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Archives by Year:
Second Quarter Contraction In Hungary Confirmed
Image Source: Pexels Economic momentum lost again The Hungarian Central Statistical Office (HCSO) did not make any significant changes to the preliminary 2Q GDP data. On a quarterly basis, the Hungarian economy contracted by 0.2% in the April-June period. At the same time, the seasonally and calendar-adjusted year-on-year index remained at 1.3%, as indicated in the […]
Precious Metals Market Update – Gold’s Seasonality Is In Play
Image Source: PixabayAs we enter September, it’s important to note that this month has historically been challenging for precious metals. Since 2009, gold has typically dropped by 2.4%, silver by 3.8%, platinum by 3.7%, and palladium by 0.4%. This trend is often linked to broader market factors, such as increased volatility and weaker U.S. stock performance […]
WTI Oil Falls To $70 As OPEC Production Rumors And Reduced China Demand Weigh
Image Source: Pixabay WTI Oil has fallen to the $70 level as rumors OPEC is preparing to ramp up production lead traders to press sell. A slowdown in Chinese demand and weak Manufacturing figures further weigh. Mixed US inventory data, Libyan outages and possible Federal Reserve cuts are further factors. West Texas Intermediate (WTI), the US crude […]
Analysts weigh in: will Bitcoin’s September slump repeat this year?
Key Takeaways Bitcoin historically faces volatility in September, with an average 7% drawdown. Potential Fed rate cut adds complexity to Bitcoin’s September performance forecast. Share this article September is a traditionally volatile month for Bitcoin (BTC) that usually results in monthly losses, according to analysts. The projection is that BTC could fall to $55,000 if […]
Elliott Wave Technical Analysis: Soybean Commodity For Tuesday, Sept 3
Image Source: Unsplash Soybean Elliott Wave Analysis The long-term bearish cycle for soybeans, which began in June 2022, continues to push prices lower, currently trading near a four-year low. The downtrend shows no signs of a major reversal, and investors are likely to continue selling on rallies until a definitive bottom is reached. Technically, no significant reversal signals have been […]
Tesla Reports Best Sales Month In China; Stock Sees Slight Gains
Image Source: PexelsTesla, Inc. (TSLA) reported its best sales month of the year in China for August 2024, while its stock continues to show volatility in the market. The EV firm sold 37% more cars than in August, making it the company’s best sales month in China so far in 2024. Tesla’s China Sales Rebound from July, Numbers […]
USD/CAD Price Forecast: Jumps To Near 1.3550
Photo by Michelle Spollen on Unsplash USD/CAD surges to near 1.3550 as the Canadian Dollar weakens ahead of the BoC policy meeting. The US Dollar surrenders its intraday gains with US NFP in focus. The US ISM Manufacturing PMI contracted again in August. The USD/CAD pair climbs to near 1.3550 in Tuesday’s North American session. The Loonie asset gains sharply […]
US Manufacturing ISM Signals Accelerating Stagflation As PMI Turns Downright Apocalyptic
Ahead of Friday’s payrolls report, there were rising expectations that the economic rebound observed in the past two weeks – and following the dismal July jobs report – would persists. Alas, those hopes were promptly crushed moments ago when shortly after a dismal US Manufacturing PMI report, which printed in its final iteration at 47.9, […]
Aave and Sky forge alliance to turbocharge the DeFi ecosystem
Key Takeaways Aave and Sky partner to integrate new tokens USDS and sUSDS into Aave platform. Collaboration aims to boost USDS adoption and increase Aave’s total value locked. Share this article Decentralized applications Aave and Sky have announced a joint effort to take the decentralized finance (DeFi) ecosystem to the traditional finance realm.Named Sky Aave […]
Solana And Cardano: Solana Loses Momentum Again
Solana chart analysisOn Monday, the price of Solana retreated to a higher weekly low at the 127.00 level. After that, the price stabilized and initiated a bullish consolidation above $134.00 and the EMA 50 moving average. Continuing this consolidation, this morning, we climbed to the $137.50 level, a new weekly high. However, we did not […]
