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Month: March 2024

Cryptocurrencies

Two Drivers of Crypto Growth

Market picture Crypto market capitalisation rose 5% in 24 hours to $2.44 trillion, driven by extreme greed. The crypto market had a higher capitalisation for a few days in May and October-December 2021, but that Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

US 500 Battles With 123.6% Fibonacci

US 500 cash index extends its series of record highs Tests 123.6% Fibonacci extension of its 2022 downtrend Oscillators look overbought, increasing risk of a pullback The US 500 stock index (cash) has been staging an impressive rally since it bottomed Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

Apple slides as Europe levies massive fine tied to music streaming

Apple  (AAPL)  shares moved lower Monday, extending their recent decline to around 4%, after regulators in Europe hit the tech giant with a $2 billion fine tied to allegations it restricted music subscription rivals on Read more…

By , 2 years ago March 4, 2024
digital

Apple hit with first ever EU fine following Spotify complaint

Illustration by Alex Castro / The Verge Apple has been hit with a fine of €1.84 billion (about $2 billion) by European Union antitrust regulators over its App Store rules, and has been told it Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

Stock Market Today: Stocks pause record rally with jobs and Powell in focus

Check back for updates throughout the trading day U.S. equity futures slipped lower Monday, while Treasury yields and the dollar held steady, as investors pressed pause on a record-setting rally while bracing for a key Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

Will NFP Report Confirm Fed’s ‘Higher for Longer’ Mantra?

Market scales back rate cut expectations Inflation is not cooling as fast as expected Powell testifies before Congress on Wednesday and Thursday Spotlight to turn to NFP report on Friday at 13:30 GMT Investors get Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

Will Bank of Canada Pave the Way for a Rate Cut after CPI Drop?

Bank of Canada kicks off March round of central bank meetings Dovish tilt is possible after CPI drops back below 3.0% Wednesday’s decision, due 14:45 GMT, may deepen loonie’s losses Progress on inflation The Bank Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

Could Tokyo CPI Open the Door to BoJ Policy Normalization?

Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until outcome of wage talks Yen remains under pressure against the US dollar Tokyo CPI released on Tuesday; Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

Japanese Yen Steady ahead of Tokyo Core CP

The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%. Tokyo Core CPI expected to rise to 2.5% Japan releases Tokyo Core CPI, considered the Read more…

By , 2 years ago March 4, 2024
Cryptocurrencies

WTI Oil Price Reaches 4-month High Against the Backdrop of OPEC+ Decision

On Friday, the price of a barrel of WTI crude oil exceeded USD 80 per barrel due to the decision to continue the policy of reducing oil production by OPEC+ countries. Saudi Arabia said on Read more…

By , 2 years ago March 4, 2024

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  • Gold at Make-or-Break Support, Bounce Setup Forming?
  • Australia NAB business confidence turns negative after RBA hike
  • Shark Tank’s Kevin O’Leary raises red flag on 401(k)s
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