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Grayscale rolls out Avalanche trust product

Grayscale rolls out Avalanche trust product

Key Takeaways Grayscale’s Avalanche Trust offers exposure to the AVAX token, enhancing its crypto product range. The AVAX token is crucial for transaction fees and blockchain security on Avalanche. Share this article Leading asset manager Grayscale Investments announced today it is launching the Grayscale Avalanche Trust, a new investment product aimed at providing investors with […]
As The Debby Effect Dissipates, Initial Claims Remain Positive For The Economy

As The Debby Effect Dissipates, Initial Claims Remain Positive For The Economy

For the last several months, jobless claims have been buffeted first by unresolved post-pandemic seasonality, and then also by the effect of Hurricane Debby on claims in Texas. The first is now abating, and the second has ended, as this week claims in Texas declined to their typical level last year at this time.To the […]
FTSE Flatlining Again, JD Sports Shines In A Slow Summer Tape

FTSE Flatlining Again, JD Sports Shines In A Slow Summer Tape

Image Source: Pexels The U.S. Federal Reserve’s expected interest rate decrease, which has been boosting market sentiment, helped the UK’s benchmark FTSE 100 stock index rise slightly on Thursday. JD Sports also saw gains after the sportswear retailer announced stronger quarterly sales. The FTSE 100 blue chip index increased by 0.04%. With higher Q2 revenue, UK’s JD […]
Watching EUR/USD For Breakout

Watching EUR/USD For Breakout

Image Source: Unsplash With crude oil attempting to break to the downside out of a large triangle, I believe inflation could continue to decrease in the coming months. This could help keep the dollar in a downtrend, especially since the Fed may consider more rate cuts this year—unless the economic situation dramatically changes in the next […]
Elliott Wave Technical Analysis: British Pound/Australian Dollar – Thursday, Aug. 22

Elliott Wave Technical Analysis: British Pound/Australian Dollar – Thursday, Aug. 22

Image Source: Pixabay  British Pound/Australian Dollar – Day Chart AnalysisGBPAUD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave 1 Next Lower Degrees Direction: Navy blue wave 3 Details: Navy blue wave 1 appears complete; navy blue wave 2 is currently in play. Wave Cancel Invalid Level: 2.00455 The GBPAUD currency pair is currently in a corrective […]
Silver Price Forecast: XAG/USD Declines To Near $29.40 As Yields Rise After Upbeat Flash US PMI

Silver Price Forecast: XAG/USD Declines To Near $29.40 As Yields Rise After Upbeat Flash US PMI

Silver price (XAG/USD) falls sharply to near $29.40 in Thursday’s North American session. The white metal weakens as the US Dollar (USD) rebounds and bond yields rise after better-than-projected preliminary United States (US) S&P Global PMI data for August.The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back to near 101.45 from […]
Russell 2000 Earnings Dashboard 24Q2 – Thursday, Aug. 22

Russell 2000 Earnings Dashboard 24Q2 – Thursday, Aug. 22

Image Source: Unsplash  Russell 2000 Aggregate Estimates and Revisions The 24Q2 Y/Y blended earnings growth estimate is 18.7%. If the energy sector is excluded, the growth rate for the index is 29.4%. Of the 1,712 companies in the Russell 2000 that have reported earnings to date for 24Q2, 60.5% reported above analyst expectations. The 24Q2 Y/Y blended revenue growth estimate is 0.6%. If the energy sector is excluded, the growth rate for […]
AUD/USD Rebounds From 0.6720 As US Dollar Retreats After Higher US Jobless Claims

AUD/USD Rebounds From 0.6720 As US Dollar Retreats After Higher US Jobless Claims

 Image Source: Unsplash   AUD/USD bounces back as the US Dollar falls after a short-lived pullback post US weekly jobless claims data. The upside in the US Dollar remains capped by optimism over Fed interest rate cuts in September. Australian Composite PMI returns to expansion in August. The AUD/USD pair discovers buying interest from the intraday low of […]
EUR/USD Outlook: Dollar Weakens, Euro Ranges On Mixed Data

EUR/USD Outlook: Dollar Weakens, Euro Ranges On Mixed Data

The EUR/USD outlook is optimistic as the dollar remains fragile after dovish Fed minutes. However, the euro fluctuated Thursday morning after mixed economic reports from the Eurozone. The general trend for EUR/USD remained up as Fed minutes confirmed expectations for a Fed rate cut in September. Policymakers were ready to start lowering borrowing costs if economic […]
Dogecoin And Shiba Inu: Shiba Rises To Two-Week High

Dogecoin And Shiba Inu: Shiba Rises To Two-Week High

Dogecoin chart analysisLast night, the Dogecoin price climbed to a new weekly high at the 0.10797 level. After that, the price lost its previous momentum and stopped there, triggering a bearish consolidation. This morning, we saw a descent to support at the 0.10400 level. Here, we sat the EMA 50 moving average, which stopped further […]