Citigroups Head, Shobhit Maini, the head of digital assets for the bank’s markets unit, is stepping down after more than 14 years. This move marks a pivotal moment for Citigroup, especially as it continues to navigate the evolving landscape of digital assets. This article delves into the details of Maini’s departure, the implications for Citigroup, …
Citigroups Head of Digital Assets for Markets Unit Departs Read More »
Gold give up prices have recently faced a decline after hitting two-week highs, driven by profit-taking as traders await critical US inflation data. This shift comes amidst a backdrop of fluctuating investor sentiment and anticipation of potential Federal Reserve rate cuts. As gold prices hover around significant levels, market participants are keenly awaiting data that …
Gold give up two-week high ahead of US inflation data Read More »
US dollar stabilizes, holding steady against most major currencies as market participants brace for a crucial week ahead. This relative calm follows a period of significant volatility, notably the recent selloffs that had rattled Wall Street. As we await key economic data this week, let’s dive into how the dollar is performing and what lies …
Wall Street Gains experienced a mixed trading session on Monday, with most major U.S. stock indices managing to gain ground. This comes as investors eagerly await a slew of key economic data that could provide insights into the future direction of the U.S. economy. Last week saw significant volatility, with markets rattled by fears of …
Wall Street Gains Ground Ahead of Inflation Data Read More »
Bitcoin Climbs Above once again crossed the $60,000 mark, driven by improving risk sentiment in global markets. This latest surge comes as US 10-year treasury yields slowed down, encouraging investors to dive back into riskier assets like cryptocurrencies. As the market braces for important US inflation data, which could provide more clues about potential interest …
Bitcoin Climbs Above $60,000 Once More as US Yields Slow Down Read More »
Gold Moves Towards is shining brighter than ever, with its prices edging closer to record highs. This glittering ascent is closely tied to a mix of factors, including the anticipation of US inflation data that could heavily influence future Federal Reserve decisions. As we navigate through these uncertain times, gold is once again proving its …
Gold Moves Towards Record Highs Ahead of US Inflation Data Read More »
Hedge Funds Retract have recently scaled back their risk exposure following a turbulent week in global markets marked by sharp selloffs and significant recoveries. The volatility was largely driven by the unwinding of yen-funded trades and rising fears of a U.S. recession. With the CBOE Volatility Index (.VIX) reaching its highest level in nearly four …
Hedge Funds Retract from Risk Amid Increased Volatility Read More »
Yen Opens the week on a negative note, struggling against a basket of major currencies. This downturn is primarily attributed to declining expectations for additional interest rate hikes by the Bank of Japan (BOJ) and market anticipation of upcoming US inflation data. Let’s delve into the factors influencing the yen’s performance, the implications of recent …
Ethereum Edges Up, the second-largest cryptocurrency by market capitalization, experienced a turbulent week marked by significant losses despite a modest gain on Friday. The broader market, characterized by heightened uncertainty and concerns about the Federal Reserve’s policies, has kept high-risk assets like Ethereum under pressure. This article delves into the factors contributing to Ethereum’s recent …
Ethereum Edges Up but Registers a 14% Weekly Loss Read More »
Gold Marks prices have been on a rollercoaster lately, with investors closely watching every tick. This past week, gold marked its second consecutive weekly gain, capturing the attention of market watchers and investors alike. With a weakening dollar and concerns about the global economy, gold’s recent performance might just be the start of something bigger. …
