UnknownUnicorn38289576

UnknownUnicorn38289576

US DOLLAR FUNDAMENTAL FORECAST: NEUTRAL 1)The US Dollar surged to fresh highs after an event-heavy week of trading 2)Federal reserve rate hike bets, economic forecast to dictate DXY strength 3)Mr. Powell’s Congressional testimony may see US Dollar volatility ahead

UnknownUnicorn38289576

EURO WEEKLY FUNDAMENTAL FORECAST: BEARISH 1)Ukraine and Moldova recommended for EU candidacy while Georgia requires further reforms 2)Apparent ‘technical issue’ results in Germany, Italy and France among those receiving less gas than requested from Russia 3)The ECB’s unsubstantiated mention of bond anti-frag tool results in rising bond spreads – emergency meeting...

UnknownUnicorn38289576

The S&P 500 and the Nasdaq Composite bounced on Friday as Wall Street attempted to find its footing following a brutal week of selling. But all the major averages ended the week in the negative, with the S&P 500 posting its worst week since 2020. The Dow Jones Industrial Average slipped 38.29 points, or 0.13% to 29,888.78, while the S&P 500 gained 0.22% to close...

UnknownUnicorn38289576

Following Thursday's heavy selloff, the greenback is holding its ground against its rivals early Friday. Economists at ING expect the US Dollar Index (DXY) to find demand on dips below 104.

UnknownUnicorn38289576

The market's biggest cryptocurrency is down roughly 70% from November highs. Actions from the Federal Reserve and fears of a recession have placed consistent pressure on financial markets, and cryptocurrencies have been among the most challenged asset classes this year. Over the last week — as Bitcoin fell through $23,000, then $22,000, then $21,000 — Yahoo...

UnknownUnicorn38289576

Billionaire investor Jeff Gundlach shared his bitcoin outlook in an interview with CNBC Wednesday. Gundlach is the CEO of Doubleline Capital, which has over $137 billion in assets under management (AUM). He is sometimes referred to as the “bond king” after he appeared on the cover of Barron’s in 2011 as “The New Bond King.” Institutional Investor named him “Money...

UnknownUnicorn38289576

U.S. stocks sank Thursday as investors weighed the potential economic costs of the Federal Reserve's ongoing fight with inflation. The S&P 500 fell by 3.25% to 3,666.77, its lowest level since Dec. 2020. It also erased gains after rising 1.5% on Wednesday. The Nasdaq Composite plunged by more than 4%, bringing the index down by more than 30% for the year-to-date....

UnknownUnicorn38289576

The U.S. stock market met popular criteria for a bear market this week as the latest declines by the S&P 500 took the U.S. large-cap benchmark down by more than 20% from its record close in January. Investors, no doubt, are wondering how far stocks might fall from here, and what to do next. The S&P 500 SPX, -3.25% met the bear-market threshold on Monday and has...

UnknownUnicorn38289576

US Dollar Index (DXY) takes the bids to refresh its intraday high around 104.00 while posting the first daily gain in three during Friday’s Asian session. The greenback’s latest run-up could be linked to the market’s indecision amid a light calendar, as well as the cautious mood ahead of Fed’s bi-annual Monetary Policy Report and Fed Chairman Jerome Powell’s...

UnknownUnicorn38289576

Bitcoin price has been dominated by bearish sentiment recently, but the BTC trend might be nearing a turnaround. Several leading analysts in the crypto community are arguing that Bitcoin price action has developed in a more irregular manner over the years and diminishing “cycles” imply Bitcoin has bottomed out.

UnknownUnicorn38289576

BitcoinBTC -0.9%, ethereum and other major cryptocurrencies have crashed this weekend, with more than $100 billion wiped from the combined crypto market after U.S. Treasury secretary Janet Yellen issued a stark crypto warning. The bitcoin price has dropped to around $27,000 per bitcoin, its lowest price since late 2020 while ethereum has crashed to under $1,500...

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Gasoline is nearing an average of $5 per gallon across the U.S., but while consumers are feeling the pain, prices are not yet at a level that would tip the economy into a recession, economists said. Where that breaking point price lies is unclear. Some suggest it would probably not be just gasoline alone that would send the economy into a tailspin. That said,...

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The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). The six currencies included in the...

UnknownUnicorn38289576 Updated 

The S&P 500 is well off its worst levels of the year, and while it is possible this is a recovery bounce before another leg lower there appears to be more upside first. But traders will want to be careful not to chase this move higher, rather use volatility to their advantage. The thinking is it could just be corrective, and at some point the market will swoon...

UnknownUnicorn38289576

Bitcoin (BTC) was founded in 2008 by a pseudonymous person or group calling themselves Satoshi Nakamoto. Bitcoin is a digital currency that doesn't rely on intermediaries or governments to facilitate peer-to-peer transactions. The maximum amount of bitcoin that can ever exist is 21 million. Bitcoin is divisible to eight decimal places. A subdivided unit of bitcoin...

UnknownUnicorn38289576

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. It also provides vehicle service centers, Supercharger stations, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes...

UnknownUnicorn38289576

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment...

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SPY tracks a market-cap-weighted index of US large- and midcap stocks selected by the S&P Committee. The listed name for SPY is SPDR S&P 500 ETF Trust.