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Investors withdraw $1.2 billion from crypto funds as Fed rate cut hopes diminish

Investors withdraw $1.2 billion from crypto funds as Fed rate cut hopes diminish

Crypto products experienced their second week of outflows, with a total of $584 million leaving the market last week and a total of $1.2 billion. According to asset management firm CoinShares, this is a likely reaction to the “pessimism amongst investors for the prospect interest rate cuts by the FED this year.” Bitcoin (BTC) was […]
S&P 500 Investors Looking For Direction

S&P 500 Investors Looking For Direction

The Juneteenth-holiday shortened trading week marked the effective end of the second quarter of 2024 for forward-looking S&P 500 investors. depositphotos Although the calendar quarter itself has another week to run, the expiration of 2024-Q2’s dividend futures contracts on Friday, 21 June 2024 is what closed the books on the quarter.After setting two consecutive new record highs […]
EUR/GBP Bulls Need Patience

EUR/GBP Bulls Need Patience

We believe the Bank of England (BoE) took a step in the direction of an August rate cut last week, even though core policy communication did not change meaningfully, FX Strategist at ING Francesco Pesole notes. GBP looks more likely to display weakness“Markets remain undecided on an August move (14bp priced in) and in our view, are […]
South Korean researcher sees risks with spot crypto ETFs

South Korean researcher sees risks with spot crypto ETFs

A recent report from the Korea Institute of Finance cautions against introducing spot cryptocurrency exchange-traded funds (ETFs) in South Korea, arguing the risks outweigh potential benefits at this time.Bo-mi Lee, a researcher at the institute, analyzed the recent approvals of spot Bitcoin and Ethereum ETFs in countries like the United States, Hong Kong, and the […]
Shiba Inu Outlook: What 417 Trillion Coins Hitting Break-even Mean For SHIB Price

Shiba Inu Outlook: What 417 Trillion Coins Hitting Break-even Mean For SHIB Price

The cryptocurrency market displayed bearish activities over the past seven days as Bitcoin lost over 5.35% to its press time levels of around $62.59K.Such sentiments saw Shiba Inu (SHIB) returning to the price value of $0.000018, hitting levels never explored since February.SHIB plummeted further to the $0.00001696 low, weakening the upward impetus further.The downward trend […]
The Internal Contradictions Of Nationalism

The Internal Contradictions Of Nationalism

depositphotos Here are two different versions of American nationalism: Version 1: High tech is evil, part of the woke conspiracy to radicalize America. We need to go back to muscular old industries like coal and steel and autos, which employ lots of blue color workers. We need to revive the Rust Belt. EVs are a fad. […]
The German Recovery Is Still Stuttering

The German Recovery Is Still Stuttering

A weaker Ifo index shows the economy’s struggle to gain positive momentum. The latest batch of German confidence indicators still points to a very anemic recovery of the German economy after the cyclical bottoming out at the start of the year.  depositphotos Germany’s most prominent leading indicator, the Ifo index, dropped to 88.6 in June, from 89.3 […]
Commodity Markets Are Under Pressure From The Us Dollar Growth. New Geopolitical Risks In The Middle East Are On The Agenda

Commodity Markets Are Under Pressure From The Us Dollar Growth. New Geopolitical Risks In The Middle East Are On The Agenda

At the end of Friday, the Dow Jones (US30) Index added 0.04% (+1.61% for the week), while the S&P 500 (US500) Index fell 0.16% (+0.75% for the week). The NASDAQ Technology Index (US100) closed negative 0.18% (for the week +0.39%). Weakness in chip company stocks pressured the broader market on Friday, even as S&P US PMI reports showed that the US economy continues to grow. […]
Who Needs The Fed?

Who Needs The Fed?

Perhaps nothing in financial news receives more attention than an announcement from the Federal Reserve. About eight times per year, the Federal Reserve’s Federal Open Market Committee meets to formally decide and announce its plans for monetary policy. Every announcement has the potential to cause a rally, or a rout, in financial markets. It makes sense […]
The Sober Spending Of Drunken Sailors

The Sober Spending Of Drunken Sailors

Any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. True of Habsburg Spain, true of ancien régime France, true of the Ottoman Empire, true of the British Empire, this law is about to be put to the test by the U.S. […]