March 4, 2025
Crypto ETPs record $2.9B outflows, Bitcoin hit hardest
Cryptocurrency exchange-traded products experienced the biggest weekly sell-off ever, with outflows reaching a record $2.9 billion last week. Amid three consecutive weeks of outflows, global crypto ETPs have seen $3.8 billion wiped out. The Bitcoin-Dollar pair dove 8.0% in the last session. The Ultimate Oscillator is giving a positive signal.Support: 77433 | Resistance: 99906
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March 4, 2025
Oil prices fall 2% with OPEC+ set to increase output
Oil prices fell about 2% to a 12-week low on reports OPEC+ will proceed with a planned oil output increase in April and on worries what U.S. tariffs would do to global economic growth and oil demand. The Oil-Dollar pair plummeted 2.8% in the last session. The ROC is giving a positive signal.Support: 64.505 | […]
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March 3, 2025
Hedge funds ramp up bets on falling stocks
Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in […]
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March 3, 2025
China February manufacturing hits 3-month high
China’s manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchase volumes led to a solid rise in production, an official factory survey showed. The official purchasing managers’ index rose to 50.2 in February.
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March 3, 2025
Gold set to record worst week in three months on robust dollar
Gold prices fell over 1% to end the week as the dollar held close to two-week highs after U.S. inflation data came in line with expectations, suggesting the Federal Reserve may adopt a cautious stance on additional rate cuts. The Gold dropped 0.6% against the Dollar in the last session. The MACD is giving a […]
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February 27, 2025
GM to increase dividend 25%, buy back another $6 billion of shares
General Motors said it would increase its quarterly dividend by 25% and undertake a new $6-billion share buyback program. Shares of the automaker rose about 6%. The quarterly dividend increase from 12 cents to 15 cents a share will take effect with the company’s next planned dividend in April 2025.
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