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Bitcoin (BTC) is trading around $63,000 at press time, after three consecutive days of losses. The US Consumer Price Index (CPI) for July met market expectations of 3.4% the previous day, resulting in a mild rebound in BTC above $64,000, but it was lost later in the day, leading to a bearish close. Virtuals Protocol (VIRTUAL) and OKB (OKB) have emerged as top performers over the last 24 hours.Technical outlook: Bitcoin risks a revisit to $60,000Bitcoin is trading in the red on Thursday, keeping a bearish near-term bias as it holds beneath a dense cap of the 50-day, 100-day, and…
Strategist Scott Rubner says a growing list of stock-market buyers are pushing it in a positive direction, notably big hedge funds and institutional managers.
If you’re considering how to invest in platinum, you’re looking at a smaller, more specialised corner of the precious metals market than gold or silver, but one that offers unique opportunities. Platinum trades at a steep discount to gold today, after decades of trading at a premium to it, and carries industrial demand from diesel autocatalysts and a growing hydrogen economy that gold and silver don’t share. Like gold and silver, there are several ways to invest in platinum: physical bars and coins, ETFs, and mining stocks, each with a different risk profile and, for Singapore-based investors, a different tax…
The US Dollar continues to recover from the blow dealt by the labour market statistics. A rally in Treasury bond yields is driving the rise in the USD index amid tensions in the Middle East and a resurgence of expectations that the Fed will tighten monetary policy in September. The probability has risen to 50% after a dip to 43% following the US jobs report. The futures market still gives a 33% chance of more than one hike in 2026.Investors are focusing on the release of US inflation data for July. Factors pointing to a slowdown include productivity outpacing labour…
The “compassionate allowances” list speeds consideration for benefits.
Palladium occupies an unusual place among precious metals. For a stretch between 2018 and 2022 it traded at a higher price than even gold, driven almost entirely by its role in catalytic converters for petrol and hybrid vehicles, before falling sharply as the shift towards electric vehicles cast doubt over its industrial demand story. Unlike gold, silver, and platinum, palladium also doesn’t carry the same tax advantages in many jurisdictions, including Singapore, where it isn’t classed as an Investment Precious Metal. Palladium bars, like this one from Valcambi Suisse, are far less common than gold, silver, or platinum bullion. Is…
What Is Retail Prop Trading Retail Prop Trading Retail Prop Trading (short for Retail Proprietary Trading) has become one of the fastest-growing trends in the trading world. It allows individual traders to access a proprietary trading firm’s capital and technology to trade financial markets, including forex, stocks, indices, and crypto, instead of risking their own money. While it’s often described as trading a firm’s capital, most retail prop firms use simulated (demo) accounts that mirror real market conditions. The firm manages the risk and once a trader passes a challenge and gets a funded account, pays a percentage…
Nvidia late Monday announced a partnership with seven Wall Street financial institutions designed to raise more than $500 billion of third-party capital to fund the buildout of AI infrastructure.
Citi Mexico released the Expectations Survey on Monday, in which the central bank polled 35 economists to gather their forecasts for monetary policy, the USD/MXN exchange Rate, inflation expectations, and economic growth.Citi’s survey shows that the majority of the economists polled expect monetary policy to remain steady at 6.50%. Seven of those 35 expect the next movement to be a rate hike, and six expect a cut further ahead. The rest expect policy to remain steady.The USD/MXN exchange rate is expected to end at 17.90 in 2026, unchanged. For 2027, the consensus suggests a depreciation of the Mexican Peso (MXN),…
U.S. stock-index futures were little changed on Sunday, after new demands from Iran raised fresh doubts about the Strait of Hormuz reopening anytime soon and as investors await key inflation data later this week.