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…
Round up of today’s market news
North American News Major US indices limp into the close Close nearer to session lows The major US indices opened higher. The Nasdaq was up for the 3rd day and…
4 Things to Do When Cryptocurrencies are Crashing
Here’s what you can do to minimize their risks and keep your crypto investments stable. A significant dip in the cryptocurrency markets can put investors in a state of worry…
Round up of today’s market news
North American News Major indices close near session highs Major indices is still lower on the week but cut into the declines The major US stock indices closed sharply higher…
Fed Keeps Up Aggression: How Low Can the Euro Go?
The US dollar continues to trend higher against its major world counterparts, hitting the highest in 24 years against Japanese yen, 20-year high against Euro, while the dollar index which…
Bitcoin: miners sell, markets buy
The US government could ban cryptocurrencies Bitcoin rose 4.9% on Thursday, ending at around $20,700, and retreated 200 at the start of trading on Friday. Ethereum has added 7.3% in…
Round up of today’s market news
North American News Dow and S&P extend losing streak to 5 days Nasdaq ekes out a small gain The major US indices are closing mixed with the Dow and S&P…
How deep could 2s/10s invert?
The April low of -9.2 basis points broke yesterday The deeper inversion in the US Treasury curve is adding to recessionary fears today. US 10-year yields have fallen 6.7 bps…
Round up of today’s market news
North American News Major US indices close lower again in up and down trading session Dow and S&P down for the 4th consecutive day. NASDAQ down for the 3rd consecutive…
Bank earnings to further kickoff the earnings calendar tomorrow
The last earnings a cycle was brutal for companies that missed The banking earnings will start to come out tomorrow morning kicking off the earnings calendar for the current cycle.…
Bitcoin dipped into a flat
The bear markets of bitcoin and other risky assets of the past teach us that a sell-off is usually followed by a prolonged sideways move. Bitcoin was down 5% on…
Market turmoil: 4 things that are hurting global markets and lifting the US dollar
What is weight on the stock market and lifting the US dollar? Global markets have started the week in a bad mood. It’s a consistent theme with global equity indexes…
Cryptocurrency rebound deflated, enthusiasts asking for regulation?
More than 60% of major US crypto investors surveyed by Bloomberg MLIV Pulse expect bitcoin to fall to $10,000 Bitcoin was down 2.5% on Monday and, continuing its decline on…
Round up of today’s market news
North American News US stocks gets spooked by the ghost of tomorrow’s CPI… Major indices close nearer the lows Nasdaq down for the 2nd day in a row. S&P and…
The market is increasingly pricing in the ‘peak inflation’ trade. What it means for CPI?
The CPI report is due on Wednesday With oil prices down $7.5% today and natural gas down 30% from the highs, there is a growing list of reasons to believe…