September 2, 2024
Oil settles $1 down as supply set to rise
Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending. The Oil-Dollar pair fell 2.5% in the last session after gaining as much as 1.1% during the session. According […]
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September 2, 2024
Canadian dollar notches biggest monthly advance this year
The Canadian dollar held on to much of its monthly gain against its U.S. counterpart on Friday as investors expect the global economy would avoid recession and Canadian GDP data did little to alter expectations for Bank of Canada interest rate cuts.
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August 29, 2024
Bitcoin holdings of publicly listed firms increased to $20B
Bitcoin holdings of publicly listed companies have increased by almost 200% in a year, from $7.2 billion to $20 billion. Bitbo data shows that 42 publicly listed companies hold 335,249 Bitcoin worth roughly $20 billion. The last session saw the Bitcoin drop 0.3% against the Dollar. The CCI is giving a negative signal.Support: 55252.6667 | […]
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August 29, 2024
US dollar rallies on month-end buying
The U.S. dollar rebounded due to month-end buying after recent declines that pushed it to its weakest in more than a year, as traders awaited economic data that could determine the pace of the Federal Reserve’s imminent easing cycle.
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August 29, 2024
USD/JPY gained 0.3% in the last session.
The Dollar gained 0.3% against the Yen in the last session. The Williams indicator indicates an oversold market.USD/JPY gained 0.3% in the last session.The Williams indicator points to an oversold market.Support: 143.0833 | Resistance: 145.6233
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August 27, 2024
Canadian dollar strengthens to 5-month high as oil rallies
The Canadian dollar strengthened to a five-month high against its U.S. counterpart as oil prices rose and major railroad operators focused on restoring service. The loonie traded 0.3% higher, after rising 0.8% to end previous week.
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