Category: Strong
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Strong jobs report propels dollar to best week since 2022 By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar jumped to a seven-week high on Friday and was on track to record its best week since September 2022 after a surprisingly strong September jobs report prompted traders to scale back their bets that the Federal Reserve would raise $50.…
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A strong competitor to Dogecoin
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Bold 2024 Prediction Sparks Excitement in Cryptocurrency ETF Market; Analysts see ETFSwap rising to rival Dogecoin. An explosive new prediction has rocked the world of exchange-traded cryptocurrencies. Analysts are…
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A strong competitor to Dogecoin
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Bold 2024 Prediction Sparks Excitement in Cryptocurrency ETF Market; Analysts see ETFSwap rising to rival Dogecoin. An explosive new prediction has rocked the world of exchange-traded cryptocurrencies. Analysts are…
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US major indices close the day higher helped by strong jobs
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US stocks rose despite rising yields as US jobs showed strength and striking dockworkers reached a tentative agreement to avoid a long-term closure of the main port. A snapshot of the closing levels is shown: The Dow Jones Industrial Average rose 341.16 points, or 0.81%, to 42,352.75 points. The Standard…
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Forexlive Americas FX news wrap 4Oct:US jobs report is strong. USD, yields and stocks rise
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The US September jobs report beat expectations today, with non-farm payrolls rising by 254,000 compared to expectations of 140,000. The unemployment rate decreased slightly to 4.1%, approaching 4.0%, and the participation rate stabilized at 62.7%. Private sector payrolls rose by 223,000, while average hourly earnings rose 0.4% month-over-month and 4.0%…
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UK vehicle traders and manufacturers want strong fiscal incentives from government
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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 more risk 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 or…
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UK vehicle traders and manufacturers want strong fiscal incentives from government
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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 more risk 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 or…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Toncoin nears a dreaded pattern despite strong on-chain metrics
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The Toncoin token remained in a bear market and was at risk of forming a fearsome death cross pattern, despite strong on-chain metrics. Toncoin (TON) was trading at $5.81 on Monday, September 30, down more than 30% from its year-to-date high. Robust on-chain metrics Additional data showed that the number…
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Toncoin nears a dreaded pattern despite strong on-chain metrics
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The Toncoin token remained in a bear market and was at risk of forming a fearsome death cross pattern, despite strong on-chain metrics. Toncoin (TON) was trading at $5.81 on Monday, September 30, down more than 30% from its year-to-date high. Robust on-chain metrics Additional data showed that the number…
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Strong Thai baht hitting exporters and tourism, says central bank By Reuters
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BANGKOK (Reuters) – The rapid rise in the value of the Thai baht is affecting exporters and tourist spending, the Thai central bank said on Monday, adding that the currency was rising due to a weak dollar against strong regional currencies such as the yuan and yen. The baht hit…
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Copper Technical Analysis – Chinese big easing measures trigger a strong rally
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Basic overview Last week, the People’s Bank of China (PBoC) announced a lot of easing measures ranging from short-term and long-term interest rate cuts. Copper rose strongly as China accounts for more than 50% of copper demand. Things are starting to look better for the market as the Fed also…
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Wall St closes higher on strong US economic data By Reuters
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Written by Echo Wang (Reuters) – Wall Street’s major indexes closed higher on Thursday, hitting a record high, as a rise in Micron Technology (NASDAQ:) shares and a strong U.S. jobless claims report eased concerns about the labor market. Shares of Micron Technology rose after the memory chip maker forecast…
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Raspberry Pi shares surge after strong first update since flotation
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Raspberry Pi, the British maker of affordable microcomputers, reported stronger-than-expected profits in its first financial update since going public on the London Stock Exchange in June. The company, which raised £178.9m through its initial public offering and joined the FTSE 250 index, saw its sales rise 61% year-on-year to $144m…
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Copper Technical Analysis – The PBoC triggers a strong rally
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Basic Overview The People’s Bank of China announced a series of easing measures tonight, ranging from short-term to long-term interest rates. This was the catalyst for the rise in copper prices. Things are starting to look better for the market as we also got a 50bps rate cut from the…
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Fed’s Waller: We’re at a point where the economy is strong and we want to keep it that way
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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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Dollar edges off lows; sterling gains after strong retail sales By Investing.com
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The US dollar rose slightly on Friday, but remained under pressure after a major interest rate cut by the Federal Reserve, while the British pound rose strongly after healthy UK retail sales data. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six…