Author: Charlotte

Gold extended its decline today after breaking below its 200-day moving average yesterday, a key technical development. The 200-day moving average currently sits at $4,415.51, and the break marked the first sustained move below that benchmark since November 2023. The last meaningful test came in March of this year, when buyers successfully defended the level and pushed prices back higher.Looking at the daily chart, the next major downside targets are coming into focus. The price is approaching the March 2026 low at $4,098.74. Just beneath that level sits the 38.2% retracement of the rally from the September 2022 low at…

Nearly there! A verification email is on its way to you. Please check your spam or junk folder just in case. If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: subscriptions@pei.group. Source link

A quick pulse check. Bitcoin (BTC) has been trading sideways for the last 24 hours, since falling near $61,000 yesterday. [@portabletext/react] Unknown block type “image”, specify a component for it in the `components.types` propMore interesting action is in the altcoin space right now. While most of the large names, such as ZCASH and HYPE, are the biggest losers in the last 24 hours, one name that stands out among the outperformers is Morpho. The token MOPRHO is up about 14%, outpacing most altcoins, according to CoinDesk data. Yesterday, the blockchain-based lending protocol said it raised $175 million in a funding…

September soybean meal (ZMU26) futures present a “swing-trade” buying opportunity.See on the daily bar chart for September soybean meal futures that prices have sold off recently and are now near the bottom of a well-defined trading range. It’s my bias that chart support at the $300.00 area will stop and reverse the price decline. History shows that meal prices around the $300.00 area are a value-buying opportunity.Fundamentally, global food prices are on the rise amid rising world inflation. Also, soy complex futures spread traders had been selling meal and buying soybean oil (ZLN26). However, those spread trades will have to…

Abdul Samad Rabiu, chairman of BUA Group and Africa’s second-richest man, has taken delivery of a Bombardier Global 8000 private jet valued at approximately $81 million, further expanding the corporate aviation fleet of one of Africa’s largest industrial conglomerates. Rabiu confirmed the arrival of the aircraft on Tuesday through a post on his official Instagram account, writing: “Alhamdu Lillah. A new addition. Global 8000.” The delivery follows a purchase agreement reportedly signed on December 4, 2025, at BUA Group’s Dubai office after weeks of negotiations with executives from Canadian aircraft manufacturer Bombardier. The acquisition places Rabiu among the early African…

Summary: Nigerian industries and markets work fairly well where the government is the regulator, and the private sector is the operator. But it is a rule of thumb that when the government serves as a regulator and operator in any industry, including the petroleum industry, it renders both functions ineffectual.Like most countries of the world now do, Nigeria operates a mixed economic system. A mixed economic system combines the attributes of the command economic system and market economic system. In a command economic system, a central authority, which is usually the government, controls much of the economic structure. But in…

LIVONIA, Mich., June 09, 2026 (GLOBE NEWSWIRE) — Influenced by significant market volatility, the alternative investments landscape has reached a critical point. Even as alternative investments become more mainstream and easier to access, retail investors are taking a more cautious approach and increasingly seeking financial advisors to guide them through the process.This is according to the latest Cogent Syndicated Trends in Alternative Investments™ report from Escalent. The annual report measures the rate of adoption and share of assets dedicated to alternative investments among financial advisors and affluent investors, as well as which asset classes within the category are currently favored…

U.S. inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve will keep interest rates at 350-375 bps at its June 17 meeting but is likely to increase rates by 25 bps by the end of the year. The Consumer Price Index year over year rose 4.2% in May, according to a report from the Bureau of Labor Statistics. Economists had been expecting a rise of 4.2% following the April 3.8% increase.On a month-over-month basis, CPI rose 0.5%, against expectations of 0.5% and against April’s 0.6% rise. Core CPI, which excludes food and energy costs,…

As you will recall if you read this article, Nomura announced its bonuses last month. Some people there were paid “beyond expectations.” Some were not. Some have been leaving. 💥Follow us on WhatsApp for news alerts.💥We understand that around five people have left Nomura’s trading business in recent weeks. But we also understand that at least two people have arrived.Nomura declined to comment for this article but we understand that the departures include: Sergey Smallkov, an emerging markets STIR trader in London; Kentaro Seki, a senior rates trader in Tokyo and Christopher Killoran, a junior rates trader in Sydney. An executive…

2026 could be the biggest year ever for initial public offerings (IPOs), with high-profile private companies SpaceX, Anthropic and Databricks among numerous super-sized upcoming IPOs expected to hit the markets over the coming months.If you’re a stock investor looking for fresh meat to sink your teeth into, 2026 is a veritable Fogo de Chão.But even if most or all of your money is wrapped up in low-cost index funds and you have no real hunger for these shares, you still might be digesting a considerable slice of some of these and other potential mega-cap IPOs. From just $107.88 $24.99 for…