Round up of today’s market news
North American News US stocks close the month with strong gains Major averages have their best month of the year The major stock indices are ending with solid gains for…
Bitcoin is climbing out of the pit but is not yet ready to fly
Bitcoin has closed above its 50-day moving average for two days Bitcoin closed Thursday near $24,000, retesting that area after a failed attempt to climb higher in the middle of…
Round up of today’s market news
North American News US stocks close higher with the S&P index leading the way S&P up 1.21%. Down S&P rise The major US stock indices are closing the day with…
FED Boosts Bitcoin
Bitcoin buying picked up sharply following the Fed’s decision and subsequent comments. Bitcoin has surpassed the $23170 mark, adding more than 9% in the past 24 hours. Ethereum jumped 13%…
Round up of today’s market news
North American News NASDAQ has its best day in over 2 years. Powell eases markets fears Major indices rebound strongly The major US stock indices have closed sharply higher: Dow…
Deep 2s10s curve inversion is a warning to the FOMC
2s10s spread hits 31 basis points Fed research and some officials have dismissed 2s10s inversion as a sign of looming recession but its track record is sparkling. Morever, an inversion…
Round up of today’s market news
North American News Major US stock indices close lower NASDAQ index leads the way to the downside The major US stock indices are closing lower on the day ahead of…
Stocks vs. Options: Choosing the Right Time to Buy Each
Each performs better in certain situations Stocks and options may have some similarities, but they are two different types of investment, especially when it comes to their risk-reward potential. And…
Round up of today’s market news
North American News US stocks close mixed. Nasdaq lower for the 2nd consecutive trading day Dow and S&P up for the 4th of 5 trading days The major US stock…
Bitcoin Millionaire Moves 14,000 BTC to an Unknown Wallet
The total value of the transfer stood at $319 million. In a separate transfer, someone moved 3,374 BTC from Coinbase on 24 July. Bitcoin whale transfers are spiking and the…
Oil market starts the week with gains. Next big move may hinge on US government
Will the US continue to release oil from the SPR? The US is currently adding about 820k barrels per day of oil to the 100 million bpd global oil market…
Round up of today’s market news
North American News US stocks close with large losses on recession worries Closing changes for the main US equity markets Closing changes for the main North American markets: S&P 500…
Bitcoin’s attempt to break the downtrend
Bitcoin is encountering increased resistance to its 50-day simple moving average approach. Bitcoin rose 2.9% on Monday, ending the day around $21.5K, and continuing to test the $22K level on…
Investing in a Recession: What You Need to Benefit from It
Whether there is a recession or none, index funds have proven to be an excellent addition to an investment portfolio. A recession is when the economy falls for two or…
Round up of today’s market news
North American News US stocks turn in another impressive performance as the ‘hated’ rally gets legs Nasdaq leads the way again US equities were flat coming into New York trade…
Musk has clipped the wings of Bitcoin
BTCUSD failed to break away from its 50-day moving average. How long does forever last? Just over a year, if you’re Elon Musk. Tesla has indicated in its quarterly report…
Crucial Rules to Follow to Practice Value Investing Properly
Many investors rely on stock price movements to decide whether they should buy or sell their holdings. Value investing is sometimes misunderstood that several investors end up putting money into…
Round up of today’s market news
North American News Higher closer for the major indices for the 2nd consecutive day The Nasdaq leads the way with a gain of 1.58% There is a higher closer for…
Blockchain projects are pulling the crypto market up
BTC has been consolidating below its 200-week moving average for almost a month though this could change. Bitcoin formally closed last week lower, ending it near $21,100. Ethereum jumped 14.1%…
The copper trade highlights the difficulty of timing the trade
Copper is heading higher, the question is ‘when’ Copper prices are about 3% higher today on a short-covering but it’s been a rough ride from $4.60 in early June to…