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Easing Cycle Set To Begin Next Month; Historically, Equities React By Declining

Easing Cycle Set To Begin Next Month; Historically, Equities React By Declining

It is early, but tech is beginning to lag. This is taking place even as the Fed is getting ready to begin an easing cycle. Historically, stocks tend to rally into this and then head lower.Tech is beginning to take a back seat. Last week, the Nasdaq 100 increased 1.1 percent. This compares with the […]
The Ridiculous Grocery Gouging Discussion Vs. The One We Should Have

The Ridiculous Grocery Gouging Discussion Vs. The One We Should Have

Grocery stores prices rise as the wholesale cost of food rise. The price of eating out is another matter.Don’t Worry, Were Stupid!That seems to be the message of Democrats following a backlash over absurd price controls that Kamala Harris has sponsored.The Hill comments Hill Dems try to tamp down backlash to Harris’ grocery price gouging pitch […]
The Dollar Index Has A New Opportunity To Start A Recovery

The Dollar Index Has A New Opportunity To Start A Recovery

Dollar index chart analysisThis morning, the dollar index fell to a new annual low of 100.53. It quickly consolidated at that level and started a recovery. We are back above the 100,070 level on the positive side above the daily open price. That pushed the index, and now we are at the 100.78 level. We […]
Why was Telegram’s CEO arrested? Understanding the nuances between privacy and crypto

Why was Telegram’s CEO arrested? Understanding the nuances between privacy and crypto

Key Takeaways Pavel Durov’s arrest directly affected Toncoin’s market value. The incident raises significant concerns about privacy and government interference in the crypto sector. Share this article At 39 years old, Pavel Durov, the Russian-born billionaire and founder of messaging app Telegram, has done a lot in the tech world, not just for the crypto […]
Powell Signaled Rate Cuts Are Coming

Powell Signaled Rate Cuts Are Coming

On Friday, Jerome Powell signaled that a September rate cut is highly likely, and the stock and bond markets applauded. “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.” […]
USD Is Trading Mostly Firmer, But Yen And Swiss Franc Show Resilience

USD Is Trading Mostly Firmer, But Yen And Swiss Franc Show Resilience

Image Source: Unsplash  Overview: The US dollar is mostly firmer, though consolidating against most of the G10 currencies. The Japanese yen and Swiss franc are the strongest, while the Scandis and Antipodean currencies are the heaviest. Among emerging market currencies, a handful of Asian currencies, including the Chinese yuan are higher, but central European currencies, the South […]
WTI Crude Bounces From A Major Support Level

WTI Crude Bounces From A Major Support Level

The crude oil market rallied a bit during the early hours on Friday, and then simply took off after Jerome Powell finally admitted that the Federal Reserve is likely to cut rates in a bit of a cycle. With that being said, the market also recently has seen the $72.50 level as a major support […]
Unlocking ASX Trading Success: WiseTech Global Limited – Monday, Aug. 26

Unlocking ASX Trading Success: WiseTech Global Limited – Monday, Aug. 26

ASX: WiseTech Global Limited – WTC Elliott Wave Technical Analysis (1D Chart)Welcome to our latest update on the Australian Stock Exchange (ASX) featuring WiseTech Global Limited (WTC). Our Elliott Wave analysis suggests that WTC.ASX might be on the verge of a significant upward movement, driven by a developing ((iii))-navy wave.ASX: WiseTech Global Limited – WTC Elliott Wave Technical […]
US Bitcoin ETFs net over $500M in a single week as Grayscale’s outflows slow down

US Bitcoin ETFs net over $500M in a single week as Grayscale’s outflows slow down

Key Takeaways BlackRock’s IBIT led Bitcoin ETF inflows with over $310 million last week. Grayscale’s GBTC outflows continued but at a reduced pace, losing about $86 million. Share this article Investors poured over $500 million into ten exchange-traded funds (ETFs) that track the spot price of Bitcoin last week, data from Farside Investors showed. The […]
Africa Stocks Overtake US Shares As Top Performer In 2024

Africa Stocks Overtake US Shares As Top Performer In 2024

Earlier this month I discussed the possibility that the US stock market’s year-to-date performance would slip to second place as Africa shares rallied. Nearly two weeks later, the switch is complete, based on a set of proxy ETFs.It’s debatable if this leadership change will resonate as a longer-term phenomenon. One reason for skepticism: Africa stocks (AFK) are […]