Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH). Litecoin attracts Bitcoin and Ethereum investors LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC
The buyers in the GBPUSD are making a play to the upside from a technical perspective in trading today. The pair has been able to get above the 38.2% retracement of the May trading range at 1.24493. There was a dip after the ADP jobs report that took the price back toward that level but
Construction spending rises strongly in April Prior month 0.3% Total construction spending in April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, marking an increase of 1.2 percent from the revised March estimate of $1,885.0 billion. The spending figure for April 2023 was up by 7.2 percent from the estimate of
MCX gold futures fell on Thursday fell, taking cues from a lacklustre trade in the international market. While the US House passed the debt bill after the warring Democrats and Republicans arrived at an agreement, investors are eyeing the Federal Reserve’s Open Market Committee meeting scheduled later this month, before taking their calls on the
Dollar falls broadly today, despite strong job data, as near term consolidations continues. The odds of a June Federal Reserve rate hike seem to be dwindling, following recent comments that emphasized the likelihood of a hold. However, the overall landscape could alter significantly following tomorrow’s non-farm payroll report. Notably, the greenback still retains its position
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations, according to a report Thursday from payroll processing firm ADP. Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000 and a bit
In this article M Follow your favorite stocksCREATE FREE ACCOUNT The Macy’s company signage is seen at the Herald Square store on March 02, 2023 in New York City. Michael M. Santiago | Getty Images Macy’s on Thursday beat Wall Street’s earnings expectations, but cut its full-year guidance after discretionary sales weakened significantly in March.
Share: Oil price recovers marginally after the House of Representatives votes through the debt-ceiling extension bill on Wednesday evening. Gains are capped by higher-than-expected inventory levels from the API, suggesting ample supply. Several Fed officials signal a “pause” may be appropriate at June meeting, though peak rate may be higher. Oil price trades flat in
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USDCAD moved lower and tested the 200-hour MA target on the downside (see earlier post here). Buyers stalled the fall. The price moved back higher. That move to the upside took the price back to the 100-hour MA (blue line) where sellers are now leaning. So buyers are leaning against the 200-hour MA on the
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MCX Gold futures were trading flat with a positive bias on Wednesday as the strength in Dollar Index (DXY) did not let the yellow metal rise appreciably. The gold is expected to inch higher though the gains may remain capped in the near term. The June gold futures were trading at Rs 60,030 per 10
Asian stocks took a beating today as disappointing economic data from China put a damper on the region’s markets. The bearish mood led to widespread selling of commodity currencies. Despite higher-than-expected CPI figures, Australian Dollar found little support, while an uptick in New Zealand business confidence did little to boost Kiwi. As investors sought safe
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images Salesforce reported an earnings and revenue beat and lifted its full-year guidance, but the stock dropped in extended trading as
Share: AUD/USD has pushed its recovery above 0.6500 after better than anticipated Caixin manufacturing PMI. The release of the Caixin Manufacturing PMI is widely diverged from China’s official Manufacturing PMI data. Higher expectations for one more interest rate hike from the Fed could keep the USD index in good shape. The AUD/USD pair has attempted
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