Bitcoin Dipped into a Flat
Bitcoin was down 5% on Tuesday, ending it at around $19,400 and remaining near that level by the start of European trading. Ethereum has lost 3.3% in the last 24 hours to $1055. Altcoins from the top 10 fell from...
Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for new innovation group
Jared Cohen Anjali Sundaram | CNBC Goldman Sachs CEO David Solomon has hired another senior executive from the technology sector. The investment bank is adding Alphabet’s Jared Cohen, a protege of former Google CEO Eric Schmidt and founder of Jigsaw,...
Gold Fell to Support But Unlikely to Turn Higher Soon
The price of gold fell to a new nine-month low on Tuesday, at one point falling below $1725. In the region of $1720-1740, gold has been finding support in the declines of the last 15 months, and the daily charts...
Dollar Breaches Parity Against Euro, But No Follow Through Buying
Dollar’s rally continues today and breached parity against Euro for the first time in two decades. Nevertheless, the greenback seems to be losing some momentum since then, in particular against Yen. There is prospect of a deeper retreat for Dollar...
Dollar Staying as the Strongest, But Canadian Resilient Too
Dollar is staying as the strongest major currency in the market for now. Yen and Swiss Franc are not performing too badly, as supported by mild risk-off sentiment. But Canadian Dollar is also resilient, awaiting BoC’s decision on whether to...
AUD/USD: Aussie Hits New 2-Year Low on Fresh Risk Aversion
Australian dollar accelerated lower on Monday, driven by fresh risk aversion that inflated its US counterpart. The Aussie hit new two-year low and generate strong bearish signal on break through important Fibo support at 0.6758 (50% retracement of 0.5509/0.8007, 2020/2021...
WTI Oil Price Dips on Renewed Demand Worries
WTI oil price eases on Monday, after last Thu/Fri strong recovery stalled on attempts through daily Tenkan-sen (104.55). Oil came under pressure on renewed demand concerns after China had discovered first cases of Omicron variant and ordered mass testing for...
S&P 500 futures slip ahead of kickoff to earnings season
Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures dipped early Monday morning as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment...
Yen Selloff Resumes, RBNZ and BoC to Hike This Week
Yen’s selloff resumes in Asian session with USD/JPY making new recent high. The ruling coalition of Liberal Democratic Party and its junior partner Komeito scored a strong victory in Japan’s upper house elections. There might be sympathetic votes for the...
This type of ETF is seeing near-record inflows — but will it keep paying dividends?
It’s a type of ETF seeing near-record inflows. New data shows dividend exchange-traded funds totaled almost $50 billion in fresh money in the first half of 2022, according to Todd Rosenbluth of VettaF, a financial services company. “We recently did...