The Canadian dollar weakened against other major currencies in the European session on Friday. The Canadian dollar fell to a 4-1/2-year low of 1.4070 against the U.S. dollar, from an early high of 1.4052. Against the euro and the yen, the loonie slid to 2-day lows of 1.4848 and 110.73 from early highs of 1.4804...
China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment. Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday. The slowdown in growth...
German stocks were notably lower on Friday after Federal Reserve Chairman Jerome Powell damped market expectations of quick interest rate cuts. Investors shrugged off some positive data on the domestic front, which showed Germanys wholesale prices continued to decline in October, though at a slower pace. Destatis reported that German wholesale prices decreased 0.8 percent...
The Canadian dollar weakened against other major currencies in the European session on Friday, as crude oil prices declined amid worries about oversupply by growing U.S. crude stocks. Data from the Energy Information Administration (EIA) showed crude oil inventories in the U.S. climbed by 2.1 million barrels last week, matching the increase seen in the...
French stocks traded lower on Friday after Federal Reserve Chair Jerome Powell signalled a cautious approach on rate cuts, given persistent inflationary pressures. Powell said the U.S. central bank does not need to rush to lower interest rates and can approach decisions carefully. The benchmark CAC 40 was down 30 points, or 0.4 percent, at...
U.K. stocks were little changed on Friday and the pound hovered near a four-month low after data showed Britains economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter. In a blow to Chancellor Rachel Reeves, the U.K. economy grew only marginally in the third quarter on weak services output,...
Ethereum gains traction as whales accumulate and institutional interest grows, signaling potential leadership in the upcoming altcoin season.Sui emerges as a rising blockchain star with robust TVL growth and a dynamic DeFi and gaming ecosystem. The crypto market is poised for another fascinating year, as altcoins continue to pique the interest of investors and analysts...
In key on-chain performance metrics, Solana has outperformed Bitcoin and Ethereum.Despite its performance thus far, Glassnode predicts more uptick to come. Solana (SOL), currently the sixth-largest cryptocurrency, has outperformed Bitcoin (BTC) and Ethereum (ETH) in key metrics. According to Glassnode, Solana has seen more price increases and trading volume than Bitcoin and Ethereum. Solana Leads...
Russia has banned crypto mining in 10 regions due to energy demands.Russia remains open to Bitcoin and crypto mining but with strict tax compliance conditions. The Russian government has approved crypto mining restrictions in a list of regions and territories. According to the local news agency TASS, crypto mining will remain restricted in 10 regions...
Bitcoin’s next market peak could align with macro trends, institutional adoption, and ETF interest.Technical indicators suggest the Bitcoin market cycle top might occur in early 2025 or late 2026. Lark Davis, a notable crypto analyst and content creator, recently gave his ideas on Bitcoin’s anticipated price swings in 2025 and beyond. Davis investigated several scenarios...