Dollar tumbles fell to a two-week low on Thursday, resuming its downward trajectory against a basket of major rivals. The decline comes as market sentiment shifts, with risk appetite rebounding and investors awaiting crucial US growth data later today. Let’s explore the factors behind the dollar’s recent tumble and what it means for the broader …
Dollar tumbles to two-week lows ahead of US growth data Read More »
Sterling surges has recently achieved a significant milestone by reaching a 16-year peak against the Japanese yen, breaking through the psychological barrier of 200 yen for the first time since 2008. This surge comes as the UK-Japan interest rate gap continues to favor the UK, providing a boost to the British pound. In this article, …
US crude stocks fall latest data from the Energy Information Administration (EIA) indicates a significant drop , much larger than analysts had anticipated. This unexpected decline in crude oil reserves could have various implications for the energy market, oil prices, and broader economic trends. EIA Report Highlights According to the EIA’s latest report, US crude …
How Gold Became synonymous with cutting-edge technology, achieving a remarkable rise in the tech industry. From its early days producing GPUs for video games to becoming a leader in artificial intelligence (AI), Nvidia’s journey has been nothing short of extraordinary. One interesting aspect of Nvidia’s success is its connection with precious metals, particularly gold, which …
How Gold Became a Key Component in Nvidia’s Signature GPUs Read More »
Oil Prices Hit extended gains for the second straight session on Friday, with US crude scaling a one-week high and Brent prices showing a steady upward trend. This rise comes after a surprise drawdown in US oil inventories, leading to hopes of improved demand and a more stable market. Let’s delve into the key factors …
Golds Weekly Loss prices rose on Friday despite a surge in the dollar index, but the precious metal still logged its first weekly loss in five weeks. This movement in the gold market has piqued the interest of investors and market analysts alike, prompting questions about what’s driving these fluctuations and what it means for …
Golds Weekly Loss Amidst Dollar Surge and Economic Data Read More »
Bitcoin Is Still poised for a significant rally by the end of 2024, with Standard Chartered predicting the cryptocurrency could reach $150,000, more than doubling its current price. Despite a recent pullback in Bitcoin’s price, the firm’s head of digital assets research, Geoff Kendrick, is confident in a bullish backdrop for the token. Geoff Kendrick’s …
Hedge Fund Industry achieved a significant milestone, reaching a record $4.3 trillion in total assets by the end of the first quarter of 2024. According to data provider HFR, this represents a remarkable addition of $190 billion in assets during the quarter, marking the sixth consecutive quarter of growth for the hedge fund industry. Let’s …
Hedge Fund Industry Reaches $4.3 Trillion Milestone Read More »
UBS Gets Backing secured backing from Norway’s sovereign wealth fund, its second-largest shareholder, for a capital plan that aims to make its Additional Tier 1 (AT1) bonds more appealing to investors. This plan, along with the approval of CEO Sergio Ermotti’s pay package, was approved at the bank’s annual general meeting this week. The Norwegian …
UBS Gets Backing for Capital Plan and Ermotti’s Pay Read More »
Sterling Loses Ground fell in European trade on Tuesday, marking the fourth straight session of losses against a basket of major rivals. This downtrend has almost touched five-month lows, with the GBP/USD pair trading below $1.23 for the first time since November 2023. The primary driver of this decline is the Bank of England’s (BOE) …
