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The crypto market heats up as ethereum leads bitcoin higher

The crypto market heats up as ethereum leads bitcoin higher

The crypto market appears to be warming up to incoming SEC commissioner Paul Atkins.He was rumored for the pick but was nominated today and is friendly to crypto. That's helped to lift bitcoin to $98,250 from a low of $94,800 just a few hours ago.Bitcoin 10 minsAlt...

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Bonds and stocks both stay bid after Powell

Bonds and stocks both stay bid after Powell

If anything, Powell was more hawkish today in his interview.He touted an economy that was stronger than thought in September and inflation "a little higher" than anticipated."The good news is that we can afford to be a little more cautious as we try to find neutral,"...

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French government loses no-confidence vote

French government loses no-confidence vote

French Prime Minister Michel Barnier negotiated Brexit, now he's going to negotiate his own exit.Supporting the vote were 331 members out of 574.The move was widely expected but it's not clear how President Macron will now proceed. An election can't be called until...

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Trump picks former commissioner Paul Atkins for SEC chair

Trump picks former commissioner Paul Atkins for SEC chair

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Nasdaq extends gain to 1%, Amazon shares hit a record

Nasdaq extends gain to 1%, Amazon shares hit a record

December is a bullish month for stocks historically and markets are following the script so far.The Nasdaq is leading the way to, up 1.0% and hitting a new record. It's a nice looking breakout and comes after a softer ISM services report underscores the likelihood of...

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EIA weekly crude oil inventories -5073K vs -671K expected

EIA weekly crude oil inventories -5073K vs -671K expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US October factory orders +0.2% vs +0.2% expected

US October factory orders +0.2% vs +0.2% expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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US November ISM services 52.1 vs 55.5 expected

US November ISM services 52.1 vs 55.5 expected

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Canada November S&P Global Services PMI 51.2 vs 50.4 prior

Canada November S&P Global Services PMI 51.2 vs 50.4 prior

SPGlobal Canada services PMIComposite PMI 51.5 vs 50.7 prior Services PMI rises to 51.2 from 50.4 in October, highest since April 2023Employment growth hits 14-month highInput costs remain elevated despite slowing from October peakExport orders decline accelerates...

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