Category: Points
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US dollar rebounds to the highs of the day as enthusiasm for 50 basis points fades
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The market took a long look at the August nonfarm payrolls data and decided it wasn’t weak enough to price in a 50 basis point rate cut by the Federal Reserve this month. Initially, the softer headline number and downward revision sent the odds of a 50bp rate up to…
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Bitcoin Set For Further Losses As Data Points To Stormy September – Details
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according to Data from CoinMarketCap, Bitcoin had a turbulent end to August, losing 7.75% of its market value in the last week. This price drop confirms the overall negative performance of the crypto market leader over the past month, with a monthly price decline of 10.64%. Interestingly, amidst this bearish…
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Election and rate cut points to UK home sales pickup, RICS says By Reuters
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LONDON (Reuters) – Britain’s housing market looks set for a sales recovery in the coming months after the Bank of England cut interest rates and the new government shifted its focus to the sector, a survey showed on Thursday. The Royal Institution of Chartered Surveyors said its gauge of expected…
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Dow jumps 285 points as traders try to extend comeback from big sell-off
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Lucky Photographer/Shutterstock U.S. stocks rose on Wednesday as traders tried to extend a rally that began on Tuesday following a recent sell-off. The Bank of Japan indicated that it will pause interest rate hikes in the near term, boosting investor sentiment. Major stock indices, with the Dow Jones up about…
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Dollar falls as data points to economic slowdown; sterling weak By Investing.com
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Investing.com – The U.S. dollar fell in early European trade on Friday after weak data fueled concerns of a sharp slowdown in the world’s largest economy, which could prompt the Federal Reserve to ease monetary policy significantly. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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China cuts 1 and 5 year loan prime rates by 10 basis points each
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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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Dow surges 742 points and small caps rally as investors bet big on Fed rate cuts
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The Dow Jones rose more than 700 points on Tuesday.Getty Images The Dow Jones rose more than 700 basis points on Tuesday. Small-cap stocks saw the biggest gain as bets on lower interest rates helped drive rotation to other parts of the market. Retail sales also encouraged investors, easing concerns…
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S&P 500, Dow surge to record highs as blue chip index gains over 700 points
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Investors are confident that the Federal Reserve will cut interest rates by the end of its meeting in September. As of Tuesday morning, markets were pricing in a 100% chance of a rate cut in September, According to CME FedWatch TooNo, up from 70% a month ago. The increased confidence…
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LayerZero On The Rise: ZRO Bullish Momentum Points To New Highs
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LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning it to potentially reach new highs in the future. This continued upward trend indicates growing investor confidence and increased market interest in the platform’s potential. As ZRO continues to gain momentum, technical indicators suggest that this momentum could push the price…
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FX Watch: AUD/CAD’s Potential Entry Points for BOC’s Decision
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The AUD/CAD pair looks set to retest a major inflection point ahead of the Bank of Canada policy decision! In case you missed it, the Canadian dollar was one of the biggest losers yesterday after OPEC+’s decision to extend the production cut agreement until 2025 failed to ease concerns about…
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Positioning points to further S&P 500 upside
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Investing.com – US stock indices are near all-time highs, and Citigroup sees potential for further upside as investor positions turn increasingly bullish, while positive flows in Europe have stalled. The two indices rose to record levels last week, and Citi sees the potential for further gains based on new risk…