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Archives by Year:
July PCE: Fed’s Inflation Progress And Market Impact
The upcoming July personal consumption expenditures (PCE) index could confirm the Fed’s progress towards its 2% inflation target. Economists expect a slight increase in PCE, which might shift focus to the labour market and influence the extent of the rate cut. The market has priced in the September rate cut. Despite early August volatility, major […]
EUR/USD Edges Lower On Firm Fed, ECB Rate Cut Prospects
EUR/USD trades close to a fresh YTD high of 1.1200 in European trading hours. The major currency pair edges lower as the Euro (EUR) underperforms its major peers amid growing speculation that the European Central Bank (ECB) will reduce interest rates again in the September meeting. The ECB is also expected to deliver one more interest rate cut […]
A Gold Bar Is Now Worth $1 Million Data and Key Takeaways
On August 16, 2024, the price of gold reached $2,500 per troy ounce for the first time ever. Consequently, this meant that the value of a 400 oz gold bar (the size often seen in movies) hit $1 million for the first time as well. Given this historic news, we’ve visualized the value of a gold […]
Silver Rises After Gold
Image Source: Pixabay On Friday, the Dow Jones (US30) gained 1.14% (for the week +1.24%), while the S&P 500 (US500) gained 1.15% (for the week +1.39%). The Nasdaq Technology Index (US100) closed positive 1.47% (for the week +1.29%).Speaking at the Fed’s annual symposium at Jackson Hole on Friday, Fed Chairman Jerome Powell recognized recent progress on inflation and said that “the time has come for policy […]
Wage Growth Is Cooling In Hungary, But Risks Persist
Average wage growth slowed markedly in June, reaching its lowest level in 2024. However, with private sector wage growth expected to remain in double digits for the rest of the year, risks to services inflation remain. 13.3% Average wage growth (June) ING Forecast 15.8% / Previous 14.8% Lower than expected June saw the first drop […]
Bitcoin Price On The Defensive Since This Morning
Bitcoin chart analysisLast night, a new Bitcoin price high was formed at the $65103 level. Before that, we were moving in the $63800-$64500 range. Today’s picture is different, as we are looking at a price pullback from last night’s high. We did not manage to stay above the daily open price but moved to the […]
Asian Stock: Genting Berhad
Company: Genting BerhadBloomberg ticker: GENT MKMarket cap: US$3,865mBackground: Genting Berhad is an investment holding company with operations worldwide. Its businesses include leisure and hospitality, oil palm plantations, energy, property development, life sciences, and biotechnology. Its listed subsidiaries are Genting Malaysia (GENM MK), Genting Singapore (GENS SP), and Genting Plantations (GENP MK). World Class Benchmarking of Genting Bhd Profitable Growth […]
We’ve Avoided Recession. But Investors Shouldn’t Get Too Comfortable
An interesting economic factoid has been making its rounds lately: The US economy has only been in a recession for two months out of the last 180-plus. It’s hard to state how great this economic expansion has been. But any statement about how frequently the economy goes into recession has no scientific backing. It is […]
Polymarket is a ‘social epistemic tool’ for the public, Vitalik Buterin argues as CFTC scrutiny intensifies
Key Takeaways Polymarket’s trading volume surpassed $390 million as interest in election bets grows. Vitalik Buterin argues against categorizing Polymarket as gambling. Share this article Ethereum co-founder Vitalik Buterin has come to the defense of Polymarket, a decentralized prediction market platform, as it faces increasing regulatory scrutiny. Buterin’s support comes at a crucial time when […]
Jerome Powell Bombshell Speech Reveals Everything You Need To Know About The Economy
Image source: Pixabay It wasn’t just a pivot, Powell admits the US economy is in trouble as unemployment has already started rising. While that’s its own can of worms, there are also more monetary and financial considerations related to what happened early in August. CLOs, collateral, stock market liquidations, all tied to what the Fed just […]
