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Turkish Lira Becomes Third-largest Fiat Currency For Crypto Trading

Turkish Lira Becomes Third-largest Fiat Currency For Crypto Trading

Photo by Omid Armin on Unsplash The Turkish Lira (TRY) has emerged as the third-largest fiat currency used for cryptocurrency trading, according to a report from Kaiko Research.The Lira now holds 19% of the market share, surpassing the euro (EUR), and reaching an all-time high in early June.This shift reflects broader economic trends and the increasing adoption of cryptocurrencies in regions […]
FTSE Falters As Fed Rate Cut Expectations Fade

FTSE Falters As Fed Rate Cut Expectations Fade

Image Source: Pexels On Thursday, UK stocks registered a decline as the U.S. Federal Reserve indicated a reduction in the number of expected rate cuts for the year. However, a series of corporate updates helped limit the overall losses. The FTSE 100, which had its best day in over a month in the previous session, was […]
Inflation Is Dead, Or Is It?

Inflation Is Dead, Or Is It?

Image Source: Pixabay Strike up the band and wave the victory banners! Inflation is dead!Or is it?The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it for good, it pokes back through a crack. Keep in mind that […]
Powell And Metals – Manic Metals Report

Powell And Metals – Manic Metals Report

Image Source: Unsplash Fed Chair Jerome Powell single-handedly smashed global metal markets after the Fed showed concerns about sticky inflation yet after a soft CPI and the PPI that most metals traders thought could be soft because of the drop in platinum aluminum copper could we be near the bottom?The CPI saw an unchanged reading in […]
Broadcom Stock Surges On Strong AI Chip Demand And Stock Split Announcement

Broadcom Stock Surges On Strong AI Chip Demand And Stock Split Announcement

Image courtesy of 123rf.com Broadcom Inc. (Nasdaq: AVGO) stock price soared to new heights, reaching $1,707.48 as of 10:10 AM EDT today, marking an impressive increase of $209.43 (+14.00%) from the previous close. The semiconductor firm upped its revenue forecast from AI chips for 2024 and its overall full-year revenue to $51 billion.The stock’s day range spans […]
Elliott Wave Technical Analysis – Corn Commodity

Elliott Wave Technical Analysis – Corn Commodity

Image Source: Unsplash  Corn Elliott Wave Analysis Function – Trend Mode – Counter-Trend Structure – Impulse wave Position – Wave 3 of (3) Direction – Wave 3 of (3) is still in progress Details – Wave 3 appears to be on a decent momentum upside but more is needed to increase the likelihood above wave 1 high. […]
Ethereum ETF S1 approval likely by this summer, SEC’s Gensler suggests

Ethereum ETF S1 approval likely by this summer, SEC’s Gensler suggests

SEC Chairman Gary Gensler has indicated that the approval of the S1 for an Ethereum ETF could be expected in the coming summer. GENSLER SEES ETH ETF S1 APPROVAL SOMETIME IN SUMMER Source: DB | Coins: ETH — db (@tier10k) June 13, 2024 The SEC has approved 19b-4 forms for multiple Ethereum ETF issuers, including […]
Russell 2000 Earnings Dashboard 24Q1 – Thursday, June 13

Russell 2000 Earnings Dashboard 24Q1 – Thursday, June 13

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 12.3%. Of the 1,754 companies in the Russell 2000 that have reported earnings to date for 24Q1, 59.7% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -0.3%. If the energy sector is excluded, the growth rate […]
Analytical Overview Of The Main Currency Pairs – Thursday, June 13

Analytical Overview Of The Main Currency Pairs – Thursday, June 13

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0735 Prev Close: 1.0809 % chg. over the last day: +0.69 % The euro soared above $1.08, benefiting from the dollar’s general weakness after US inflation data came below prognoses. May US CPI unexpectedly declined to 3.3% y/y from 3.4% y/y in April versus expectations of no […]
Sensex Today Ends 204 Points Higher; Nifty Above 23,300

Sensex Today Ends 204 Points Higher; Nifty Above 23,300

After opening the day higher, Indian share continued the momentum as the session progressed and ended on a positive noteBenchmark indices were listless in trade on Thursday, after hitting record highs earlier in the session.At the closing bell, the BSE Sensex stood higher by 204 points (up 0.3%).Meanwhile, the NSE Nifty closed higher by 77 points (up 0.3%).M&M, Titan, […]