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Ethereum funds face $23 million in outflows amid ETF uncertainty

Ethereum funds face $23 million in outflows amid ETF uncertainty

Ethereum (ETH) crypto funds suffered over $23 million in weekly outflows, despite digital asset products witnessing $932 million in inflows for the same period, according to asset management firm CoinShares. The outflows are tied to a growing skepticism over the likelihood of the SEC approving a spot ETH exchange-traded fund (ETF) in the US.Bitcoin remained […]
Gold Hits New Record High

Gold Hits New Record High

Image Source: Pixabay  On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven assets.Recent statistics indicating a slowdown in consumer inflation in […]
Summer Driving Season Is Late This Year- Signal Or Noise?

Summer Driving Season Is Late This Year- Signal Or Noise?

Summer driving season, lasting from Memorial Day to Labor Day is fast approaching. Typically, during driving season, U.S. motor gasoline consumption is 400,000 barrels/day above the average for spring and fall. As shown below, gasoline consumption has run at its lowest since 2012.Typically, above-average consumption rates start ramping up in April. Yet, this year, they […]
Bitcoin Commentary – Monday, May 20

Bitcoin Commentary – Monday, May 20

Image Source: Pexels  BTC Remains BidBitcoin prices are starting the week in the green with BTC futures lightly bid through early European trading on Monday.  The market broke out to fresh highs for the month last week as traders reacted to softer US inflation. However, the market has yet to see proper follow through on the […]
GBP/USD Forecast: Rallies Toward Resistance

GBP/USD Forecast: Rallies Toward Resistance

The area is also around the 61.8% Fibonacci retracement level, so it all ties together for a potential resistance barrier. However, you cannot argue with the idea that it is very bullish, and I do think that it’s more likely than not. We at least make an attempt to get to the 1.28 level. The 1.28 level, […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Newmont Corporation

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Newmont Corporation

ASX: NEWMONT CORPORATION – NEM  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NEWMONT CORPORATION – NEM. We have determined that NEM is likely to continue to rise even higher with wave (v)-purple.ASX: NEWMONT CORPORATION – NEM  Elliott Wave Technical Analysis  ASX: NEWMONT CORPORATION – NEM  1D […]
BoE’s Broadbent: Possible Bank Rate Cut Could Come This Summer 
                    
 

BoE’s Broadbent: Possible Bank Rate Cut Could Come This Summer  

Bank of England (BoE) Deputy Governor Ben Broadbent said on Monday that it was possible that the BoE could cut the policy rate this summer, per Reuters.  depositphotos “If things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut […]
This Week: Nvidia To Report It’s Earnings For Q1 2024

This Week: Nvidia To Report It’s Earnings For Q1 2024

Image Source: Unsplash  The AI-mania’s poster child is due to release its earnings after US markets close on Wednesday, May 22nd.This stock is forecasted to then move 8.5% up or down when US markets reopen Thursday, depending on whether Nvidia’s results for the three months ending April 30th excite or disappoint. Given its sheer size, with a market […]
The Outlook For Earnings, Stock Market, And The Business Cycle

The Outlook For Earnings, Stock Market, And The Business Cycle

Image Source: Unsplash  A look at how earnings and stock prices are connected to each other. These simple relationships will help you to develop successful investment strategies.Video Length: 00:12:12More By This Author:Profiting In Bull Or Bear Markets Investment Process What Is The Message Of The Market?
Copper Roars, Gold Soars To Record Highs As Metals Hit “History-Making Mode”

Copper Roars, Gold Soars To Record Highs As Metals Hit “History-Making Mode”

While oil remains oddly muted amid yet another middle-eastern shock, the same can not be said for various precious metals and commodities which are soaring to start the week, and which according to Bloomberg’s Jake Lloyd-Smith, will make for a lively session in Europe and the US, with flow-through gains on the cards for mining-industry […]