Category: market
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Euro Nears 1.10 as Market Awaits ECB Meeting and US Jobs Data By Investing.com
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Investing.com – The Euro (EUR) saw a slight rise on Monday, crossing the 1.09 mark against the US Dollar (USD), as traders anticipate potential catalysts that could lead to further rises. Despite the lack of enthusiasm in the FX options market, with one-month implied volatility still at a low of…
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U.S. job openings reach a 3 year low. It’s an employer’s market now
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US job openings fell in April to their lowest level in more than three years, consistent with a gradual slowdown in the labor market. The number of jobs available fell to 8.06 million from a downwardly revised reading of 8.36 million the previous month, the Bureau of Labor Statistics’ Job…
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Daily Broad Market Recap – June 3, 2024
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Fed rate bets kept volatility interesting for major financial assets on Monday. Spot gold is gaining ground on general US dollar weakness and ahead of this week’s US employment data, while the Canadian dollar is attracting bearish demand ahead of the Bank of Canada’s decision. Titles: Australia’s MI inflation index…
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Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market
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Recent data shows that Bitcoin (BTC) supply And Ethereum (ETH) on exchanges decreased significantly. This means The largest crypto codes In terms of market cap it could be well poised for big moves to the upside, with an impending supply squeeze. The supply of Bitcoin and Ethereum has fallen to…
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Housing market crisis: Landlords and investors in the rental space are thriving, top real estate leader says
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It’s no secret that we’re in the midst of an affordability crisis in the housing world. Things have not been the same since the beginning of the pandemic; House prices high and Mortgage rates Also high. For some, the idea of owning a home has become more distant, if not…
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Notcoin (NOT) Notches 47% Daily Profit To Emerge Top Market Gainer
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The popular play-for-profit token Notcoin (NOT) has continued to attract investors’ attention over the past week with an amazingly positive performance in the market. according to Data from CoinMarketCapNotcoin rose 46.97% in the last day to emerge as the best performing asset in the market. Related reading Notcoin records weekly…
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Notcoin (NOT) Notches 47% Daily Profit To Emerge Top Market Gainer
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The popular play-for-profit token Notcoin (NOT) has continued to attract investors’ attention over the past week with an amazingly positive performance in the market. according to Data from CoinMarketCapNotcoin rose 46.97% in the last day to emerge as the best performing asset in the market. Related reading Notcoin records weekly…
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Weekly Market Outlook (03-07 June)
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Upcoming events: Monday: China Caixin Manufacturing PMI, Swiss Manufacturing PMI, Canadian Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: Swiss Consumer Price Index, US job opportunities. Wednesday: Average monetary income in Japan, Australian GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, Bank of Canada Policy Decision, US…
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NFT market slumps over 7%: Ethereum leads despite declinee
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The non-fungible token (NFT) market had another slow week, with total sales down 7.5% over seven days, to $121.4 million on June 1. Top blockchains by sales volume Over the past seven days, Ethereum (ETH) has remained in first place as the leading blockchain for NFT transactions after overtaking Bitcoin…
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Bitcoin Shark, Whale Investors Go To The Market
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Sharks and whales Bitcoin Relentless in accumulating major cryptocurrencies though Price action is not impressive. These categories of investors are seen to have increased their positions in Bitcoin in the past five months. This is undoubtedly bullish for the Bitcoin ecosystem and could soon impact the price of Bitcoin. Bitcoin…
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Bitcoin Shark, Whale Investors Go To The Market
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Sharks and whales Bitcoin Relentless in accumulating major cryptocurrencies though Price action is not impressive. These categories of investors are seen to have increased their positions in Bitcoin in the past five months. This is undoubtedly bullish for the Bitcoin ecosystem and could soon impact the price of Bitcoin. Bitcoin…
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Daily Broad Market Recap – May 30, 2024
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Revised US economic growth data sent the US dollar and other major financial assets all over the charts yesterday! What exactly do market players need? We have a list of yesterday’s most important headlines: Titles: Rafael Bostic, a voting member of the Federal Open Market Committee, expects the Fed to…
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Housing crisis: Top real estate economist calls the housing market unaffordable
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If there was one word to succinctly describe the world of housing right now, what would it be – perhaps unaffordable? That’s what it looks like for Redfin’s chief economist, Chen Zhao, who said earlier this week: “Affordability is actually the story in the housing market right now.” in Interview…
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India topples UAE as Kenya’s second largest imports market
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India has regained its position as Kenya’s second largest source market, replacing the United Arab Emirates, whose shipments fell by double digits due to relative stability in petroleum product prices. An analysis of official trade figures for the first three months of the year shows that traders spent Sh72.01 billion…
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New report shows Samsung’s Galaxy S24 Series is dominating AI smartphone market By Investing.com
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According to a report by Counterpoint Research, Samsung’s Galaxy S24 (KS:) series dominated the AI smartphone market in the first quarter of this year. The company said the latest research from its global phone model sales tracker shows that smartphones equipped with GenAI technology contributed 6% to global smartphone sales…
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Robinhood Unveils Crypto Trading API to Enhance Market Accessibility
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Robinhood introduced the Crypto Trading API, a service that enables users to craft their own trading software and use algorithms to execute trades. This offering aims to simplify trading processes and allow users to diversify their strategies, meeting the needs of experienced and new traders exploring the market. The Robinhood…
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Daily Broad Market Recap – May 29, 2024
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The US dollar has been the biggest winner in recent trading sessions, thanks to rising bond yields and some risk-off flows. Even the somewhat gloomy Beige Book from the Fed did not appear to be enough to halt the dollar’s rise, as inflation and jobs indicators continue to show modest…
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Jamie Dimon says there could be ‘hell to pay’ if the swelling private-credit market starts showing cracks
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Jamie Dimon, CEO of JPMorgan ChaseAlex Brandon/AP “It could be hell to pay” if private credit markets fluctuate, Jamie Dimon said. He warned that there are bad actors in the industry, and they are likely to be the source of any problems. “I don’t think it’s systemic, but I expect…
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Daily Broad Market Recap – May 28, 2024
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Just when it looked like the markets were calming down again, volatility began as US traders returned to their offices after the Memorial Day holiday. West Texas Intermediate crude rose more than 2% to reach $80 per barrel again, while US bond yields also made significant gains after the Treasury…
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Shiba Inu (SHIB) Explodes 15% Daily, Bitcoin (BTC) Maintains $68K (Market Watch)
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The price of Bitcoin has been on a wild ride in the past few days, first heading north to over $70,000 before falling to $67,000 the next day. Altcoins have recovered some of yesterday’s losses, with most of them turning green. SHIB and WIF lead the pack in the coin…