Stock Markets Experience Significant Decline on Friday Due to Bank Selloffs and SVB Failure

On Friday, both European and US stock markets experienced a significant decline. First, European stocks saw drops, with the DAX and CAC down by 1.32% and 1.30%, respectively. The FTSE 100 also fell a staggering 1.67%, while the RTSI in the east declined over 0.86%. The US’s Dow Jones Industrial Average fell by 1.07%, while … Read more

XAU/USD Resumes Downward Trend Amid Rising US Bond Yields & Economic Uncertainty

The XAU/USD (Gold/US Dollar) pair has resumed its downward trend after experiencing a minor pullback, currently hovering near the $1,870.00 level. The precious metal has been experiencing fluctuations recently as the US bond yields continue to rise, putting pressure on non-yielding assets like gold. The Asia trading session is especially crucial for the XAU/USD pair, … Read more

Market Outlook: Gold Prices Dip Ahead of Upcoming FED Rates Decision

Gold and Upcoming FED Rates Decision Gold prices took a hit as the US dollar gained strength in anticipation of the Federal Reserve’s upcoming decision on interest rates. Analysts expect The central bank to raise interest rates by 0.25% to manage inflationary pressures and keep the economy on a stable footing. Recent economic data has … Read more

Ethereum (ETH): Bulls to Capitalize on Shanghai Hardfork Chatter to Eye $1.4K

Ethereum recorded bullish moves on Tuesday as Bitcoin revisited $17.5K for the initial time since 16 December. Market attitude toward United States inflation and expectations of soft economic landing backed riskier assets. Nevertheless, Ethereum witnessed red today as investors locked in profits following three optimistic sessions. Tuesday’s optimistic moves saw ETH gaining 1.21% to extend … Read more

South Korean Auto Giants Hyundai and Kia Confident See 10% Sales Increase in 2023 Despite Supply Chain Disruptions

Hyundai and its affiliate Kia are bullish about 2023, with the company expecting to make more sales than it did in the previous two years. The South Korean auto giant declared that their sales would jump 10% this year despite ongoing concerns about supply chain disruptions. The two companies sold over 6.5 million units last … Read more

3 Stocks with the Potential to Double Your Money in 2023: Redfin, Petco Health and Wellness, & Mondelez International

While 2022 didn’t unfold as planned, with the S&P 500 and Nasdaq Composite ending the year down 19% and 33%, respectively, bear markets are known to present hidden opportunities. These events, which occur once in a blue moon, enable shrewd investors to invest in innovative, game-changing companies at discounted prices. As we move forward into … Read more

Japanese Stock Market Rises 0.16% Amid Strong Performance in Shipbuilding, Mining, and Chemical Sectors

On Tuesday, the stock market in Japan closed higher, with the Nikkei 225 index rising by 0.16%. The gains in the stock market are due to positive performance in the shipbuilding, mining, chemical, petroleum, and plastic sectors. The Nikkei 225 stock market index tracks the performance of 225 large and publicly-traded companies listed on the … Read more

BTC Fear and Greed Index Gestures Bullishness Despite FTX Butterflies

Bitcoin lost around 0.47% on Wednesday to close at $16,845. Profit-taking following Tuesday’s bullish session left Bitcoin in the red, with investor focus switching to SBF’s U.S. extradition. The Fear and Greed Index climbed to 28/100 from 26/100 despite BTC’s failure to reclaim $17K. Wednesday’s session saw Bitcoin losing 0.47% to reverse Tuesday’s 2.90% partially. … Read more

EUR/USD: Bulls to Eye $1.07 on Powell Speech & FOMC Projections

It’s yet another day to watch the EUR-USD. After yesterday’s breakout session, the attention changes to Federal Chair Powell, economic indicators, and Fed’s financial decisions. Meanwhile, let’s check what EUR-USD might have for Forex traders amid such conditions. It remains a somewhat busy Wednesday for the EUR-USD as far as the economic calendar is concerned. … Read more

December 7 Top Crypto Gainers – APE, XRP, and AXS Witness Impressive Jumps

The cryptocurrency market saw a slight recovery today, with the global market capitalization gaining 0.08% to $854.54 billion during this publication. Meanwhile, the past 24hrs had the cryptocurrency market volume at $35.30 billion, indicating a 7.14% decline. Meantime, the world’s leading digital coins, Bitcoin and Ethereum, noted slight gains of 0.13% & 0.14% to $17,033 … Read more

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