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Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 16

Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 16

Image Source: Pexels  Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is 0.9%. If the energy sector is excluded, the growth rate for the index is 14.4%. Of the 1,621 companies in the Russell 2000 that have reported earnings to date for 24Q1, 59.5% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -0.3%. If the energy sector is excluded, the growth rate for […]
April CPI: Worst Good News Ever

April CPI: Worst Good News Ever

Image Source: Pexels  The monthly rise in prices based on the Consumer Price Index (CPI) came in slightly lower than projected, sending a wave of euphoria across the financial landscape.The consensus is cooling inflation puts Federal Reserve interest rate cuts back on the table.The Dow Jones, S&P 500, and the NASDAQ all hit record highs after […]
USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI

USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI

The USD/CAD forecast leans bearish as the dollar hovers near recent lows following a disappointing inflation report. Meanwhile, after rallying alongside US equities in the previous session, the Canadian dollar has retreated slightly.On Wednesday, the Canadian dollar hit a 5-week high after the US released its consumer inflation report. The data revealed a lower-than-expected figure […]
US Dollar Correction: Not The Time For A Bigger Sell-Off Yet

US Dollar Correction: Not The Time For A Bigger Sell-Off Yet

Image Source: Pixabay  The US dollar has undergone a correction following the release of the recent US CPI report. This correction has seen the dollar index retreat towards the 104.00 level, reflecting a shift in sentiment among traders.Initially, the yen appeared to be the main beneficiary of lower US yields, with USD/JPY dipping to a low […]
GBP/USD Analysis: Caution Advised Near Overbought Levels

GBP/USD Analysis: Caution Advised Near Overbought Levels

Amidst a weakening US dollar, the GBP/USD currency pair surged to a resistance level of 1.2700 this morning, Thursday. This is the highest level for the pair in over a month. According to forex trading platforms, the pair’s gains were driven by a weaker US dollar after Federal Reserve Chairman Jerome Powell reassured that there […]
Sensex Today Rallies 676 Points; 3 Reasons Why Indian Share Market Is Rising

Sensex Today Rallies 676 Points; 3 Reasons Why Indian Share Market Is Rising

After opening the day on positive note, Indian share markets continued the momentum as the session progressed and ended on firm footing.Benchmark indices swung sharply in trades on Thursday as investors adjusted their positions during the weekly F&O expiry.At the closing bell, the BSE Sensex stood higher by 676 points (up 0.9%).Meanwhile, the NSE Nifty closed higher by 203 […]
Industrial Production Still Flat, Manufacturing Slides

Industrial Production Still Flat, Manufacturing Slides

Industrial production, one of the premier series the NBER has historically used to declare recessions vs. expansions, has faded in importance since China was admitted to regular trading status in 1999. As you can see in the first graph below, both total and manufacturing production peaked in 2007. Further, manufacturing has continued to fade, as […]
EUR/USD Could Be Heading To 1.10

EUR/USD Could Be Heading To 1.10

What now for the dollar? That’s the key question after Wednesday’s softer data releases caused the greenback to fall across the board, underscoring the view that the economic growth is losing momentum and that inflation is heading lower. The dollar selling took a pause overnight and the greenback was stable during the first half of […]
Gnosis opens public registration for Genome naming service

Gnosis opens public registration for Genome naming service

Gnosis, a blockchain infrastructure project advocating for radical inclusivity, has announced the launch of Genome, a digital ID service native to the Gnosis Chain. Public Registration is now live! 🚀 Missed the pre-registration? No worries – now ANYONE can register their .gno domains: https://t.co/afo44sro6d https://t.co/zxHpOnvmfZ — Genome (.gno domains) (@genomedomains) May 15, 2024 Developed in […]
HackaTRON Season 6 Submission Period Concludes with Notable Achievements

HackaTRON Season 6 Submission Period Concludes with Notable Achievements

Geneva, Switzerland, May 16, 2024 – TRON DAO proudly announces the completion of HackaTRON Season 6, a monumental season with a record 962 participants, co-hosted with HTX DAO, BitTorrent Chain, and JustLend DAO. This event not only showcased innovative blockchain projects but also highlighted the profound capabilities of the TRON network.Diverse Sponsorship and Expert Judgement […]