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FTSE Supported By Oil Majors As Mid-East Tensions Escalate

FTSE Supported By Oil Majors As Mid-East Tensions Escalate

Image Source: Pexels The UK’s benchmark FTSE 100 stock index opened higher on Wednesday, driven by gains in energy and industrial metal mining shares, while JD Sports declined after the Nike retailer maintained its annual outlook unchanged despite reporting a first-half profit beat. Shares of major oil and gas companies increased by 2.5% as oil prices […]
Dow Paring Nike Selloff, Oil Price Surge

Dow Paring Nike Selloff, Oil Price Surge

Stocks are pushing higher midday, shrugging off a morning in red ink. The Dow Jones Industrial Average (DJI) has traded on both sides of the aisle already today, with Nike’s (NKE) post-earnings selloff weighing on the blue-chip index. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have both pared modest losses and are now […]
Franklin Templeton launches tokenized fund on Aptos

Franklin Templeton launches tokenized fund on Aptos

Key Takeaways The Franklin OnChain U.S. Government Money Fund (FOBXX) is now available on Aptos. The collaboration aims to increase interoperability between real-world and treasury-backed assets across different blockchains. Share this article Franklin Templeton is bringing its tokenized fund, the Franklin OnChain U.S. Government Money Fund (FOBXX) to the Aptos network, said the leading asset […]
JD.com – Chinese Internet Sky Rocket

JD.com – Chinese Internet Sky Rocket

Summary JD.com, a Chinese Internet retailer, has shown strong technical buy signals, with a 55.85% increase since the Trend Seeker buy signal on 9/19. The company offers a wide range of products and services, including online marketplace services, logistics, and technology-driven supply chain solutions. Barchart’s technical indicators show 88% buy signals, a 56.62% gain in […]
Global Market Turbulence: Nike Shares Drop, Oil Prices Surge Amid Middle East Conflict

Global Market Turbulence: Nike Shares Drop, Oil Prices Surge Amid Middle East Conflict

In a volatile day for global markets, Nike’s decision to withdraw its annual guidance and delay an investor day has spooked investors, causing the company’s shares to dip. Meanwhile, geopolitical tensions in the Middle East have sent oil prices soaring by over 4%, adding a layer of uncertainty across sectors. Nike’s Struggles Worsen Amid Market ConcernsNike’s […]
Swiss Market Index Elliott Wave Technical Analysis – Wednesday, October 2

Swiss Market Index Elliott Wave Technical Analysis – Wednesday, October 2

Swiss Market Index Elliott Wave Analysis Trading Lounge Day ChartSwiss Market Index Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: gray wave 2 POSITION: orange wave 3 DIRECTION NEXT HIGHER DEGREES: gray wave 3 DETAILS: Gray wave 1 has been completed, and now gray wave 2 is in play. Wave Cancel Invalid Level: 11,419.25The Swiss Market […]
Bitwise files S-1 form for XRP ETF

Bitwise files S-1 form for XRP ETF

Key Takeaways Bitwise has officially filed an S-1 with the SEC for an XRP ETF. The filing marks Bitwise’s first attempt at launching an XRP-based ETF. Share this article Bitwise Asset Management, a key player in the digital asset sector, has submitted an S-1 registration form to the SEC to launch an XRP ETF. The […]
Deutsche Bank-backed Taurus and Chainlink team up to accelerate tokenized asset adoption

Deutsche Bank-backed Taurus and Chainlink team up to accelerate tokenized asset adoption

Key Takeaways Taurus and Chainlink’s partnership focuses on enhancing security and data accuracy for tokenized assets. Chainlink’s CCIP has been tested by Taurus to ensure seamless asset transfers across various blockchains. Share this article Taurus SA, a key digital asset infrastructure provider for major financial institutions like Deutsche Bank, has partnered with Chainlink Labs, a […]
Oil Prices Rise Amid Iran’s Attack On Israel. Bank Of Japan Has A Conflict Of Interest With The New Government

Oil Prices Rise Amid Iran’s Attack On Israel. Bank Of Japan Has A Conflict Of Interest With The New Government

At Tuesday’s close, the Dow Jones Index (US30) was down 0.41%, while the S&P 500 Index (US500) lost 0.93%. The NASDAQ Technology Index (US100) closed negative 1.53%. Escalating tensions in the Middle East caused long liquidation pressure in equities on Tuesday. Israel launched a limited ground operation in Lebanon, and Iran launched a ballistic missile […]
GBP/USD Forecast: British Pound Plunges During Surge In Greenback

GBP/USD Forecast: British Pound Plunges During Surge In Greenback

During my daily analysis of major currency pairs, the GBP/USD pair has caught my attention due to the fact that it has been so negative. The 1.3250 level underneath is an area that’s been important multiple times going back multiple years, so therefore it should make a certain amount of sense that it will continue […]