The U.S. dollar extended lower against most of the major currencies on Wednesday despite a stronger Empire State manufacturing survey. According to this report, activity in the New York region soared in September with the index rising to 34.3 from 18.3
The European Central Bank delivered exactly what the market expected on Thursday. They slowed bond purchases and raise their inflation forecasts.
Bitcoin is up 50% of the lows and there are a plethora of reasons why the crypto currency has rallied, but perhaps the most important one is one that is least discussed – China.
Fundamentals matter ALOT when it comes to currency movements. The U.S. dollar fell sharply on Friday as 10 year Treasury yields experienced its largest decline
The sudden collapse in Gold at the start of week’s trade may be signalling that US monetary policy will begin to tighten into the second half of the year as the Fed begins to taper its ultra easing stance in light of consistently strong US economic data.
Price action stalls at all time highs Delta variant causing concerns Big divergence in breadth Seasonal volatility problems Market action is decidedly negative as we
With quarterly earnings reports coming up the focus of equity investors will be on guidance for the rest of the year forward. But while growth will be critical to further stock gains investors may be underestimating a far bigger risk to performance – multiple contraction.
Many analysts believe that the only way to reconcile the immediate energy needs of an ever growing global population and curb carbon emissions at the same time is to turn to nuclear power.
A leaked research report from Goldman Sachs suggests that going forward Ethereum may be a much better crypto bet for the long term. Ethereum is the number two most popular crypto asset in the space and it differs from Bitcoin in a variety of ways.
One of the biggest concerns on Wall Street these days is the fact that bonds are no longer providing diversification for stocks.
Bitcoin was down more than 8% in overnight trade hitting a low of 38,500 after Chinese regulators directed banks and financial payment firms not to offer clients any services involving cryptocurrency including currency exchanges, registration, trading, clearing and settlement.
Yesterday’s inflation data shocked the market with core CPI readings hitting a 26 year high as base effects, supply shortages and resurgence of demand created this biggest jump in price conditions in decades.