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Tether announces $18.75M investment in XREX Group to boost crypto adoption and financial inclusion

Tether announces $18.75M investment in XREX Group to boost crypto adoption and financial inclusion

Tether, the digital asset industry’s leading company, has made a strategic $18.75M investment in XREX Group, a blockchain-enabled financial institution, according to the company’s press release published today. The latest funding is part of Tether’s ongoing efforts to promote crypto adoption and financial inclusion globally.The investment is set to revolutionize USDT-based cross-border payments in emerging […]
Bitcoin Commentary – Wednesday, June 5

Bitcoin Commentary – Wednesday, June 5

Image Source: Pexels  BTC Rallying as USD DropsBitcoin prices are pushing higher this week with digital assets seemingly taking advantage of a dovish shift in Fed expectations. Weaker PCE data on Friday and softer manufacturing data on Monday have seen traders increasing their rate-cut expectations for September, weighing on USD. Against this backdrop we’ve seen a […]
Wednesday Investment Wisdom: Value Investing Explained

Wednesday Investment Wisdom: Value Investing Explained

Value investing is an investment strategy where the investor is buying securities which he thinks are worth more than their current price. This means the current price on the exchange is lower than the intrinsic or book value of the respective security. depositphotos These evaluations are called fundamental analysis and are mostly derived from the current balance […]
The Right Kind Of Trend

The Right Kind Of Trend

Image source: Pixabay  There has been a very clear trend of the market feeling good about softer US economic data, as it will keep the Fed leaning towards a more investor friendly monetary policy path. This trend has been behind a lot of the risk on flow we’ve been seeing in financial markets.Video Length: 00:01:41More By […]
Biden Takes Mexico Border Action He Said Needed Congressional Approval

Biden Takes Mexico Border Action He Said Needed Congressional Approval

Well, lookie here. Biden is caught in another lie. This time on the border. Under pressure from Democrats, Biden takes executive action on the border.  Biden’s Border Election GambitAfter stating he could not shut the border without Congressional approval, President Biden issues an executive order limiting the number of illegal immigrants who can enter the country.The […]
Sensex Today Trades Higher; HUL & Nestle Top Gainers

Sensex Today Trades Higher; HUL & Nestle Top Gainers

Asian stocks rose on Wednesday, while the dollar was steady as a softening US labor market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.24 percent, while the Nikkei fell 1 percent as […]
The Commodities Feed: Oil Sell-Off Overdone

The Commodities Feed: Oil Sell-Off Overdone

Oil prices continue to come under pressure, despite the oil balance being set to tighten in the upcoming quarter. European gas prices gave back gains from earlier in the week with more clarity on when Norwegian supplies will return to normal. depositphotos Energy – Oil sell-off overdoneSentiment in the oil market continues to weaken. ICE Brent came under […]
EUR/USD Forex Signal: Brace For Volatility Ahead Of ECB Decision

EUR/USD Forex Signal: Brace For Volatility Ahead Of ECB Decision

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0850. Add a stop-loss at 1.0900. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0890 and a take-profit at 1.0915. Add a stop-loss at 1.0850. The EUR/USD pair was little changed on Wednesday morning as attention remained on the upcoming European Central Bank […]
Elliott Wave Technical Analysis: Nifty 50 – Wednesday, June 5

Elliott Wave Technical Analysis: Nifty 50 – Wednesday, June 5

Image Source: Unsplash  NIFTY 50(INDIA) Elliott Wave Analysis Trading Lounge Day Chart,NIFTY 50(INDIA) Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE:navy blue wave 5POSITION: gray wave 3DIRECTION NEXT LOWER  DEGREES: gray wave 4DETAILS: navy blue  wave 4 looking completed.Now Navy blue wave 5 of 3 is in play.Wave Cancel invalid level: 20301.0The NIFTY 50 (India) Elliott Wave Analysis on […]
Market Briefing For Wednesday June 5

Market Briefing For Wednesday June 5

Holding patterns prevail – as desired on Tuesday, with moderate recoveries from early S&P declines. It’s really pretty good with respect to digest the wild upside thrust late last Friday. So we have an ongoing intraweek rally of sorts. depositphotos The economic data continues learning in the difficult condition I’ve described, a variation on ‘stagflation’ and a variation […]