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Bitcoin Commentary – Thursday, June 27

Bitcoin Commentary – Thursday, June 27

Bitcoin Sell-Off DeepensFollowing a bumper start to the year, the Bitcoin market has suffered a period of stagnation over recent months with the March highs around the $74,3k mark holding as the high-watermark for now. Shifting Fed expectations and a changeable US rates outlook has seen the market range-bound between those highs and support around […]
AUD/USD Edges Higher To 0.6660 As US Dollar Eases Ahead Of US Core PCE Inflation

AUD/USD Edges Higher To 0.6660 As US Dollar Eases Ahead Of US Core PCE Inflation

The AUD/USD pair is slightly higher at 0.6660 in Thursday’s European session. The Aussie asset finds modest buying interest as the US Dollar (US) edges down with United States (US) core Personal Consumption Expenditure Price Index (PCE) data for May in focus, which will be published on Friday. Broadly, the Aussie asset has been oscillating in the […]
Daily Market Outlook – Thursday, June 27

Daily Market Outlook – Thursday, June 27

Image Source: Pexels  After a decline in late trading for major US tech titans, Asian markets also experienced a drop. The JPY, which had plummeted on Wednesday, stabilized, leading to speculation that the government may step in to support the currency. With South Korea, China, Japan, and Hong Kong stocks all falling, the MSCI Asia Pacific […]
Pound Sterling Exhibits Caution Ahead Of US Core PCE Inflation

Pound Sterling Exhibits Caution Ahead Of US Core PCE Inflation

 Photo by Colin Watts on Unsplash    The Pound Sterling rises slightly against the US Dollar but the overall direction remains uncertain. Economists expect that the US core PCE inflation softened in May. The uncertainty over the UK elections outcome keeps the Pound Sterling on its toes. The Pound Sterling (GBP) finds a cushion above the round-level support […]
Amazon Joined $2 Trillion Dollar Club

Amazon Joined $2 Trillion Dollar Club

Amazon market cap has reached over $2 trillion Stock is estimated to grow 13.7% in 12 months Amazon shares rose 3.9% on Wednesday, June 27, pushing the company’s market capitalization above $2 trillion for the first time. Other $2+ Trillion Market Cap. Club members: Microsoft – $3.36 trillion Apple – $3.27 trillion Nvidia – $3.11 trillion Alphabet C – $2.29 trillion Alphabet […]
BVNK debuts Layer1 to enhance stablecoin payment systems

BVNK debuts Layer1 to enhance stablecoin payment systems

Key Insights Layer1 simplifies blockchain complexities, allowing rapid stablecoin payment integration. BVNK’s Layer1 platform prioritizes user control and security in digital asset management. Global payment infrastructure provider BVNK has unveiled Layer1, a new self-custody digital asset infrastructure designed to enable businesses to deploy stablecoin payments swiftly and securely, according to BVNK’s blog announcement published today.BVNK’s […]
US Dollar Index Sits And Waits For The NFP Inflation Data

US Dollar Index Sits And Waits For The NFP Inflation Data

 Image Source: Pexels   The US dollar index has rebounded in the past few weeks. The Fed has pointed to just one interest rate cut this year. The US will publish the latest PCE inflation report on Friday. The US dollar index (DXY) continued rebounding this week as the focus shifted to the upcoming US GDP […]
USD/JPY Remains Below 160.50 After Retreating From 38-Year Highs

USD/JPY Remains Below 160.50 After Retreating From 38-Year Highs

 Image Source: Pixabay   USD/JPY corrects due to the verbal intervention by Japanese authorities. Japanese Finance Minister Suzuki stated to take appropriate steps on excessive FX moves. The US Dollar may limit its downside due to higher yields. USD/JPY trades around 160.40 during the Asian session on Thursday after retreating from 160.87, the highest level since […]
Sensex Today Trades Lower; Nifty Above 23,800

Sensex Today Trades Lower; Nifty Above 23,800

Asian markets traded lower on Thursday as the Japanese yen weakened to a near 38-year low and ahead of economic data in the region.Japan’s Nikkei 225 fell 0.93% while the Topix declined 0.36%. South Korea’s Kospi dropped 1%US stock market indexes closed with modest gains on Wednesday ahead of the release of an inflation report.Here’s […]
Stocks Continue To Defy All The Odds

Stocks Continue To Defy All The Odds

Video Length: 00:13:38  The S&P 500 has been testing a key level of support for a few days. What comes next?More By This Author:The S&P 500 Continues To Defy All The Odds Divergences Are Widening Across The Market Most Stocks Fall, Despite S&P 500 Gains