Wall Street took a hit on Tuesday after some of the biggest names in banking sounded the alarm about overheated stock prices. The warnings set off a wave of selling across the major indexes. The Dow slid 0.53%. The S&P
Gold keeps climbing. Early Wednesday in Asia, it broke above $3,950, riding a wave of investors looking for safety as the US government shutdown inches toward a record 36th day. People are nervous—not just about Congress failing to get its
The continued pressure from the US government shutdown is making the greenback weak and it hit the 100.15 mark on Wednesday. It appears that the shutdown is never-ending, as it has reached its 36th day. This is the second time
In early Asian trading on Tuesday, the EUR/JPY continues to decline, currently hovering around 177.20. As more people speculate that the Bank of Japan may soon raise interest rates, the Yen is strengthening. Following Governor Kazuo Ueda’s recent remarks, the
For the second day in a row, WTI crude oil is showing some weakness, hovering around $60.70 per barrel. Traders are on edge, partly because everyone’s waiting to see what the Federal Reserve does next. Last week, most people thought
Right now, BCH (Bitcoin Cash) is stuck around $508, after getting knocked back from a key resistance line. Momentum just isn’t there. Both on-chain and derivatives data are painting a pretty gloomy picture for bulls. Let’s look at what’s happening
Major meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) declined due to the market mood shifting towards selling. The worst part is that it has continued even after a 4-day decline. Doge is hanging by at 0.18. This
As the U.S. central bank lowered interest rates by 25 basis points, gold surged more than 1.5% on Thursday, reaching 3.75%–4.0%. Even though Chairman Jerome Powell seemed cautious about the message about the path ahead. In the meantime, bullion rose
The British Pound showed strength versus the US Dollar on Friday, hitting the mark of 1.3160 in Asian trading sessions. Because of expectations, the FED may lower rates in December; the GBP got a lift—CME FedWatch now shows a 71%
Stocks in Asia moved slowly Thursday following a quarter-percent reduction in U.S. interest rates. Investors worldwide watched closely; meanwhile, metals and likewise currencies showed only slight responses. Folks started watching what the Bank of Japan might do, alongside talks happening
Silver saw a slight decline in Asia on Thursday, remaining below $47.50. When it was unable to maintain its position over $48.00, it faltered. Nevertheless, silver remains well above the week’s low, and losses appear to be limited. Before making
The Australian dollar rose on Thursday, hitting 0.6590 in Asia market hours. This shift occurred as the optimism bloomed when both American and Chinese leaders, President Trump and Mr. Xi, began discussions. Reports suggest discussions went well, covering topics like