Category: looms
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Bitcoin Major Bull Run Looms — Analyst
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With the US economy slowing, many are looking to Bitcoin as the next big safe haven, much like gold did in the 1930s. As US economic data continues to decline, many have begun to speculate on how cryptocurrencies, especially other cryptocurrencies, will impact the global economy. Bitcoinwill react to this…
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Bitcoin Major Bull Run Looms — Analyst
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With the US economy slowing, many are looking to Bitcoin as the next big safe haven, much like gold did in the 1930s. As US economic data continues to decline, many have begun to speculate on how cryptocurrencies, especially other cryptocurrencies, will impact the global economy. Bitcoinwill react to this…
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Costly fuel looms on push for bigger oil dealer profits
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Kenyans are set to pay an extra Sh4.45 per litre of fuel if a proposal in a study commissioned by the Energy Regulatory Authority is adopted, raising concerns about pressure on cost-of-living measures. The study by consultants Corrent Technologies and Channel Consulting Limited proposes increasing margins offered to oil marketing…
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Bullish Alert For Dogecoin: TD Indicator Flashes Buy Signal As $0.10 Target Looms
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The broader cryptocurrency market has seen significant corrections over the past six months, driven primarily by the two largest cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE), the leading cryptocurrency, has not escaped this trend, seeing a significant drop in its value. Dogecoin price faces 55% drop since March high…
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Dollar eases after hitting highest in almost two weeks, US job data looms By Reuters
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By Stefano Ribaudo and Kevin Buckland TOKYO (Reuters) – The dollar fell on Monday but remained close to its highest in nearly two weeks as investors’ focus turned to a U.S. jobs report due later this week. U.S. payrolls data due on Friday will be crucial after Federal Reserve Chairman…
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Solana Major Breakout Looms As SOL Sets Sights On $164 Level
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Solana The cryptocurrency has recently shown impressive bullish momentum, with its price steadily rising and now targeting the $164 level. With the cryptocurrency approaching this key resistance level, the focus now turns to whether this uptrend will lead to a major breakout or face resistance. This article aims to provide…
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Solana Major Breakout Looms As SOL Sets Sights On $164 Level
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Solana The cryptocurrency has recently shown impressive bullish momentum, with its price steadily rising and now targeting the $164 level. With the cryptocurrency approaching this key resistance level, the focus now turns to whether this uptrend will lead to a major breakout or face resistance. This article aims to provide…
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Gold prices could surge to $2,600 an ounce as us interest rate cut looms
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Gold could rise to $2,600 an ounce after hitting a new record high, as traders increasingly expect the US Federal Reserve to cut interest rates next month. On Sunday, spot gold broke through $2,500 an ounce for the first time, extending a rally that has seen the precious metal rise…
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CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms By Reuters
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Written by Promit Mukherjee OTTAWA (Reuters) – Canadian National Railway (TSX:), one of Canada’s two main rail companies, formally notified the Canadian Truck Drivers Union on Sunday that it will begin locking out workers at the union early on Thursday morning. “Unless an immediate and decisive solution to the labour…
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Dollar hands back some gains; Jackson Hole looms large By Investing.com
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Investing.com – The U.S. dollar fell on Friday, giving up some of the previous session’s big gains after strong retail sales data eased concerns about an impending recession in the United States. At 05:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other…
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US stock futures steady as inflation data looms By Investing.com
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Investing.com – U.S. stock index futures were in a narrow range in overnight trade on Sunday as Wall Street saw some stability after last week’s wild swings, with focus shifting to key inflation data due this week. Wall Street indexes initially posted sharp losses last week, but ended the week…
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Dollar steady after volatile week; CPI data looms large By Investing.com
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Investing.com – The U.S. dollar was steady on Friday, trading near a one-month high after stronger-than-expected U.S. jobless claims eased fears of an impending recession in the world’s largest economy. At 04:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms
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Tonquin (TON) recently saw a significant price drop, as it dropped below its 100-day simple moving average (SMA). This breakout of a crucial technical indicator has put the digital asset under downward pressure, raising concerns among investors and traders. With the $6 level now approaching as a potential target, there…
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Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms
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Tonquin (TON) recently saw a significant price drop, as it dropped below its 100-day simple moving average (SMA). This breakout of a crucial technical indicator has put the digital asset under downward pressure, raising concerns among investors and traders. With the $6 level now approaching as a potential target, there…
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Dollar edges higher on Trump ascendancy; ECB meeting looms By Investing.com
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The U.S. dollar rose in early European trading on Tuesday, pulling away from a one-month low as traders digested the growing chance of former President Donald Trump returning to the White House as well as the possibility that the Federal Reserve could start cutting interest rates in September. At 05:20…
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Impending tax hike looms for Americans in the UK following general elections
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Americans living and working in the UK may face increased tax rates due to the results of the UK general election and the US presidential election in November. “For the Americans, this is the warm-up period before the main event of the US elections in November,” said Alex Street, a…
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US stocks continue to climb; key payrolls release looms large By Investing.com
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Investing.com — U.S. stocks rose on Monday, extending recent gains as investors awaited further signals on interest rates from a slew of Federal Reserve officials and key labor market readings this holiday-shortened week. At 09:35 ET (13:35 GMT), the S&P 500 was up about 240 points, or 0.6%, the Dow…
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Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sources say By Reuters
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Written by Mike Spector and Chris Prentice NEW YORK (Reuters) – U.S. prosecutors are meeting with Boeing Co and relatives of victims of the deadly Boeing plane crash as a July 7 deadline approaches for the Justice Department to decide whether to file charges, two people familiar with the matter…