Category: market
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily Broad Market Recap – August 26, 2024
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Markets started the week on a quiet note as traders remained on the sidelines waiting for potential catalysts this week. But crude oil was an exception, crude oil prices went up and haven’t looked back! Find out what market topics moved the markets on Monday: Headlines: Over the weekend, Israel…
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BTC Currently Valued at Fair Market Price, Bitcoin Magazine Pro Data Shows
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At the time of writing, Bitcoin is currently worth $63,500, which is considered a fair market price according to the Bitcoin Cycle Master chart and data from Bitcoin Magazine Pro. The Bitcoin Cycle Master chart incorporates on-chain metrics, including days of value destruction and final price, to assess Bitcoin’s position…
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Fed’s Daly: Labour market is in complete balance
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. Daly’s comments on Bloomberg TV: It’s hard to imagine anything that could derail a September rate cut. It’s time to change the policy. We do not want to continue to tighten monetary policy while inflation is falling. The risks to our goals are now balanced. The most likely outcome…
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Weekly Market Outlook (26-30 August)
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Upcoming Events: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: Consumer confidence in the United States. Wednesday:Australia Monthly CPI and Nvidia Earnings. ThursdayUS GDP Q2:Second abbreviation US unemployment claims estimates. FridayTokyo CPI, Japan Retail Sales, Eurozone Spot CPI and Unemployment Rate, Canada GDP, US Personal Spending. Tuesday The…
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Job market: more cooling may cause bigger unemployment jumps
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The Federal Reserve Bank of Kansas City’s annual economic symposium, held in Jackson Hole, Wyoming, is coming to a close. Here are some key takeaways from the conference: Powell’s Axis Federal Reserve Chairman Jerome Powell’s widely anticipated speech confirmed expectations of a rate cut at the central bank’s next meeting…
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NFT market up 23% in weekly sales; Ethereum leads charge
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The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon. Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a…
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NFT market up 23% in weekly sales; Ethereum leads charge
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The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon. Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a…
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How to use a diversified portfolio to navigate bouts of market volatility By Investing.com
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Wells Fargo strategists noted in a recent report that the recent spike in volatility, as evidenced by the recent rise in the Volatility Index (VIX), is a reminder that market volatility is an integral part of investing. However, the investment bank advises against responding hastily to these fluctuations by reducing…
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London stock market reforms hailed as major draw by Hong Kong’s CK Infrastructure
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Andy Hunter, deputy managing director of CK Infrastructure, the first company to list under the new rules, said the recent reform of London’s listing rules had made the UK stock market more attractive. Hunter praised the reforms as “very welcome,” citing the streamlined process as an important factor in the…
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Tech and energy sectors shine amidst market fluctuations: Unveiling today’s stock trends
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Stock Heat Map from FinViz.com Friday, August 23, 2024 13:46:06 GMT Today’s Market Overview Today’s trading session shows mixed performance across sectors, with notable gains in the technology and energy sectors, while other areas show more conservative movements. This analysis takes advantage of the dynamic landscape shown in the latest…
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In echo of Draghi, Powell pledges to do “everything we can” to keep the jobs market strong
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The US dollar fell sharply after a speech from Federal Reserve Chairman Jerome Powell in which he said it was time for a policy shift and added a key line about maintaining a strong labor market. “We will do everything we can to support a strong labor market while making…
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Global Market Weekly Recap: August 19 – 23, 2024
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While most market participants were preoccupied with the FOMC minutes and expectations of Powell’s testimony at the Jackson Hole Symposium, commodities like gold and crude oil also responded to their own set of catalysts. Geopolitical headlines and global growth concerns led the energy commodity mostly lower during the first half…
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BOE’s Bailey: Market events like two weeks ago will happen, test is whether more triggered
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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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Daily Broad Market Recap – August 22, 2024
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Profit-taking was the name of the game on Thursday as major assets reversed their trends for the week ahead of Powell’s keynote speech on Friday. Spot gold and the S&P 500 continued to trade lower near record highs, while U.S. bond yields and the U.S. dollar recovered despite mixed U.S.…
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A bullish signal in the stock market is pointing to double-digit gains for the S&P 500 next year, research firm says
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Spencer Platt/Getty, Tyler Lee/PI The stock market showed a bullish technical indicator on Monday, according to Ned Davis Research. NDR strategist Ed Clissold noted that the market is in stage four of bottoming out as it approaches record highs. Since July, three broad bullish signals have emerged, indicating a strong…