A United States appeals court is set to hear the oral arguments relating to Grayscale Investment’s lawsuit against the Securities and Exchange Commission (SEC) over its decision to deny Grayscale’s Bitcoin (BTC) spot exchange-traded fund (ETF). According to a court motion filed on Jan. 23, both sides will present their arguments at the District of
The price of natural gas futures are trading sharply lower with the prices down close to 4% on the day. The move lower comes after the price tried to move above its 200 hour moving average (green line in the chart above) at $3.50. The high price reached $3.59 before rotating back to the downside.
The USD had another whippy day with the greenback moving lower, then up and then back down again. Overall, the dollar is ending higher vs the GBP, and CHF, lower vs the JPY, NZD, AUD and EUR and unchanged vs the CAD (ahead of the BOC rate decision tomorrow). Economically, the S&P/manufacturing PMI came in
Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and U.S. bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the market. Spot gold fell 0.2% to $1,927.35 per ounce by 10:20 a.m. ET (1520 GMT), after hitting its highest since
Sterling falls broadly today and poor PMI data indicates that recession is continuing in the UK. Comparatively, Eurozone PMIs argue that it might have escaped recession. For now, the Pound is the worst performer for the day, followed by Swiss Franc, and then Aussie. Yen is the strongest, trying to recover again, followed by Canadian
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft shares rose as much as 5% in extended trading on Tuesday after the company reported fiscal second-quarter earnings that topped analysts’ estimates. Here’s how the company did: related investing news Alphabet or Microsoft? Analysts predict which stock will come out on top Weizhen Tan
AUD/USD is aiming to print a fresh five-month high above 0.7060 ahead of Australian inflation. The USD Index has found an intermediate cushion around 101.50, however, the downside bias is still solid. A bullish momentum will be triggered after a jump by the RSI (14) into the bullish range of 60.00-80.00. The AUD/USD pair is
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The 2-10 year spread moved below the 0.0% into negative territory back in July and it has been pretty much down since then. The spread is currently at -0.706 which is supposed to be a prelude to a recession. If the Fed overstays it’s welcome on the tightening side – it seems like they want
European indices opened with slight gains but have given that all back now as the early optimism fades. US futures have also moved lower and while I want to say that the PMI data today had a helping hand in that, I can only argue that the UK report was poorer than expected. The French
NEW DELHI: Having made five consecutive weekly gains on hopes of slower rate hikes by the US Federal Reserve, gold prices today hit a fresh all-time record high in India. On , February gold futures rose to Rs 57,099 per 10 grams. The yellow metal, treated as a haven asset during uncertain times, is up
Dollar softens mildly again in rather subdued trading in Asia. Many markets are still on Lunar New Year holiday. For now, Australia Dollar is the relatively stronger one for the week, followed by New Zealander. Euro is maintaining some of this week’s gains, but there is no follow through buying. Yen is the weakest one
GBP/USD drifts into negative territory for the second successive day on Tuesday. The USD attracts haven flows amid looming recession risks and exerts pressure. Expectations that the BoE will continue raising rates should limit deeper losses. The GBP/USD pair attracts some sellers following an early uptick to the 1.2415 area and turns lower for the
Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors, according to data from a key stablecoin premium indicator. Traders should note that the tech-heavy Nasdaq 100 index also gained
The price of WTI crude oil futures are settling at $81.60. That’s down to cents or -0.02% on the day. The high price reached $80.64. The low price extended to $81.05. At the high, the price was up $1.00. At the low the price fell -$0.59. Gains were erased by the close. Looking at the
The major US stock indices rallied for the 2nd consecutive day as traders hope that inflation will continue to move lower, allowing the Fed to take the foot off the brake sooner. The Nasdaq and the S&P reached the highest level in 6 weeks (going back to December 13/14 2022. Moreover, the Nasdaq rose by
Gold price fell Rs 40 to Rs 56,840 per 10 grams in the national capital on Monday amid a fall in rates of precious metal globally, according to Securities. In the previous trade, the yellow metal had touched Rs 56,880 per 10 grams. Silver also declined Rs 85 to Rs 68,980 per kilogram. “Spot gold