the US jobs report. The price rise pushed the pair above the 100-day moving average at 0.6580, a 50% move down from the December high of 0.66159 and up to the ceiling of the key swing zone between 0.6335 and 0.6345. Sellers built on this ceiling…