In a significant move to bolster legal certainty and investor confidence in the cryptocurrency market, the UK Parliament has introduced the Property (Digital Assets etc) Bill. This groundbreaking legislation aims to establish a robust framework for recognizing digital assets as personal property under English and Welsh law. By granting digital …
Read More »AI Stocks Face Reality Check: Sell‑Offs, Winners, and Strategic Risks
What’s Really Behind$1 Trillion Sell‑Off in Software StocksSince the week began, artificial in…
Sterling Declines Following BoE’s Decision, US Labor Data Fuels Fed Cut Bets
The British Pound weakened against the US Dollar following the Bank of England’s decision to k…
BoE’s Bailey Signals Scope for Rate Cuts After Narrow 5–4 Hold Vote
Bank of England Governor Andrew Bailey struck a cautiously dovish tone on Thursday after the central…
Bank of England Holds Rates at 3.75%, Split Vote Signals Cuts Ahead
The Bank of England kept interest rates unchanged at its first policy meeting of the year on Thursda…
Alphabet Beats Earnings Estimates but Massive 2026 Capex Forecast Weighs on Shares
Alphabet (NASDAQ:GOOGL) topped Wall Street expectations on both earnings and revenue for the fourth …
European Stocks Mixed as Earnings Take Center Stage Ahead of ECB, BoE Decisions
European equity markets traded in a mixed fashion on Thursday, as investors weighed overnight weakne…
Bitcoin Slides Toward $70,000 as Thin Liquidity and Tech Stock Rout Hit Risk Assets
Bitcoin slumped nearly 8% on Thursday, falling toward the $70,000 level as thinning liquidity and a …
Trump, Xi Hold Wide-Ranging Call Ahead of April Visit, With Taiwan and Iran in Focus
U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone call with Chi…
Gold Retreats in Asia as Silver Suffers Sharp Selloff on Dollar Strength
Gold prices reversed earlier gains and moved lower in Asian trading on Thursday, while silver plunge…
Recent Bitcoin Crash Signals a Deeper Crisis
Bitcoin has tumbled nearly 40% from its October peak, while Ethereum has lost half its value over th…
Market Analysis
September, 2024
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11 September 2024 9:19 pm
Analytical Reading of Recent US CPI Report: Implications for Economy, Fed
The recent release of the August 2024 Consumer Price Index (CPI) report has provided valuable insights into the current state of inflation in the United States. While the headline inflation rate has continued its downward trajectory, underlying inflationary pressures persist, raising questions about the Federal Reserve’s future monetary policy decisions.Key …
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11 September 2024 8:17 pm
What to expect from ECB?
The ECB’s Looming Decision: Navigating Complexities of Monetary PolicyThe European Central Bank (ECB) is faced with a crucial decision at its upcoming meeting: whether to lower interest rates or maintain a cautious stance. This choice is fraught with complexities as the ECB must balance the need to stimulate economic growth …
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11 September 2024 6:49 pm
Explainer: Why Tesla Stock Is Soaring
Tesla (NASDAQ: TSLA) shares continued to trend higher today, after an analyst assigned the stock a price target that is among the highest on Wall Street. Tesla stock has soared by over 25% in the last three months.Tuesday morning, shares were higher by as much as nearly 5% after Deutsche …
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11 September 2024 3:24 pm
Oil Prices Rebound Over 1% Amid U.S. Output Concerns and Inventory Drop
Oil prices rose over 1% on Wednesday, recovering some losses from the previous day, as a significant drop in U.S. crude inventories and concerns about Hurricane Francine disrupting output outweighed worries about weak global demand. Brent crude futures increased by $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, …
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11 September 2024 1:00 pm
Dollar Hits Year-Low Against Yen as Harris Gains Edge in Presidential Race
The U.S. dollar dropped to its lowest level against the yen this year on Wednesday, after investors boosted the chances of Kamala Harris winning the upcoming U.S. presidential election following a key debate against rival Donald Trump. The dollar fell as much as 1.24% to 140.71 yen, a level last …
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11 September 2024 11:45 am
European Shares Climb as Oil and Gas Sectors Lead Gains Ahead of U.S. Inflation Data
European shares opened higher on Wednesday, supported by strong performances in the oil, gas, and basic resources sectors. Investors are closely watching for the upcoming U.S. inflation report, which could provide insight into the Federal Reserve’s potential interest rate moves next week. The pan-European STOXX 600 index rose by 0.3% …
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11 September 2024 10:54 am
Bitcoin Falls Amid Heated Presidential Debate, Crypto Markets Weigh Uncertainty
Bitcoin’s price dropped on Wednesday, following a broader sell-off in risk assets as the contentious U.S. presidential debate increased concerns about the upcoming 2024 election. The cryptocurrency slipped 1.2%, reaching $56,258.6 by 05:58 GMT, while the broader crypto market also saw declines. Bitcoin turned negative after the conclusion of the …
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11 September 2024 10:28 am
Oil Prices Rebound Amid Hurricane Concerns, Despite Weak Demand Outlook
Oil prices rose on Wednesday, recovering some of the sharp losses from the previous day, as concerns over Hurricane Francine disrupting U.S. output offset ongoing fears of weak global demand. By 04:30 GMT, Brent crude futures had gained 34 cents, or 0.5%, reaching $69.53 a barrel, while U.S. West Texas …
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11 September 2024 10:08 am
Gold Prices Near Record Highs Amid Election Uncertainty and Inflation Data Anticipation
Gold prices edged higher in Asian trading on Wednesday, nearing record levels as uncertainty surrounding the 2024 U.S. presidential elections intensified after a heated debate between candidates Kamala Harris and Donald Trump. Investors also shifted focus to a crucial U.S. inflation report, pushing demand for safe-haven assets like gold and …
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11 September 2024 9:34 am
Asian Stocks Fall Amid U.S. Presidential Race Uncertainty and Trade Tensions
Asian stocks largely declined on Wednesday, driven by uncertainties surrounding the U.S. presidential race and growing concerns over trade tensions. Chinese markets took a particularly sharp hit, with the Shanghai Composite and Shanghai Shenzhen CSI 300 indexes falling 0.8% and 0.2%, respectively, reaching seven-month lows. Hong Kong’s Hang Seng index …
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11 September 2024 3:25 am
Market Drivers; US Session, September 10
Markets Await Key US Data, Central Bank DecisionThe US dollar maintained its upward trajectory on Tuesday, although its momentum appeared to be slowing as investors cautiously awaited the release of crucial US economic data. The US Dollar Index (DXY) remained near the upper end of its trading range, hovering around …
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11 September 2024 2:01 am
XAU/USD Surges As Traders Eye US Inflation Data
Gold prices experienced a surge on Tuesday as investors eagerly awaited the release of crucial US economic data and the first presidential debate in the course of the 2024’s US elections. The precious metal gained momentum as the US dollar weakened and Treasury yields declined, reflecting market expectations for a …
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