GBP/USD Weekly Forecast: Range-Bound Ahead of Fed Cut Decisions
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of…
Trump To Install New Pro-Crypto CFTC Chair? Here’s What We Know So Far
New reports reveal that United States President Donald Trump has picked pro-crypto Michael Selig as the new chair nominee for the Commodity Futures Trading Commission. The CFTC’s role involves overseeing…
Trump: I am increasing tariff on Canada by 10% over and above what they are paying now
Trump is still crying about an ad that clearly captured how Ronald Reagan felt about tariffs. This is surely just some kind of squeeze to try to get a better…
LIC raises stake in these FMCG stocks nearly 2%. Do you own?
Life Insurance Corporation (LIC) has increased its shareholding in FMCG majors Tata Consumer Products and Dabur India, as per exchange filings by both companies. The move reflects LIC’s continued confidence…
Gold Weekly Forecast: Rally Pauses Ahead of Fed Easing
Gold weekly forecast turns slightly bearish after sharp profit-taking. A stronger dollar kept the gold under pressure, with a medium-term uptrend. Traders look ahead to initial jobless claims, Chicago PMI,…
ISM Data Hints Bitcoin Cycle Could Last Longer Than Usual
The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a…
Cotton Mixed at Midday | Nasdaq
Cotton futures are anywhere from down 9 to 9 points higher at midday. The dollar index is up 122 points, with crude oil futures $1.25/barrel lower. Rains expected in the…
NFT sales plunge 42% to $93m, Pudgy Penguins sales nosedive 76%
According to CryptoSlam data, NFT (non-fungible token) sales volume has plunged by 42.42% to $93.18 million, down from last week’s $161.7 million. Summary NFT sales fell 42% to $93M, while…
US stocks jumped at the open as CPI is cooler than expectations
The major US stock indices are trading higher helped by cooler CPI data and better earnings from Intel. Chips stocks are higher with Nvidia up 1.46%, Broadcom up 2.3%, AMD…
Could the Tesla stock price shatter the $500 barrier?
Over the past year, Tesla (NASDAQ: TSLA) has put in a storming performance. The Tesla stock price has soared 72% in just 12 months. That means that the carmarker’s shares…