Galeanu Mihai The U.S. Dollar Index (DXY) and U.S. Treasury yields fell for the second consecutive week following the release of softer-than-expected Consumer Price Index (CPI) data. The US dollar index (DXY) slipped 0.75% after softer inflation numbers increased the odds of a September interest rate cut by the Fed.Continue Reading
Chinnapong/iStock Editorial via Getty Images Bitcoin (BTC-USD) is set for a weekly rise of 2.7%, in a week that saw retail inflation ease, while wholesale inflation came in hotter than expected. The world’s oldest cryptocurrency stayed under the $60K mark throughout the week, but hovered around the point, on Thursday.Continue Reading
Gold prices were set for a third week of gains on Friday as easing inflation boosted optimism over a rate cut by the Federal Reserve, while Brent Crude prices (CO1:COM) rose above $86 a barrel, even though it was set for a weekly drop. Spot gold (XAUUSD:CUR), down -0.5% toContinue Reading
scgerding/iStock via Getty Images The Association of American Railroads [AAR] reported on Wednesday that for the week ending July 6, 2024, U.S. rail traffic was 421,817 carloads and intermodal units, up 3.3% year-over-year. Total carloads for the week fell 1.2% to 195,030 carloads, while U.S. weekly intermodal volume was 226,787Continue Reading
primeimages This week’s biggest financial gainers were led by one bitcoin (BTC-USD) miner, two South Korean banks, one U.S. lender and one Japanese lender. On the other hand, two Argentine banks fell the most, followed by two reinsurers and one investment brokerage. Overall, financial stocks (with market cap over $2B)Continue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures settle lower on the day while notching a fourth straight weekly increase, helped by a much larger than expected drop in U.S. crude inventories, renewed hopes that the U.S. Federal Reserve might start cutting interest rates soon, and heightened geopolitical risks in theContinue Reading
Bitcoin (BTC-USD) is set to fall 6.5% on a weekly basis, as defunct Japanese exchange Mt. Gox starts its payout process. The oldest cryptocurrency saw a gradual decline throughout the week, and slipped below the $60K mark on Wednesday. BTC dropped below the 200-day moving average on Thursday, as Mt.Continue Reading
Smederevac The Association of American Railroads [AAR] reported on Wednesday that for the week ending June 29, 2024, U.S. rail traffic was 491,899 carloads and intermodal units, up 3.9% year-over-year. Total carloads for the week rose 1.1% to 224,775 carloads, while U.S. weekly intermodal volume was 267,124 containers and trailers,Continue Reading
Nastassia Samal The world’s largest exchange-traded fund by AUM, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), witnessed a net inflow of $16.7B in the final week of June. 3 out of 4 weeks in June saw an outflow. Overall, the SPY fund (SPY) wrapped up an outflow of $9.6B forContinue Reading
MicroStockHub/E+ via Getty Images Bitcoin (BTC-USD) is set to fall 5.2% on a weekly basis, as the robust demand buoyed by the creation of spot BTC ETFs earlier in the year has cooled. “Bitcoin is facing some short-term headwinds as the market fears sell pressure from governments and Mt. GoxContinue Reading
