Category: Markets
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Binance Assists Dutch Authorities in Exposing $30M Online Fraud
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Dutch media outlet NOS reported that Binance assisted Dutch authorities in an investigation that led to the seizure of assets worth millions of euros and the arrest of a 26-year-old man on suspicion of online fraud. Grab luxury cars and cryptocurrencies Dutch authorities, along with the Tax Investigation and Financial…
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Japan’s May 1 intervention may have cost $23.6 billion, BOJ data shows By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – Japanese officials may have spent about 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from its lowest levels in nearly 34 years, Bank of Japan data showed on Thursday. The data showed that the Japanese…
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Major US indices close higher for the day and the week
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The three major US stock indexes closed higher today and this week. The Nasdaq led gains on both measures. Today’s summary shows: The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.69 points. The Standard & Poor’s index rose 63.61 points, or 1.26%, to 5,127.80 points. The Nasdaq…
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Sony, Apollo await response to $26 billion Paramount bid By Reuters
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By Don Chmielewski (Reuters) – Sony Pictures Entertainment and private equity firm Apollo Global Management (NYSE:) on Wednesday made a $26 billion offer for Paramount Global but had not yet heard back as of Friday, according to a person familiar with the matter. A special committee of Paramount’s board of…
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A Step Towards Financial Empowerment, or a Recipe for Overspending?
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Yen surges on suspected intervention, 160 seen as key level By Reuters
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Written by Kevin Buckland, Tetsushi Kajimoto, and Gertrude Chavez-Dreyfus TOKYO/NEW YORK (Reuters) – The yen rose against the dollar in the early hours of Asia on Thursday in what traders suspected was another round of intervention by Japanese authorities to halt a sharp decline in the currency, with the 160-point…
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AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?
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AUDUSD rose sharply after the US jobs report. The price rise pushed the pair above the 100-day moving average at 0.6580, a 50% move down from the December high of 0.66159 and up to the ceiling of the key swing zone between 0.6335 and 0.6345. Sellers built on this ceiling…
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Drugmaker Amneal agrees to $270 million U.S. opioid settlement By Reuters
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Written by Nate Raymond (Reuters) – Amnial Pharmaceuticals (Nasdaq) said on Friday it had reached an agreement worth more than $270 million to settle allegations that it helped fuel the deadly opioid epidemic in the United States, becoming the latest drug company to settle lawsuits over the addiction crisis sparked…
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Mastercard Teams Up with Fintech Startups to Accelerate Digital Payment Solutions
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Japanese yen rises, USDJPY hits 3-week low on suspected intervention By Investing.com
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Investing.com — The Japanese yen rose on Friday, with the USD/JPY pair hitting a three-week low after sharp declines this week that traders largely attributed to government intervention. The pair, which measures the amount of yen needed to buy one dollar, was trading 0.2% higher at 153.34 yen. It had…
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ForexLive European FX news wrap: Dollar lags in run up to US jobs report
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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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Magna shares tumble 5% on earnings miss By Investing.com
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Aurora, Ontario – Magna International (NYSE:) Inc. (TSX: MG; NYSE: MGA) reported a significant earnings loss in the first quarter of 2024. The auto supplier reported adjusted earnings per share (EPS) of $1.08, below analyst consensus of $1.25. Despite meeting revenue expectations of $10.97 billion, which was in line with…
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Financial Legacies in Hong Kong
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Dollar on back foot ahead of jobs report; yen on track for hefty weekly gains By Investing.com
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Investing.com – The US dollar fell slightly on Friday, as activity eased ahead of the widely watched monthly US jobs report, and the Japanese yen braced for its next week in more than a year. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket…
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It’s going to a be a dull market until the US NFP and ISM Services PMI
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There is no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likely see range-bound price action heading into the US NFP and ISM Services PMI release. So, in the big picture, nothing has changed We…
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Adidas plots to swerve Samba slump By Reuters
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Written by Helen Reid LONDON (Reuters) – As Adidas (OTC:) aims to build on growing demand for its black-and-white Samba three-stripe sneakers and multicolored Gazelle sneakers, it is also taking steps to prevent the shoes from becoming a victim of its own success. The German sportswear giant has ramped up…
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Webull Launches ’24-Hour Trading’ in Australia
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Webull, a US stock trading platform with a global presence, has expanded its offerings to traders in Australia by offering 24-hour trading services. However, the service will be limited to trading US stocks and ETFs. Compatibility with US market hours According to today’s (Friday) announcement, the platform will initially support…
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Asia FX on guard before payrolls data, yen rebounds amid likely intervention By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, benefiting from a lower dollar as markets retreated ahead of key US jobs data that is likely to weigh on interest rates. The dollar was also under pressure due to the recovery of the Japanese yen, which moved further away from…
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Daily Broad Market Recap – May 2, 2024
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The US dollar continued to lose points against its major counterparts, as more traders digested the less-tight-than-expected monetary policy decision by the Federal Reserve. Other major financial assets and their dollar counterparts were more variable as they reacted to the dollar’s trends and individual drivers. This is what you missed…
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Japan’s finance minister Suzuki and Bank of Japan Governor Ueda press conference on Friday
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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…