Aminan

Aminan Updated 

The FTSE 100 index in the UK witnessed a slight increase of 0.08% on Friday, closing at 7,608.08. This uptick was led by JD Sports Fashion PLC and water company Severn Trent PLC. Both companies saw their stocks rise by 4.80% and 4.42%, respectively, contributing to the overall gain of the index. Notably, JD Sports Fashion PLC performed well with a market...

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Large Bitcoin investors, often known as sharks and whales, have been accumulating the leading cryptocurrency at an unprecedented rate this year. They now control the highest amount of Bitcoin in 2023, approximately 13.03 million coins, which represents over 66% of Bitcoin's circulating supply, according to data from the behavior analytics platform Santiment. This...

Aminan

The death cross, a market chart pattern, indicates recent price weakness, occurring when the short-term moving average falls below the long-term moving average. Specifically, Cowen highlighted the paradox it has historically witnessed as it approaches the death cross, only to see subsequent declines marked by lower lows. Cowen explains that these market...

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Gold dropped to a nearly 7-month low on Thursday as traders pushed prices below the key $1,800 per ounce level, breaking decisively from the $1,900/ounce support that had held in the previous session. The most active gold futures contract on New York's Comex, December, settled at $1,878.60 per ounce, down $12.30 or 0.6%. Comex gold has lost nearly 2% in value in...

Aminan Updated 

A sharp drop in U.S. crude stocks has raised worries about fuel supply and demand. U.S. crude climbed 3.6% on Wednesday and an additional 1% on Thursday, hitting $95 per barrel for the first time since August 2022. Brent futures also reached a one-year high at $97.69. Higher energy costs and inflation concerns added pressure to longer-term bonds, with 10-year...