On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone, and Volt Capital, bringing Magic’s total funds raised to over $80 million. Magic’s software is currently
Month: May 2023
USDCAD below the 100 hour moving average The better-than-expected Canada GDP brings the Bank of Canada back in play after their conditional pause in rate hike’s. That has the USDCAD moving lower. Technically, the price just broke below its 100 hour moving average at 1.3612. The current price trades at 1.3608. On the downside a
OPEC members pumped 28.01m bpd in May Production fell 460k bpd after voluntary cuts took effect Output is down 1.5 mbpd from Sept April output was revised down 150k bpd Nigeria, Angola and Iraq are producing materially under their voluntary and formal cuts. It could be a problem for the oil market if they’re able
Gold prices jumped by Rs 455 to Rs 60,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had finished at Rs 59,945 per 10 grams. Silver also climbed Rs 500 to Rs 72,750 per kg. “Spot gold prices in
Risk aversion is the main theme in the markets today, as selloff in stocks started in Asia following poor data from China, and continued through European session. Dollar and Yen are holding firm as the strongest ones for now. Euro traded a touch lower after lower than expected inflation readings in France and Germany, but
In this article AAP Follow your favorite stocksCREATE FREE ACCOUNT Customer vehicles sit parked outside an Advance Auto Parts automotive supply store in La Grange, Kentucky. Luke Sharrett | Bloomberg | Getty Images Shares of Advance Auto Parts plummeted nearly 30% during premarket trading Wednesday after the company’s first-quarter earnings significantly missed Wall Street’s expectations
Share: Oil price spirals lower as traders deleverage ahead of the key vote to decide whether the US should raise its debt limit. A growing number of Republican Congressmen especially, have voiced their disapproval of the deal and said they intend to vote it down. Poor factory data from China, Oil’s largests importer, shows stunted manufacturing
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In this video, I will share with you the exact steps I took to make a profit of ₹11,000 through forex intraday trading. I will not only reveal the reasons behind each trade but also demonstrate how I executed them directly from my mobile device. Join me as I break down my winning strategies, providing
The price of crude oil settled at $69.46, down -$3.21 or -4.42%. The high reached $73.55. The low extended to $69.02. The 50% of the move up from the low from May 4th came in at $69.19. The price lows for the day also moved below the swing low from mid-June near $69.42, but the
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Gold bounced back from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the U.S. debt ceiling deal. Spot gold rose 0.9% to $1,960.55 per ounce by 11:51 a.m. EDT (1551 GMT), after hitting its lowest since March 17 earlier. U.S. gold futures gained 0.8% at
Trading has remained muted as major markets recuperate from a lengthy weekend. Investors are not reacting dramatically to the agreement regarding US debt ceiling. Instead, they are casting a cautious eye towards Congress, awaiting indications of how the deal will be received. Compounding the apprehension, a slew of significant economic data is slated for release
Share: AUD/USD portrays a volatile reaction to Australia inflation data, China activity numbers. Australia Monthly Consumer Price Index jumps to 6.8% in April, China’s officials PMIs ease for May. Market sentiment dwindles amid mixed signals from data, risk catalysts. US House of Representatives’ voting on measures to avoid default, JOLTS Job Openings eyed for clear
Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero. Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi ecosystem across a number of different blockchains. The Cosmos-based blockchain is a DeFi-focused ecosystem which
USDJPY below 100 hour MA The USDJPY has fallen below its 100-hour moving average at 139.949 and close below that level over the last 2 hourly bars. The price of the pair last close below that moving average on May 12. The last cycle low was on May 3 at 133.492. The high price today
The S&P 500 is trading higher by 22 points, or 0.6%, to 4236 shortly after the open. Even stronger is the Nasdaq, which is up 1.1%. Pacing the gain is a 4% rally in Nvidia shares. The chipmaker now has a $1 trillion market cap, joining Apple, Alphabet, Amazon, and Microsoft in the club. It’s
Gold prices, which touched a two-month low on Tuesday, may witness further correction in the coming days giving some relief to families who have a wedding in this marriage season. Prices of gold had fallen below Rs 60,000 per 10 gm on Tuesday and were hovering around Rs 59,980 per 10 gm. Hareesh V, Head
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