Bitcoin price soars above $66K as crypto market momentum ramps up – Cointelegraph
A new wave of volatility has boosted the cryptocurrency market, with Bitcoin rising by more than $3,000 in a four-hour period on July 19. BTC/USD daily chart. Source: Trading View Data from Cointelegraph Markets Pro Trading View A nightmare for short traders unfolded early on the weekend of July 19th when BTC/USD suddenly rose from […]
An Israel-Hezbollah war could send shockwaves through the energy market
Tensions between Israel and Hezbollah continue to escalate. Hezbollah rocket and drone attacks on northern Israel have forced tens of thousands of people to evacuate their homes. Should war erupt, its effects could reverberate through the energy market. What happens in southern Lebanon will not stay in southern Lebanon. Iran would likely come to Hezbollah’s aid even […]
UK jobs market cools again as wage growth slows | Economics
British wage growth slowed to its lowest level in two years in May due to a weakening jobs market, highlighting the challenges for the Bank of England as policymakers consider whether to cut interest rates. The numbers are UK Office for National Statistics The ONS said annual wage growth slowed to 5.7 percent in the […]
Gold market analysis for July 17 – key intra-day price entry levels for active traders – Kitco NEWS
Jim Wyckoff I have over 25 years of experience covering the stock, financial and commodity markets. I was a financial journalist for FWN Newswire Services for many years and have also worked as a reporter on the active commodity futures trading floors in Chicago and New York. As a journalist, I have covered every futures […]
Housing market short 4.5 million homes – here’s how that impacts your house hunt
Without an increase in housing supply, home prices will continue to rise, the Zillow report said. (iStock) The US housing shortage is worsening, with a housing shortfall expected to grow by an additional 1.8 million homes by 2022, according to Zillow. report. The U.S. will have 4.5 million fewer housing units than needed in 2022, […]
Nate Silver joins prediction market Polymarket as advisor
Political analyst Nate Silver will join the oversight board of prediction market PolyMarkets. Announced on Tuesday. Silver founded 538 in 2008 and left the political news and predictions site and its parent company ABC in 2023. PolyMarket is the largest prediction market in the country. It is a system that allows users to buy shares […]
Stock Market Leverage in La-La Land, Rises to Historic WTF High
Estimated Reading Time: 2 minutes Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS, after skyrocketing, collapsed by 60%. Vast, unreported, and at the time unknown amounts of leverage blew up Archegos Capital Management, dishing out enormous losses to its […]
Fed chair condemns Trump shooting, declines to discuss stock market impact
Federal Reserve Chairman Jerome Powell on Monday refused to discuss the potential impact on financial markets of the assassination attempt on former President Trump, instead using the opportunity to condemn political violence. “I’m going to stay away from the markets for a second if I can and just say it was a very, very sad […]
Here’s when the crypto bull market will start, according to JPMorgan – Finbold – Finance in Bold
Global investment banking giant JPMorgan Chase (NYSE: JPM) expects a decline in cryptocurrency liquidations this month, signaling a possible market recovery starting in August. The company’s recent survey report It highlights the significant revision in estimates of cryptocurrency net inflows since the start of the year from $12 billion to $8 billion, providing important insights […]
Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%
Estimated Reading Time: 2 minutes Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” However we want to interpret this, it’s fascinating. Powell told Congress on Tuesday: “There’s no question that higher interest rates […]