October 7, 2024
As S&P 500 continues to rise, Investors look to earnings to support record-high stock prices
A high-stakes corporate earnings season kicks into gear this week, with bullish investors hoping results will justify increasingly rich valuations in a U.S. stock market near record highs. The case for strong U.S. economic growth got a boost after labor market data came in far above expectations. The S&P 500 is up 20% year-to-date and […]
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October 7, 2024
Strong jobs report propels dollar to best week since 2022
The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September led traders to cut bets that the Federal Reserve will make further 50-basis-point rate cuts.
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October 3, 2024
The dollar hit a three-week high against the euro
The dollar hit a three-week high against the euro after the ADP national employment report showed U.S. private payrolls increased more than expected in September, ahead of Friday’s highly anticipated jobs data. The Euro-Dollar pair saw a minor dip of 0.1% in the last session. According to the Stochastic-RSI, we are in an oversold market.Support: […]
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October 3, 2024
The Silver-Dollar pair exploded 1.4%
The Silver-Dollar pair exploded 1.4% in the last session. The Stochastic indicator’s is giving a negative signal.XAG/USD skyrocketed 1.4% in the last session.The Stochastic indicator is currently in the negative zone.Support: 30.6793 | Resistance: 32.2719
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October 3, 2024
US crude stocks build limits gains
Oil prices climbed on worries that the escalating conflict in the Middle East could threaten oil supplies from the world’s top producing region, but a large build in U.S. crude inventories limited gains. The Oil-Dollar pair made a minor upwards correction in the last session, gaining 0.2%. The Stochastic indicator is giving a negative signal.Support: […]
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October 3, 2024
Fidelity Ethereum ETF records largest daily outflows since launch
Investment outflows from the Fidelity Ethereum Fund exceeded $25 million on October 1, marking a new all-time high in daily outflows among all other United States-based spot Ether exchange-traded funds, excluding the Grayscale Ethereum Trust.
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