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Month: September 2024

Cryptocurrencies

Goldman analyst revisits Tesla stock price target ahead of key events

Tesla shares nudged higher in early Monday trading, extending a solid September gain, after a top Wall Street analyst revisited his rating an price target on the group ahead of two key events over the Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

Stock Market Today: Stocks edge higher with Fed, inflation in focus

Check back for updates throughout the trading day U.S. equity futures were mixed in early Monday trading, while the dollar jumped higher against its global peers, as investors headed into the final trading week of Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

EUR/USD Outlook: Weak Data Deflate Euro But Larger Bulls Remain in Play

EURUSD was sharply down on Monday morning after weaker than expected German and French PMI’s (German manufacturing PMI at 40.3 warns of recession) soured sentiment. Fresh weakness adds to reversal signals from recent repeated strong Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

The Crypto Market Bullish Pause

Market Picture The cryptocurrency market paused growth early in the day on Monday after last week’s resounding close, stabilising at $2.23 trillion (+8.8% in 7 days), which is near the previous peak. This means that Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

Analysts Predict Bitcoin’s Price Will Rise to an All-Time High This Year

As reported by CNBC, Jeff Kendrick from Standard Chartered Bank forecasts that, against the backdrop of the Federal Reserve lowering interest rates, the BTC/USD exchange rate will reach an all-time high by the end of Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

UK PMI composite falls slightly to 52.9, soft landing and further BoE cut in sight

UK’s economic growth showed signs of moderation in September, with PMI Manufacturing slipping from 52.5 to 51.5, while PMI Services declined from 53.7 to 52.8. Consequently, PMI Composite also dropped to 52.9 from 53.8, indicating Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

Gold Near a Peak, But Uptrend Might Stay Solid

Gold charts a new record high after two-week rally Technical picture signals a temporary slowdown Gold hit a new milestone early on Monday, unlocking a fresh record high of 2,631 following two consecutive impressive weeks Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

Eurozone PMI composite falls to 48.9, Oct ECB rate cut on the table

Eurozone economic activity showed further signs of weakness in September as both manufacturing and services sectors struggled. PMI Manufacturing Index dropped from 45.8 to 44.8, a nine-month low, while PMI Services fell from 52.9 to Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

Germany’s PMI composite falls to 47.2, recession baked in

Germany’s economic outlook has worsened with the latest PMI data showing continued weakness in both manufacturing and services. PMI Manufacturing fell  from 42.4 to 40.3 in September, marking a 12-month low. PMI Services dropped to Read more…

By , 1 year ago September 23, 2024
Cryptocurrencies

France PMI composite tumbles to 47.4 as Olympics related anomaly dissipates

France’s economy took a sharp downturn in September as PMI Services dropped significantly from 55.0 to 48.3, marking a six-month low. The broader PMI Composite also fell from 53.1 to 47.4, an eight-month low, signaling Read more…

By , 1 year ago September 23, 2024

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