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Month: May 2024

Cryptocurrencies

Stock Market Today: Futures mixed on interest rates, Mideast concerns

Check back for updates throughout the trading day U.S. equity futures on Tuesday are mixed as traders mull whether to build on a strong Monday but also consider risks tied to the U.S. economy and Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Stock Market Today: Stocks higher amid interest rates, Mideast concerns

Check back for updates throughout the trading day Stocks edge higher on Tuesday amid concerns about risks tied to the U.S. economy and to events in the Middle East. The Dow Jones Industrial Average gained Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Australian Dollar Weakens as RBA Says No Rate Hikes Planned

The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing. RBA stays pat but wary of inflation There was no Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Brent Crude Oil Experiences Modest Uptick Amid Mixed Market Signals

Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Bitcoin Can’t Accelerate But Won’t Give Up Trying

Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion, as Bitcoin lost 1.1% and Ethereum – 3%, but Solana has added 4%. However, the latter is noticeably out of Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Japanese Yen to Stay in Recovery Mode, While Yields Turning from Resistance

We warned our members about limited weakness and recovery on Japanese yen right before intervention. As you can see, yen is already recovering because US 10Yr Yields are already turning down from resistance, while Japan Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Pound Shrugs as Construction PMI Jumps

The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Eurozone retail sales rises 0.8% mom in Mar, EU up 1.2% mom

Eurozone retail sales volume grew 0.8% mom in March, above expectation of 0.6% mom. Volume of retail trade increased for food, drinks, tobacco by 1.2%, for automotive fuel in specialised stores by 2.0%. Volume was Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

Gold Attempts Recovery to Only Face Limitations Again

Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was Read more…

By , 1 year ago May 7, 2024
Cryptocurrencies

UK PMI construction hits 14-month high but hiring trend subdued

UK PMI Construction surged from 50.2 to 53.0 in April, marking its most robust reading since February 2023. According to S&P Global, this growth was primarily driven by increased activity in commercial projects and civil Read more…

By , 1 year ago May 7, 2024

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