Author: FX

champc It was an exceptionally strong week for cryptocurrency-exposed stocks among the broader financial sector, as bitcoin (BTC-USD) gained 4.2%. Earlier this week, Michael Novogratz, founder and CEO of Galaxy Digital, said crypto stocks have been rallying in response to a dovish Fed. Meanwhile, traditional financial stocks treaded water during the same period, with the Financial Select Sector SPDR (XLF) ending the week at $37.26 vs. $37.35 at Dec. 15’s close. Marathon Digital Holdings (NASDAQ:MARA), soaring 46%, topped the list of gainers for the week ended Dec. 22, the last 5-day trading week of the year. On Monday, the company…

© Reuters Investing.com — Here is your Pro Recap of the biggest dividend hikes, special dividends, and share-buyback announcements you may have missed this week.Looking to build a market-betting portfolio for 2024? Join InvestingPro now and access the AI-powered strategy that outperformed the market by 670% over the last decade.AutoZone announces new $2 billion share buybackAutoZone (NYSE:) declared that its Board of Directors approved an additional $2.0 billion for the buyback of the company’s common stock, as a part of its continuing share repurchase program.Since this program began in 1998, the Board of Directors has now authorized a total of…

In the fast-paced world of financial markets, traders are constantly seeking an edge to gain an advantage. The Boss Binary Options MT4 Indicator is one such tool that has garnered attention in recent times. This article will delve into what this indicator is, how it works, and why it has become a favorite among traders. Understanding Binary Options Before we dive into the specifics of the Boss Binary Options MT4 Indicator, let’s briefly understand binary options. Binary options are a type of financial derivative where traders speculate on the price movement of an underlying asset. Unlike traditional trading, binary options…

© Reuters. FILE PHOTO: Tesla’s new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., December 9, 2023. REUTERS/Mike Blake/File Photo By Nichola Groom and Cath Turner LOS ANGELES (Reuters) – The angular, polarizing design of the Cybertruck will help boost the Tesla (NASDAQ:) brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “Love it or hate it, it’s a conversation starter, and it gets people talking about the brand,” Tesla Chief Designer Franz von Holzhausen said at the Petersen Automotive Museum in Los Angeles, which is…

In the fast-paced world of financial markets, traders are constantly seeking an edge to gain a competitive advantage. To succeed in trading, one must possess a keen understanding of market dynamics and use the right tools. One such tool that has gained popularity among traders is the WeisWave MT4 indicator. In this article, we will delve into the intricacies of this powerful indicator, exploring its features, benefits, and how it can be effectively utilized for trading. So, let’s dive right in! What Is the WeisWave MT4 Indicator? The WeisWave MT4 indicator is a technical analysis tool designed to help traders…

JPY & USD were the biggest losers this thanks to central bank sentiment and outlook, supported by the latest BOJ monetary policy statement & a busy U.S. calendar.  Source link

The S&P 500 (SP500) on Friday advanced 0.75% for the week to close at 4,754.63 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) added 0.92% for the week. The benchmark index extended its astonishing bull run to eight straight weeks, its longest such streak since early November 2017. Following on from the Federal Reserve’s long-awaited dovish pivot last Wednesday, economic data over the past few days continued to bolster bets for rate cuts and a soft landing. However, Wall Street’s inexorable rally did show some signs of fatigue this week. On…

Anti-Dollar & risk-on vibes played out across the financial markets, likely a continuation of themes driven by recent less hawkish central bank statements. Source link

The year is working to an end, but before markets slow to a trickle next week, there was one more key economic release today. The headline and core PCE data – the favored inflation quide for the Fed – was released at 8:30 AM ET, and it showed a lower than expected gain of 0.1% for the core measure (0.2% was expected) and -0.1% for the core measure (0.0% expected). The YoY measures for core and headline were also lower at 3.2% and 2.8% respectively (vs 3.3% and 3.0% expected). The decline of -0.1% was the first since April 2020.…

The year is working to an end, but before markets slow to a trickle next week, there was one more key economic release today. The headline and core PCE data – the favored inflation quide for the Fed – was released at 8:30 AM ET, and it showed a lower than expected gain of 0.1% for the core measure (0.2% was expected) and -0.1% for the core measure (0.0% expected). The YoY measures for core and headline were also lower at 3.2% and 2.8% respectively (vs 3.3% and 3.0% expected). The decline of -0.1% was the first since April 2020.…