Oil Prices Add 2% After Sharp Drop in US Stocks

Dollar Skids continued its downward trajectory in European trade on Wednesday, hitting four-month lows. This marks the second consecutive day of sharp losses, influenced by a new round of intervention by the Bank of Japan (BOJ) to support the yen and declining US 10-year treasury yields, which reflect the market’s anticipation of upcoming Federal Reserve…

Read more about Dollar Skids to Four-Month Lows Amid Heavy Selloff

Sterling Approaches in European trade on Wednesday against a basket of major rivals, extending gains for the second day against the dollar and scaling a year high. It is about to trade above $1.3 for the first time in 2024 following inflation data. The recent inflationary pressures are impacting Bank of England policymakers, thereby reducing…

Read more about Sterling Approaches $1.3 After Inflation Data

Dow Jones Expands Industrial Average continued its upward trajectory on Tuesday, marking successive record highs as expectations build for an imminent interest rate cut by the Federal Reserve. This bullish trend in the stock market is supported by stabilizing US retail sales and steady import prices, which collectively paint a picture of economic resilience. Current…

Read more about Dow Jones Expands Gains Towards Fresh Record Highs

Bitcoin Gives Up the world’s most valuable cryptocurrency, experienced a significant price drop on Tuesday, retreating from its four-week highs. This move marks the first loss in five days, driven primarily by active profit-taking. Despite this setback, the cryptocurrency community remains optimistic about Bitcoin’s potential to reach $70,000 in the near term, fueled by a…

Read more about Bitcoin Gives Up Four-Week High on Profit-Taking