Category: market
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Kenya miraa exports double on reopened Somalia market
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Mira traders in Kenya managed to double their exports last year after the Somali market reopened, but they faced stiff competition from their rivals in Ethiopia. Data from the Food and Agriculture Authority shows that Kenya exported 6.2 million kilograms of miraa in 2023, all of which was destined for…
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3 Reasons SUI Investors Are Joining Mpeppe Casino, Top Analyst Explains SUI & Mpeppe Future Utility and Impact On Cryptocurrency Market
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This article is also available in Spanish. As the cryptocurrency market evolves, two altcoins are gaining the attention of investors looking for the next big opportunity: Sui (SUI) and Mbebe (Mbebe)While Sui (SUI) has been on the rise recently, due in part to the launch of the AUSD stablecoin, Mpeppe…
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Daily Broad Market Recap – September 9, 2024
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No big data? No problem! Pullbacks from the previous week’s moves and positioning ahead of potential market moves this week sent traders pushing major assets all over the charts on Monday. What headlines dominated the market’s price action anyway? Let’s take a look at them: Headlines: Japanese bank loans Growth…
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Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum
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This article is also available in Spanish. Ethereum co-founder Vitalik Buterin was recently in the news after withdrawing 760 ETH – a move that sparked speculation about what such external transactions to his wallet could do to the Ethereum market. Related reading The transactions are part of a broader trend…
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Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum
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This article is also available in Spanish. Ethereum co-founder Vitalik Buterin was recently in the news after withdrawing 760 ETH – a move that sparked speculation about what such external transactions to his wallet could do to the Ethereum market. Related reading The transactions are part of a broader trend…
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Genus reports progress amid market challenges, eyes FDA approval By Investing.com
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Genus PLC (GNS), a leading animal genetics company, reported its preliminary results for the fiscal year ended June 30, 2024, showcasing resilience and strategic advancements despite challenging trading conditions. CEO Jorgen Kokke highlighted the company’s progress in key areas such as the commercialization of its Porcine Reproductive and Respiratory Syndrome…
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USDJPY Technical Analysis – The NFP report keeps the market guessing
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Basic Overview The USD/JPY pair eventually fell to its lowest level in August after a series of weak US data pushed Treasury yields lower, giving the yen a morale boost. Friday’s nonfarm payrolls report wasn’t bad, on the contrary, the data was better than the previous month. However, the labor…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Monthly UK jobs market report showed a significant slowdown in August
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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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Crypto ETF Outflows Exceed 1 B: Impact Cryptocurrency Market
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The cryptocurrency market has been in a state of volatility in recent weeks, with the prices of major digital assets such as Bitcoin (BTC) and Ethereum (ETH) seeing significant swings amid the broader market turmoil. Amid this turmoil, a worrying trend has emerged — US-based exchange-traded funds (ETFs), particularly Bitcoin…
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Toncoin (TON) Outshines Bitcoin During Market Downturn, TON Investors Use Profits To Join New 100X Casino Presale
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This article is also available in Spanish. With the volatility of the cryptocurrency market, Toncoin (TON) has been making headlines for its resilience, even during tough times. While Bitcoin and other major cryptocurrencies are facing market downturns, Toncoin (TON) has outperformed its competitors, prompting investors to take profits and explore…
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Weekly Market Outlook (09-13 September)
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Upcoming Events: Monday: China consumer price index. Tuesday: UK Labor Market Report, US NFIB Business Optimism Index. WednesdayUK GDP, US CPI. Thursday:Japan PPI, ECB Monetary Policy Decision, US PPI, US Unemployment Claims. Friday:New Zealand Manufacturing PMI, University of Michigan Consumer Confidence Index in the United States. Monday China’s CPI is…
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Helium Network Expansion Fuels 13% Gains Despite Weak Market
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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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Did a flawed Goldman Sachs report roil the market on Friday?
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On Friday, shares of Nvidia fell 4%, dragging the Nasdaq to a three-week low. One of the triggers for the sell-off was a Goldman Sachs memo from Peter Oppenheimer claiming that traffic to ChatGPT was in steep decline. Goldman posted this chart, which later went viral (including in the Financial…
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Shekel rebounds in volatile forex market
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Head of Financial Planning Poria Or Poria: We see the shekel strengthening in the long term. After a sharp decline yesterday, the shekel is rising strongly today against the US dollar and the euro. In late morning interbank trading, the shekel fell against the dollar by 1.01% to NIS 3.685/USD,…
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This is how the market behaves in an easing cycle
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The market’s reaction today to the absence of a strong 50 basis point signal from Waller should come as no surprise. This is what I wrote in June: It’s been a long time since we’ve seen a “normal” price-cutting cycle so it’s worth reminding yourself of what’s going on and…