Category Archive: Finance, No picture
QCOM Wants To Create Competition In The AI Chip Market
Image Source: Unsplash At Wednesday’s close, the Dow Jones Industrial Average (US30) was down 0.11%, while the S&P 500 Index (US500) was up 0.02%. The Nasdaq Technology Index (US100) closed positive 0.10%. The US stock indices traded mixed, with the S&P 500 (US500) and Nasdaq (US100) hitting weekly highs. Strengthening technology stocks provided support for the overall market. However, the broader market’s gains were limited […]
FX Daily: When The Second Decimal Place Counts
Image Source: Unsplash There will be quite a lot of attention on today’s first quarter US core GDP price deflator and what it means for tomorrow’s release of the March core PCE figure. Analysts will be looking at the second decimal point on today’s release to infer whether tomorrow’s number is on consensus at 0.3%, 0.4% or […]
Gold Price Lacks Firm Intraday Direction, Holds Steady Above $2,300 Ahead Of US Data Daily Digest Market Movers: Gold price struggles to gain traction amid hawkish Fed expectations Technical Analysis: Gold price bears need to wait for acceptance below $2,300 before placing fresh bets
Gold price (XAU/USD) extends its consolidative price move above the $2,300 mark during the Asian session on Thursday as traders more cues about the Federal Reserve’s (Fed) rate-cut path before placing fresh directional bets. Hence, the focus will remain glued to key US macro data – the Advance Q1 GDP report due later today and […]
Ethereum Sees Decline In Whale Interest Amid Rising Bearish Threats: What’s Next For ETH Price?
The post Ethereum Sees Decline In Whale Interest Amid Rising Bearish Threats: What’s Next For ETH Price? appeared first on Coinpedia Fintech NewsEther price witnessed a severe drop a few days ago, currently failing to maintain a trading position around $3,300. Whenever ETH approached the $3,000 mark, buyers stepped in, defending the support. However, those short-term buyers then […]
Japanese Yen Plummets To Fresh 34-Year Low Against USD, Around Mid-155.00s
The Japanese Yen (JPY) extends its weakening trend further below the 155.00 psychological mark and drops to the lowest level since June 1990 against its American counterpart during the Asian session on Thursday. The wide interest-rate differential between Japan and the United States (US) is seen as a key factor that continues to undermine the […]
GBP/USD Snaps The Two-Day Winning Streak Above 1.2450, Eyes On US GDP Data
The GBP/USD pair snaps the two-day winning streak near 1.2460 amid the modest rebound of the US Dollar (USD) on Thursday during the early Asian session. The release of the US Gross Domestic Product (GDP) for the first quarter (Q1) will take center stage on the day. Also, the usual weekly Initial Jobless Claims and Pending Home […]
Fireblocks unveils features to prevent DeFi scams
Fireblocks released its “dApp Protection” and “Transaction Simulation” features to the public, according to an April 24 blog post. These tools are designed to mitigate the risks associated with decentralized applications (dApp), particularly the threat of phishing attacks which have led to over $1.1 billion in lost funds in 2023 alone. The dApp Protection feature […]
The Energy Report: Not Over
Oil prices rebounded yesterday from signs that the geopolitical tension may not have eased as much as previously believed. After the close we saw the American Petroleum Institute (API) report that petroleum supplies came in tighter than the market was expecting. The API reported the crude oil inventories fell by 3.23 million barrels where the […]
Softs Report – Wednesday, April 24
CottonGeneral Comments: Cotton was mostly lower yesterday although May closed a little higher on short covering before the deliveries start. Demand remains a problem. The export sales report showed poor sales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. […]
Pyth Network boosts Morph DeFi ecosystem with real-time price feeds
Blockchain infrastructure provider Pyth Network announced the implementation of its price feed into Morph testnet. The collaboration introduces over 500 real-time price feeds from Pyth, spanning various asset classes, into Morph’s layer-2 platform. “The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable […]
