Category: market
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The market is pricing in a Republican sweep
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Not only is Biden not planning to withdraw, Biden remains committed to holding a second debate in September, CNBC reported early today, citing an adviser. Other reports say there is no pressure from his government to resign. To be clear, the decision is his alone, and to have a viable…
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Daily Broad Market Recap – June 27, 2024
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Major assets were all over the place until the US released generally weak data from the American middle class. Alternatives to the US dollar such as spot gold, crude oil and Bitcoin posted gains after the reports, although the US dollar managed to recover its losses against its foreign currency…
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Polkadot, MEME holders eye memecoin presale poised to impact the market
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are intended for educational purposes only. The Raboo pre-sale attracts diverse investors, diverting interest away from established cryptocurrencies like Polkadot and MEME, highlighting the trend towards newer, high-growth opportunities. It’s altcoin season, and meme…
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L’Oreal adjusts global beauty forecast amid China’s market volatility By Investing.com
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Investing.com – Analysts at Evercore highlighted L’Oreal’s (EPA:) decision to revise its global cosmetics market growth forecast from 5.0% to a range of 4.5-5.0%. The revision comes in response to market volatility in China and a “slightly negative” shopping festival on 6.18. L’Oréal shares fell following the announcement from CEO…
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Daily Broad Market Recap – June 26, 2024
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Dollar dominance was the name of the game, as risk-off sentiment lifted the safe-haven currency across the board while dragging commodities south. However, stronger than expected inflation data gave the Australian dollar a fighting chance. Read on to see how the rest of the major currencies and asset classes fare!…
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Market Outlook Turns Bullish For ADA
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The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
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Market Outlook Turns Bullish For ADA
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The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
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Tokyo is sleeping and the market is pushing
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Japan’s chief currency diplomat, Kanda, dropped all warnings before Tokyo went to sleep, but there was no intervention. It is now approaching 1am in Tokyo and the market feels that the situation is safe for at least a few hours. I imagine there is some element of short covering here…
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Daily Broad Market Recap – June 25, 2024
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Asset classes appeared to still be marching to the beat of their own drum on Tuesday, as stocks rebounded while commodities were in the red. What moves the markets these days? Titles: BOJ core CPI in May y/y: 2.1% (1.9% expected, 1.8% previous) FOMC official Bowman: We have not yet…
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USDJPY Technical Analysis – The market is testing the intervention level again
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Basic overview The US dollar continues to get support from good economic data as we recently saw from the US PMIs last Friday and the US Consumer Confidence report yesterday. Such data keeps interest rate expectations stable around two cuts by the end of the year and supports risk sentiment…
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Ripple (XRP) Trading Volume Soars Amid Ongoing Market Turbulence
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Ripple’s XRP has been one of the cryptocurrencies that has managed to maintain relative stability during the ongoing market turmoil. In fact, it has added 0.62% to its price over the past 24 hours and remains confined to a relatively narrow range at around $0.48. XRP trading volume increases Data…
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Daily Broad Market Recap – June 24, 2024
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Market correlations appear to be stalling so far this week, as commodities rose while stocks and Bitcoin fell. What’s up with that? How did the rest of the asset classes perform? Titles: New Zealand trade balance for May It went from a deficit of 3 million New Zealand dollars to…
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PropNex CEO ‘very excited’ about 2025 Singapore real estate market
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Singapore’s housing market, which was hot just a few years ago, is cooling down. Private sector real estate prices Hop it 6.8% in 2023, slower than the 8.6% recorded in the previous year. Resale prices for the city’s world-class public housing are also moderate, Just jump 4.8% in 2023, compared…
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Stock market wrap: Nvidia ends the day more than 6% lower
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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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Stock market has a bad breadth problem By Investing.com
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The stock market faces a “bad breadth problem,” according to analysts at Yardeni Research. Initially, the problem appeared to be related to the superior performance of the Magnificent-7 missile, analysts explained in a note. However, the focus has now narrowed to one prominent company: Nvidia (NASDAQ:). This shift in market…
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Morgan Stanley says market focusing on softening growth By Investing.com
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Year-to-date macroeconomic data has shown signs of weakness, leading to weakness in low-quality, economically sensitive market sectors, while a narrow group of large-cap stocks have driven performance. According to strategists at Morgan Stanley, this indicates that the market “is becoming more focused on slowing growth and less focused on inflation…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market
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Ethereum price struggled to rise above the $3,550 resistance level and pared gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 area. Ethereum trims gains from $3,550 resistance area. The price is trading below the $3,500 level and the 100 hourly simple moving average. There is a major…
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Stock market outlook: S&P 500 could soar to 15,000 by end of decade
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Tom Lee, co-founder of Fundstrat Global Advisors, was among the few voices on Wall Street last year who predicted a stock market rally while most of his peers saw a decline amid widespread expectations of a recession. But he – and the American economy – proved that the pessimists were…