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Month: May 2024

Cryptocurrencies

GBP/USD Higher With Eye on Employment Report

The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

GameStop shares rocket, pounding short sellers, as ‘Roaring Kitty’ returns

Updated 9:32 AM EDT GameStop  (GME)  shares soared in early Monday trading, taking the stock to the highest levels since last July, after a retail investor who was credited with sparking the 2021 meme-stock frenzy Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

Analysts overhaul Nvidia stock price targets ahead of earnings

Nvidia shares edged higher in early Monday trading after a pair of analysts issued big price target changes on the AI tech giant ahead of its highly anticipated first-quarter-earnings report on May 22. Nvidia  (NVDA) Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

China launches ultra-long bond sale

China’s Ministry of Finance announced it will commence the sale of the first batch of a significant issuance of ultra-long special sovereign bonds this week, with plans to distribute CNY 1T across various tenors ranging Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

NZ Dollar Edges Lower as Inflation Expectations Fall

The New Zealand dollar has edged lower on Monday. NZD/USD is down 0.17% on the day, trading at 0.6009 in the European session at the time of writing. NZ inflation expectations ease to 2.3% New Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

US 100 Index Hovers Above Cloud as Rebound Loses Steam

US 100 stock index eyes March all-time high But latest upleg may have run its course Is a correction on the way or is a record peak in sight? The US 100 stock index (cash) Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

Crypto Market Under Pressure from Bitcoin

Market picture Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven days, although it showed some growth over the weekend. Local market capitalisation peaked on March 14th, but the active decline Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

Stock Market Today: Stocks higher with inflation in focus: GameStop soars

Check back for updates throughout the trading day U.S. equity futures moved higher again Monday, while Treasury yields and the dollar held steady, as investors looked to a key inflation reading later in the week Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

Could Wednesday’s CPI Report Change Fed’s Rate Outlook?

US CPI inflation forecast to have eased a bit in April Retail sales to reveal the domestic demand’s strength Dollar might benefit from a strong inflation print but stocks could suffer The April CPI report Read more…

By , 1 year ago May 13, 2024
Cryptocurrencies

Gold Loses Some Ground But Still Bullish

Gold loses momentum after reaching a two-week high Short-term risk remains skewed to the upside above 2,325 The week began with gold losing ground and giving up the gains it made on Friday when it Read more…

By , 1 year ago May 13, 2024

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Recent Posts
  • Australian wage growth accelerates to 3.4% yoy in Q1, led by public sector
  • Japan’s PPI rises 4% yoy in April, record high for 8th straight month
  • Ethereum Regains Momentum: Can the Rally Push It to $3,000?
  • Dow Jones Dip, S&P 500 & Nasdaq Rise After Inflation Data
  • Elliott Wave Insights: Bitcoin (BTCUSD) Nearing Wave 3 Completion
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