Category: pressure
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Hodler selling and hawkish Fed put pressure on Bitcoin prices By Investing.com
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Investing.com — It came under pressure last week, trading as low as $65,000 on Friday, as on-chain metrics showed Hodlers had been selling bitcoin since early June, according to HC Wainwright. The downtrend includes miner sales, adding to selling pressures amid a hawkish outlook from the Federal Open Market Committee…
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Dogecoin Under Pressure And ‘Going To Zero’, Analyst Says
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Beloved Dogecoin, the cryptocurrency with a Shiba Inu face that started as a joke, is having a tough time. The recent $16 million sale by a large holder, likely a “whale” investor, sent shockwaves through the DOGE community, raising questions about the memecoin’s long-term viability. Related reading Mags charts an…
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Rachel Reeves Faces Pressure to Raise Capital Gains Tax to Fund Public Services
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Rachel Reeves, Labour’s shadow chancellor, is under mounting pressure from colleagues to consider increasing capital gains tax (CGT) as part of an ambitious Autumn Budget designed to fund public services. With income tax, National Insurance and VAT increasing, Reeves is exploring alternative measures to raise revenue. Business insiders reveal that…
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One in fifteen European companies face restructuring pressure, with Germany, Austria, and the Nordics taking the lead
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One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. About a third of companies in Germany and…
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Seven Percent of European Firms Face Restructuring Pressure
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Breadcrumb links BMN Business One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. Article writer: Bloomberg News…
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Mt. Gox Bitcoin Moves Will Cause No Immediate Selling Pressure: CryptoQuant
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Analysts from market intelligence platform CryptoQuant say Bitcoin’s (BTC) recent moves through defunct cryptocurrency exchange Mt.Gox are not cause for concern and will not cause any immediate selling pressure on the digital asset. According to the latest weekly news a report From the analytics company, the transfers were carried out…
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Canadian dollar under pressure amid rate cut expectations By Investing.com
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Inavesting.com – The Canadian dollar has underperformed compared to other pro-cyclical currencies since the beginning of May, dragged down by its correlation to US economic data and interest rate expectations from the Federal Reserve. Market analysts expect a 25 basis point interest rate cut by the Bank of Canada in…
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Bitcoin Selling Pressure Subsides as Demand Stabilizes: CryptoQuant
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The price of Bitcoin (BTC) rose beyond the $60,000 level to the $67,000 region on news of a lower-than-expected inflation rate in the United States. According to the latest weekly CryptoQuant a reportBitcoin’s recent rally has also been sustained by the recent decline in selling pressure. However, the demand for…
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Rising yields put some pressure on equities
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SPX daily The energy market may be the tail wagging the dog today. West Texas Intermediate crude rose 1% and is near $80, while July natural gas is near $2.75 as US production declines. Oil was as low as $76.70 on Wednesday, but quickly turned around after signs emerged that…
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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
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Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could delay any real recovery. “The rapid sequence of nearly $2 billion in token unlocks over the next 10 weeks could send the altcoin market plummeting,” cryptocurrency analytics firm 10x Research noted…
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Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
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Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
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EURUSD falls below key moving averages and sees increased selling pressure.
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EURUSD breaks lower and moves away from the 100/200 hourly moving averages Admittedly, EURUSD is trading near the middle of the range between 1.0550 and 1.0743. The range has been in effect for the last 6 trading days or so. When the market moves up and down, moving averages move…
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Denmark’s Novo Nordisk expects 27% sales surge this year but faces price pressure for weight loss drug Wegovy amid Eli Lilly competition
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Novo Nordisk A/S raised its earnings forecast as the drugmaker now ships five times more introductory doses of the weight-loss drug Wegovy in the US than at the end of last year. More than 25,000 patients are now starting treatment each week in the United States, CEO Lars Frørgaard Jørgensen…