Bitcoin Extend continued its upward trajectory on Wednesday, extending gains for the sixth consecutive session and reaching four-week highs amidst a surge in positive sentiment within the crypto market. Prices At Bitstamp, Bitcoin climbed by 1.6% to $66,129, marking its highest price since June 20. During the session, it reached a low of $64,561. Tuesday …
Bitcoin Extend Gains to Four-Week Highs Amid Positive Sentiment Read More »
Gold Prices About surged in European trade on Wednesday, setting new record highs and nearing the historic $2500 mark. This rise marks the third consecutive gain, buoyed by falling US 10-year treasury yields and increased expectations of US interest rate cuts. Prices Gold prices rose by 0.55% today to reach $2482 an ounce, marking a …
Gold Prices About to Trade Above $2500 for First Time in History Read More »
Oil Prices Skid took a significant hit in American trade on Tuesday, plunging to four-week lows. This decline marks the third consecutive session of losses, driven primarily by growing concerns over Chinese demand after data revealed that China’s GDP slowed more than expected in the second quarter. As traders now look forward to initial data …
Oil Prices Skid to Four-Week Low on Chinese Demand Concerns Read More »
Dollar Continues making headlines recently as it continues to rebound in European trade. This trend is significant, especially with the US retail sales data for June just around the corner. Investors and analysts are eagerly waiting for this data, which is expected to provide crucial insights into the economic performance in the second quarter. But …
Dollar Continues to Rebound Ahead of US Retail Sales Read More »
Swedbank Exceeds (SWEDa.ST) reported second-quarter net profits that surpassed expectations on Tuesday, driven by strong trading income and lower loan losses amid uncertain economic conditions. The bank’s CEO, Jens Henriksson, highlighted that while loan demand remained stable in Baltic countries, overall loan volumes remained subdued, reflecting cautious borrower sentiment. Financial Performance Swedbank’s net profit for …
BlackRock Assets, the world’s largest asset manager, reported that its assets under management surged to a record $10.65 trillion in the second quarter. This increase was driven by rising client asset values and significant inflows into the company’s exchange-traded funds (ETFs)amid robust performance in global stock markets. Market Performance and Asset Growth During the reported …
BlackRock Assets Reach Record-High $10.65 Trillion Read More »
Yen Backs Off fell on Tuesday against a basket of major rivals, marking the second consecutive day of losses against the dollar. This decline comes as traders take profits and the market anticipates confirmation of the Bank of Japan’s (BOJ) suspected intervention in the forex market last Friday. Dollar Gains Tempered by Powell’s Remarks Despite …
Copper Decline prices fell on Monday even as the dollar stabilized against most major rivals. This decline comes as markets evaluate the global demand outlook, particularly focusing on significant inventory levels and tepid demand from key consumers like China. Copper Inventories Surge Copper inventories at the London Metals Exchange (LME) reached 195,475 tonnes, the highest …
Copper Decline as Markets Assess Global Demand Outlook Read More »
Gold Backs prices have dipped in European trade, stepping away from recent two-month highs as investors engage in profit-taking. This trend occurs as the US dollar rebounds against a basket of major currencies. Later today, Federal Reserve Chair Jerome Powell is set to speak about the inflation fight in the US and the future of …
Gold Backs Off Two-Month High Ahead of Powell’s Remarks Read More »
The Yen Trades has been making headlines lately, rising against a basket of major rivals and maintaining gains for three consecutive sessions against the dollar. Trading near a three-week high, the yen’s performance has been closely monitored by Japanese authorities, who might intervene in the forex market once again. But what exactly is driving this …
