Pound Sterling gains on upbeat UK factory data, expected GDP growth
Stronger-than-expected manufacturing data from the United Kingdom and renewed optimism about the country’s economic growth prospects boosted the British pound on Thursday. Investors were encouraged by the latest manufacturing figures, which signaled a revival in activity, helping to ease fears of a broader economic slowdown. Another factor contributing to the pound’s strength was the anticipation […]
Crypto gets hammered in America, rebounds in Asia
This week, the cryptocurrency markets revealed a stark contrast as digital assets declined in the United States, while Asian markets experienced a resurgence. In the U.S., a selloff occurred due to regulatory pressure and rising interest rates, prompting investors to move away from riskier assets like Bitcoin and Ethereum. Meanwhile, Asian markets demonstrated resilience, with […]
Cardano celebrates milestone: Hosts Argentina’s first legally enforceable smart contract
This week, Cardano reached a major milestone by facilitating Argentina’s first legally enforceable smart contract, marking a significant step in applying blockchain technology to real-world legal scenarios. This achievement underscores the growing relevance of Cardano’s blockchain platform in both legal and financial sectors, as it pushes the boundaries of decentralized solutions. The legally recognized smart […]
Gold price sticks to intraday gains, modest USD strength caps the upside ahead of US PPI
Traders kept a tight eye on the forthcoming data from the United States Producer Price Index (PPI), which caused gold prices to inch higher throughout Thursday’s trading session. These gains were maintained throughout the day. The slight strength of the United States dollar remained a curb on any significant upward movement for the precious metal. […]
Bitnomial sues SEC over claim that XRP is a security
A lawsuit has been launched by Bitnomial, a cryptocurrency exchange, against the United States Securities and Exchange Commission (SEC), disputing the SEC’s assertion that XRP is a security. Considering that the cryptocurrency has been under examination from U.S. authorities since 2020, this legal move is the most recent development in the ongoing dispute concerning the […]
USD/INR attracts some buyers as hotter US CPI, hawkish Fed boost the US Dollar
As a result of hotter-than-expected inflation data and the Federal Reserve’s sustained hawkish stance, the USD/INR pair surged higher on Thursday, attracting buyers as the U.S. dollar strengthened. The U.S. Consumer Price Index (CPI) report revealed persistent inflationary pressures, reinforcing expectations that the Fed will maintain its aggressive monetary policy in the coming months. The […]
Japanese Yen bulls remain on the sidelines amid BoJ uncertainty, modest USD strength
As yen bulls stayed on the sidelines Thursday, the Japanese yen continued to face pressure due to growing uncertainty over the Bank of Japan’s (BoJ) monetary policy and a slight strengthening of the U.S. dollar. Despite market volatility and rising inflation concerns, the yen has struggled to gain traction, with traders awaiting clearer signals from […]
Could the DAX be trading within a wedge pattern?
The DAX, Germany’s most important stock index, has piqued the curiosity of technical analysts since it appears to be trading within a prospective wedge pattern, which indicates that there may be consolidation in the near future. This chart formation, marked by shrinking price moves, frequently precedes a breakout, which can occur either higher or lower, […]
UnitedHealth stock closes 1.10% higher on Thursday
On Thursday, UnitedHealth Group shares rose by 1.10%, closing higher amid broader market gains. This increase reflects growing investor confidence across the healthcare sector and beyond, spurred by reduced concerns over rising interest rates and potential regulatory impacts on the healthcare industry. As a key component of the Dow Jones Industrial Average, UnitedHealth’s stock is […]