Category: pressure
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Bank of England faces pressure to cut rates as job vacancies and factory output decline
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The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job vacancies fell by 3.2% in August, with nearly 720,000 new advertisements, reflecting a slowing labour…
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Bitcoin Under Pressure: State Street And Galaxy Roll Out Three New Crypto-Focused ETFs
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State Street Global Advisors and Galaxy Asset Management announced Tuesday the launch of three new cryptocurrency-focused exchange-traded funds (ETFs). The move comes as investors pull back from spot bitcoin funds, reflecting a sense of fear in the market. Actively Managed Crypto ETFs According to The newly launched exchange-traded funds include…
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Norway fund under growing pressure over Israel
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Norway’s sovereign wealth fund is considering tightening its ethical standards for investments and divesting from more global companies linked to Israel’s war in Gaza, Reuters reported, according to a letter seen by Reuters that the fund’s ethics board sent to the Norwegian finance ministry on Aug. 30. The fund, one…
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Israel’s main labour union calls strike as pressure mounts for hostage deal By Reuters
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By Emily Rose and Stephen Sher JERUSALEM (Reuters) – The head of Israel’s largest labor union called for a general strike on Monday to pressure Prime Minister Benjamin Netanyahu’s government to return Israeli hostages still being held by Hamas in Gaza, as thousands of protesters took to the streets. The…
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Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Further pressure on the US dollar is likely: UBS By Investing.com
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The US dollar is expected to face increasing downward pressure in the coming months, despite recent support from stronger-than-expected economic data. According to analysts at UBS, the outlook for the US dollar remains bearish, driven by a combination of narrowing interest rate differentials, concerns about the widening US fiscal deficit,…
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Needham lowers Pure Storage stock PT, expects pressure from elongated sales cycles By Investing.com
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On Thursday, Needham Financial Services revised its financial outlook for Pure Storage (NYSE: ), lowering its price target to $62 from $80 previously while maintaining a buy rating on the stock. The revision comes on the heels of Pure Storage’s Q2 FY25 performance, which despite beating expectations, led to expectations…
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Uber raises charges, including minimum fare, after pressure from drivers
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Uber has raised its ride prices, including the minimum fare, in response to pressure from its drivers, who have protested its prices for months and even resorted to setting their own prices in recent weeks. In an announcement on Monday, the company said the price increases would be across its…
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Ethereum To Remain Under Bearish Pressure As Taker Buy/Sell Ratio Drops
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Amid the general financial market crash in early August, Ethereum (ETH) lost around 30% of its value, falling to $2,226 per unit. It is worth noting that in the past few weeks, the prominent altcoin has shown a great deal of resilience in climbing to the $2,600 price zone. However,…
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Ethereum To Remain Under Bearish Pressure As Taker Buy/Sell Ratio Drops
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Amid the general financial market crash in early August, Ethereum (ETH) lost around 30% of its value, falling to $2,226 per unit. It is worth noting that in the past few weeks, the prominent altcoin has shown a great deal of resilience in climbing to the $2,600 price zone. However,…
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PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support
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Recent trading activities reveal that baby It is under increasing selling pressure as its price drops below the critical support level of $0.00000766. This drop indicates another bearish move, with Bears Regaining control and looking for further decline towards the 00000589 level. A drop below this key level raises concerns…
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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Elbit CEO: Some investors bowed to political pressure
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Demand for defense technology products Elbit Systems Ltd. (NASDAQ: ESLT; level:ESLTThis can be seen in the order backlog, revenue and profit growth. Elbit ended the second quarter of 2024 with an order backlog of $21.1 billion, up 31% from the same quarter in 2023. Revenue in the second quarter was…
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US dollar sees some selling pressure as yields sag
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The US dollar is under moderate selling pressure across the board as the London trading week comes to a close. The dollar benefited from safe-haven trading early in the week, but markets have calmed down, reducing some safe-haven flows. Meanwhile, the Treasury market has also been volatile, but yields appear…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Over 30 Chinese firms cut ties with PwC amid Beijing’s pressure over Evergrande scandal
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PricewaterhouseCoopers has seen a major loss of major clients in China after pressure from Beijing, which has urged state-owned companies to cut ties over the firm’s involvement with troubled property developer Evergrande. Over the past few months, China’s Ministry of Finance has issued “enforceable guidance” – informal verbal instructions –…
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ATOM Shows 10% Surge in Price After Significant Sell Pressure
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Cosmos Hub’s ATOM coin burst onto the scene after gaining some momentum from the recent poor market performance. According to quinjicoThe token is up over 10% since yesterday’s overreaction in the market. This is largely due to Cosmos’ continued efforts to innovate despite the now-down market performance. recoil More than…
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US steps up pressure on Kenya over graft, civil liberties
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The Biden administration has stepped up pressure on Kenya to step up its fight against corruption and protect civil liberties as talks continue on a bilateral trade agreement between the two countries. Washington has sent a senior democracy and human rights official to Nairobi amid widespread reports of violations of…
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XRP Faces Bearish Pressure After Crashing Critical Support, Eyes $0.4663
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XRP price has recently seen significant bearish momentum, breaking through a crucial support level at $0.5724. With the cryptocurrency breaking through the key support level, it signals a major shift in the market. feelingsraising concerns that the downward trend could continue. This breakout suggests that selling pressure is building up…
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Ethereum Price Under Pressure: Watch Out For $3,000
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…