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Three Takeaways From ECB Meeting

Three Takeaways From ECB Meeting

Photo by Dimitri Karastelev on Unsplash  Christine Lagarde has refrained from giving clear forward guidance. If the eurozone economy does what the European Central Bank forecasts it will do, there will be more rate cuts coming but the risk of delay or even reversal is realThey did it. As analyzed here, the European Central Bank cut interest rates by […]
Trucks And Towers Stock Market (And Sentiment Results)…

Trucks And Towers Stock Market (And Sentiment Results)…

 Image Source: Unsplash  During earnings season we try to cover 1-2 companies we have discussed in previous podcast|videocast(s).GXO LogisticsTo see our original note about GXO click here. Cyclicals are ready for their turn at the plate.  The Fed will be the catalyst:The most important section of this release is the 2027 targets – which imply the business will nearly […]
Chart Of The Day: Blue Bird Gets Kids To School

Chart Of The Day: Blue Bird Gets Kids To School

Image Source: Pixabay  The Chart of the Day belongs to the school bus manufacturer Blue Bird (BLBD). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
Ripple Has Partnered With 80% Of Japan’s Banking Industry

Ripple Has Partnered With 80% Of Japan’s Banking Industry

A research paper from three industry experts confirms that Ripple has formed partnerships with up to 80% of the Japanese banking industry, depicting the increasing importance of blockchain in TradFi. depositphotos Ripple (XRP-X) has established itself as a formidable player in facilitating faster and more efficient cross-border transactions. Over 60 Japanese banks have integrated Ripple’s technology despite […]
USD/JPY Analysis: Recent Sell-Off Halted

USD/JPY Analysis: Recent Sell-Off Halted

The recent sell-off in USD/JPY has been halted in the past few weeks, supported by strong intervention from the Bank of Japan (BoJ). The pair, which peaked at 160.26 in May, has fallen to around 155.56 as focus shifts to Fed and BoJ actions. However, according to reliable trading platforms, the yen is still at […]
Fleek teams up with Polygon Labs to boost on-chain cloud solutions

Fleek teams up with Polygon Labs to boost on-chain cloud solutions

Computing platform Fleek has joined hands with Polygon Labs to provide web services for Polygon CDK projects. According to today’s announcement, the strategic partnership aims to deliver a new class of highly performant, permissionless web services built atop Fleek’s on-chain cloud infrastructure. Additionally, Fleek unveiled its first public testnet. “We are thrilled to team up […]
ECB Cuts Rates For The First Time Since 2019, Does Not “Pre-Commit To A Particular Rate Path”

ECB Cuts Rates For The First Time Since 2019, Does Not “Pre-Commit To A Particular Rate Path”

And so, the second G7 central bank to launch an easing cycle in the past 24 hours (the BOC was the first) is in the history books.Moments ago the ECB confirmed that, as widely previewed and expected, it cut rates by 25bps as follows: ECB Cuts Deposit Facility Rate by 25bps to 3.75%; Est. 3.75% […]
The Energy Report: OPEC And Other Oils

The Energy Report: OPEC And Other Oils

Image Source: Unsplash  Oil prices are trying to bottom, again, as OPEC Plus tries to calm the markets surrounding its oil production cut tapering plans and after the Energy Information Administration (EIA) report that suggests that while gasoline demand and diesel demand fell, the demand for those mysterious “other oils” surged.Oh yes! The EIA has heads […]
US Initial Jobless Claims Rise By 8,000 To 222,000 In Latest Report

US Initial Jobless Claims Rise By 8,000 To 222,000 In Latest Report

The total number of insured unemployed individuals slightly increased by 2,000 to reach 1,792,000. The 4-week moving average of insured unemployment numbers also rose by 2,750, reaching 1,788,750. The 4-week moving average for insured unemployment numbers increased to 1,788,750. depositphotosIn the latest data released by the Department of Labor, seasonally adjusted initial jobless claims in the United […]
Elliott Wave Technical Analysis: Spotify Technology

Elliott Wave Technical Analysis: Spotify Technology

Image Source: Unsplash  SPOT Elliott Wave Analysis Trading Lounge Daily Chart,Spotify Technology S.A. (SPOT) Daily ChartSPOT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 5.DIRECTION: Upside in Minor 5  DETAILS: Looking for upside into Minor wave 5, 0.618 5 vs. 1 stands at 500$. It’s also possible we have had wave {iv} instead of 4.SPOT Elliott Wave Analysis Trading […]