The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average BitcoinRead More →
Oil futures fell sharply on Wednesday, logging lowest settlement since mid-December, as comments from President Donald Trump calmed nerves surrounding a potential war with Iran. Prices had seen a sharp but brief spike late Tuesday, brought on by Iranian missile strikes at bases in Iraq where U.S. troops are stationed.Read More →
DUBAI (Reuters) – Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco (SE:), which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on DecRead More →
Gold futures marked a fourth straight session decline on Tuesday to settle at their lowest since August, as strength in the U.S. dollar and fresh highs for U.S. stock benchmarks contributed to waning demand for haven gold. The charts for gold “remain negative and the overall macroeconomic environment doesn’t haveRead More →
Oil futures settled lower Tuesday, pressured by signs that Saudi Arabia is making progress in restoring production following attacks on processing facilities, as well as concerns over the global demand picture. Also contributing to declines in oil prices, Iranian President Hassan Rouhani on Tuesday said he was open to discussRead More →
Getty Images Applicants line up for employment prospects. Job openings in the U.S. fell sharply in February, but there’s still more work available than the number of people officially classified as unemployed. The number of job openings across the country fell by more than half a million in February toRead More →
© Reuters. FILE PHOTO: Attendees at Samsung Electronics Co LtdÕs Unpacked event test out the companyÕs new devices in in San Francisco By Ju-min Park and Heekyong Yang SEOUL (Reuters) – Samsung Electronics (KS:) Co Ltd said on Friday it was heading for its lowest quarterly profit in more thanRead More →
The Institute for Supply Management reported Friday its manufacturing purchasing managers index in February fell to the lowest level since November 2016. It’s funny how often that date is cropping up. The ISM index now joins other economic series falling to the lowest level since President Donald Trump surprised almostRead More →
Crude-oil futures marked their lowest settlement in more than a week on Monday as President Donald Trump blamed OPEC for a recent resurgence in prices, calling for moderation. “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” Trump tweeted.Read More →
