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Month: December 2023

Cryptocurrencies

The Flash Sell-off in Crypto?

Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

Cigna surges on $10B buyback and reports Humana merger talks end

Updated at 7:35 am EST Cigna Group  (CI) – Get Free Report shares surged in early Monday trading following reports that the health insurance group would abandon plans to merge with smaller rival Humana  (HUM) – Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

Macy’s soars on reports of $5.8 billion private equity buyout interest

Updated at 7:26 AM EST Macy’s  (M) – Get Free Report shares soared in early Monday trading following reports that suggest the iconic retailer could be sold to a group of private investors for as much Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

GBP/CHF rebounds, eyes 1.115 resistance

GBP/CHF stands as one of the focuses this week, particularly in light of the upcoming monetary policy decisions by both BoE and SNB. Market consensus widely anticipates that both central banks will maintain their current Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

Stock Market Today: Stocks stall, Treasury yields higher ahead of huge week on Wall Street

Check back for live updates throughout the trading day. U.S. equity futures edged modestly lower Monday, while Treasury yields and the dollar inched higher ahead of a monster week on Wall Street that could test Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

GBP/USD – Pound Edges Higher ahead of UK Job Data

UK to release employment report on Tuesday US nonfarm employment payrolls beats forecast and rise to 199,000 The British pound is showing little movement at the start of the week. In Monday’s European session, GBP/USD Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

XAU/USD: Gold Stands at the Back Foot Ahead of Key Events

Gold remains in red for the second consecutive day and fell below $2000 early Monday, pressured by firmer dollar on solid US labor data. Friday’s 1.2% drop generated fresh bearish signal on close below $2015 Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

Q3 Next Year Marked for SNB’s First Rate Cut, Economists Predict

SNB is widely anticipated to maintain its key policy rate at 1.75%. However, the focus of market analysts and economists has shifted to speculating the timing of potential policy loosening. Recent polls conducted by Reuters Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

Gold Feels the Blues After Record Rally

Gold starts a new bearish wave after record high A consolidation phase is likely; support at 1,970-1,990 Despite its rocket rally to a new record high of 2,144 last Monday, gold could not successfully remain Read more…

By , 2 years ago December 11, 2023
Cryptocurrencies

Sharp Change in BTC/USD Price: Causes and Consequences

On Monday morning, the price of bitcoin fell sharply. As the chart shows, the BTC/USD rate fell below 42,000 on Monday during the Asian session. According to Coinglass, the decline resulted in about $400 million Read more…

By , 2 years ago December 11, 2023

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