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US tops global interest in meme coins: CoinGecko report

US tops global interest in meme coins: CoinGecko report

The US has emerged as the leading nation in interest for smaller market capitalization crypto, commonly referred to as ‘shitcoins’ or meme coins, with a 16.8% share of global activity, according to a report by data aggregator CoinGecko. Those investors are known by the crypto community as ‘degens.’The UK and the Philippines are not far […]
Will Housing Inflation Keep Interest Rates Higher For Longer?

Will Housing Inflation Keep Interest Rates Higher For Longer?

Housing is among the most interest-rate sensitive sectors of the economy. It’s also one of the most cyclical and crucial inputs for the business cycle. On that basis, one could reasonably expect that the sharp runup in interest rates over the past two years would have crushed the trend in housing prices. For a while […]
Even Ipads Are AI-Ready

Even Ipads Are AI-Ready

 Apple (AAPL) was so excited to release its M4 chip that they put it in the iPad first. According to Apple, “the M4 has a blazing-fast Neural Engine — an IP block in the chip dedicated to the acceleration of AI workloads. It’s Apple’s most powerful Neural Engine ever, capable of an astounding 38 trillion […]
Marginally Higher High

Marginally Higher High

S&P 500 driven by cyclicals made a decent upswing till Kashkari raised not just higher for longer, but rate hike prospects too. Understandably, such a statement at odds with what Powell said a week ago, was good enough to trigger an intraday reversal and subtle market breadth deterioration that sets the tone for today‘s session.Yet […]
Tether expands Eastern European operations with CityPay.io investment

Tether expands Eastern European operations with CityPay.io investment

Tether today announced an additional investment in CityPay.io to strengthen its Eastern European presence. The funding will enhance the payment processor’s reach in over 600 Georgian locations, according to the announcement. “Our previous collaboration with CityPay.io yielded exciting results in expanding convenient cryptocurrency use across Georgia. With this second investment, we aim to build on […]
Oil Prices Are Rising Amid Rumors Of Increased Production By OEPC Countries

Oil Prices Are Rising Amid Rumors Of Increased Production By OEPC Countries

Image Source: Pixabay  The US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%. The NASDAQ Technology Index (US100) closed negative 0.10% yesterday. Minneapolis Fed President Kashkari’s comments on Tuesday were hawkish when he said that given the latest inflation data, he doubts that Fed policy is restrictive enough […]
Oil Prices Are Rising Amid Rumors Of Increased Production By OEPC Countries. European Indices Are Growing Amid The “Dovish” Position Of The ECB

Oil Prices Are Rising Amid Rumors Of Increased Production By OEPC Countries. European Indices Are Growing Amid The “Dovish” Position Of The ECB

The US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%. The NASDAQ Technology Index (US100) closed negative 0.10% yesterday. Minneapolis Fed President Kashkari’s comments on Tuesday were hawkish when he said that given the latest inflation data, he doubts that Fed policy is restrictive enough to bring price […]
Crude Oil Commentary – Wednesday, May 8

Crude Oil Commentary – Wednesday, May 8

Middle East UncertaintyOil prices are continuing to trade lower through the middle of the week, despite ongoing uncertainty over Israeli military operations in Rafah. Reports that ceasefire talks have resumed are keeping optimism alive for now. However, if talks fail again and operations in Rafah intensify, this will no doubt create bullish risk for oil […]
Is A Reversal Coming To S&P 500?

Is A Reversal Coming To S&P 500?

Watch the free-preview video belowextracted from the WLGC session before the market open on 7 May 2024 to find out the following: How to identify potential market reversals and judge the “bearishness” The pivot level day trader could adopt to trigger an entry The short-term, medium-term and long-term direction for S&P 500 Analyze the market momentum using […]
EUR/USD Forex Signal: Range Bound As Focus Remains On Fedspeak

EUR/USD Forex Signal: Range Bound As Focus Remains On Fedspeak

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0700. Add a stop-loss at 1.0810. Timeline: 1-2 days.  Bullish view Buy the EUR/USD pair and set a take-profit at 1.0810. Add a stop-loss at 1.0700. The EUR/USD consolidation continued on Wednesday morning in a low-volume environment. It remained at the psychologically-important support level at 1.0750, a few […]