Bitcoin’s recent bounce-back from the $25,500 support level on June 6 has showcased its resilience. However, market data from derivatives suggests that surpassing the $27,500 mark will not be an easy feat for the crypto. Challenges Ahead for Bitcoin’s Price Surge (approx. 70 words): Despite the quick recovery, the path to breaking above $27,500 appears …
Bitcoin’s Recovery Doubtful Amid Challenging Market Data Read More »
The Asian stock markets displayed mixed results on Wednesday. Following a lackluster trading day on Wall Street, primarily due to the absence of market-moving data. China’s report of a decline in exports and imports further signaled a slowdown in its economic recovery after the easing of anti-virus restrictions. Meanwhile, investors remained cautious amid ongoing concerns …
Oil prices rose to $77 on international markets on Friday, boosted by estimates that the White House and Congress will agree to raise the US debt ceiling and remove the threat of payment problems. On the London market, the price of a barrel was 1.15 dollars higher around noon than at the close of trading …
Oil Prices on International Markets Rose to 77 Dollars Read More »
The global inventory gauge fell for a fourth straight day while the dollar rose as the European Central Bank boosted the interest rates on Thursday, signaling the need for further monetary tightening, a day after the United States Federal Reserve also hiked interest rates. United States Government bond yields fell, and oil prices stabilized …
The Slump in The Stock Market Following Fed Release Read More »
The Federal Reserve boosted the interest rate by 0.25 percentage points on Wednesday, signaling that it may delay further hikes to give officials time to assess the influence of recent bank failures and await and monitor the resolution of the US debt political impasse inflation. A unanimous decision raised the US Federal Reserve’s interest …
Federal Reserve Interest Rate Boosts and Its Effect Read More »
Stock futures fell on Thursday, a day after the Federal Reserve boosted interest rates by another 25 basis points. Traders also struggle with recurring fear of contagion in the regional banking space. Futures of the Dow Jones Industrial Average declined by 0.3% or 131 points. S&P 500 futures declined by 0.4%, while Nasdaq 100 …
A Slump in The Stock Market Due to Fed Rate Boost Read More »
On Tuesday, oil prices fell to their lowest level since late March. According to the disappointing Chinese economic data, predictions of interest rates rose significantly. The US Federal Reserve and the European Central Bank (ECB) expressed concerns about sufficient supply this week. Brent crude slid $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT. …
Job postings in the United States declined for the third month in a row in March. Meanwhile, the layoffs reached their highest level in more than two years, according to statistics released on Tuesday. Investors hold onto hopes that a weaker labor market may help the Federal Reserve battle inflation. The US dollar index, which …
The EUR/USD dipped throughout Friday’s trading session. However, it eventually recovered and showed signs of resilience. Meanwhile, investors were eager to take a little risk ahead of the weekend. The US dollar rose against a number of currencies. However, selling the Japanese yen became the largest mover of the day. The euro seems to continue …
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 …
Euro is hovering at a one-year high as the US outlook dims Read More »
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 …
On Friday, the Federal Reserve’s aggressive rate-hike cycle appeared to be coming to an end. At such a pace, it puts pressure on the US dollar to suffer its second consecutive monthly loss. In contrast, the yen held steady near a one-week high ahead of a crucial central bank decision. Asia is paying close attention …
Inflation concerns and dollar’s path to monthly loss Read More »
Despite modest improvements on Friday, oil prices were heading for a second week of losses. The weak US economic data and a lack of certainty regarding future interest rate increases affected the situation drastically. The more actively traded July contract was up 47 cents, or 0.6%, at 78.69 a barrel. Meanwhile, June Brent crude futures …
Oil market set for weekly decline as recession worries intensify Read More »
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 …
Financial worries as the euro declines; US dollar at a rise Read More »
This week’s forex market movement might be choppy. Participants hunt for the next fundamental driver. Following Wednesday’s underwhelming comeback, the US Dollar Index resumes its sideways crawl on Thursday. The forex risk sentiment remains neutral. The European Central Bank (ECB) will publish the minutes of its most recent policy meeting. Later, President Christine Lagarde will …
Forex: investors are looking for new catalysts in central bank Read More »
