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The Bond Market’s Ongoing Battle With The Federal Reserve

The Bond Market’s Ongoing Battle With The Federal Reserve

Image Source: PexelsSince the federal funds rate hit 5% in March 2023, the bond market has been battling it out with the central bank. The market assumed that the U.S. economy was heading for recession and required more accommodative monetary conditions. This negative outlook has been influenced by the pervasive loose monetary policy that was put in place […]
Telegram CEO charged with ‘complicity’ in grave crimes as French gov websites face DDoS attacks

Telegram CEO charged with ‘complicity’ in grave crimes as French gov websites face DDoS attacks

Key Takeaways Russian hackers allegedly targeted French government websites in response to Pavel Durov’s arrest. President Macron claims the arrest of Telegram’s CEO was not politically motivated. Share this article The Paris Public Prosecutor’s Office has issued a press release detailing the official charges against Telegram CEO Pavel Durov. The judicial investigation, opened on July […]
Invest In Petrobras Stock For A 60% Net Return In 12 Months: Analyst Says

Invest In Petrobras Stock For A 60% Net Return In 12 Months: Analyst Says

Image Source: Unsplash Morgan Stanley analyst sees upside in Petrobras stock to $20. Shares of the oil giant are particularly attractive for income investors. Petrobras share price is currently down about 12% versus YTD high. Shares of Petrobras (PBR) are rallying on Monday after a Morgan Stanley analyst issued a bullish note in its favour.Bruno Montanari […]
Real Estate Roars Back

Real Estate Roars Back

Image Source: PexelsBears are still stuck playing defense in this market following the volatility earlier this month. But on Friday, Fed Chair Powell came out and confirmed what we already knew: Rate cuts are coming in September.To be clear, markets have already priced in these cuts. That’s why we’ve been seeing sectors associated with monetary easing […]
Gold Hits Record High As Dollar Slides Further; Powell Says Time For Policy Adjustment

Gold Hits Record High As Dollar Slides Further; Powell Says Time For Policy Adjustment

Image Source: PixabayStocks consolidated this week after enjoying their best performance of the year last week. This week, the key events were earnings reports from retailers, the FOMC minutes for the July meeting, weekly initial jobless claims, existing home sales, and the annual Jackson Hole Economic Symposium on Friday. Investors were hoping to get more clarity […]
Tesla’s Price Cuts Put A Charge Into Used EV Sales

Tesla’s Price Cuts Put A Charge Into Used EV Sales

Image Source: PexelsThe used EV market is finally starting to catch a bid, thanks to Tesla’s (TSLA) trendsetting in lowering prices during the last two years of major ongoing EV competition.The change in the market has been evidence at CarMax Inc.’s superstore in Fremont, California, according to a new Bloomberg report. General manager Henry Melendez told Bloomberg about the results of […]
Bears Still In Control Despite The Upside Potential: The Corn And Ethanol Report

Bears Still In Control Despite The Upside Potential: The Corn And Ethanol Report

Image Source: UnsplashWe kickoff the day with Durable Goods Orders MoM, Durable Goods Orders Ex Transportation MoM, Durable Goods Orders ex Defense MoM, and Non Defense Goods Orders Ex Air at 7:30 A.M., Dallas Fed Manufacturing Index at 9:30 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., and Crop Progress […]
Uber Slapped With $324M EU Fine As Stock Dips Amid Data Transfer Scandal

Uber Slapped With $324M EU Fine As Stock Dips Amid Data Transfer Scandal

Image Source: PixabayUber Technologies Inc. (UBER) faced a significant setback on Monday as European Union regulators imposed a massive fine for violating data protection rules, while the company’s stock experienced a downturn amid broader market fluctuations. The ride-hailing giant was fined 290 million euros ($324 million) for improperly transferring European drivers’ personal data to the United States, […]
AUDNZD May Have Found The Resistance

AUDNZD May Have Found The Resistance

Image Source: UnsplashAUDNZD is turning down now from projected 61,8% Fibo. retracement and strong 1.11-1.12 resistance area for wave (B). It’s now trying to continue lower out of a bear flag and ahead of Australian CPI inflation data this week. The number below 3.4% should be interesting for bears within a higher degree wave (C), especially […]
Appetite for Bitcoin soars after Powell speech, says Bitfinex analysts

Appetite for Bitcoin soars after Powell speech, says Bitfinex analysts

Key Takeaways BTC registered a 6.06% daily gain on August 23rd, the second-highest since May 20th. Open interest for BTC pairs dropped from $39.03 billion to $26.65 billion, indicating reduced market leverage. Share this article Bitcoin (BTC) prices and the broader crypto market surged on Aug. 23, continuing the recovery that began in early August. […]