March 24 2023 🕓 3 min
USD/JPY plunges toward 130; more losses likely
The bearish pressure is expected to continue as there is little support for the USD at the moment.
Robinhood data breach affecting 7 million people
November 9 2021
Robinhoood, one of the most used trading platform, has only recently informed that it was hacked. The data breach exposes email addresses and names of over 7 million users. Robinhood has stated that it has rejected to pay the ransom asked by attackers.
More market movers from category
March 24 2023
Hermes stock at new all-time high
Hermes International (RMS) jumped to a new all-time high of over 1,806 per stock. The company is up 24% so far in 2023 and up 49.5% in the last 12 months. Hermes is currently valued at 188 billion euros.
March 21 2023
FRC gains 30% amid banking mayhem
After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.
March 20 2023
EU stock indices rise over 1% 📈
The European stock indices rose despite the ongoing fears of more bank collapses. DAX jumped 1.1%, slowly heading back to 15,000, and STOXX is up 1.4%.
March 17 2023
The European stock market digested inflation data negatively. This sent DAX 40, EU 50, and other EU stock indices approximately 2% lower on Friday.
March 17 2023
SVB Financial Group files for bankruptcy
To facilitate the sale of its assets, SVB Financial Group has filed for Chapter 11 bankruptcy protection. This comes days after the US government seized its subsidiary, Silicon Valley Bank.
March 13 2023
US regional bank stocks tank 🚨
1. Western Alliance $WAL: -82%
2. First Republic $FRC: -78%
3. PacWest $PACW: -54%
4. Comerica $CMA: -43%
5. Zions Bancorp $ZION: -32%
6. Fifth Third $FITB: -23%
More market movers
March 24 2023
Bitcoin reportedly entered a supercycle
Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.
March 24 2023
The Japanese Yen has been strengthening against all other currencies on Friday. EUR/JPY fell the hardest, by 1.82%. Other currency pairs, like NZD/JPY and GBP/JPY, are also down 1.5% so far.
March 24 2023
Hermes stock at new all-time high
Hermes International (RMS) jumped to a new all-time high of over 1,806 per stock. The company is up 24% so far in 2023 and up 49.5% in the last 12 months. Hermes is currently valued at 188 billion euros.
March 23 2023
The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.
March 23 2023
BoE lifts interest rates again
The Bank of England lifted the UK’s interest rates by 25 bps, the eleventh rate hike in a row. The interest rates were increased from 4% to 4.25%, reaching 15-year highs, with the aim of bringing inflation down.
March 23 2023
Trading platform eToro raised $250 million in an advanced investment agreement, topping the company’s valuation at $3.5 billion. ION Group, Social Leverage, SoftBank, and other major industry players invested in eToro in the recent deal.
News
March 23 2023 🕓 3 min
Mixed messages after the Fed – markets are in a waiting mode
The US market turned green across the board as volatility makes for a roller coaster trading.
March 23 2023 🕓 3 min
Natural gas lifted after EIA data – is gas dead?
The fresh EIA storage data lifted the price of natural gas, however nothing ground-breaking happened. Will we see a rise ever again?
March 23 2023 🕓 2 min
FTSE struggles after BoE hike – future movement uncertain
Another rate hike seems to have disrupted the short-term bullish trend in the FTSE index.