September 30, 2024
Yields, dollar dip, Dow hits record after US inflation data
Treasury yields and the dollar fell while the Dow registered a record closing high as a subdued U.S. inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve’s November policy meeting. A global stock index also reached a record high, helped by China’s stimulus boost, and European shares posted an all-time […]
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September 30, 2024
Google’s stock rose 0.7%
Google’s stock rose 0.7% in the last session. The RSI is giving a positive signal.Google’s stock rose 0.7% in the last session.The RSI is giving a positive signal.Support: 161.23 | Resistance: 164.83
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September 9, 2024
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August. China’s gold holdings stood at 72.8 million fine troy ounces at the end of last month. The value of the gold reserves, however, rose to $182.98 billion compared with $176.64 billion at the end of July. The […]
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September 9, 2024
The Bitcoin-Dollar pair gained 0.5%
The Bitcoin-Dollar pair gained 0.5% in the last session. According to the Stochastic-RSI, we are in an oversold market.BTC/USD rose 0.5% in the last session.The Stochastic-RSI points to an oversold market.Support: 53326.3333 | Resistance: 55518.3333
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September 9, 2024
China FX reserves rise for second straight month
Uncertainty over the U.S. economy’s health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled after closely watched jobs data showed labor market momentum slowing more than expected
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September 5, 2024
Nvidia, chip stocks waver after previous day’s sell-off
Nvidia’s shares recouped earlier losses to trade higher, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI optimism on Wall Street held out despite concerns around the stocks’ lofty valuations. The last session saw Nvidia’s stock gain 0.7%. The Stochastic indicator is giving a negative signal. Support: […]
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