In a tumultuous week for global currencies, the euro struggled against a resurgent US dollar, buffeted by a series of challenges on economic, monetary, and geopolitical fronts. The Federal Reserve’s hawkish stance, led by Chair Jerome Powell, signaled potential interest rate hikes, bolstering the greenback’s strength. Meanwhile, the European Central Bank, led by Christine Lagarde, […]
Market Analysis – November 11 USOil (WTI) bears loosen grip as buyers stage resistance. Amidst the ongoing market struggle, a notable shift has been witnessed this week in the oil market. The buyers have begun to challenge the prevailing selling momentum. Oil prices have notably held a buoyant stance, signaling a potential turnaround. Following a […]
Market Analysis – November 11 Gold (XAUUSD) faces a bearish threat. After a week of showcasing buyer intensity, sellers have successfully neutralized the bullish momentum. The bulls, who pressed the price higher to the 2011.760 level, are now forced out. The September rally gave way to strong bearish sentiment, reaching down to the 1810.130 price […]
Market Analysis – November 11 FTSE100 buyers show resilience near the 7382.500 key level. The market is displaying remarkable resilience as it battles against further decline. Buyers are steadfastly working to regain control after a strong fight. Last week, they managed to push the price up to the significant level of 7489.300. However, this level […]
Market Analysis – November 11 US30 bulls edge towards a 34203.00 stronghold. The market is currently in a tug of war as the bulls fight to make headway near the crucial 34203.00 level. This battle has been ongoing for some time. The recent price rally has shown that buyers have struggled to breach this significant […]
Cryptocurrency exchange Poloniex, helmed by Justin Sun, the founder of Tron and BitTorrent, is reeling from a significant security breach resulting in the loss of over $100 million in digital assets. The breach, targeting the exchange’s hot wallets, occurred on Friday, November 10, 2023, with the hacker successfully transferring various tokens to wallets on the […]
Introduction The 52-week high/low serves as a critical metric for investors, offering insights into a security’s performance over an extended period. This guide explores the intricacies of this measurement, its calculation, its significance, and how investors leverage it to inform their decision-making. Defining the 52-Week High/Low The 52-week high/low encapsulates a stock’s highest and lowest […]
The US dollar surged to its highest point against the yen in a year, experiencing a remarkable 1.41% gain this week—its most substantial one-week increase since August. The driving force behind this ascent was the hawkish stance of the Federal Reserve, signaling the possibility of further interest rate hikes to combat rising inflation. Federal Reserve […]
The Esya Centre, a prominent technology policy think tank based in New Delhi, has shed light on the unintended consequences of India’s crypto tax policies, which include a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions. According to their study titled “Impact Assessment of Tax Deducted at Source […]
