May 2024 - Page 38 of 270 -

Ethereum funds attract $35 million in inflows following ETF approvals

May 28, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Digital asset investment products experienced over $1 billion in weekly inflows last week, marking the third consecutive week of inflows, as reported by asset management firm CoinShares. Ethereum (ETH) funds registered $35.5 million of inflows in the same period, its most substantial intake since March, and reduced the month-to-date outflows to $11 million.The recent uptick […]

Analytical Overview Of The Main Currency Pairs – Tuesday, May 28

May 28, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0848 Prev Close: 1.0858 % chg. over the last day: +0.09 % The euro rose to $1.085 in the last week of May, nearing two-month highs, as traders adjusted their bets for lower interest rates. Investors now estimate an 88% probability that the ECB will cut rates during […]

Bears Owned Last Thu, Bulls Denied Them Continued Momentum Fri – This Week Is Key

May 28, 2024 Jeremy Parkinson Finance 0

Equity bears had a great session last Thursday as a bearish engulfing candle developed on several indices, but bulls promptly denied them continued momentum on Friday. This week is key.From last October’s low through last Thursday’s high, the S&P 500 jumped 30.2 percent. The eye-popping return came in seven months! This has spoiled the longs. […]

USD/CHF Weakens Below 0.9150 On Softer US Dollar, Eyes On Swiss GDP Data

May 28, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CHF pair weakens to 0.9120 during the early European session on Tuesday. The selling pressure of the Greenback drags the pair lower. Meanwhile, the cautious mood in the market remains to underpin the Swiss Franc (CHF) ahead of the Gross Domestic Product (GDP) data from Switzerland and the US, which are due on Thursday. The hawkish tone from Federal […]

Betting platform Rivalry launches RVLRY token in Web3 expansion

May 28, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Sportsbook and gaming operator Rivalry today announced the Rivalry Token (RVLRY) a native crypto token designed to augment functionality and user engagement within its suite of products. The token’s launch, expected in the latter half of 2024, marks a strategic move to solidify Rivalry’s position in the crypto-gambling sphere and cater to its primary demographic […]

TRON network officially supported by LayerZero

May 28, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON ecosystem developers to seamlessly expand their applications to over 70 other networks supported by LayerZero.LayerZero is a cutting-edge […]

USD/CAD Forecast: Looking For Buyers It all comes together….

May 28, 2024 Jeremy Parkinson Finance 0

I like the idea of buying a short-term pullback in order to take advantage of cheap US dollars, especially against the Canadian dollar, because as somebody who goes to Canada quite a bit, I can tell you that the Canadian economy, although not falling apart, is definitely struggling, and they are highly sensitive up there to what’s […]

Price Inflation Isn’t An Accident; It’s A Policy

May 28, 2024 Jeremy Parkinson Finance 0

By Mike Maharrey, Money Metals Exchange If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault. Maybe greedy corporations are jacking up prices. Or it could be […]

Oil Rises Moderately Ahead Of OPEC+ Meeting. ECB Plans To Cut Interest Rates Next Week

May 28, 2024 Jeremy Parkinson Finance, No picture 0

US stock indices were not traded yesterday due to the Memorial Day holiday.Equity markets in Europe mostly went up yesterday. The German DAX (DE40) rose by 0.44%, the French CAC 40 (FR40) closed with a 0.46% gain, the Spanish IBEX 35 (ES35) added 0.71%, the British FTSE 100 (UK100) was not traded.On Monday, European stocks closed with solid gains, cutting the previous week’s losses as […]

US Dollar Commentary – Tuesday, May 28

May 28, 2024 Jeremy Parkinson Finance 0

USD Softer on TuesdayThe US Dollar remains under pressure across early European trading on Tuesday. US markets return today following the Memorial Day holiday in the states yesterday and traders are bracing for a slew of key economic releases this week. The headline report will be the latest core PCE data due on Friday. Fed Easing […]