July 24, 2024

Yen gains as traders look to BOJ meeting next week


The yen rose for a second straight session against the dollar, boosted by comments from a senior Japanese politician about normalising monetary policy, adding pressure on the Bank of Japan to continue hiking interest rates to boost the currency . The Dollar fell 0.8% against the Yen in the last trading session. The MACD is […]
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July 24, 2024

Ether ETFs start trading, preliminary inflow data revealed


Ether ETFs are now officially trading on stock exchanges, and the preliminary inflow data for the first 15 minutes of trading has been revealed by analysts. According to Bloomberg senior analyst Eric Balchunas, Bitwise outperformed its competitors during the first quarter-hour of trading, recording $25.5 million in capital inflows
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July 23, 2024

Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus


Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market. Google’s stock rose 0.5% in the last session. The Williams indicator is giving a positive signal.Google’s stock […]
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July 23, 2024

The last session saw the Aussie drop 0.7%


The U.S. dollar was slightly higher, capturing some safe-haven flows, as investors digested U.S. President Joe Biden’s decision to end his re-election campaign, which is expected to intensify volatility in the currency market. The last session saw the Aussie drop 0.7% against the Dollar. According to the Williams indicator, we are in an oversold market.AUD […]
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July 23, 2024

Gold slips to over 1-week low as dollar firms, awaiting more Fed cues


Gold prices fell to a more than one-week low as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts. The last session saw the Gold drop 0.6% against the Dollar. The ROC is giving a negative signal.XAU/USD […]
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July 18, 2024

Chip stocks shed $500 bln on China trade fears, Trump’s Taiwan comments


Wall Street’s semiconductor index lost over $500 billion in stock market value on Wednesday and headed for its worst session since 2022 after a report said Washington was mulling tighter curbs on exports of advanced semiconductor technology to China.
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