August 12, 2024
Gold holds ground on US Fed rate-cut hopes, lower yields
Gold prices held steady on Friday after a sharp rise in the previous session, bolstered by a dip in U.S. Treasury yields, as investors grew confident that the Federal Reserve would lower interest rates in September. The Gold got a slight bump of 0.2% against the Dollar in the last session. The ROC is giving […]
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August 8, 2024
Indexes fall with tech shares; trade choppy, Treasury auction weak
U.S. stocks were lower in choppy trading, rising early with technology shares and then falling in tandem with them as investor jitters were stoked by weak demand in a 10-year Treasury auction. S&P500 was down 0.45%.
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August 8, 2024
Oil settles 2% higher on falling US crude stockpiles
Oil prices gained more than 2%, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil demand in China persisted. The Oil-Dollar pair skyrocketed 3.5% in the last session. The Williams indicator is giving a positive signal.WTI/USD skyrocketed 3.5% in the last session.The Williams […]
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August 6, 2024
Magnificent Seven shed over $800 billion in value
Heavyweight companies sold off as U.S. recession fears and Berkshire Hathaway’s sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI. Apple, Tesla, Alphabet and Amazon each dropped more than 4%, while Nvidia tumbled 7% . Major U.S. stock indexes ended sharply lower as U.S. […]
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August 6, 2024
BTC/USD plummeted 6.1% in the last session.
The Bitcoin-Dollar pair plummeted 6.1% in the last session. The Stochastic indicator is giving a negative signal.BTC/USD plummeted 6.1% in the last session.The Stochastic indicator is currently in the negative zone.Support: 551731 | Resistance: 627191
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August 6, 2024
Yen surges to a seven-month high
A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index was down to its weakest since January 12. The last session saw the […]
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