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Yen rebounds as US treasury yields slow down
Yen rebounds as US treasury yields slow down
May 30, 2024
Yen gained ground on Friday against a basket of major rivals, extending gains for the second straight against the dollar and moving away from four-week lows, as US treasury yields lost ground. Japans 10-year treasury yields gained ground today as US treasury yields conversely tumbled, reducing the yield gap between the two countries to 20-year lows. Now the markets await...
Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat
Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat
May 30, 2024
Most Read: Market Sentiment Analysis Outlook - EUR/USD, USD/CAD, Dow Jones 30 Gold (XAU/USD) has enjoyed a remarkable rally this year, peaking near $2,450 in early May. However, the upward impetus has recently started to wane, with bullion retreating over 4% from its highs in the past few trading sessions. This price correction suggests a shift in investor sentiment, with...
Yen tries to recoup from four-week trough amid brisk developments in Japanese yields
Yen tries to recoup from four-week trough amid brisk developments in Japanese yields
May 29, 2024
Yen rose in Asian trade on Thursday against a basket of major rivals, on track for the first profit in three sessions against the US dollar amid attempts to move away from four-week lows. The gains came as Japanese 10-year treasury yields spike to 13-year highs, underpinning the yen. The Price The USD/JPY pair fell 0.25% to 157.26, with a...
Dollar backs off two-week high ahead of US growth data
Dollar backs off two-week high ahead of US growth data
May 30, 2024
Dollar fell in European trade on Thursday against a basket of major rivals away from two-week highs on active profit-taking, while US treasury yields tapered off. The decline came ahead of crucial US GDP growth data for the first quarter of the year, in addition to unemployment claims data, which will offer fresh clues on the likely path ahead for...
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EMERGING MARKETS-Stocks slip ahead of China Plenum conclusion; Turkey, Kenya in focus
EMERGING MARKETS-Stocks slip ahead of China Plenum conclusion; Turkey, Kenya in focus
Jul 17, 2024
(Updated at 0936 GMT) * Russia's Medvedev says Ukraine joining NATO would mean war * Poll: India to stick to budget targets despite election rebuke * Trump's Taiwan comments weigh on TSMC shares * Hong Kong posts record home purchases, realtor says * Stocks down 0.2%, FX up 0.1% By Johann M Cherian July 17 (Reuters) - Equities of most...
US STOCKS-Wall St futures slump after rally as tech stocks slide
US STOCKS-Wall St futures slump after rally as tech stocks slide
Jul 17, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures down: Dow 0.18%, S&P 500 0.73%, Nasdaq 1.24% July 17 (Reuters) - U.S. stock index futures slid on Wednesday, with those tracking the Nasdaq 100 dropping over 1% as investors sold off megacap tech and chip shares and...
Wall St futures slump after rally as tech stocks slide
Wall St futures slump after rally as tech stocks slide
Jul 17, 2024
(Reuters) - U.S. stock index futures slid on Wednesday, with those tracking the Nasdaq 100 dropping over 1% as investors sold off megacap tech and chip shares and piled into lagging areas of the market such as small-cap stocks. Megacaps such as Apple, Microsoft and Alphabet slumped in premarket trading, dropping between 0.7% and 1.5%. Shares of semiconductor companies also...
Wall St futures slump after rally as tech stocks slide
Wall St futures slump after rally as tech stocks slide
Jul 17, 2024
(Reuters) - U.S. stock index futures slid on Wednesday, with those tracking the Nasdaq 100 dropping over 1% as investors sold off megacap tech and chip shares and piled into lagging areas of the market such as small-cap stocks. Megacaps such as Apple, Microsoft and Alphabet slumped in premarket trading, dropping between 0.7% and 1.5%. Shares of semiconductor companies also...
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Ripple (XRP) Skyrockets 13% Daily to 3
Ripple (XRP) Skyrockets 13% Daily to 3
Jul 17, 2024
Amid the ongoing positive inflows toward the spot Bitcoin ETFs, the price of the underlying asset continues to recover and tapped $66,000 for the first time in roughly a month earlier today. The altcoins are also well in the green, with XRP leading the pack following a 13% daily surge. BTC Stopped at $66K Bitcoins price actions went through extreme...
Craig Wright Could Face Perjury Charges for Claiming to be Bitcoin Creator
Craig Wright Could Face Perjury Charges for Claiming to be Bitcoin Creator
Jul 16, 2024
Australian computer scientist Craig Wright’s claims to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, could lead British prosecutors to charge him with perjury and forgery of documents. A new ruling in the Crypto Open Patent Alliance (COPA) vs. Wright case revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for consideration on charging...
Why Is the Ripple (XRP) Price Up Today?
Why Is the Ripple (XRP) Price Up Today?
Jul 17, 2024
TL;DR XRPs value surged nearly 40% in a week, possibly driven by increased network transaction activity. Anticipation of a resolution in Ripples legal battle with the SEC may have also contributed to the recent price ascent. XRP on Fire The cryptocurrency market witnessed a significant comeback in the past few days, with numerous leading digital assets rising to multi-month highs....
FTX and US CFTC Reach $12.7 Billion Settlement: Details
FTX and US CFTC Reach $12.7 Billion Settlement: Details
Jul 17, 2024
Bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have reached a $12.7 billion settlement, pending approval from a Delaware judge. If approved, the entire $12.7 billion will be allocated to paying back FTX’s creditors, as the CFTC has decided against seeking a civil monetary penalty. $12.7 Billion Settlement The settlement, detailed in a July 12 filing,...
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