Category: sharply
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Shekel weakens sharply against US dollar
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The shekel is weakening sharply today against the US dollar and is strong against the euro. In the afternoon of interbank trading, the NIS-USD exchange rate rose 1.40%, to NIS 3.678/$, and the NIS-Euro rate rose 0.16%, to NIS 3.782/EUR. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate…
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Teva jumps sharply on bowel disease drug results
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Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa The stock price opened 20% higher on Wall Street after the Israeli company announced positive results from the phase 2 clinical trial of Docavitog, which it is developing with Sanofi, to treat ulcerative colitis (UC) and Crohn’s disease (CD).…
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Goldman Sachs and UBS see shekel gaining sharply
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The ceasefire agreement between Israel and Lebanon, which took effect last week, has led investment banks and rating agencies to revise their forecasts for the Israeli economy. Some of these organizations have provided particularly positive updates, which include a significant strengthening of the shekel and an improvement in Israel’s credit…
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Ethereum’s Staking Weekly Net Inflows Increased Sharply, What’s Behind The Surge?
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Interest in Ethereum, the second-largest cryptocurrency asset, is once again gaining momentum among retail and institutional investors, as evidenced by the strong increase in its net stake flows in the past week combined with recent improvements in the price of ETH. Continued growth in net inflows into Ethereum And in…
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Israel’s forex reserves fell sharply in October
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The Bank of Israel reported that Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of $4.303 billion from their level at the end of September. Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of…
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Bitcoin Futures Annualized Premium Climbs Sharply, Sign Of Strong Institutional Interest?
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As the cryptocurrency market maintains its bullish strength, many… Key metrics of Bitcoin It has shown strong and optimistic trends in recent weeks, which may influence prices positively, indicating a promising outlook for BTC in the coming days. Strong growth in Bitcoin futures BitcoinThe annual premium of futures contracts, a…
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Shekel sharply stronger after attack on Iran
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Boria Finance: The dollar continues to trade in the familiar range of 3.55-3.85 shekels/dollar, but in the long term, the price of the shekel is expected to rise. The shekel was sharply stronger today after a relatively restrained Israeli attack on Iran calmed market concerns about escalation. The Bank of…
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Shekel weakens sharply on Iran escalation concerns
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Perico: There is no change in our assessment, as the possibility of the shekel’s value rising is still limited, and the dollar may once again test the level of 3.8 shekels to the dollar. The shekel is weakening sharply today against the US dollar and the euro. This afternoon, the…
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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Shekel sharply weaker in wake of Wall Street falls
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The shekel is falling sharply today against the US dollar and the euro. In interbank trading late in the afternoon, the shekel rose against the dollar by 1.26% to NIS 3.717/USD, and the shekel rose against the euro by 1.35% to NIS 4.107/EUR. Yesterday, the Bank of Israel set the…
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Bitcoin Active Addresses Decline Sharply As Market Volatility Intensifies
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Bitcoin investors Cryptocurrencies appear to be showing a cautious approach as evidenced by the recent significant drop in the number of active BTC addresses, indicating a decline in on-chain activity as market instability continues. Bitcoin sees decline in active addresses Kyle Dobbs, market expert and host of Crypto Banter, subscriber…
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Ethereum Reserves On Exchanges Climb Sharply Here’s What It Means For ETH
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Although September started on a positive note, recent data shows that Ethereum Reserves Cryptocurrency exchange rates have seen a significant increase, raising questions about a potential impact on the market. The rise in the price of Ethereum on exchanges is seen as a change in investor sentiment, with some traders…
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Oil finishes the week sharply lower as the OPEC rumour mill begins
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WTI Weekly West Texas Intermediate crude had a poor end to the week, falling $2.33 to $73.57 on Friday. Oil prices rose sharply at the start of the week and remained in positive territory early today, but retreated when Reuters reported, citing sources, that OPEC still plans to start gradually…
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Oil finishes the week sharply lower as the OPEC rumour mill begins
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WTI Weekly West Texas Intermediate crude had a poor end to the week, falling $2.33 to $73.57 on Friday. Oil prices rose sharply at the start of the week and remained in positive territory early today, but retreated when Reuters reported, citing sources, that OPEC still plans to start gradually…
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…
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Israels forex reserves rise sharply
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Israel’s foreign exchange reserves rose from $204.665 billion to $213.634 billion over the past 12 months, slightly below the record foreign exchange reserves of $213.731 billion in March 2024. The Bank of Israel reported that Israel’s foreign exchange reserves at the end of July 2024 amounted to $213.634 billion, an…
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TA of the Day: Bitcoin Hits $70,000 But Reverses Sharply. A Minor Blip or a Major Trend Shift?
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Bitcoin price rose above $70,000 for the first time since early June, but was met with a wave of selling, causing it to fall by more than 3%. It is not yet clear what caused the price move, but it may be related to the US government’s transfer of more…
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Shekel weakens sharply after Nasdaq declines
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Over the past week the shekel fell by 0.6% against the US dollar, but in the past month it rose by 1.5%. The shekel is declining today against the US dollar and the euro. In afternoon interbank trading, the shekel rose against the dollar by 0.83% to NIS 3.657/USD, and…
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Japanese officials quiet on forex as yen sharply rebounds By Reuters
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Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda declined to comment on foreign exchange rates on Wednesday as the yen rose to its highest level against the dollar in more than two months. Asked about the yen’s recent…
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The USDCHF is sharply lower on the day,but respects key support target near 0.8819-0.8825.
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Yesterday, the USD/CHF pair rose and found support at the 200-day moving average early in the day, which turned the bias to the upside. It rose above the 38.2% retracement level of the recent move lower at 0.89072, extending to a high of 0.8923 before slowing at the close. But…