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Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil

Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil

Key Takeaways Ripple and Mercado Bitcoin’s new system targets initial transactions between Brazil and Portugal. The partnership marks Ripple’s continued expansion in Latin America. Share this article Ripple has partnered with Mercado Bitcoin, one of Latin America’s largest crypto exchanges, to launch a new crypto-enabled cross-border payments solution in Brazil. This partnership will enable businesses to […]
FTSE Hugging The Flatline, Housebuidlers Bid On Bailey Comments

FTSE Hugging The Flatline, Housebuidlers Bid On Bailey Comments

Image Source: Pexels The UK’s benchmark FTSE 100 index opened higher on Thursday, buoyed by a rise in energy shares, while Britain’s largest supermarket chain Tesco climbed after raising its annual profit forecast. The blue-chip FTSE 100 index is trading with a modest gain of 0.3%. Shares of major oil and gas companies increased by 0.6%, […]
Black Sea & South American Yields And U.S. Exports. The Corn & Ethanol Report

Black Sea & South American Yields And U.S. Exports. The Corn & Ethanol Report

We kicked off the day with Challenger Job Cuts at 6:30 A.M., Exports Sales. Initial Jobless Claims, Jobless Claims 4-Week Average, and Continuing Jobless Claims at 7:30 A.M., S&P Global Composite PMI Final and S&P Global Services PMI Final at 8:45 A.M., ISM Services PMI, Factory Orders MoM, Factory Orders ex Transportation, ISM Services Business […]
Cable Steps Into A Higher Degree Correction? More Weakness After Rally

Cable Steps Into A Higher Degree Correction? More Weakness After Rally

Photo by Colin Watts on Unsplash  Cable is coming down, with pound under significant pressure today due to Bank of England dovish policy remarks. We see pair falling out of a wedge pattern, but looking at some higher degree trends and charts, we see that Cable is in recovery mode after it moved above 1.300 in August when […]
Stocks Extending October Slump As Oil, VIX Pop

Stocks Extending October Slump As Oil, VIX Pop

October has been a dud for stocks so far, and today is shaping up to be no different. The Dow Jones Industrial Average (DJI) is down over 170 points this afternoon, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) hover around breakeven.Escalation between Israel and Iran is dampening investor sentiment while driving oil […]
Iran-Israel crisis could drive investors with ‘debasement trade’ favoring Bitcoin and gold — JPMorgan

Iran-Israel crisis could drive investors with ‘debasement trade’ favoring Bitcoin and gold — JPMorgan

Key Takeaways Gold prices have surged past expectations due to a weakening dollar and falling Treasury yields. Bitcoin is expected to follow gold’s price trend despite a current negative correlation. Share this article Rising geopolitical risks and the upcoming US presidential election are pushing investors towards traditional safe-haven assets like gold, while Bitcoin faces selling […]
XAU/USD Gold Price Analysis Today: Gold Stabilizes Supported By Safe-Haven Demand

XAU/USD Gold Price Analysis Today: Gold Stabilizes Supported By Safe-Haven Demand

Gold prices stabilized around $2,655 per ounce today, Thursday, remaining relatively close to their all-time highs as the escalating crisis in the Middle East continues to bolster the metal’s appeal as a safe haven. Earlier this week, Iran launched a missile attack on Israel, prompting Israel to intensify strikes across the Middle East and vow […]
Grayscale Investments adds Aave trust to its crypto product suit

Grayscale Investments adds Aave trust to its crypto product suit

Key Takeaways Grayscale’s Aave Trust offers a novel approach to investing in decentralized finance. Aave’s platform leads in crypto lending with significant total value locked. Share this article Grayscale announced today it is launching the Grayscale Aave Trust, a new investment product that provides investors with access to AAVE, the governance token for Aave’s platform.The […]
Bear Of The Day – Dollar General (DG)

Bear Of The Day – Dollar General (DG)

Dollar General, one of the largest and well-known discount retailers, provides various merchandise in the southern, midwestern, and eastern United States. The company offers consumable products such as packaged foods and snacks, perishables like eggs and bread, and alcohol including beer and wine.In addition, Dollar General provides cleaning products such as paper towels, storage bags, […]
Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts

Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts

On the heels of a 53.4% YoY rise in job cut announcements (released by Challenger, Gray, & Christmas), initial jobless claims remain in a world of their own, rising very modestly to 225k from 219k…Source: BloombergInitial claims (SA and NSA) remain rangebound – showing absolutely ZERO indication of labor market stress…Source: BloombergContinuing claims were flat at 1.826mm […]