US Spot Ether On Tuesday, the cryptocurrency industry marked a significant milestone with the launch of the first U.S. exchange-traded funds (ETFs) tied to ether, the world’s second-largest cryptocurrency after Bitcoin. This event follows the successful debut of nine U.S. spot Bitcoin ETFs earlier this year and represents a pivotal moment in the industry’s journey …
US Spot Ether ETFs Make Market Debut in Another Win Read More »
Tech Sector Leads US stock indices rose on Monday, with the tech sector leading the charge after a period of heavy losses. Investors are now eagerly anticipating quarterly results from major corporations, which could further influence market dynamics. Current Market Performance As of 18:18 GMT, the Dow Jones Industrial Average rose by 0.3%, or 130 …
Dollar Under Pressure weakened in European trade on Monday, giving up ground against a basket of major rivals. This decline follows President Joe Biden’s announcement that he will not run in the upcoming presidential elections, a decision that has introduced a wave of uncertainty into the market. Current Performance of the Dollar Today, the dollar …
Dollar Under Pressure as Biden Withdraws from Presidential Race Read More »
Euro Move in has recently seen a positive shift against the US dollar, moving into a favorable zone for the first time in three days. This upward trend comes amid optimistic market sentiments and the anticipation of a narrowing interest rate gap between the Eurozone and the US in the coming months. Current Performance of …
Euro Move in a Positive Zone Amid Bullish Outlook Read More »
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 …
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 …
