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Showing results for: "FTX"

FTX Declares Bankruptcy

Embattled cryptocurrency exchange FTX has declared bankruptcy in the latest saga in the crypto world. The company saw a mass exodus of holders of its native coin, FTT, after news emerged that its finances, including that of its sister trading company Alameda Research, was on shaky ground. Alameda itself is being accused …

Chart the Market (15/05/2025)

ETH, H4: Ethereum (ETH) extended its rally in the previous session, reaching its highest level since March before encountering resistance near the $2,755 mark—a pivotal level that previously acted as a key inflection point. Failure to decisively break above this zone may trigger a technical retracement. Momentum indicators are flashing early signs …

Chart the Market (29/04/25)

Crude Oil Oil prices have staged a mild rebound following the heavy sell-off earlier in April, but the recovery remains fragile. Prices failed to breach the 0.618 Fibonacci retracement level, a key resistance zone, and have since formed a head-and-shoulders pattern, typically a bearish reversal signal, reinforcing the view that oil remains …

Wall Street Closes Lower on 25% U.S. Auto Tariff

Market Summary President Donald Trump has announced a 25% tariff on auto imports, a move aimed at boosting domestic manufacturing jobs but one that has rattled financial markets, raising fears of a broader trade war. The aggressive policy shift has fueled concerns over rising inflationary pressures, reinforcing expectations that the Federal Reserve …

Tariffs Spark Market Turmoil: Dollar Rise

Market Summary Tariffs have once again become a focal point, injecting fresh uncertainty into global markets. Over the weekend, U.S. President Donald Trump issued an executive order imposing 25% tariffs on imports from Canada and Mexico, along with a 10% levy on Chinese goods. The White House signaled that these measures could …

Libya Oil Field Shutdown Leads Oil Prices to Rebound

Market Summary Oil prices rebounded above the critical support level near the $73.00 mark, driven by several key factors. Libya’s key oil field shutdowns have led to a reduction of a million barrels in global daily oil supplies, significantly pushing oil prices higher in the last session. Additionally, the U.S. government is …

Eye on Today’s U.S. GDP

Market Summary Nvidia’s highly anticipated earnings report was released yesterday, but despite the numbers beating market consensus, the performance lacked a “wow” factor for investors. As a result, the market seemed to have already priced in the earnings, leading to a decline in all three major indexes on Wall Street. Despite yesterday’s …

Japanese Yen Eases on BoJ Dovish Statement

Market Summary The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar …

NFP Hammers Dollar to 4 Months Low

Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering …

Dollar Plummet On Soft CPI

Market Summary The highly anticipated U.S. CPI report met expectations with a figure below market consensus, shaking up financial markets. The dollar plummeted to its lowest level since last month amid heightened speculation of a dovish Fed stance. Concurrently, the U.S. equity market experienced a notable anomaly, marked by significant declines. This …

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