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Spot Ethereum ETFs debut on US markets as trading commences

Spot Ethereum ETFs debut on US markets as trading commences

Key Takeaways First-ever spot Ethereum ETFs begin trading in the US today. Ethereum ETFs expected to attract up to $1 billion in initial monthly inflows. Today marks a watershed moment in the US financial markets as the first-ever spot Ethereum ETFs commence trading.Approved by the US SEC, these funds allow investors to directly engage with […]
Short Covering Squeezes The Yen Higher

Short Covering Squeezes The Yen Higher

Image Source: Pexels  Overview: The US dollar is firmer against all the G10 currencies but the Japanese yen. Local reports and the price action are consistent with short covering of the previously sold yen positions ostensibly ahead of next week’s BOJ and FOMC meetings. Still, the greenback is holding above last week’s low, slightly below JPY155.40. The […]
Unlocking ASX Trading Success: Cochlear Limited

Unlocking ASX Trading Success: Cochlear Limited

COCHLEAR LIMITED – COH Elliott Wave Technical Analysis (1D Chart)Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED – COH.We observe that COH has concluded wave ((4)) – navy as a Triangle, and wave ((5)) – navy is poised to advance.ASX: COCHLEAR LIMITED – COH Elliott Wave Technical Analysis1D Chart (Semilog Scale) Analysis […]
BlackRock’s spot Ethereum ETF begins pre-market trading amid muted demand predictions

BlackRock’s spot Ethereum ETF begins pre-market trading amid muted demand predictions

Key Takeaways BlackRock’s Ethereum ETF started pre-market trading early on July 23, 2024, after SEC approval. Analysts estimate up to $5.4 billion inflows into the ETFs within six months. BlackRock’s Spot Ethereum ETF has commenced pre-market trading early Tuesday, following the SEC’s approval for multiple spot Ethereum ETFs.This development allows mainstream investors to directly invest […]
S&P 500 Dividend Futures Rebound

S&P 500 Dividend Futures Rebound

One month ago, Political Calculations’ monthly snapshot of the future for the S&P 500’s quarterly dividend payouts dimmed for the first time in months.This time around, we have better news. The outlook for the remaining quarters of dividends for the S&P 500 (Index: SPX) improved over the past month.You can see how that outlook changed from one month […]
The Bull Market – Could It Just Be Getting Started?

The Bull Market – Could It Just Be Getting Started?

Image Source: Pexels  We noted last Friday that over the previous few years, a handful of “Mega-Capitalization” (mega-market capitalization) stocks have dominated market returns and driven the bull market. In that article, we questioned whether the dominance of just a handful of stocks can continue to drive the bull market. Furthermore, the breadth of the bull market rally has […]
UPS Falls Short Of EPS And Revenue Expectations In Q2

UPS Falls Short Of EPS And Revenue Expectations In Q2

Image Source: Pixabay  United Parcel Service, Inc. (NYSE: UPS) reported its second-quarter earnings for 2024, revealing a mixed performance. The company posted consolidated revenues of $21.8 billion, reflecting a slight decline of 1.1% from the previous year’s $22.1 billion. The consolidated operating profit for the quarter stood at $1.9 billion, marking a significant 30.1% drop compared to […]
Yen Continues To Strengthen: Hopes For A Tough Stance From The Bank Of Japan

Yen Continues To Strengthen: Hopes For A Tough Stance From The Bank Of Japan

Image Source: Unsplash  The Japanese yen continues strengthening against the US dollar, with the USD/JPY pair decreasing to 156.31, marking a near 2% appreciation over the past two weeks. This uptrend initially stemmed from significant currency interventions by the Japanese government and the Bank of Japan, with estimates suggesting the purchase of around 6 trillion yen […]
Forex: Swimming In Tranquil Waters

Forex: Swimming In Tranquil Waters

Image Source: Pixabay  In the calm before the Bank of Japan’s (BoJ) storm, the FX market resembles a serene swim in tranquil waters, with the only ripple being a pre-BoJ dip into JPY. Recent USDJPY lows remain unbreached, offering a sense of stability.Much of the chatter on trading desks revolves around the performance of US tech […]
Asian Stock: Vale Indonesia

Asian Stock: Vale Indonesia

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: PT Vale Indonesia TbkBloomberg ticker: INCO IJMarket cap: US$2,474mBackground: PT Vale Indonesia Tbk is an Indonesia’s largest nickel producer. The company is a subsidiary of the Brazilian company Vale S.A., which is the largest producer of iron […]