Category Archive: Finance, No picture
The Dollar Remains Bid, While The Euro And Swiss Franc Are Sold Through Last Week’s Lows
Image Source: Unsplash Overview: The dollar is bid to start the new week. It has taken out last week’s high against the Swiss franc, and the euro has been sold through last week’s lows. The divided opposition allowed Ishiba to continue as Japan’s prime minister, heading up a minority government. The German government collapsed last week. Chancellor […]
MicroStrategy acquires another 27,200 Bitcoin, holdings now worth $30 billion
Key Takeaways MicroStrategy acquired 27,200 BTC for $2.03 billion, with a total holding of 279,420 BTC. The company’s BTC Yield from October 1 to November 10, 2024, was reported at 7.3%. Share this article MicroStrategy, the largest corporate Bitcoin holder, announced Monday it had acquired 27,200 Bitcoin between October 31 and November 10, 2024, paying […]
Two Trades To Watch: EUR/USD, Oil Forecasts
Image Source: Unsplash EUR/USD falls to a 4.5-month low on trade tariff worries US trade tariffs could hit Europe’s growth German political uncertainty adds pressure to the EUR EUR/USD falls to 1.0670 EUR/USD has fallen to its lowest level since late June as investors worry about US tariffs which could hurt the euro area economy and […]
FTX blames Binance and CZ for collapse, seeks $1.7 billion in new lawsuit
Key Takeaways FTX is suing Binance and CEO Changpeng Zhao for $1.7 billion over alleged fraudulent transfers. The lawsuit claims the 2021 share repurchase deal involved FTX’s insolvency and misleading tweets by Zhao. Share this article FTX has brought a lawsuit against Binance and its founder Changpeng Zhao, seeking to recover around $1.7 billion, which […]
AUD/USD Stabilises As Traders Await Economic Signals
Image Source: Unsplash The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China’s economic stimulus measures, the pair finds a momentary respite as it consolidates recent movements. China’s announcement of a significant debt reduction and support for local governments and […]
Current Report: Andritz (ADRZY)
Image Source: Unsplash Andritz AG (ADRZY) is a producer of high-technology industrial machinery with four operating segments:(1) ANDRITZ Pulp & Paper provides sustainable technology, automation, and service solutions for the production of all types of pulp, paper, board, and tissue.(2) ANDRITZ Metals includes suppliers of technologies, plants, and digital solutions in metal forming, and also includes […]
The Best Week For The S&P 500 In Over A Year
We often make a point of pointing out how ordinary politics has very little influence over stock prices. But we do note there’s a specific exception to that general rule: when changes in tax rates are on the line, politics can indeed influence stock prices.That observation was driven home once again for the U.S. stock […]
The Dow Jones Broke The 44 000 Mark
Image Source: Unsplash On Friday, the Dow Jones (US30) rose by 0.59% to reach 44,000 points for the first time (up +4.72% for the week). The S&P 500 Index (US500) gained 0.38% and surpassed the 6,000-point mark for the first time (for the week +4.72%). The Nasdaq Technology Index (US100) closed positive 0.07% (for the week […]
Forex Today: Trump Trade Sends Bitcoin, US Stocks To Record Highs
Image Source: Unsplash The Republican victory in the US elections is sending cryptocurrencies and major US stock market indices higher to reach new all-time high prices. Following the decisive election victory of President Trump, the Republican capture of the US Senate, and the near-certain Republican majority in the House of Representatives, the “Trump trade” is performing […]
FX Daily: The Name Lighthizer Sends Tremors Through FX
Image Source: Unsplash Rest of World currencies took a leg lower on Friday after reports suggested that Robert Lighthizer will likely head the next Trump administration’s trade policy. His name shouldn’t have come as a surprise but serves as a reminder that US protectionism is on its way. Today’s US holiday will keep markets quiet. We see […]
