Copper price edged lower earlier on Monday before recouping some of those losses. At the time of writing, Comex futures were trading at $6.37 a pound after hitting an intraday low of $6.27. At its current level, the bulls are striving for a rebound back within the months-long bullish channel. On the one hand, the
Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively. Sandisk, Western Digital, and Seagate face a major
The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance (AERO),
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The
The S&P 500 Index remained under pressure last week after the Federal Reserve delivered a highly hawkish interest rate decision. It also wavered as investors reacted to the new ceasefire between the US and Iran, which drove energy prices lower. This article looks at some of the key catalysts for S&P 500 and the key
XRP price retreated for the fourth consecutive day, even as demand in its exchange-traded funds (ETF) continued this week. Ripple dropped to $1.1305, a few points below this week’s high of $1.2875, mirroring the performance of other cryptocurrencies. XRP ETF inflows point to resilient demand Data compiled by SoSoValue shows that there is resilient demand
Celestica stock price has slumped in the past few weeks, falling from the all-time high of $655 in June to the current $524. This retreat continued today, even after the company announced a $300 million investment in Texas. So, is it safe to buy the dip? Celestica announces a major US investment Celestica, a top
The FTSE 100 Index remained in a narrow range this week as focus shifted to the key UK macro data and actions from the Federal Reserve and the Bank of England (BoE). It was trading at 10,440 points on Wednesday, up from this month’s low of 10,122. Bank of England interest rate decision The FTSE
The USD/CHF exchange rate rose modestly after the Federal Reserve left interest rates unchanged on Wednesday, with investors now turning their attention to the Swiss National Bank’s upcoming monetary policy decision. It was trading at 0.7988, up slightly from this week’s low of 0.7900. US dollar jumps after FOMC decision The USD/CHF pair drifted upwards
The crypto market is on edge today, June 18, as investors react to the hawkish Federal Reserve decision and the ongoing boom in the stock market. Bitcoin price retreated below $65,000, while the market capitalization of all tokens fell by 3% to $2.2 trillion. Some of the top laggards were coins like Audiera, DeXe, SPX6900,