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Late Day Buying Might Not Be Enough To Disguise Bearishness

Late Day Buying Might Not Be Enough To Disguise Bearishness

Image Source: UnsplashAction in the Nasdaq was the most telling. The last couple of days have seen the index struggle to recover its 50-day MA, closing yesterday with the bearish ‘black’ candlestick common in reversals. Buyers did their best to defend the 17,033 swing low, but I’m not sure it will be enough. There is a […]
EUR/USD Consolidates Its Losses Near 1.0800 Ahead Of Eurozone CPI, Fed Rate Decision

EUR/USD Consolidates Its Losses Near 1.0800 Ahead Of Eurozone CPI, Fed Rate Decision

Image Source: Pixabay EUR/USD holds steady around 1.0815 in Wednesday’s early Asian session.  Germany unexpectedly shank by 0.1% in the second quarter. The Fed is likely to hold rates steady at its July meeting on Wednesday.  The EUR/USD pair consolidates its losses around 1.0815 during the early Asian session on Wednesday. The major pair edges lower amid risk-aversion […]
USD/JPY Tumbles As BoJ Rate Hike Rumors, Overshadows Strong US Data

USD/JPY Tumbles As BoJ Rate Hike Rumors, Overshadows Strong US Data

Image Source: Pixabay USD/JPY ends Tuesday down, trading at 152.84, amid BoJ rate hike rumors. Strong US JOLTS data and higher-than-expected Consumer Confidence failed to boost USD/JPY. BoJ reportedly considering a rate hike to 0.25% and reducing JGB purchases, adding market uncertainty. The USD/JPY finished Tuesday’s session with losses amid rumors that the Bank of Japan […]
Tech Is Weighing Down The Markets In A Flight To Safety

Tech Is Weighing Down The Markets In A Flight To Safety

Image Source: Pexels It’s tough to call them the Magnificent Seven anymore, at least with a straight face, but these stocks – once the leaders among leaders – are all down today. It’s one of the starkest reminders yet that tech is becoming a hurdle for the indexes to clear, rather than a springboard for launch.The […]
Cardano’s Hoskinson: DeFi ecosystem just moving water in bathtub

Cardano’s Hoskinson: DeFi ecosystem just moving water in bathtub

Key Takeaways Cardano prioritizes long-term value and reliability over rapid user acquisition in DeFi. Hoskinson believes future blockchain adoption will be driven by governments and large corporations. The decentralized finance (DeFi) ecosystem is an ever-evolving landscape, with the introduction of application-specific blockchains (appchains), layer-2 (L2) blockchains, novel virtual machines, and so on. In this scenario, […]
StakeKit launches TRON Stake 2.0 on Ledger Live

StakeKit launches TRON Stake 2.0 on Ledger Live

New York City, New York – July 30, 2024 – StakeKit, having just emerged from stealth after 18 months of development, has partnered with Ledger Live to power its TRON staking integration. This integration provides users with the simplest of access points to manage their TRON staking allocations  natively within Ledger Live. Ledger Live users […]
Roku Gears Up To Report Q2 Earnings: Here’s What To Expect

Roku Gears Up To Report Q2 Earnings: Here’s What To Expect

Image Source: Unsplash Roku (ROKU – Free Report) is set to report results for the second quarter of 2024 on August 1.For second-quarter 2024, Roku expects total net revenues of $935 million, total gross profit of roughly $410 million and adjusted EBITDA of $30 million.The consensus mark for revenues is pegged at $935.29 million, indicating 10.4% growth from the year-ago quarter’s reported […]
Elon Musk Warns “Government Spending Is Driving America Bankrupt …”

Elon Musk Warns “Government Spending Is Driving America Bankrupt …”

Image Source: Unsplash For decades the US national debt has soared while few in power in Washington seemed to notice or care.But now you can add one of the wealthiest, and most influential businessmen Elon Musk to the list of investors who increasingly concerned about the debt, and speaking out about it.So far on this year’s […]
MMT: Feeding The Economically Inferior Machine

MMT: Feeding The Economically Inferior Machine

Image Source: Pexels Imagine you are the foreman of a factory. Inside the factory are two machines. Both machines consume materials, energy, and labor and produce the same product, perhaps cars, or toasters, or pencils. However, one of the machines, given the same inputs, produces far fewer of that product. Assume that inputs for maintenance to keep […]
Crypto tax reporting guide 2024: IRS rules

Crypto tax reporting guide 2024: IRS rules

Key Takeaways All crypto transactions must be reported on 2024 tax returns as per IRS. Use Form 8949 and Schedule 1 or C for reporting crypto gains and income. Here’s what you need to know about reporting crypto on your 2024 taxes: The IRS treats crypto as property, not currency You must report all crypto […]