By ForexTime US Dollar still reigns, though perhaps not much longer GBP: best-performing G10 currency vs. USD year-to-date (YTD) NETH25: FXTM’s best-performing stock index YTD Cocoa: FXTM’s best-performing commodity YTD Nvidia: best-performing stock on the S&P 500 YTD Solana: FXTM’s best-performing crypto YTD We’re in the final stretch of the 2024 Olympics, set to…
The launch of new ICOs often heralds shifts in market dynamics and investor sentiment. Among the latest to capture attention is Mpeppe (MPEPE), a new cryptocurrency that is rapidly gaining traction and poised to overshadow established players like Dogecoin (DOGE). Here’s how Mpeppe (MPEPE) is redefining the crypto landscape and why it’s leaving Dogecoin (DOGE)…
By JustMarkets At Wednesday’s close, the Dow Jones Index (US30) was down 0.60%, while the S&P 500 Index (US500) decreased by 0.77%. The NASDAQ Technology Index (US100) closed negative 1.05%. Yesterday, chip stocks gave up early gains and retreated, which had a negative impact on the overall market. Stocks on Wednesday initially went up on positivity from a rally in Japanese stocks…
The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held the cash rate, Governor Bullock reinforced her…
Welcome, future algorithmic traders, to the fascinating world of algo trading, where the geeks are the new rockstars of Wall Street. Whether you’re a newbie asking, “What is algo trading?” or a seasoned pro looking for the best algorithmic trading strategies, this post is your golden ticket. The Rise of the Machines: Why algorithmic trading?…
Luxury car manufacturer Lamborghini is driving into Web3 through a new partnership with Animoca Brands, a crypto gaming and metaverse conglomerate. This collaboration aims to create new Web3 brand engagement strategies, showcasing the evolving applications of blockchain technology and offering unique digital experiences for Lamborghini’s fans and clients. Animoca Brands noted that this partnership, announced on August 8, seeks…
As shown on the XAG/USD chart, the price of silver is currently around $26.75 this week, marking the lowest level since early May. In our analysis of silver on June 6, we noted: → Silver was underperforming gold—a bearish sign; → Other bearish indicators included a double top pattern near the $32 per ounce level….
August 8, 2024August 8, 2024 Euronav, a shipping company based in Belgium, predicts an increase in global sea trade this year due to changes in Red Sea shipping routes. The company mentioned potential risk factors, including the change in the U.S. presidency and a slowdown in China’s economy. They…
The natural-gas burning parts of North America are likely to experience a colder winter if La Niña emerges. Today, US weather forecaster CPC pegged the odds of La Nina emerging in Sept-November at 66% and persisting throughout the winter. There is plenty of variability but during La Niña, the Northern United States and Southern Canada…
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