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Ledn’s institutional loans reach $584 million in Q1

Ledn’s institutional loans reach $584 million in Q1

Crypto lender Ledn has reported over $690 million in loans in the first quarter of 2024. Institutional borrowers accounted for $584 million, while retail loans comprised $100 million, with $40 million tied to refinancing following the Celsius network collapse.The surge in Ledn’s loan processing coincides with the approval of Bitcoin (BTC) ETFs in the US […]
Our Latest Views On The Major Central Banks

Our Latest Views On The Major Central Banks

Despite recent setbacks, we continue to expect three rate cuts from the US this year, starting in September.  A European Central Bank rate cut in June looks like a done deal. Pexels How our central bank views compare to market pricing Macrobond, ING calculations  Federal ReserveAt the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank’s monetary policy stance was […]
Elliott Wave Technical Analysis: UnitedHealth Group Inc. – Thursday, May 9

Elliott Wave Technical Analysis: UnitedHealth Group Inc. – Thursday, May 9

Image Source: Unsplash  UNH Elliott Wave Analysis Trading Lounge Daily Chart,United Health Group Inc., (UNH) Daily ChartUNH Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {iii}.DIRECTION: Upside in Minute {ii}.  DETAILS: As we seem to have found support on TL5 at 500$, we are looking for upside resumption, which could take us to TL8 in the long term. UNH […]
US Labor Market Cycle Has Peaked; Will Recession Soon Follow?

US Labor Market Cycle Has Peaked; Will Recession Soon Follow?

There are many ways to monitor recession risk, but any one indicator in isolation is flawed. Context in the form of reviewing a wide variety of metrics is essential for minimizing noise. But in the search of early warning signs of trouble, it’s useful to focus on the labor market, which is arguably the key […]
Forex Today: Markets Await Bank Of England

Forex Today: Markets Await Bank Of England

Unsplash  The Bank of England is widely expected to leave its interest rate on hold at 5.25%, with the real topic of interest being the language within its monetary policy statement. The Japanese Yen is continuing to sell off this week after the big gains it made last week following two suspected interventions in its […]
Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact

Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact

The BTCUSD cryptocurrency pair has extended its pullback from the 73,830 high, falling as low as 56,434 in recent trading sessions. Further near-term losses toward the 52,000 area appear possible as the correction unfolds. Consolidation Within Uptrend Despite the recent selling pressure, the decline from the 73,830 high is likely a consolidation phase within the […]
Rates: ECB To Lead The Fed – What Then?

Rates: ECB To Lead The Fed – What Then?

It’s May. In June, the European Central Bank is set to cut by 25bp. In September, we think the Fed will cut. The period in between and up till June should see wider Treasury/Bund spreads and a relative steepening in the eurozone curve. Pixabay The European Central Bank beating the Federal Reserve to the first cut is remarkable […]
More Short-Term Uncertainty As S&P 500 Still Pausing

More Short-Term Uncertainty As S&P 500 Still Pausing

Stock prices extend consolidation. Is this just a pause within an uptrend?Stock prices didn’t do much yesterday as the S&P 500 index closed flat vs. its Tuesday’s closing price. However, the market managed to retrace losses after a lower open, resulting in a relatively positive outcome for the day.On Friday, April 19, the index hit […]
ABNB Is Just The Latest Important Stock To Get Hit On Earnings This Week

ABNB Is Just The Latest Important Stock To Get Hit On Earnings This Week

Airbnb (ABNB) reported 1Q24 earnings Wednesday afternoon and is currently set to get hit hard in Thursday’s session. Weak 2Q24 guidance of revenue +8% to +10% and Adjusted EBITDA of flat to up appears to be the culprit. But ABNB is just the latest to get hit in response to earnings this week. First, it was Palantir […]
Binance fires investigator for exposing market manipulation with DWF Labs — WSJ

Binance fires investigator for exposing market manipulation with DWF Labs — WSJ

Binance has reportedly fired a member of its market-surveillance team who uncovered evidence of market manipulation by DWF Labs, one of the exchange’s high-profile clients.According to a Wall Street Journal report, the dismissed employee and his colleagues had identified instances of pump-and-dump schemes and wash trading by “VIP” clients, including DWF Labs.The market-surveillance team, which […]