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Dollar under pressure from US yields and Japanese authorities
Dollar under pressure from US yields and Japanese authorities
Apr 29, 2024
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a hiatus on Friday and approaching two-week lows as US 10-year treasury yields slowed down. The greenback is also pressured by the Japanese governments intervention to support the yen after tumbling below 160 per dollar for the first time since 1990. The Index The...
Euro Holds Gains Against Dollar Despite Sharp EUR/JPY Fall
Euro Holds Gains Against Dollar Despite Sharp EUR/JPY Fall
Apr 29, 2024
EUR/USD and EUR/JPY Analysis and Charts Download our complimentary Q Euro Forecasts below Recommended by David Cottle Get Your Free EUR Forecast The Euro was higher against the United States Dollar on Monday despite a lack of obvious trading news, with bulls seemingly more confident above the 1.07 mark. The single currency had been under pressure against a resurgent greenback...
Coinbase’s 1Q earnings preview: Profitability expected for second straight quarter
Coinbase’s 1Q earnings preview: Profitability expected for second straight quarter
Apr 29, 2024
Coinbase (COIN) is set to release its quarter one (Q1) 2024 financial results on 2 May 2024, after the US market closes. Coinbase’s 1Q 2024 results – what to expect Expectations are for Coinbase’s Q1 revenue to register a 71% year-on-year (YoY) growth to US$1.3 billion, up from US$772 million a year ago. This will be the highest quarterly revenue...
Aussie Dollar Technical Analysis: AUD/USD, AUD/NZD, AUD/JPY Price Setups
Aussie Dollar Technical Analysis: AUD/USD, AUD/NZD, AUD/JPY Price Setups
Apr 29, 2024
Aussie Price Setups (AUD/USD, AUD/NZD, AUD/JPY) AUD/USD strengthens, building on prior gainsAUD/NZD bull flag propels upside continuationAUD/JPY pulls back massively after suspected FX interventionGet your hands on the Aussie dollar Q2 outlook today for exclusive insights into key market catalysts that should be on every trader's radar: Recommended by Richard Snow Get Your Free AUD Forecast Markets Erase RBA Cuts,...
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Japan's Nikkei shakes off chip slump as value shares rally
Japan's Nikkei shakes off chip slump as value shares rally
Jun 24, 2024
TOKYO, June 25 (Reuters) - Japan's Nikkei share average edged higher during the morning session on Tuesday, as investors shifted focus to value stocks over semiconductor and other high-tech shares, while a yen on the back foot continued to support export-related stocks. The Nikkei was up 0.51% at 39,001.39 by the midday break, while the broader Topix climbed 1.44% to...
Japan's Nikkei closes at highest since mid-April as value shares rally
Japan's Nikkei closes at highest since mid-April as value shares rally
Jun 25, 2024
(Updates with closing levels) By Brigid Riley TOKYO, June 25 (Reuters) - Japan's Nikkei share average rose on Tuesday to its highest close in more than two months, as investors shifted focus to value stocks from semiconductor and other high-tech, while a weaker yen also lent support to export-related shares. The Nikkei finished up 0.95% at 39,173.15, its highest closing...
Sector Update: Energy
Sector Update: Energy
Jun 25, 2024
03:11 PM EDT, 06/24/2024 (MT Newswires) -- Energy stocks were rising late Monday afternoon, with the NYSE Energy Sector Index climbing 2.4% and the Energy Select Sector SPDR Fund (XLE) gaining 2.5%. The Philadelphia Oil Service Sector index spiked 3.1%, and the Dow Jones US Utilities index added 1.3%. Front-month West Texas Intermediate crude oil rose 1.1% to $81.65 a...
US STOCKS-Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
US STOCKS-Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
Jun 25, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Futures: Dow flat, S&P 500 up 0.18%, Nasdaq up 0.42% June 25 (Reuters) - Nasdaq futures climbed on Tuesday as Nvidia ( NVDA ) and other AI-linked stocks firmed after a bruising selloff, while investors awaited further cues on...
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Peter Schiff Questions Market’s Bitcoin Obsession as Gold Hits Record Highs
Peter Schiff Questions Market’s Bitcoin Obsession as Gold Hits Record Highs
Sep 26, 2024
The yellow metal recently broke past the $2,630 mark, registering a new record high, but Peter Schiff, the well-known gold advocate, is concerned that investors arent paying attention. According to him, the markets obsession with Bitcoin (BTC) has overshadowed the critical signals gold is sending about the state of the economy. Schiff Decries Bitcoin Attention With so much attention focused...
Former Alameda Research CEO Caroline Ellison’s Sentencing Revealed
Former Alameda Research CEO Caroline Ellison’s Sentencing Revealed
Sep 25, 2024
Caroline Ellison was sentenced to two years in federal prison on Tuesday for her involvement in the FTX fraud scandal. The 30-year-old was also ordered to forfeit $11 billion, which she earned through her association with the now-collapsed cryptocurrency exchange. Ellison’s Cooperation Judge Lewis A. Kaplan, who presided over the case, acknowledged the former Alameda Research CEO’s cooperation with the...
From Silence to Support: Kamala Harris Advocates for Blockchain in Latest Speech
From Silence to Support: Kamala Harris Advocates for Blockchain in Latest Speech
Sep 26, 2024
Speaking at the Economic Club of Pittsburgh on Sept. 25, the Democrat presidential candidate said that, if elected, she will “recommit” to technologies such as distributed ledger. “I will recommit the nation to global leadership in the sectors that will define the next century [] remain dominant in AI and quantum computing, blockchain, and other emerging technologies.” Her comments are...
Bitcoin Price Analysis: Is BTC Heading Toward $70K or $60K Next?
Bitcoin Price Analysis: Is BTC Heading Toward $70K or $60K Next?
Sep 26, 2024
Bitcoin’s price is currently at a critical level, and its reaction will likely determine the mid-term trend of the entire crypto market. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rallying since it rebounded from the $52K support level and has broken both the $56K and $60K levels to the upside...
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