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Asia Morning Bites For Thursday, June 27

Asia Morning Bites For Thursday, June 27

Image Source: Unsplash Global Macro and Markets   Global Markets: After a couple of days of inaction, US Treasury yields headed higher on Wednesday. However, it is far from clear what the driver for this was. There was little macro data to speak of, no notable Fed comments (though there were some dovish comments from the ECB’s […]
Silver Price Analysis: XAG/USD Tumbles And Remains Bearish Below $29.00

Silver Price Analysis: XAG/USD Tumbles And Remains Bearish Below $29.00

Image Source: Pixabay Silver drops influenced by Fed’s Core PCE Price Index anticipation. Last week’s bearish engulfing pattern and RSI hint at more declines. Support levels: $28.28 (June 10 high), $28.00, $27.01 (May 8 low), $26.82 (100-DMA). Resistance points: $29.17 (50-DMA), $31.54 (June 7 high), $32.00, $32.51 (YTD high). Silver price fell on Wednesday as market […]
Coinbase opts out of ASI token merger migration

Coinbase opts out of ASI token merger migration

Key Takeaways Coinbase diverges from other exchanges by not facilitating the ASI token merger migration for users. The ASI merger aims to create the largest decentralized AI token, challenging Big Tech dominance. Key Insights Coinbase will continue trading support for Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens but won’t execute migrations on behalf of users […]
TRON founder Justin Sun wins landmark case in the People’s Court of China

TRON founder Justin Sun wins landmark case in the People’s Court of China

Key Insights Geneva Switzerland, June 26, 2024 – TRON DAO welcomes an unprecedented victory by its founder Justin Sun in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group (“the Media”). Per court order, the Media has removed all of its false contents and issued a formal […]
USD/CHF Extends Gains On Rising Treasury Yields

USD/CHF Extends Gains On Rising Treasury Yields

Image Source: Unsplash USD/CHF surges, hitting highs not seen since mid-June and testing the crucial 100-day SMA at 0.8975. The strength of USD remained persistent, largely due to elevated Treasury yields. Market still bets on a 60% probability of a Fed rate cut in September. The USD/CHF pair continued to benefit from rising US Treasury yields […]
Q2 Earnings Loom: A Look Ahead

Q2 Earnings Loom: A Look Ahead

Image Source: UnsplashHere are the key points: The setup for the Q2 earnings season, whose early reports have started trickling in, is one of continued resilience coupled with a steadily improving outlook. Given the favorable revisions trend ahead of this reporting cycle, we will be looking for further improvement in the earnings outlook. For 2024 Q2, […]
Crude Oil Roils On Wednesday After EIA Prints Another Weekly Buildup In US Crude Oil Stocks

Crude Oil Roils On Wednesday After EIA Prints Another Weekly Buildup In US Crude Oil Stocks

Image Source: Unsplash WTI eased to $80.00 per barrel on Wednesday, continues to churn in a rough range. EIA Crude Oil counts reported another week-on-week buildup of US barrel supplies. Energy markets continue to hope for a demand upswell to materialize in summer. West Texas Intermediate (WTI) US Crude Oil tumbled back to $80.00 per barrel […]
Micron, Levi’s Trade Down After Market On Earnings

Micron, Levi’s Trade Down After Market On Earnings

Image Source: UnsplashMarkets finished mostly in the green today. The Nasdaq and S&P 500 benefited from Amazon’s (AMZN – Free Report) record closing high (and first time with a more than $2 trillion market cap) and ended the session +0.49% and +0.16%, respectively. The Dow barely eked out a positive trading day, +0.04%, while the small-cap Russell 2000 brought up […]
Amazing First Quarter, 2024

Amazing First Quarter, 2024

Image Source: UnsplashThe first quarter of 2024 has been marked by dynamic market conditions, with US stocks enjoying a fifth month of gains and a record-setting rally that broadened beyond only the most significant tech stocks. This rally included more sectors, particularly value areas like energy and financials. March capped a fantastic first quarter, with the S&P […]
3 Unloved And Undervalued Dividend Stocks To Snap Up Now

3 Unloved And Undervalued Dividend Stocks To Snap Up Now

Image Source: Pixabay Investors should look at undervalued and unloved dividend stocks in this era of overvalued equities. Purchasing shares at a price-to-earnings ratio of 30X or more does not make sense. History has taught us that elevated valuations usually result in depressed returns.We highlight three companies that focus on shareholder returns. They are currently surrounded […]