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Franc is best performing major currency after Swiss data
Franc is best performing major currency after Swiss data
May 2, 2024
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day against the dollar away from seven-month lows and becoming the best performing major currency following Swiss inflation data. The data reignited inflationary pressures on the Swiss National Bank, which might force the central bank to hold off easing policies. The Price USD/CHF fell 0.7% today...
Yen hits three-week high as Japanese authorities intervene
Yen hits three-week high as Japanese authorities intervene
May 3, 2024
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight session against the dollar and scaling a three-week high away from recentt 34-year lows amid active short-covering. The yen is heading for the largest weekly profit since November 2022 as Japanese authorities intervened to support the local currency after slumping below the 160 barrier...
Dollar rebounds ahead of US unemployment claims data
Dollar rebounds ahead of US unemployment claims data
May 2, 2024
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a short hiatus yesterday following a somewhat bearish policy meeting by the Federal Reserve. Dollars gains today remain limited as US 10-year treasury yields lose ground, while investors await more clues on the future of US monetary policies. Investors are particularly waiting for the...
Dollar hovers near three-week trough as US yields taper off
Dollar hovers near three-week trough as US yields taper off
May 6, 2024
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the fourth straight session and approaching three-week lows as US 10-year treasury yields declined. Recent disappointing US labor data boosted the odds of two Fed interest rate cuts this year and in turn hurt the standing of the dollar. The odds of US interest...
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Traders Eye Fed Meeting as US Equity Futures Drop Pre-Bell
Traders Eye Fed Meeting as US Equity Futures Drop Pre-Bell
May 26, 2025
09:01 AM EDT, 05/05/2025 (MT Newswires) -- US equity futures were falling before Monday's opening bell ahead of the Federal Reserve's meeting to discuss interest rates. Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures declined 0.8%, and Nasdaq futures were down 1%. The Federal Open Market Committee is scheduled to start its two-day meeting on Tuesday. Oil...
Sector Update: Health Care
Sector Update: Health Care
May 26, 2025
08:59 AM EDT, 05/05/2025 (MT Newswires) -- Health care stocks declined pre-bell Monday as the Health Care Select Sector SPDR Fund (XLV) was 0.4% lower and the iShares Biotechnology ETF (IBB) was down 0.8% recently. Teva Pharmaceutical (TEVA) and Alvotech ( ALVO ) said Selarsdi has been approved by the US Food and Drug Administration as interchangeable with the reference...
Sector Update: Tech
Sector Update: Tech
May 26, 2025
08:52 AM EDT, 05/05/2025 (MT Newswires) -- Technology stocks fell pre-bell Monday as the Technology Select Sector SPDR Fund (XLK) was 1% lower and the SPDR S&P Semiconductor ETF (XSD) recently declined by 4%. ON Semiconductor (ON) shares were up over 1% after the company reported lower Q1 non-GAAP earnings and revenue that still topped analysts' expectations. ...
Sector Update: Energy
Sector Update: Energy
May 26, 2025
09:06 AM EDT, 05/05/2025 (MT Newswires) -- Energy stocks declined pre-bell Monday with the Energy Select Sector SPDR Fund (XLE) 1% lower recently. The United States Oil Fund (USO) was down 1.9% and the United States Natural Gas Fund (UNG) was 0.4% higher. Front-month US West Texas Intermediate crude oil was down 2.3% at $56.96 per barrel at the New...
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Crypto Twitter Skeptical As MicroStrategy Proposes Bitcoin
Crypto Twitter Skeptical As MicroStrategy Proposes Bitcoin
May 2, 2024
MicroStrategy has proposed a new Bitcoin-based strategy for combatting online spam – though Bitcoiners are skeptical as to whether it’s a good idea. During the annual MicroStrategy World conference on Wednesday, the company’s executive chairman Michael Saylor unveiled “MicroStrategy Orange” – an open-source decentralized identity solution built on Bitcoin. What is MicroStrategy Orange? MicroStrategy described their technology as an “enterprise-grade...
Chainlink Bull Run Incoming? Most Recent LINK Price Predictions
Chainlink Bull Run Incoming? Most Recent LINK Price Predictions
May 2, 2024
TL;DR Chainlinks LINK is poised for a rebound from its current $14 price, indicated by a positive TD Sequential buy signal. Prominent analysts forecast significant returns for the asset, supported by favorable on-chain metrics suggesting a bullish move. LINK Price Predictions Chainlinks native cryptocurrency LINK is yet another digital asset that suffered the negative consequences of the latest market correction....
Important Binance Announcement Concerning Numerous Altcoin Traders: Details
Important Binance Announcement Concerning Numerous Altcoin Traders: Details
May 2, 2024
TL;DR Binance recently expanded its Loan service to include new assets such as Holo (HOT) and Manta Network (MANTA), requiring users to update their app versions to place orders. The prices of these newly added tokens increased following the announcement, possibly driven by the broader recovery in the cryptocurrency market. The Latest Update The worlds largest cryptocurrency exchange launched another upgrade...
Time to Buy SHIB? Popular Analyst Bets on a 300% Shiba Inu Price Rally
Time to Buy SHIB? Popular Analyst Bets on a 300% Shiba Inu Price Rally
May 2, 2024
TL;DR Shiba Inu experienced a 5% price increase daily, with optimistic forecasts from analysts like Ali Martinez, who predicts a significant upcoming rally due to positive chart patterns. The potential for an uptick is supported by a significant resurgence in SHIBs burning program and ongoing enhancements to Shibarium. Betting on a SHIB Bull Run The cryptocurrency market flashed green today...
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