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Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Mar 25, 2024
Gold Whipsaws and Signals a Potential Momentum Shift The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher side of estimates in...
Oil Update: Russia
Oil Update: Russia
Mar 23, 2024
Brent Crude Oil News and Analysis Over 150 missiles and drones fired in latest attack on UkraineOil prices ease into the weekend despite attacks on energy infrastructureIG client sentiment focuses on recent changes in positioning to arrive at bearish biasThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our...
US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat
US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat
Mar 25, 2024
US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPY Most Read: US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups The dollar fell slightly on Monday, but losses were moderate and probably contained by rallying U.S. Treasury yields. Many traders decided to take profits after the greenback's strong performance last week, while others avoided taking large directional positions in...
Gold IG Client Sentiment: Our data shows traders are now net
Gold IG Client Sentiment: Our data shows traders are now net
Mar 25, 2024
Number of traders net-short has decreased by 16.42% from last week. SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI Gold BEARISH 50.43% 49.57% 11.14% Daily7.51% Weekly 6.18% Daily-16.42% Weekly 8.62% Daily-5.85% Weekly Gold Bearish Data provided by of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 11% 6% 9% Weekly 8% -16% -6%...
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Equinox Gold to See Mixed Valuation Implications From Orla Mining Acquisition, RBC Says
Equinox Gold to See Mixed Valuation Implications From Orla Mining Acquisition, RBC Says
Jun 8, 2026
11:07 AM EDT, 06/08/2026 (MT Newswires) -- Equinox Gold's ( EQX ) planned acquisition of Orla Mining ( ORLA ) has mixed valuation implications, including an estimated 5% dilution to net asset value per unit, RBC Capital Markets said in a Monday note. The complementary free cash flow profile is the deal's most positive valuation item, with Orla providing near-term...
MKS Insider Sold Shares Worth $767,270, According to a Recent SEC Filing
MKS Insider Sold Shares Worth $767,270, According to a Recent SEC Filing
Jun 8, 2026
11:06 AM EDT, 06/08/2026 (MT Newswires) -- Michelle M McCarthy, Senior Vice President & Chief Accounting Officer, on June 05, 2026, sold 2,434 shares in MKS (MKSI) for $767,270. Following the Form 4 filing with the SEC, McCarthy has control over a total of 2 common shares of the company, with 2 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1049502/000104950226000105/xslF345X05/form4.xml Price: 318.98,...
Mascarene Partners Acquires Iron Pillar United Mining Group
Mascarene Partners Acquires Iron Pillar United Mining Group
Jun 8, 2026
NEW YORK--(BUSINESS WIRE)-- Mascarene Partners (Mascarene), a middle-market infrastructure investment platform focusing on North American transportation and industrial businesses, today announced that it has partnered with management to acquire General Drilling Inc. (GDI) from Fred Weber Inc. (Fred Weber) and Venture Drilling East d/b/a Two Eight Southeast (Venture Drilling East), combining the two businesses to form Iron Pillar United Mining...
Western Digital Says 21.3 Million Shares to Be Exchanged With Holders of Convertible Senior Notes due 2028
Western Digital Says 21.3 Million Shares to Be Exchanged With Holders of Convertible Senior Notes due 2028
Jun 8, 2026
11:08 AM EDT, 06/08/2026 (MT Newswires) -- Western Digital ( WDC ) said Monday that an aggregate of 21.3 million shares will be exchanged with certain holders of its 3.00% convertible senior notes due 2028, under the company's previously signed exchange agreement. On June 3, Western Digital ( WDC ) said it agreed to exchange about $858.4 million aggregate principal...
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
Jul 4, 2024
TL;DR Bitcoin fell below $55,000, now at $54,200, potentially influenced by several elements. The market crash led to $670 million in liquidations, with the largest liquidated order happening on crypto exchange Binance. The primary cryptocurrency continues its freefall, dipping under the $54,000 mark today (July 5). Currently, it trades at around $54,200 (per CoinGeckos data), which is the lowest level...
Bitwise Files Amended Spot Ethereum ETF S
Bitwise Files Amended Spot Ethereum ETF S
Jul 4, 2024
Asset management firm Bitwise has amended its S-1 registration with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether exchange-traded fund (ETF). This follows SEC Chair Gary Genslers statement that the commission might finalize approvals for spot Ether ETFs by summer 2024, with some analysts anticipating it could happen as early as...
Ripple (XRP) Price Plummets to One
Ripple (XRP) Price Plummets to One
Jul 4, 2024
TL;DR The cryptocurrency market has faced significant declines, with major assets like Binance Coin, Dogecoin, and XRP experiencing double-digit losses. XRPs future may improve with technical indicators suggesting a rebound. Another Red Day The cryptocurrency sector has been experiencing a substantial downfall in the past several days, with the global market capitalization plunging under $2.1 trillion (per CoinGeckos data). The...
Important BitMEX Announcement Concerning Shiba Inu (SHIB) and Other Meme Coins
Important BitMEX Announcement Concerning Shiba Inu (SHIB) and Other Meme Coins
Jul 4, 2024
Seychelles-based derivatives exchange, BitMEX has announced the launch of the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. The latest offering is designed to provide traders with an opportunity to gain exposure to the top meme coins in the market through a single contract. BitMEXs MEMEMEXTUSDT Dubbed the SP500 for crypto meme coins, this new offering will allow traders to speculate on...
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