Category Archive: Finance, No picture
Gold Rebounds On China Stimulus Hopes Ahead Of Busy Weeks
Image Source: Unsplash Gold and silver rose in the first half of Monday’s session. A shift in China’s monetary stance provided a welcome boost for Chinese stocks overnight and this helped to provide a positive backdrop for all China-related assets, from miners to key commodity prices. Meanwhile, geopolitical upheaval from the Middle East to South Korea […]
Two Trades To Watch: EUR/USD, Oil Forecast – Monday, Dec. 9
Image Source: Unsplash EUR/USD rises with ECB rate decision & US CPI data due this week ECB is expected to cut rates by 25 bps on Thursday US CPI is set to rise to 2.7% on Wednesday EUR/USD rises above the 20 SMA Yeah, the U.S. dollar is moving higher towards the 10580 level as investors […]
MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B
Key Takeaways MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, raising its total holdings to 423,650 BTC. The company has raised capital through share sales to fund its ongoing Bitcoin purchases. Share this article MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The […]
El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report
Key Takeaways El Salvador is negotiating a $1.3 billion loan from the IMF requiring changes to its Bitcoin legal tender law. The country plans to make accepting Bitcoin voluntary for businesses to comply with the IMF conditions. Share this article El Salvador plans to make some changes to its approach to Bitcoin in order to […]
Daily Market Outlook – Monday, Dec. 9
Image Source: Unsplash The Chinese mainland and Hong Kong markets have seen strong gains, and government bonds rose following a change in the politburo’s language regarding monetary policy, indicating that additional easing measures may be implemented to support the struggling economy. The benchmark 10-year yields declined by about 2bps to a record low of 1.935%. The […]
S&P 500 Steadily Coasts To New Record High
The prospect of more rate cuts once again boosted the S&P 500 (Index: SPX). The index closed out the trading week ending Friday, 6 December 2024 nearly a full percent higher than it did the previous week at 6,090.27. That’s a new record high close for the S&P 500.Although several Federal Reserve officials signaled they want to […]
Broadcom Stock Unique Pattern Points To AVGO Hitting $200
Broadcom stock price is hovering near its all-time high as its march towards the $1 trillion market cap intensified. AVGO was trading at $180, a few points below the all-time high of $186. It has rallied by almost 1,200% from its lowest level in 2020. Broadcom business is growingBroadcom is a giant technology company that provides […]
FX Daily: Little Reason To Leave The Dollar Now
Image Source: Unsplash After a brief sell-off on Friday’s US jobs report, the dollar has returned bid. Helping that trend is geopolitics (Korean markets remain unsettled) and a view that central bankers in trading partners will win the race to cut rates to neutral. Here we have rate meetings in the eurozone, Canada and Switzerland, with 25bp or 50bp […]
Oil Prices Rise Amid Middle East Tensions, But Weak Demand Caps Gains
Image Source: Unsplash Oil prices were in the green as tensions in the Middle East grew after the fall of the Syrian President’s regime. OPEC’s steep production highlighted weak demand worldwide, which limited gains in prices on Monday. Rigs deployed for oil and gas in the US rose sharply last week to hit its highest […]
