Gold pulls back below $2,750 level on profit taking
Gold prices pulled back below the $2,750 mark on Thursday as traders took profits following the metal’s recent rally. After a solid upward run, some investors chose to lock in gains, leading to a temporary dip in the precious metal’s price. The recent surge in gold had been driven by geopolitical uncertainties and concerns over […]
US presidential election outcome could shape the future of crypto
The upcoming U.S. presidential election could have significant implications for the future of cryptocurrency regulation. As the crypto industry continues to expand and attract attention from investors and regulators alike, the stance of the next administration will be crucial in shaping how digital assets are governed in the U.S. Different candidates hold varying views on […]
Bitcoin, Ripple, and cryptos show mixed signals in Asian markets ahead of key developments
Bitcoin, Ripple, and other leading cryptocurrencies showed mixed results in Asian markets on October 23, as traders braced for key economic data and potential regulatory changes. While some recent gains have buoyed investor optimism, caution remains high as the broader economic environment continues to pose challenges for the crypto market. Bitcoin is holding steady near […]
China think tank recommends $281 billion fund to stabilize markets amid economic uncertainty
A leading Chinese think tank has urged the government to establish a $281 billion fund aimed at stabilizing the country’s financial markets, amid rising concerns about economic uncertainty. The recommendation underscores the need for strong measures to boost confidence in China’s stock markets, which have been rattled by slowing growth and regulatory challenges in key […]
USD/CAD remains above 1.3800 as market awaits BoC policy decision
The USD/CAD pair continues to hold above 1.3800 as traders await the upcoming Bank of Canada (BoC) policy announcement, which could influence the direction of the Canadian dollar (CAD) in the near term. Investors are maintaining a cautious approach ahead of the central bank’s decision, with the U.S. dollar (USD) maintaining strength against the CAD. […]
Paul Tudor Jones invests in gold and bitcoin as inflation hedge before U.S. election
Paul Tudor Jones, the legendary investor, is increasing his stakes in gold and bitcoin in anticipation of rising inflation, regardless of whether Donald Trump or Kamala Harris wins the upcoming U.S. presidential election. Jones’ move reflects his belief that inflation will escalate post-election, and both assets are seen as strong hedges against economic uncertainty. Jones […]
Baillie Gifford and Norges Bank invest in Horizon Robotics’ Hong Kong IPO, reflecting strong AI sector interest
Global investment firms Baillie Gifford and Norges Bank Investment Management are reportedly backing Horizon Robotics’ upcoming Hong Kong IPO, signaling heightened confidence in the rapidly growing artificial intelligence (AI) sector. Horizon Robotics, a prominent player in AI chip technology, aims to leverage the IPO to fuel its expansion and capitalize on the increasing demand for […]
U.S. dollar hits 2.5-month high as Fed signals further rate hikes, yen struggles
The U.S. dollar climbed to a 2.5-month peak on Wednesday as expectations grew that the Federal Reserve would continue raising interest rates to tackle inflation. This strength in the dollar is putting pressure on the Japanese yen, which has been weakening due to the contrasting approaches of the Federal Reserve and the Bank of Japan […]
Australian dollar weakens amid rising odds of Trump win, fueling market uncertainty
The Australian dollar (AUD) has weakened due to increasing odds of Donald Trump winning the U.S. election, which has triggered risk aversion in global markets. Investors are seeking safer assets in response to heightened political uncertainty, benefiting the U.S. dollar (USD) while putting pressure on the AUD. The potential return of Trump to the presidency […]
Asian stocks swing as markets eye Fed’s next moves on interest rates
Asian stocks fluctuated on Wednesday as investors monitored the Federal Reserve’s policy outlook, with uncertainty over future interest rate hikes driving market swings. Concerns about the Fed’s next steps have led to cautious repositioning, causing major Asian indices to experience a roller-coaster session. Markets in Japan, Hong Kong, and South Korea posted mixed results, reflecting […]