Binance Coin (BNB) is on the verge of a potential breakout to a new all-time high, driven by growing on-chain activity, a recent price surge, and the resolution of ex-CEO Changpeng Zhao’s legal issues. The token has been trading within an ascending triangle pattern since May 16, with a bullish …
Read More »Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Market Analysis
June, 2024
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4 June 2024 9:03 pm
US dollar struggles amid weak labour market data
Following steep losses on Monday as a result of the unsatisfactory May ISM PMIs, the US dollar secured some gains although JOLTS for April revealed fewer job openings than anticipated. Despite struggling, the US Dollar Index is 0.04% up, trading at 104.09 at the time of writing. In order to …
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4 June 2024 8:23 pm
US stocks retreat on weaker economy woes
Investors reacted to underwhelming recent economic data and prepared for the release of key payroll data later this week.Monday’s US manufacturing data for May came in below expectations and indicated that a recent contraction is deepening, albeit slightly.These figures follow other data that suggests the world’s largest economy is slowing …
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4 June 2024 7:45 pm
Rumours drag USD/JPY lower
USD/JPY has fallen to 155.00 due to a combination of risk-off market sentiment and rumors that the Bank of Japan (BoJ) is considering reducing bond purchases at its June meeting. This move would raise Japanese bond yields and support the Yen, a negative for USD/JPY. The US Dollar (USD) bounced …
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4 June 2024 6:52 pm
ChatGPT down again after “major outage”
After what OpenAI referred to as a “major outage” earlier today that affected millions of users globally, ChatGPT seems to have recovered. But it appears that the chatbot is having problems once more, as OpenAI reports that it is “unavailable for some users” once more. Reports of today’s ChatGPT issues …
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4 June 2024 6:10 pm
US JOLTS Job Openings decline below expectations
The number of job openings on the last business day of April stood at 8.059 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed the 8.35 million (revised from 8.48 million) openings reported in March and …
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4 June 2024 1:43 pm
Dollar Recovers After Steep Losses, Euro Dips on Weak German Employment Data
The U.S. dollar rebounded in early European trading on Tuesday, reversing overnight declines. The euro weakened following the release of disappointing German employment figures. At 04:45 ET (08:45 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, rose 0.1% to 104.165, after briefly falling …
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4 June 2024 12:43 pm
European Stocks Retreat Amid ECB Caution and US Labor Market Data Anticipation
European stock markets experienced a downturn on Tuesday, driven by investor caution ahead of the European Central Bank’s (ECB) upcoming policy meeting later in the week. As of 03:20 ET (07:20 GMT), the DAX index in Germany declined by 0.6%, the CAC 40 in France fell by the same margin, …
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4 June 2024 11:48 am
Asian Markets Dip on India Election Results and U.S. Economic Concerns
Asian share markets experienced a downturn on Tuesday as global investors awaited the official results of India’s general election and assessed the potential weakening of the U.S. economy’s exceptionalism amid further decline in manufacturing activity. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%, despite mild gains in U.S. …
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4 June 2024 5:41 am
Market Drivers; US Session, June 3
The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Inter-continental Exchange, the parent company of …
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4 June 2024 4:30 am
Japan’s Suzuki: Early May intervention was in a response to speculations
Japanese Finance Minister Shunichi Suzuki said on Tuesday that foreign exchange (FX) intervention had effects to some effects, adding that the central bank will continue to respond appropriately when asked about forex. At the time of writing, USD/JPY is 0.19% higher on the day trading at 156.38. the USD/JPY pair …
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4 June 2024 3:16 am
Why have some of Warren Buffett’s shares dropped by 100%?
On the opening day of the new trading week, there were trading disruptions on the New York Stock Exchange due to a technical issue that resulted in the suspension of trading in certain blue-chip companies and large losses for other equities during Monday’s session.The most severely impacted company by this …
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3 June 2024 11:06 pm
Brent Falls Below $80 For First Time Since February
The nearest contract for Brent futures dropped 3.59 percent to $78.19 at the time of writing, while the American WTI contract was down 3.43 percent at $74.26. it is worth mentioning that Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, …
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