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USD Consolidates Gains After Powell Signals Caution On Rate Cuts 
                    
Daily digest market movers: Markets to become even more data driven
US Dollar Index Technical Analysis: Four-day high

USD Consolidates Gains After Powell Signals Caution On Rate Cuts Daily digest market movers: Markets to become even more data driven US Dollar Index Technical Analysis: Four-day high

The US Dollar (USD) trades broadly positive on Tuesday ahead of the Manufacturing Purchasing Managers Index (PMI) numbers from the Institute for Supply Management (ISM). The positive turnaround for the Greenback took place after traders priced in less interest rate cuts from the Federal Reserve (Fed) on the back of Chairman Jerome Powell comments. On the geopolitical side, […]
Median Household Income In August 2024

Median Household Income In August 2024

Motio Research’s initial estimate of U.S. median household income in August 2024 is $81,562. This figure is $3,017 (3.8%) higher than the firm’s initial estimate of median household income in July 2024 of $78,545.That very large increase followed the U.S. Census Bureau’s release of its annual median household income estimate for 2023 of $80,610, which prompted the firm to […]
Bitcoin kicks off ‘Uptober’ eyeing 22.9% historical gains

Bitcoin kicks off ‘Uptober’ eyeing 22.9% historical gains

Key Takeaways Bitcoin’s historical October performance, known as ‘Uptober,’ is jeopardized by high futures interest and reduced spot buying. Despite potential market overheating, a 5% to 10% pullback could maintain Bitcoin’s uptrend. Share this article As October begins, the crypto market enters “Uptober,” a period historically associated with strong Bitcoin performance. Over the past nine […]
Gold Remains Bullish, Supported By China Stimulus

Gold Remains Bullish, Supported By China Stimulus

Gold is trading bullish already for a while and we have been talking a lot about that in the past. By recent China stimulus package, we can see Chinese stocks like Hang Seng Index (HSI) in a massive rally and at the same time Chinese yuan is getting stronger with room for more upside. If […]
Unlocking ASX Trading Success BXB Stock Analysis & Elliott Wave Technical Forecast – Tuesday, October 1

Unlocking ASX Trading Success BXB Stock Analysis & Elliott Wave Technical Forecast – Tuesday, October 1

ASX: BRAMBLES LIMITED – BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see BXB could continue to push higher with a v-grey wave.ASX: BRAMBLES LIMITED – BXB 1D Chart (Semilog Scale) Analysis Fun Function: Major trend (Minuette degree, orange) Mode: Motive Structure: Impulse Position: […]
Circle partners with Mark Carnegie to bring USDC to Australia

Circle partners with Mark Carnegie to bring USDC to Australia

Key Takeaways Circle’s partnership with Mark Carnegie aims to extend USDC’s reach in the Asia Pacific. The collaboration may lead to the creation of an Australian dollar stablecoin. Share this article Circle has announced plans to bring its USDC stablecoin to Australia through a partnership with venture capitalist Mark Carnegie’s MHC Digital Group, signaling an […]
US Stock Futures Slip As Investors Weigh Fed’s Rate Cut Outlook And Await Key Economic Data

US Stock Futures Slip As Investors Weigh Fed’s Rate Cut Outlook And Await Key Economic Data

It looks like investors are taking a cautious approach, with stock futures drifting flat to slightly negative following the S&P 500’s fresh record close. The market is digesting Fed Chair Powell’s comments, which reinforced the idea that the Fed is not on a predetermined path and hinted at smaller rate cuts moving forward. Powell’s statement […]
EigenLayer EIGEN token now tradable as restrictions end, debuts with $7B FDV

EigenLayer EIGEN token now tradable as restrictions end, debuts with $7B FDV

Key Takeaways EIGEN token is now freely tradable following the lift of transfer restrictions. The token’s current market valuation stands at $7.1 billion. Share this article EigenLayer, the Ethereum-based restaking protocol, has officially removed transfer restrictions on its native EIGEN token, allowing holders to move and trade their assets freely. The token became transferable at […]
Metal Markets Report For Monday, Sept 30

Metal Markets Report For Monday, Sept 30

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:12:35More By This Author:SPDR ETF Report For Monday, Sept 30Financial Markets Report For Monday, Sept 30Financial Markets Report For Friday, Sept 27
Insider Trading: 3 Recent Large-Cap Purchases

Insider Trading: 3 Recent Large-Cap Purchases

Image Source: PixabayInvestors closely monitor insider buys, as they can give hints surrounding the long-term picture.An insider is an officer, director, 10% stockholder, or anyone who possesses internal information because of their relationship with the company. It’s critical to note that insiders have a longer holding period than most, and many strict rules apply to their […]