June 11, 2024
The Euro-Dollar pair saw a minor dip of 0.1%
The euro fell after gains by the far right in European Parliament elections prompted French President Emmanuel Macron to call a snap national election. The uncertainty in France adds one more element to what will be a busy week for markets. The Euro-Dollar pair saw a minor dip of 0.1% in the last session. The […]
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June 10, 2024
S&P rose 12% in 2024
Investors will closely watch this week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year’s rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool inflation without hurting growth
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June 10, 2024
Gold accelerated declines
Gold accelerated declines after a stronger-than-expected U.S. jobs report doused expectations for U.S. interest rate cuts this year, adding to bearish sentiment driven by data showing top consumer China held off on bullion purchases in May. The Gold-Dollar pair dove 3.4% in the last session. The CCI points to an oversold market.Support: 2344.2851 | Resistance: […]
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June 10, 2024
Arbitrum to distribute $215M in ARB tokens
The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem. The proposal sets aside 225 million Arbitrum tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program.
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June 6, 2024
Nvidia overtakes apple
Nvidia rallied to record highs, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.
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June 6, 2024
The Silver-Dollar pair exploded 1.4%
The Silver-Dollar pair exploded 1.4% in the last session. The ROC is giving a positive signal.XAG/USD exploded 1.4% in the last session.The ROC is currently in positive territory.Support: 28.3961 | Resistance: 31.4342
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