Category: market
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Daily Broad Market Recap – September 19, 2024
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It was another busy day as traders digested the latest Fed rate cut, the Bank of England’s decision to hold steady, better-than-expected US data, and developing stories in the Middle East. What assets benefited from Thursday’s headlines? We discuss them below! Headlines: New Zealand GDP Shrank by 0.2% in Q2…
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Will Whale Shorts Trigger A Market Pullback?
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This article is also available in Spanish. With the broader cryptocurrency market making significant gains in the wake of Fed cuts interest ratesBitcoin (BTC) price reached $63,670 on Thursday, indicating significant bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading…
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Will Whale Shorts Trigger A Market Pullback?
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This article is also available in Spanish. With the broader cryptocurrency market making significant gains in the wake of Fed cuts interest ratesBitcoin (BTC) price reached $63,670 on Thursday, indicating significant bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading…
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Daily Broad Market Recap – September 18, 2024
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With the Federal Reserve announcing a further 0.50% rate cut and proposing further monetary easing, how did financial markets react to the news? Have we seen a uniform reaction across major asset classes or are other headlines taking the spotlight? Check out the latest market updates! Headlines: New Zealand’s current…
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Australia’s August Labor Market Data Shows Strength Despite High Interest Rates
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Data from the Australian Bureau of Statistics reflects the resilience of the Australian labour market in a high interest rate environment. The economy added a net 47.5K jobs in August, above the expected gain of 28.0K and slightly below the downwardly revised gain of 48.9K in July. The gains came…
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Nervos (CKB) Stuns Crypto Market With 120% Rally
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They say journalists never truly wake up. But for Christian, that’s not just a metaphor, it’s a way of life. By day, he navigates the ever-changing currents of the cryptocurrency market, carrying words like a seasoned editor and crafting articles that decode jargon for the masses. When his PC goes…
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Nervos (CKB) Stuns Crypto Market With 120% Rally
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They say journalists never truly wake up. But for Christian, that’s not just a metaphor, it’s a way of life. By day, he navigates the ever-changing currents of the cryptocurrency market, carrying words like a seasoned editor and crafting articles that decode jargon for the masses. When his PC goes…
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Daily Broad Market Recap – September 17, 2024
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Markets still look uneasy ahead of this week’s FOMC decision, with correlations between markets appearing to be in disarray even as the US dollar welcomed the bullish surprise in core retail sales. Crude oil prices were volatile while gold prices retreated from their all-time highs. Meanwhile, stock indexes closed almost…
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ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC) cut
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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…
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GGR stock touches 52-week low at $0.83 amid market challenges By Investing.com
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In a challenging market environment, Poema Global Holdings (GGR) stock hit a 52-week low, dropping to $0.83. This significant decline reflects a broader trend for the company, which has seen its stock value decline by 67.68% over the past year. Investors have been cautious as the company navigates a period…
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Daily Broad Market Recap – September 16, 2024
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Financial markets are mixed as traders prepare for the Federal Open Market Committee decision later this week while Chinese banks remain closed for the Mid-Autumn Holiday. So far, the US dollar is heading towards its lowest levels this year while gold is hovering near its all-time highs. Find out the…
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Intel pleases stock market, but Chinese lie in wait
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Yesterday, Intel CEO Pat Gelsinger nearly uttered the word he had been unable to utter in his three years on the job: “spin off.” The CEO, who had devoted himself to Intel’s business unit, could not bear the idea, and he probably also recognized the regulatory and business difficulties that…
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The bond market stays in focus in run up to the Fed tomorrow
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Monthly chart of US 2-year Treasury yields (%) This is one of the key charts to watch in the markets right now. The yield on the 2-year note remains elevated near the 3.55% level but bond investors will have to wait for confirmation from the Federal Reserve tomorrow. Additionally, the…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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Treasury yields stay on the floor as the market sees an end to high inflation
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10-Year US Treasury Yields The days of safe, high-yield investments may have ended a generation ago. Jamie Dimon is still warning about inflation, but the bond market has moved. The breakeven rate is below 2%, which means the Fed is more likely to miss its target, and nominal interest rates…
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Cryptocurrency Market Volatility: Eth Bitcoin Price Plunge
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In a turbulent start to the trading week, the cryptocurrency market has seen a major decline as both Bitcoin (BTC) and Ethereum (ETH) saw significant declines, falling by around 5% ahead of widely anticipated interest rate cuts by the Federal Reserve. The market plunge has left crypto sentiment on edge…
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Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
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With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…
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Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
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With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…
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Explaining Israel’s housing market paradox
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The least significant element in the CBS housing price figures is the annual rise between July-August 2023 and July-August 2024, the most recent period for which data is available. In that year, housing prices rose by 5.8%. But the Israeli real estate market after November of last year is not…