July 22, 2024

Oil Prices Extend Losses sharply on Friday, marking a second consecutive loss and reaching four-week lows. US crude oil dipped below $80 a barrel, while Brent crude approached one-month lows. This decline is largely attributed to a stronger US dollar and renewed concerns about Chinese demand following disappointing GDP growth data. Oil Prices Performance On …

Oil Prices Extend Losses to Four-Week Lows as Dollar Muscles Up Read More »

Bitcoin Moves Towards price surged on Friday, nearing its four-week highs after a brief two-day hiatus. The markets are closely watching the US presidential election prospects, with increasing odds of a crypto-favoring Donald Trump potentially retaking power. This political backdrop, combined with the Federal Reserve’s anticipated rate cuts, is fueling positive sentiment in the cryptocurrency …

Bitcoin Moves Towards Four-Week Highs as Markets Assess Read More »

Microsoft and CrowdStrike shares took a hit following a major IT outage that disrupted services across multiple sectors, including exchanges, banks, hospitals, and global airports. This sudden outage has had a significant impact on the stock prices of both companies, reflecting investor concerns about the stability and reliability of their services. Stock Performance Microsoft’s stock …

Microsoft and CrowdStrike Shares Tumble After Global IT Outage Read More »

Wall Street Resumes Losses on Thursday, continuing a downward trend influenced heavily by the tech sector. The NASDAQ dipped below the 18,000-point mark, signaling increased volatility and investor anxiety. This downturn was fueled by several factors, including potential new restrictions on chip sales to China and concerning unemployment data. Tech Sector Under Pressure The tech …

Wall Street Resumes Losses, NASDAQ Dips Below 18,000 Points Read More »

ECB Holds (The European Central Bank) interest rates unchanged at 4.25% during its July 18 policy meeting, aligning with market expectations. This decision comes after the ECB made a significant move at its previous meeting by cutting rates for the first time since 2016. Current Interest Rate The current interest rate of 4.25% reflects the …

ECB Holds Interest Rates Unchanged Read More »

Gold Moves Higher prices are on the rise again, inching closer to record highs. This movement follows a series of remarks by Federal Reserve officials that have all but confirmed upcoming rate cuts. With this backdrop, let’s delve into the current state of gold prices, the factors driving these changes, and what the future might …

Gold Moves Higher Towards Unprecedented Highs Read More »