Latest Market News
AUDJPY Reversing Heavily AUDJPY has undergone a sharp shift in sentiment over recent weeks. Following the breakout to fresh 2022 highs in mid-September, the pair has now collapsed and traded down from around 98.80s to 92.20s currently. The reversal comes amidst a heavy wave of risk aversion sweeping across markets which is fuelling safe-haven demand […]
Copper Turning Lower The recent short idea issued in copper futures has triggered on a break of the 3.3445 lows this week. Copper prices have turned sharply lower following the rejection at the 3.7300 and with support now broken, the focus is on a move down towards the 2.9610 level next. With the US Dollar […]
DeFi crypto lending has operated as intended through the crypto winter because transparency kept it in line and business activities were siloed, according to Maple Finance’s Sid Powell. 52 Total views 10 Total shares Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the […]
The S&P 500 fell for six days in a row and made a new year-to-date low on Sept. 27, but Bitcoin (BTC) maintained its outperformance and stayed well above its June low. This could be a positive sign because markets that show strength on the way down are the ones that outperform in the event […]
XPO Logistics Inc. XPO, +5.12% said Wednesday it has filed a Form 10 registration statement with U.S. securities regulators related to the planned spinoff of its RXO transportation brokerage. The spinoff was announced earlier this year and on Wednesday XPO reiterated its expectation that it would be completed by year-end. “Our Form 10 public filing […]
Starbucks Corp. SBUX, +3.36% announced Wednesday that it was boosting its quarterly dividend to 53 cents a share from 49 cents a share. The new dividend takes effect with the payment that’s set to be distributed Nov. 25. It applies to shareholders of record as of Nov. 11. The 8% dividend increase lifts Starbucks’ annual […]