Crypto prices have recently become more bullish for many reasons. One reason for the rebound is due to governments all over the world planning additional rounds of extreme quantitative easing. It’s possible that the crypto markets have already bottomed and that the whole industry won’t be affected by the pessimistic macro outlook. Particularly concerning Bitcoin,
Month: November 2022
NEW DELHI: Gold prices retreated on Wednesday from a one-month peak scaled in the previous session, although prices flitted in a tight range as cautious investors stayed on the sidelines ahead of US inflation data due later this week. Investors’ focus remains on the US consumer price index report due on Thursday. The data is
The main focus is still on tomorrow’s US Consumer Price Index (CPI) report. If Core inflation beats expectations, the US Dollar could edge higher again, economists at Credit Suisse report. Core goods inflation to be close to flat “We are looking for core goods inflation to be close to flat as it was last month
The USD moved lower today and that was felt in the USDCAD , AUDUSD and the NZDUSD. For the USDCAD, it fell with momentum below the 1.3500 floor area. Traders will now be watching that level as a close resistance target on a rebound. The AUDUSD moved up to test the 38.2% of the last
Deutsche say they expect the UK to escape a recession in 2022 “by the smallest of margins”. But, after that their outlook is bleak indeed: Looking further ahead, we remain more downbeat on the economic outlook. Headwinds to the UK economy will almost inevitably push the economy into recession, with global growth slowing, confidence deteriorating,
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter Tuesday and warned strong streaming growth for its Disney+ platform may
US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Anxiety over the cost of living and the direction of the economy could prove costly to President Joe Biden and his fellow Democrats in Tuesday’s election. Recent surveys
“Who needs Netflix when you are in crypto?”, commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a “chess move” by some, insinuating that Binance’s strategy intentionally led to the deal. Users
Copper prices edged up on Tuesday, supported by low inventories level, but China‘s determination to maintain a strict zero-COVID policy capped gains. The most-traded December copper contract on the Shanghai Futures Exchange (SHFE) was up 0.3% at 65,780 yuan ($9,061.11) a tonne, as of 0755 GMT, while three-month copper on the London Metal Exchange (LME)
Markets continue to tread water today, having basically no reaction to economic data and comments from central bankers. For now, European majors are the slightly stronger ones, as led by Sterling. Commodity currencies are the weaker ones, with the Loonie being the softest. Dollar and Yen are mixed for now. But still, most pair and
Gold is on the move and on the backside of a key trendline. The US Dollar is under pressure to test a key daily trendline. The Gold price is running higher on the day as the US dollar falls away while XAUUSD head close to the $1,720s scoring a high of $1,716.97 so far. DXY, an
The major indices are all in the black with the Dow leading the way to the upside. That index is leading the way with a gain of 1.30% or 422 points. The S&P is up 0.87%. The Nasdaq is lagging but still higher by 0.77%. Dow above the 200 day MA and tests 50% Looking
The pair is little changed today and remains close to the notable resistance point at 0.6500 after its recent recovery when the dollar hit its latest peak last month. Since then, the greenback has very much consolidated gains against most major currencies and it is no different against the aussie. As things stand right now,
In this article TTWO FDS Follow your favorite stocksCREATE FREE ACCOUNT Take-Two stock dropped more than 15% in extended trading on Monday after the company reported fiscal second-quarter 2023 results. It said its outlook in the current quarter and for fiscal 2023 would be lower than previously expected. Here’s how the company did: Loss: $1.54
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Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance appears disinterested in Alameda Research’s offer to buy out the crypto exchange’s FTX Token (FTT) holdings. Zhao responded to a question on Nov. 7 on Twitter asking if he would take up the offer by Alameda Research CEO Caroline Ellison to buy Binance’s FTT holdings for $22 per
In these trying times, when inflation has begun to bite the consumers, gold should be reigning supreme. That is what conventional wisdom would say. Gold as a hedge against inflation is a textbook play, except that markets don’t play to the textbooks. Markets play to the momentum. For reasons we will discover later in the
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