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USD/CAD Edges Lower With The Focus On Events South Of The Border

USD/CAD Edges Lower With The Focus On Events South Of The Border

USD/CAD edges higher on Tuesday, to trade in the 1.3640s, as it continues its broadly range-bound consolidative market mode of the last three-month period. Most of the emphasis is on the US Dollar side of the pair as traders await Federal Reserve (Fed) Chairman Jerome Powell’s testimony to the Senate Banking Committee, whilst Canada sees no scheduled […]
Spot Ethereum ETFs Trading Expectations Trigger Market-Wide Rally, But These Altcoins Are The Real Winners

Spot Ethereum ETFs Trading Expectations Trigger Market-Wide Rally, But These Altcoins Are The Real Winners

While the debut of Spot Ethereum ETFs made headlines, a closer look reveals that the real winners are a select number of altcoins, including ETFSwap (ETFS), Binance Coin (BNB), and Cardano (ADA). These altcoins have emerged as potential beneficiaries of the Spot Ethereum ETF hype and are constantly attracting a new generation of investors to their […]
June Jobs Report Sparks Market Shifts Amid Rising Unemployment

June Jobs Report Sparks Market Shifts Amid Rising Unemployment

The US economy added 206,000 jobs in June, surpassing the 200,000 forecast but less than May’s revised gain of 218,000. The unemployment rate unexpectedly rose to 4.1%, the highest since October 2021. Job gains were driven by government jobs, health care, social assistance and construction, but declines occurred in professional and business services and retail. […]
Solana And Cardano: Solana Could Rise Above $145.00 Level

Solana And Cardano: Solana Could Rise Above $145.00 Level

Solana chart analysisThe price of Solana fell to the $121.00 level on Friday. After the new support on Saturday, we saw a recovery to the $144.31 level. Sunday brought us another pullback to the $127.75 level by Monday morning. There we formed a new low and managed to stabilize. The price initiates a bullish consolidation from there […]
S&P Momentum Indices Leading The Pack

S&P Momentum Indices Leading The Pack

Momentum strategies, which tend to thrive in trending markets, have recently delivered strong performance due to continued economic strength and positive market sentiment. In the past 12 months, the S&P 500® Momentum Index posted notable outperformance compared with some other S&P 500 factors, as well as the S&P 500 itself (see Exhibit 1). In this blog, we will review the […]
Is The US Economy Flirting With Recession?

Is The US Economy Flirting With Recession?

Judging by the analysis in some circles, a recession is a forgone conclusion. More cautious types argue that the expansion continues, but just barely, and that a formal recession will likely start at some point in the next several months. As usual, it’s impossible to fully discount any given forecast. But a review of a […]
USDC weekly volume soars 155% in 2024 following MiCA implementation

USDC weekly volume soars 155% in 2024 following MiCA implementation

Key Takeaways USDC’s weekly trading volume surged to $23 billion in 2024, up from $5 billion in 2022. USDC’s market share on CEXs rose from 60% to over 90% after Binance re-listing in March 2023. The new requirements on stablecoin issuers applied by the European Markets in Crypto-assets Regulation (MiCA) are boosting the demand for […]
Asian Stock: Toho Holdings

Asian Stock: Toho Holdings

Company: Toho Holdings Company LimitedBloomberg ticker: 8129 JPMarket cap: US$81,846mBackground: Toho Holdings Company Limited operates a pharmaceutical wholesaling business. The Company wholesales pharmaceuticals, reagents, medical equipment, and drugs. Toho Holdings conducts business in Japan.  World Class Benchmarking of Toho Holdings Profitable Growth rank of 8 was same compared to the prior period’s 8th rank This is below average performance […]
AUD/USD Consolidates Near 0.6750 Ahead Of Fed Powell’s Testimony

AUD/USD Consolidates Near 0.6750 Ahead Of Fed Powell’s Testimony

The AUD/USD pair turns sideways in Tuesday’s European session after printing a fresh six-month high at 0.6760 on Monday. The Aussie asset consolidates as investors shift to the sidelines ahead of the Federal Reserve (Fed) Chair Jerome Powell’s semi-annual Congressional testimony, which is scheduled at 14:00 GMT.Investors expect that Fed Powell will argue in favor of keeping interest rates […]
Ripple News: Despite Mt. Gox Scare, XRP Sees Strong Institutional Interest

Ripple News: Despite Mt. Gox Scare, XRP Sees Strong Institutional Interest

The defunct crypto exchange Mt. Gox begins the long-awaited repayment process as Japanese trustee Nobuaki Kobayashi seeks to facilitate the adequate distribution of 142,000 Bitcoin, currently worth around $9 billion.As we earlier reported, fears are already creeping into the crypto market as investors exit their positions to avoid any liquidation. Contrary to that expectation, XRP holds […]