Market Update

European shares reached an all-time high on Friday, with the pan-European STOXX 600 index climbing 0.2% to 525.65 points by 0713 GMT. This gain surpassed the previous record of 525.59 points set in June, and the index is on track for a fourth consecutive week of gains. The benchmark is …

Bitcoin prices fell slightly on Thursday as markets remained cautious ahead of a key U.S. inflation reading that could influence the outlook for interest rate cuts. The cryptocurrency is set to end August with significant losses, driven by a broader risk-off sentiment that has affected financial markets. Bitcoin Struggles in …

Asian stocks rose on Friday, driven by a recovery in technology shares and month-end bargain buying, particularly in China, which helped to reverse some of the heavy losses seen earlier in August. Tech Recovery and Positive Wall Street Cues Boost Asian Markets The recovery in Asian markets followed a positive …

Gold prices saw a slight decline in Asian trade on Friday, though they remained close to record highs as investors awaited crucial U.S. inflation data that could provide further insight into the Federal Reserve’s interest rate outlook. Gold Prices Hold Strong Despite Slight Dip Spot gold edged down by 0.3% …

The US Dollar continued its upward trajectory, boosted by higher interest rates and stronger-than-expected economic indicators. This surge was particularly pronounced ahead of the release of crucial Personal Consumption Expenditure (PCE) inflation data on Friday.Economic Data:Initial jobless claims fell to 231,000 for the week ending August 25, compared to the …

Bitcoin has exhibited substantial price volatility in recent times, trading within a narrow band between $60,000 and $65,000 per unit. This market instability has had a cascading effect on other, less valuable cryptocurrencies. For example, BNB has fluctuated between $460 and $635, with a discernible support level at $460 to …

Gold prices have been on a steady ascent, buoyed by the anticipation of a potential Federal Reserve rate cut. Despite strong US economic data, the market remains optimistic about a policy shift that could benefit gold. The Economic ContextThe recent upward trajectory of gold prices is a testament to the …

The US dollar continued its upward trajectory following the opening of Wall Street trading on Thursday, buoyed by positive economic data on growth and employment in the United States.The dollar index, which measures the performance of the greenback against a basket of six major currencies, rose to 101.31 points compared …

The US Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge for the Federal Reserve, presented a mixed picture in June 2024.Headline PCE Eases, Core PCE Holds Steady:The headline PCE inflation rate, which includes both food and energy prices, came in slightly lower than expected for the second consecutive …

Bitcoin price surged by 3% as US economic data aligned with expectations, boosting investor confidence. Amid a market environment characterized by thin liquidity and a potential for predatory behavior, Bitcoin bulls are targeting a price level of $62,000. The recent surge of 3% in BTC price, fueled by US macro …