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Tag: NEAR

  • Santa Claus Rally Boosts S&P 500, Fed’s Dovish Pivot Encourages Optimism

    Santa Claus Rally Boosts S&P 500, Fed’s Dovish Pivot Encourages Optimism

    Optimism Driven by Fed Signals and Moderate Inflation Data from the Stock Trader’s Almanac going back to 1969 indicates that, on average, the S&P 500 has gained 1.3% during the last five days of December and the first two days of January. The gains during this period have been attributed to various factors, ranging from […]

  • Market Watch: Social Media Discussions Soar for Solana, Stacks, and NEAR Protocol

    Market Watch: Social Media Discussions Soar for Solana, Stacks, and NEAR Protocol

    Increased Social Volumes for Trending Assets Santiment reports that Solana (+13%), Stacks (+23%), and NEAR Protocol (+17%) are the top trending assets, with social media discussions reaching new heights. Such mainstream attention often triggers FOMO (fear of missing out) and can potentially lead to price tops within the market. As of now, Solana is trading […]

  • The Crypto Market Thrives as Investors Embrace Small Steps Forward

    The Crypto Market Thrives as Investors Embrace Small Steps Forward

    Advancements in the Crypto Industry Recent news indicates that Blackrock, Nasdaq, and the Securities and Exchange Commission convened for a second time to discuss potential rule changes for listing a Bitcoin exchange-traded fund (ETF). This development, if implemented, could attract fresh investment into the crypto market, making it more accessible for new participants. Currently, buying […]

  • Fed’s Policy Pivot Fuels Speculation of Rate Cuts Amidst Softer Bond Yields

    Fed’s Policy Pivot Fuels Speculation of Rate Cuts Amidst Softer Bond Yields

    Bond yields experienced a slight decline on Monday, hovering near their lowest levels since the summer months. Traders remained focused on dissecting the Federal Reserve’s recent statements regarding the potential path of interest rates. The 10-year Treasury yield, a key benchmark, currently rests near its lowest point since July. Its most recent decline was prompted […]

  • Putin Expects Inflation to Hit 8% as Central Bank Considers Rate Hike

    Putin Expects Inflation to Hit 8% as Central Bank Considers Rate Hike

    The Context: Central Bank Expected to Increase Interest Rates President Vladimir Putin has stated that Russia’s annual inflation may escalate to approximately 8% this year. This comes just before the anticipated decision by the central bank to raise interest rates yet again in order to combat surging prices. According to a Reuters poll, most analysts […]

  • Lucid Group Expands EV Production in Saudi Arabia, Aims for Full Build Unit

    Lucid Group Expands EV Production in Saudi Arabia, Aims for Full Build Unit

    Overview Lucid Group has made significant progress at its Saudi Arabian factory since its inception, having already assembled nearly 800 cars. The primary objective of the EV manufacturer is to train over 200 local employees, according to Faisal Sultan, Lucid’s Middle East Managing Director. Factory Operations Lucid opened its first plant outside the United States […]

  • Price Drop for Stellar Lumen (XLM), Potential for Further Declines

    Price Drop for Stellar Lumen (XLM), Potential for Further Declines

    Below the $0.090 barrier zone, the price of stellar lumen is displaying negative indicators in relation to the US dollar. Currently, the XLM price is trading below both the 55 simple moving average and $0.090. (4-hours). On the 4-hours chart, a significant negative trend line is developing with resistance close to $0.090. (data feed via […]

  • Dollar Soars to Five-Week High as Yen Slides and Fed Policy Expectations Rise

    Dollar Soars to Five-Week High as Yen Slides and Fed Policy Expectations Rise

    Dollar Approaches 5-Week High Amid Expectations for Tight Monetary Policy The Japanese yen is declining, the US dollar is approaching a five-week high versus other major currencies, and investors are betting more on the Federal Reserve keeping its monetary policy tight. Crucial Information: US Consumer Price Data The release of US consumer pricing data on […]

  • As U.S. inflation looms, Asia FX declines and the dollar is approaching a one-month high.

    As U.S. inflation looms, Asia FX declines and the dollar is approaching a one-month high.

    – On Monday, most Asian currencies fell as the dollar nearly hit a month-high as markets became cautious ahead of this week’s highly anticipated U.S. inflation data and as regional economic indicators also came into sharper focus. Risk-heavy The currencies of Southeast Asia performed the worst for the day, dropping about 0.8% apiece. the country’s […]

  • Metaverse Mania: Three Cryptocurrency Projects Soar Amid Intense Scrutiny

    Metaverse Mania: Three Cryptocurrency Projects Soar Amid Intense Scrutiny

    Crypto Rally With a Metaverse Connection Despite the recent criticism leveled at the idea of the metaverse and its trajectory of growth in both the stock and cryptocurrency markets, investors have taken notice of a boom in three metaverse-related cryptocurrency projects: The Sandbox (SAND), Near Protocol (NEAR), and Flow (FLOW). In the last day, The […]