January 23, 2024
Via: DailyFXAfter falling to multi-week lows last Wednesday, gold has recovered some ground in recent days; however, the rebound appears to be losing momentum, with prices approaching trendline resistance at $2,040. To gauge the future direction, it’s vital to see how […]
January 22, 2024
Via: Investing.comIn the rapidly evolving online grocery sector, Instacart (NASDAQ:CART), operating under the ticker EXCHANGE:CART, has garnered significant attention from Wall Street analysts. These industry experts have been closely monitoring the company’s performance, market trends, and potential impacts of external factors […]
January 19, 2024
Via: Investing.comShiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme. An ascending triangle is characterized by a flat upper […]
January 18, 2024
Via: DailyFXThe US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that the U.S. central bank […]
January 17, 2024
Via: DailyFXCrude oil prices fell by more than a dollar per barrel on Wednesday as China’s growth data disappointed, raising more worries about end-demand for energy. The world’s number two economy expanded by an annualized 5.2% in the final quarter of […]
January 11, 2024
Via: DailyFXWall Street will be on high alert on Thursday when the U.S. Bureau of Labor Statistics releases its latest consumer price index report, as the data could guide the Federal Reserve’s next moves in terms of monetary policy and, therefore, […]
January 10, 2024
Via: DailyFXThe end of 2023 and the start of 2024 presents an environment that is broadly supportive of gold prices. Interest rates are expected to be cut back aggressively, as such, the US dollar and Treasury bond yields have been in […]
January 8, 2024
Via: DailyFXBitcoin ETF fever is pushing the price of the largest cryptocurrency by market capitalization back to highs last seen in April 2022. At least 10 companies have handed in amended and updated Bitcoin ETF applications and are waiting to hear […]
January 5, 2024
Via: Investing.comU.S. oil companies and refiners are likely to face another challenging 12 months in 2024, Bank of America (BofA) analysts wrote in a note on Friday, who expect Brent crude to average $80 per barrel this year. Crude futures lost […]
January 3, 2024
Via: DailyFXA bearish report by crypto financial services company Martixport is said to be behind the sharp sell-off in Bitcoin. The report suggested that despite all the recent meetings between ETF applicants and SEC staff, and subsequent amendments, all applications will […]
January 3, 2024
Via: Investing.comEurope’s benchmark stock index dropped to a three-week low in a broad-based sell-off on Wednesday, testing 2023’s rally spurred by hopes of major central banks pivoting to easier monetary policy this year. The pan-European STOXX 600 ended 0.9% lower, hitting […]
December 29, 2023
Via: MoneyWeekLeaps in healthcare technology continue to benefit humankind: from the advent of the X-ray in the 19th century to dialysis, CT, MRI, and other machines in the 20th century, to a new breadth of digital tools in this era. Perhaps […]
December 28, 2023
Via: Investing.comCrude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the […]
December 28, 2023
Via: DailyFXOil prices failed to maintain its momentum this week with a sharp selloff yesterday continuing through the Asian and European sessions today. US stockpile numbers released yesterday evening from the American Petroleum Institute (API) showed a buildup of 1.837 million […]
December 27, 2023
Via: Investing.comThe burgeoning trend of zero-day options (0DTE) is gaining traction among Wall Street’s quantitative investment strategists (QIS), with major banks like Citigroup (C), JPMorgan (JPM), and UBS Group (UBS) incorporating them into their systematic equity products. These derivative contracts, which […]
December 27, 2023
Via: Investing.comThe U.S. stock market exhibited a cautious stance as it hovered near all-time highs, reflecting a blend of optimism and apprehension among investors. The S&P 500’s proximity to its record level stirred a debate about the market’s next direction amid […]
December 26, 2023
Via: DailyFXThe U.S. dollar, as measured by the DXY index, retreated on Tuesday and flirted with its lowest levels since late July near 101.55 in a trading session characterized by thin liquidity, with many financial centers still closed for the Christmas […]
December 22, 2023
Via: Investing.comAccording to Barclays strategists, the equities market is poised for a positive year in 2024, driven by the prospect of lower interest rates prompting increased cash deployment. The team suggests that a pause in the equity markets would be logical […]
Finance Tech, Mobile Banking & Payments
December 21, 2023
Via: NBC NewsThe explosion of “Buy Now, Pay Later” services has set off alarms that consumers are desperate, rushing into the largely unregulated installment loans after running out of mainstream credit options. While that’s the case for plenty of BNPL users, industry […]
December 20, 2023
Via: Investing.comOil prices fell on Thursday, as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions and geopolitical tensions in the Middle East. Brent crude futures fell 65 cents, or 0.8%, to $79.05 […]