Category: market
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Weekly Market Outlook (15-19 July)
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Upcoming Events: Monday:New Zealand Services PMI, People’s Bank of China MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, Bank of Canada Business Expectations Survey, Fed Chair Powell. Tuesday:Eurozone ZEW index, Canadian CPI, US retail sales, US NAHB housing market index. Wednesday:New Zealand Q2 CPI, UK CPI, US housing…
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Crypto Market Rollercoaster To Persist
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Based on the latest forecasts from top industry analysts, the crypto market looks set to Ready for a road trip Over the next few months. Cryptocurrency volatility expected to continue in Q3 Despite the positive trend in the crypto market earlier this year, the second and third quarters of 2024…
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Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash?
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Cardano (ADA) has seen a massive price increase of 20.29% over the past seven days in line with The current green movement For most cryptocurrencies, ADA trading volume has increased significantly since hitting a low of $0.335 on July 8, let her excel Most of the cryptocurrencies with a large…
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The Stock Market Is Doing Something Unseen Since the Year 2000. History Says This Happens Next.
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the Standard & Poor’s 500 It has set new record highs after new highs in 2024, but not all stocks are participating in the current period. bull market. Over the past few years, big tech stocks have been the driving force behind the stock market’s surge in value. This trend…
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Tech resilience amid market challenges: Insights from today’s stock heatmap
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Stock Heat Map from FinViz.com Friday, July 12, 2024 13:46:05 GMT Market Overview Today’s trading session reveals a mixed but resilient market scene, with notable performances across sectors. The stock market map provides a colorful snapshot of today’s performance, indicating a day of opportunities and setbacks. Technology and Semiconductors: Focus…
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Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share
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Even with several high-profile crashes and decoupling events in recent years, stablecoins have continued to take market share from fiat currencies, reflecting increasingly strong demand. Although the stablecoin market remains highly concentrated, with Tether’s USDT leading the way, its dominance has been eroding over the past two years. In fact,…
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Market Breaks Records: Dow & S&P set for new high closes
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U.S. stocks are trading near their highs after some declines yesterday. The correction was for one day — at least for the S&P and Nasdaq. The Dow Jones Industrial Average was higher yesterday, as was the Russell 2000 index of small companies. Today, all major indices are enjoying strong gains.…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
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By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…
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Global Market Weekly Recap: July 8 – 12, 2024
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Market correlations were mixed at the start of the week, before sentiment finally settled a few days later. Although Fed Chair Powell’s speeches and US CPI data prompted some riskier flows mid-week, commodities and equities were also driven by individual catalysts. Major currencies also had plenty to work with, with…
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Daily Broad Market Recap – July 11, 2024
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US inflation was at the forefront of attention on Thursday, with major assets trading mixed ahead of the report and then taking their cues from the report during the US session. How did the markets behave yesterday? Our headlines and charts: headlines: The Melbourne Institute’s inflation forecast has been cut…
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Did They Save The Bitcoin Market?
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Bitcoin is trading sideways at the time of writing, absorbing last week’s sell-off. While there are some optimists, the candlestick pattern on the daily chart is pointing to weakness. This outlook, at least from a technical perspective, remains valid as long as prices continue to trend below the $60,000 round…
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BTC Falls Back to $58K After Failing to Challenge $60K, STX Soars 14% Daily (Market Watch)
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Bitcoin’s rally towards $60,000 has stalled, and the asset is back just above $58,000 after a slight pullback the day before. Stacks emerged as the best performer among large-cap alternative stocks, up 14%. LDO followed, up 7% on the day. Bitcoin price stops at $59K That was less than a…
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BTC Falls Back to $58K After Failing to Challenge $60K, STX Soars 14% Daily (Market Watch)
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Bitcoin’s rally towards $60,000 has stalled, and the asset is back just above $58,000 after a slight pullback the day before. Stacks emerged as the best performer among large-cap alternative stocks, up 14%. LDO followed, up 7% on the day. Bitcoin price stops at $59K That was less than a…
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Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records
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Breadcrumbs Path Links PMN Business Article author: Associated Press Ellen Kurtenbach Published on July 11, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content Asian stocks advanced on Thursday after a big rally…
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Investors returning to Israel’s housing market
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May 2024 saw the highest number of home purchases by investors since the purchase tax for owners of multiple residences (two or more homes) was raised. For the first time since 2022, investors are buying more homes than they are selling, according to a survey of residential real estate activity…
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Daily Broad Market Recap – July 10, 2024
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Risk-on sentiment appears to be in place in financial markets, with stocks and commodities closing higher while bond yields and the dollar took a hit. What is driving these asset classes lately? Here are the market updates you need to know: headlines: China’s core CPI slowed to 0.2% in June…
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Jerome Powell is suddenly bearish on the jobs market and it’s a welcome sign for Wall Street
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Federal Reserve Chairman Jerome Powell on Wednesday reinforced the message that the central bank is increasingly paying attention to a slowing labor market and not just taming inflation, a shift that suggests it is likely to start cutting interest rates soon. “We are not just an inflation-targeting central bank. We…
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Crypto CEO Predicts Bitcoin Market Trends For The Mid-Term Using Miner Capitulation
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Miners are an integral part of the Bitcoin network, and since new supply comes through them, it can be important to track what miners are doing with their coins in an attempt to predict where the market might go in the future. Given this, Ki Young Joo, founder of analytics…
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Crypto CEO Predicts Bitcoin Market Trends For The Mid-Term Using Miner Capitulation
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Miners are an integral part of the Bitcoin network, and since new supply comes through them, it can be important to track what miners are doing with their coins in an attempt to predict where the market might go in the future. Given this, Ki Young Joo, founder of analytics…
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Yuval Soiref to market Mike Tyson medical cannabis in Germany
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Israeli cannabis entrepreneur Yuval Soarev is teaming up with legendary boxer Mike Tyson to market medical cannabis Tyson 2.0 exclusively in Germany. Since April 1, 2024, cannabis has been removed from the list of prohibited drugs in Germany, and its use has become legal. Germany thus joins several states in…