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How is Musgrave Minerals (ASX:MGV) positioned at its flagship Cue Gold Project?
June 16, 2022 03:26 PM AEST| By Mohammad ZaidMusgrave Minerals Limited (ASX:MGV) has been sharing back-to-back key critical developments at the Company’s flagship Cue Project. The project comprises of two major trends, including a western trend and a very high-grade trend along the Bre.....
Mount Burgess receives assay results from Nxuu deposit, resource estimate on Kihabe progresses
June 16, 2022 03:20 PM AEST| By SukritiHighlights Mount Burgess Mining NL (ASX:MTB) has received further assays from three more of the 18 holes drilled into the Nxuu Deposit last year. The Company will engage an independent consultant to conduct a resource estimate compliant with th.....
GDP fall to impact RBNZ’s monetary stance in next MPC?
June 16, 2022 02:24 PM AEST| By ManikaHighlights NZ’s GDP fell 0.2% in the March 2022 quarter This is mainly due to the Omicron spread during that time Despite a contraction in the economy, the RBNZ unlikely to change its monetary policy stance New Zealand's GDP fell 0......
CBA, WBC, ANZ: How are these ASX bank stocks faring post Fed rate hike?
June 16, 2022 02:14 PM AEST| By Sukriti NairThe US Federal Reserve lifted its official interest rate by 0.75 percentage point on Tuesday night (June 15) in order to combat the highest inflation in four decades. Wall street stocks rallied cheering the move. The ASX futures were up 0.3% at aro.....
Crypto Catch: Bitcoin falls to dangerous level, escapes major selloff
June 16, 2022 02:12 PM AEST| By Daniel Paul JohnsHighlights Last night, the world’s largest cryptocurrency, Bitcoin, almost fell below a critical support level, which might have spelt disaster for the entire crypto industry Meanwhile, Microsoft founder, Bill Gates, has blasted digital a.....
US Fed's monster 75 bps rate hike; how did ASX 200 shares respond?
June 16, 2022 01:19 PM AEST| By AshishHighlights The US Federal Reserve has hiked interest rates by a three-quarter of a percentage point. The Fed also said that either a 50 or 75 bps rate increase at its next policy meeting seemed most likely. The Australian share marke...
Up 70% in 24 hours: Why is Aragon (ANT) crypto racing higher?
June 16, 2022 01:05 PM AEST| By Ankit SethiHighlights BTC and other cryptos are rising at the moment, but the ANT token has appreciated more Aragon claims to provide DAO services to developers, with tokenisation for the community The ANT crypto has lost on a year-to-date basis, with pr.....
Minimum wage hike: How will it impact inflation and RBA interest rate decision?
June 16, 2022 12:47 PM AEST| By Akanksha VashishtHighlights The Fair Work Commission (FWC) has increased the minimum wages by 5.2% as cost-of-living pressures increase. Higher wages are often associated with job losses and can contribute to ongoing inflation. An increase in wages could force.....
Lithium Australia (ASX:LIT) JV partner discovers first pegmatite lens at Greenbushes South Project
June 16, 2022 12:21 PM AEST| By Nitish KumarHighlights Lithium Australia’s JV partner has delineated 18 key target zones for lithium pegmatites at Greenbushes South Project. A follow-up mapping and sampling of the first target site resulted in a pegmatite outcrop lens of 200m X 40m.....
ASX 200 breaks four-day losing streak in morning trade, gains nearly 1%
June 16, 2022 11:59 AM AEST| By Priyanka PayalHighlights The Australian share market opened higher today breaking its four-day losing streak A relief rally on Wall Street boosted investors’ sentiments Eight of 11 sectors traded higher in the first hour of trade The benchmark AS.....
Bill Gates' crypto remark: What is greater fool theory?
June 16, 2022 11:13 AM AEST| By Ankit SethiHighlights Bill Gates has commented on both cryptos and NFTs, but this has not impacted Bitcoin’s price Finding another ‘fool’ to purchase goods at a higher price is what the greater fool theory is all about The total market .....
IPL, GNC, LYC: Why these ASX shares rose over 2% despite weak market
June 16, 2022 08:49 AM AEST| By Ashishow. Australian shares traded on a weak note on Wednesday, triggered by the US inflation data for May. The domestic market’s decline was led by losses in the IT, A-REITs, and energy sectors. The ASX 200 closed Wednesday 1.27% down to hit...
ASX 200 to rise; Wall Street soars after Fed hikes rates by 75 bps
June 16, 2022 07:56 AM AEST| By Ashisher. The Australian share market is likely to rebound on Thursday following a robust overnight trade on Wall Street. The US stocks rose after Federal Reserve hiked interest rates by 75 basis points, the biggest increase since 1994, and assured...
Wall Street rallies after Fed’s big rate hike; NUE, BA, BYND soar
June 15, 2022 01:56 PM PDT| By Rupam RoyWall Street indices closed higher on Wednesday, June 15, after the Federal Reserve raised the interest rates by 0.75%, its biggest increase since 1994, to rein in the relentless spike in inflation. The S&P 500 was up 1.46% to 3,789.99. The Dow J...
Celsius (CEL) crypto soars nearly 100%: All you need to know
June 16, 2022 03:50 AM AEST| By Rupam RoyHighlights: The CEL token surged over 99% on Wednesday morning. Celsius claims to be an all-in-one banking and financial service provider for crypto users. It saw the highest price of US$1.17 in the last 30 days. The Celsius (CEL) crypto .....
Is Tron (TRX) crypto declining on USDD dollar de-pegging news?
June 16, 2022 02:53 AM AEST| By Rupam RoyHighlights: USDD lost its dollar-pegged price on Monday. The USDD traded at around US$0.97 on Wednesday. The TRX saw the highest price of US$0.09094 in the last 30 days. The Tron (TRX) crypto was on investors' radar Wednesday after its st.....
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Why is Raiden Network Token (RDN) rallying today?
June 15, 2022 11:02 PM AEST| By Manu ShankarPowered by the Ethereum blockchain, Raiden Network Token (RDN) crypto is an off-chain scaling solution, which enables quick and cheap payments. The primary goal of the RDN crypto is to develop a state-of-the-art research state channel technology pl.....
INA, CQE, ARF, SCP – ASX-listed real estate stocks to watch out for
June 15, 2022 07:21 PM AEST| By Sukriti NairHighlights The S&P/ASX200 closed lower today, dropping 1.27%. The real estate sector ‘A-REIT’ closed 2.82% lower on the ASX. But defying A-REIT sector blues, are Ingenia Group, Charter Hall REIT and Arena REIT. The ASX200 .....
Triggered by Fed’s probable rate hike, ASX 200 drops 1.27%
June 15, 2022 07:13 PM AEST| By Priyanka PayalThe last few days have been extremely difficult for investors as the panic over recession woes which was triggered by the US inflation data for May, made it apparent that the Federal Reserve will stand by its monetary tightening stand with further .....
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Why is UMA (UMA) crypto grabbing market attention?
June 15, 2022 07:07 PM AEST| By Manu ShankarAt a time when the majority of the crypto market is in a bearish phase, it is hard to imagine any crypto witnessing a handsome rally. On one hand, leading cryptos, such as Bitcoin and Ethereum tumbled to their 18-months lows, on the other hand, UMA.....
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