The price’s proximity to the 50-day Exponential Moving Average (50 EMA) further emphasizes its role as a significant threshold. Currently, the analysis leans towards a bullish bias above the $65,850 level. Should Bitcoin sustain a movement above this mark, it could trigger a buying trend. Conversely, a drop below this level might shift the market...
The South Korea stock market has tracked lower in three straight sessions, slumping more than 70 points or 2.4 percent along the way. The KOSPI now sits just beneath the 2,800-point plateau and it\'s expected to open under water again on Monday. The global forecast for the Asian markets is negative, with oil and technology...
(Reuters) -The European Union is set to fine Apple (NASDAQ:AAPL) about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. The fine is expected to be announced early next month, the FT said. Last year, the European Commission accused Apple of distorting competition...
The unemployment rate in Japan came in at a seasonally adjusted 2.4 percent in September, the Ministry of Internal Affairs and Communications said on Tuesday. That was below expectations for 2.5 percent, which would have been unchanged from the August reading. The jobs-to-applicant ratio was 1.24 - beating forecasts for 1.23, which again would have...
The Indonesia stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had advanced almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just above the 7,670-point plateau although it may head south again on Thursday. The global forecast for the Asian markets suggests...
The manufacturing sector in South Korea continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.9. Thats up from 51.4 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. There was...
The Malaysia stock market headed south again on Tuesday, one day after ending the three-day slide in which it had slumped more than 15 points or 1 percent. The Kuala Lumpur Composite Index now rests just above the 1,610-point plateau and it may extend its losses on Wednesday. The global forecast for the Asian markets...
The Bitcoin price slipped below $60,000 level on Wednesday in wake of US Consumer Price Index (CPI) inflation data that supported the case for the US Federal Reserve to start cutting interest rates next month. The CPI rose MoM pace of 0.2% and a YoY pace of 2.9% in July, more or less in line...
The ECB warns that Bitcoin’s rise benefits early adopters, leading to wealth inequality and social instability.Bitcoin’s original goal as a global payment system has failed due to slow transactions and high costs. The European Central Bank (ECB) has issued a critical assessment of Bitcoin’s soaring value, claiming that its expansion poses serious threats to social...
JAKARTA - PT Puri Karya Bersama (PKB), a subsidiary of PT Puri Global Sukses Tbk (PURI), has secured a syndicated revolving loan for working capital from 13 rural credit banks worth IDR 200 billion. The facility is equal to 166.15% of total PURIs equity as of June 2024 of IDR 120.36 billion. In the issued...