Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won’t be over until there’s a better focus on applications with utility. He also doesn’t think the market has hit “cheap” prices yet. Cuban has stated in the
Today, China cut the time inbound visitors have to stay in quarantine from 3 weeks to 10 days. This sign of easing is positive for the Chinese stock market The CSI 300 index is one of China’s most watched stock market indices. It follows 300 large and medium-sized stocks in Shanghai and Shenzhen The chinese
German consumer inflation is estimated to accelerate to 8.0% y/y in June, up slightly from the 7.9% y/y reading in May. Once again, that will just reaffirm that inflation is more sticky and persistent – providing little comfort to the ECB. The thing to note about the inflation data from Europe this week is that
TOKYO, – Oil prices fell on Wednesday after rising in the previous three sessions but losses were limited on the view that global supply tightness will continue as there is limited room for major producers such as Saudi Arabia to boost production. U.S. West Texas Intermediate (WTI) crude futures slid 44 cents, or 0.4%, to
Canadian Dollar and Swiss Franc continue to be the stronger ones in subdued trading. Euro and Dollar and trailing for now. On the other hand, Aussie and Kiwi are still the underperformer, despite recovery attempt in Asian session. Stock markets are also sluggish while gold and oil are range bound. Focuses will turn to ECB
GBP/USD portrays corrective pullback from weekly low, snaps two-day rebound. Mixed concerns ahead of key data/events join firmer UK second-tier statistics to underpin recovery moves. BOE’s Bailey has a tough task but Powell’s recent failure to please hawks keep pair buyers hopeful. GBP/USD pares the biggest weekly loss in over a week around 1.2200 during
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Visitors to Macau casinos are expected to rise and Las Vegas Sands (stock ticker: LVS) presents a very interesting reward vs risk opportunity for the long term buyer LVS stock seems to be rising from the bottom of a range going back to 2015 This stock buying opportunity is worth a consideration, especially in light
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Gold price in the national capital rose by Rs 52 to Rs 50,770 per 10 grams on Tuesday, according to Securities. In the previous trade, the yellow metal settled at Rs 50,718 per 10 grams. Silver, however, slipped by Rs 60 to Rs 60,128 per kg from Rs 60,188 per kg in the previous trade.
Yen is back as the worst performer on improving risk sentiment and rising yields. Dollar is trying to rally in early US session following rise in treasury yields. But strength is mainly seen against European majors and Yen only. Canadian and Australian Dollars are resilient so far. In other markets, Gold is largely staying in
Consumer confidence in the US continued to weaken in June. US Dollar Index clings to strong daily gains near mid-104.00s. The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index dropped to 98.7 in June from 103.2 in May. This print came in weaker than Reuters’ estimate of 100.00. Further
Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin has been the subject of a “coordinated attack” by hedge funds looking to short sell the dollar-pegged crypto asset. Speaking to his 151,600 Twitter followers on Monday, June 27, the Tether executive was responding to reports that hedge funds have been borrowing millions in
USD/CAD fell 21 pips to 1.2875 as the rebound in oil prices continued. The US dollar was mixed as high yields and good economic data competed with end-of-month flows into some beaten-down currencies. The main feature on the USD/CAD chat is the double top at 1.3077/79. The declines in the past two days emphasize that
Globex saw sharp selling of equity index futures in the US evening session. News flow was light only. Across the FX space moves yen crosses were noticeable heavy. USD/JPY highs above 135.50 did not last long asn as I post its back circa 135.20. CHF, EUR, GBP, AUD, NZD, CAD are all little changed against
June 28: Gold prices were nearly flat on Tuesday, as recent gains in Treasury yields prevented any significant interest in bullion. FUNDAMENTALS * Spot gold was last up 0.1% at $1,824.65 per ounce by 0056 GMT. U.S. gold futures were flat at $1,824.70. * A move by Britain, the United States, Japan and Canada to
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