Bitcoin climbs to $77,000 before Fed decision as Trump readies for extended Hormuz block
Bitcoin’s Standstill Amidst Market Movements Bitcoin seems to be standing still while the rest of the market continues to shift around it. As of Wednesday during Asian trading, the largest cryptocurrency was hovering just below $77,000, showing only a slight increase of 0.1% over the past 24 hours but down 0.8% for the week. This […]
Gold prices in India: Rates on April 29
On Wednesday, gold prices experienced an uptick in India, as per data from FXStreet. The cost of gold reached INR 14,070.58 per gram, up from INR 14,053.92 the day before. For tola measurements, the price increased to Rs 164,117.00 from Rs 163,922.10 the previous day. Unit Measurement Gold Price in INR 1 gram 14,070.58 10 […]
EUR/JPY stays low under 187.00 due to risk-averse attitude impacting the Euro
EUR/JPY Fluctuation Amid Geopolitical Tensions Following three consecutive days of increases, EUR/JPY experienced a slight dip, trading around 186.80 during Asian hours on Wednesday. The euro is facing challenges, largely fueled by increasing risk aversion connected to uncertainty surrounding a potential ceasefire in the Middle East. According to a report by The Wall Street Journal, […]
EUR/USD drops close to 1.1700 before Fed interest rate decision
EUR/USD Outlook Amid Middle East Tensions The EUR/USD is currently trading lower, around 1.1715, as Asian markets open on Wednesday. The ongoing uncertainty regarding a potential ceasefire in the Middle East is bolstering the U.S. dollar as a safe-haven currency against the euro. Investors are keenly awaiting the U.S. Federal Reserve’s interest rate decision later […]
NZD/USD maintains its value near 0.5900 despite rising risk concerns
The NZD/USD pair saw a slight increase after dipping the day before, trading near 0.5890 during Asian hours on Wednesday. Despite this rise, broader risk aversion might limit its growth potential. This unease is largely attributed to diminishing hopes for peace talks between the US and Iran, especially after President Trump scrapped plans for a […]
What is the schedule for Australia’s monthly CPI and its potential impact on AUD/USD?
Australia Monthly CPI Overview The Australian Bureau of Statistics (ABS) is set to publish March data at 01:30 GMT on Wednesday. A rise of 4.7% in the Consumer Price Index (CPI) year-on-year is anticipated for March, up from 3.7% in February. The CPI reflects changes in prices of a wide range of goods and services […]
S&P 500 futures remain steady as Wall Street anticipates earnings from the ‘Magnificent 7’ and the Federal Reserve’s decision: Live updates
Market Movements and Earnings Reports Awaited Traders at the New York Stock Exchange were monitoring the markets closely as futures related to the S&P 500 remained unchanged on Tuesday night. Investors seemed to be holding off in anticipation of quarterly earnings from four significant companies often referred to as the “Magnificent Seven,” as well as […]
Federal government steps in to stop Illinois’ significant credit card swipe fee while lawmakers consider their choices.
Federal Government Blocks Illinois Credit Card Fee Law The federal government has taken action to block an Illinois law that bans certain credit card fees, a move that, while favoring financial institutions, may complicate things for state-chartered banks as lawmakers weigh their options. Late Friday, the Office of the Comptroller of the Currency, which operates […]
IREN Price Target Reduced as Bernstein Anticipates Company Shifting from Bitcoin Mining to AI
Bernstein Adjusts Price Target for IREN Amid AI Transition On Monday, analysts at Bernstein reduced their price target for IREN’s stock from $125 to $100 per share. However, they still consider it a leading choice among stocks focused on artificial intelligence. The firm noted that the company’s shift into a large-scale AI cloud provider is […]
IREN Price Target Reduced as Bernstein Predicts Shift from Bitcoin Mining to AI
Simply put Bernstein has maintained its Outperform rating for IREN, but has lowered the price target from $125 to $100, attributing this change to declines in Bitcoin mining and stock dilution. The company is pivoting away from Bitcoin mining and focusing on AI cloud services, with a significant contract with Microsoft expected to generate $1.94 […]