Category: market
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Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools
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Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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These 3 overlooked areas of the stock market have ‘coiled spring’ upside, JPMorgan says
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iStock; Rebecca Zisser / P JPMorgan Asset Management says there are unrealized gains in three underbought areas of the stock market. These sectors include semiconductors, rail and parcels, and home improvement, according to the company. These investments could be great additions to a portfolio as earnings growth in AI stocks…
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Daily Broad Market Recap – July 9, 2024
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Traders continued to watch Fed Chair Jerome Powell’s testimony, but did the event move the markets that much? Here’s how asset classes are reacting, plus other economic updates you need to know: headlines: NAB Australia’s business confidence index improved from -2 to +4 in June Japan’s initial machine tool orders…
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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
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Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
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It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
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It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Daily Broad Market Recap – July 8, 2024
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Dollar dominance was the name of the game on Monday as riskier assets like gold and crude oil took major hits. What’s moving the markets these days? Here are the updates you need to know: headlines: French early elections It ended with a hung parliament between three opposition parties. Japan’s…
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More on the BOJ meetings with JGB market players
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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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More on the BOJ meetings with JGB market players
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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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TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
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(Bloomberg) — Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market value after Morgan Stanley joined the list of brokers raising price targets on the chipmaker ahead of its earnings. Most Read from Bloomberg TSMC ADRs jumped 4.8%, touching the milestone after the opening bell in New York on…
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Top NFT Collections By Market Value: July 2024 Edition
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In an ever-evolving digital landscape, NFT collections have surged to the forefront of the digital asset market, heralding a new era of online collectibles and investment opportunities. As we step into July 2024, the dynamics of the NFT marketplaces have further matured, making it imperative for enthusiasts and investors alike…
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Bitcoin Spot ETFs Witness Month-High Inflow Following Latest Market Downturn
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Bitcoin price has not had a great start to the third quarter of 2024 after falling to a multi-month low last week. On the other hand, Bitcoin exchange-traded funds (ETFs) appear to be benefiting from the recent price decline, having recorded a positive week in terms of capital inflows. According…
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Bitcoin Spot ETFs Witness Month-High Inflow Following Latest Market Downturn
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Bitcoin price has not had a great start to the third quarter of 2024 after falling to a multi-month low last week. On the other hand, Bitcoin exchange-traded funds (ETFs) appear to be benefiting from the recent price decline, having recorded a positive week in terms of capital inflows. According…
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$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites
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The Bitcoin market is experiencing a wave of uncertainty as a recent analysis by CryptoQuant reveals a major shift in investor behavior. Nearly $2.4 billion worth of Bitcoin, which investors may have acquired this year, has moved within the network, sparking debate about the reasons behind the exit. Related reading…
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Shiba Inu Whales On The Move Again As Bitcoin, Crypto Market Recover
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Popular cryptocurrency Shiba Inu It has risen by double digits in the past 24 hours amid Positive performanceIn the broader market. According to price data, SHIB price surged over the past few hours to peak at $0.00001748, effectively reversing most of its losses over the past seven days. This remarkable…
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ICYMI: Swiss National Bank Chair Jordan ready “to intervene in FX market” if necessary
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Swiss National Bank President Thomas Jordan spoke in an interview published by Le Temps newspaper on Friday. It was Adam who made the headlines. In case you missed it, Jordan had specific comments regarding the Swiss franc: The Swiss franc can be significantly affected by political uncertainty both within Europe…
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Weekly Market Outlook (08-12 July)
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Upcoming Events: Monday:Japan wage data. Tuesday:National Federation of Businesses Small Business Optimism Index, Fed Chair Powell’s testimony. WednesdayJapan PPI, China CPI, RBNZ Monetary Policy Decision, Fed Chair Powell Testimony. ThursdayUK GDP, US CPI, US unemployment claims. Friday:New Zealand Manufacturing PMI, US Producer Price Index, University of Michigan Consumer Confidence Index…
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Why this is the most misunderstood bull market By Investing.com
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In a recent note, strategists at Alpine Macro said analysts have underestimated this bull market at every turn. Despite widespread skepticism, the global investment firm believes stocks are poised to continue to outperform expectations, driven by expanding earnings growth and a resilient economy. At midyear, the stock is trading above…