Sun, May 28, 2023

Asian countries

Euro

Euro is hovering at a one-year high as the US outlook dims

On Thursday, the euro stayed at a one-year high versus the dollar. Europe’s strong economy contrasted with financial worries and another US debt ceiling standoff. It was recently up 0.05% against the dollar at $1.104, not far off the one-year high of $1.1096 set yesterday. The dollar index, which compares the greenback to six major …

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Stock Market

The Different Stock Market Analysis for Today

Here are some stock markets making headlines today. Stock Markets Analysis Indian stock indices gradually recovered from the easing of early morning volatility to close near daily highs on Friday. While IT, media stock, and PSU banks all traded higher since morning, NBFCs and private banks reversed the start of the decline. In contrast, consumer …

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Top Things to Check in Bitcoin This Week

A week of crypto turmoil: Bitcoin rises, Ethereum falls

A week of concerns about additional US bank failures and a potential recession is almost over. Remarkably, Bitcoin increased in Friday morning trade in Asia to hover above US$29,500. Therefore, some observers claim that new interest in the world’s largest cryptocurrency as a safe haven asset is emerging. Simultaneously, Ethereum dipped slightly but remained above …

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Stocks

A Slump in Asian Stock Market Due to Bank Fears

Asian stocks were mostly lower on Thursday, mirroring a decline in Wall Street as concerns over the US banking sector and inflationary pressures exerted on investor sentiment.   Asian Stock Analysis Japan’s benchmark index, the Nikkei 225, declined by 0.2% to 28,349 in the morning trade. Australia’s S&P/ASX 200 declined by 0.4% to 7,288.70. South …

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Asian Stock

A Slump in Asian Stock Market Due to Economy Worry

On Wednesday, Asian stocks were mostly lower as concerns mounted over the global economy’s health following the Wall Street crash despite better-than-expected gaining reports.   Sydney, Shanghai, Tokyo, and Seoul fell while Hongkong rose in early trade.   “From the banking crisis still looming just beneath the surface, to the knowledge that Russia has an …

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dollar, Weekly Market Overview: Forex, Stocks, Crypto, Commodities

Financial worries as the euro declines; US dollar at a rise

Next week’s European Central Bank (ECB) meeting forced the forex market to undergo some modifications. Reportedly, the euro fell even as officials kept the door open to a 50 basis point rate hike. The US dollar nudged higher as risk sentiment worsened in Europe due to rising banking worries. The last First Republic Bank and …

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Last Week’s Stock Market Overview

Wednesday Forex: Everything you need to know about market

In the first half of the week, investors are looking for the next catalyst. Major currency pairings have struggled to make a significant move in either direction. Nonetheless, early Wednesday’s cautious market atmosphere appears to be aiding the US Dollar’s recovery. Later in the session, Eurostat will release revisions to the March Harmonized Index of …

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Oil prices rose

Oil prices fell as potential U.S. interest rate hikes could slow growth

Oil prices retreated as a potential U.S. interest rate hike, which could slow growth and pause oil consumption, weighed on strong economic data from China. Brent crude futures were down $1.83, or 2.23%, at $82.94 a barrel, while West Texas Intermediate was down $1.83. The U.S. Federal Reserve is likely to make another interest rate …

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dollar

Dollar steadied after it seesawed with bond market volatility

The dollar held steady after seeing bond markets falter as investors eyed U.S. economic data. Meanwhile, the dollar index advanced 0.112% to 101.84 in Asian trade after retreating 0.37% on Tuesday, reversing the previous session’s 0.54% rally. Two-year U.S. Treasury yields hit a near one-month high of 4.232% overnight and remained higher in Tokyo trading …

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