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Uranium Mining Stocks Sink After World’s Largest Producer Boosts Production Guidance

Uranium Mining Stocks Sink After World’s Largest Producer Boosts Production Guidance

Image Source: PixabayUranium mining stocks plunged on Thursday after the world’s largest uranium producer raised its full-year 2024 uranium production guidance.Kazakhstan’s state-owned miner Kazatomprom released an update on operations and trading on Thursday, indicating it now expects to produce between 22.5mln and 23.5mln metric tons of uranium this year, while it previously stated the range of 21mln and 22.5mln […]
I Wasn’t Joking About “Risk-Off” – This Is What To Do

I Wasn’t Joking About “Risk-Off” – This Is What To Do

Image Source: PexelsOver the past couple of weeks here in Sector Leader Bullseye, I’ve been ringing the alarm surrounding the flow of capital into defensive segments of the market.In fact, I felt so strongly about it that I was compelled to do a special session on Wednesday on the cautionary rotations taking place underneath the surface of […]
Current Analysis: XP Inc.

Current Analysis: XP Inc.

Image Source: PixabayXP Inc. (XP) is a Cayman Island-based technology-driven financial services platform.It is a provider of low-fee financial products and services in Brazil. The company evaluates its business through a single segment that monitors operations, makes decisions on fund allocation, and evaluates performance.It generates revenue through Brokerage commissions.It offers its financial products and services through […]
SUN.io launches SUN DAO to enhance decentralized governance and drive ecosystem innovation

SUN.io launches SUN DAO to enhance decentralized governance and drive ecosystem innovation

Key Takeaways SUN DAO introduces a fully decentralized governance model at SUN.io. The SUN token’s integration into governance aims to enhance community engagement and protocol security. Singapore, July 30, 2024, 12:00 PM – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative […]
EURUSD Falls Below Key Technical Levels With US NFP In The Barrel

EURUSD Falls Below Key Technical Levels With US NFP In The Barrel

Image Source: Pixabay EUR/USD slipped back below 1.0800 as bearish pullback gains strength. Mixed US data reignited fears over a possible recession in the US. US NFP jobs report in the pipe for Friday, market attention fixed squarely on hiring numbers. EUR/USD lost a foothold above key technical levels on Thursday, slumping below the 1.0800 handle after […]
Russell 2000 Flips On False Breakout As Sellers Take Control Of Markets

Russell 2000 Flips On False Breakout As Sellers Take Control Of Markets

Ultimately, the resistance squeeze in the Russell 2000 (IWM) delivered an initial breakout before sellers squeezed it into Wednesday’s close, leaving a nasty gravestone doji. So when the market opened today there was only one outcome, and sellers made the most of it with higher distribution selling on a 3%+ loss. The index did manage […]
USD/JPY Price Analysis: Plummets Below 150.00, Hits 5-Month Low And Turns Bearish

USD/JPY Price Analysis: Plummets Below 150.00, Hits 5-Month Low And Turns Bearish

Image Source: Pixabay USD/JPY closes below 150.00 for the first time since March, hitting a five-month low of 148.51. Technical indicators show strong downtrend, with RSI suggesting potential for oversold rebound. Key resistance at 150.00 and 151.00, with support levels at 148.51, 148.00, and March low of 146.48. The USD/JPY descended on Thursday trading, breaking below […]
Coinbase reports $1.4B Q2 revenue, beating estimates despite lower profits

Coinbase reports $1.4B Q2 revenue, beating estimates despite lower profits

Key Takeaways Coinbase’s Q2 revenue increased to $1.45 billion despite a profit decline. Solana transactions accounted for 10% of Coinbase’s transaction revenues in Q2. US-based crypto exchange Coinbase reported $1.4 billion in total revenue for Q2 2024, surpassing analyst estimates of $1.36 billion but down from $1.6 billion in Q1. The exchange saw transaction revenue […]
Stocks And Precious Metals Charts – This World Is A Ship, Not Your Home

Stocks And Precious Metals Charts – This World Is A Ship, Not Your Home

Image Source: PexelsStocks gave up most if not all of the gains they enjoyed yesterday.Gold wobbled a little, but silver was smacked lower by the wiseguys in sympathy with equities.VIX rose sharply.Non-Farm Payrolls report tomorrow.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – Stocks Soared Stocks And Precious Metals Charts – Drunk With […]
The Year’s Biggest Pivot Point For The Market May Come Tomorrow

The Year’s Biggest Pivot Point For The Market May Come Tomorrow

Image Source: Unsplash The job report will be pivotal for tomorrow.Video Length: 00:11:08More By This Author:Stocks Drop As Earnings, The BOJ And FED Come Into Focus Stocks Finished Little Changed With A Big Week Of Data Starting The Market’s On The Brink Of Change