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Bitcoin’s Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels

Bitcoin’s Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels

  ↵Image Source: Pixabay Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTC’s performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance […]
Softs Report – Tuesday, Oct. 15

Softs Report – Tuesday, Oct. 15

COTTON General Comments: Cotton was lower yesterday and trends are turning down on the daily charts as continued stressful weather was seen in the south but export demand was less. USDA cut production and demand in its reports released on Friday and ending stocks were increased a little bit to 4.10 million bales. There are […]
Litecoin spikes 10% as Canary Capital applies for spot Litecoin ETF

Litecoin spikes 10% as Canary Capital applies for spot Litecoin ETF

Key Takeaways Litecoin briefly surged past $70 after Canary Capital filed with the SEC for a Litecoin ETF. Given that the SEC views most crypto assets as securities, it remains unclear whether the ETF will get the greenlight. Share this article Litecoin (LTC) jumped 10% to $70.8 briefly after Canary Capital, a crypto-focused investment management […]
Eurozone Bank Lending Survey Shows Cautious Improvements In Lending Climate

Eurozone Bank Lending Survey Shows Cautious Improvements In Lending Climate

Demand for loans has improved among both households and corporates, while credit standards have stopped tightening after two years. This indicates that monetary easing – and the prospect of more easing to come – is resulting in cautiously improving investment expectations.Image Source: Pixabay The aggressive monetary tightening of recent years has not missed its effect. The […]
2:1 Corn-Soybean Ratio Approaching. The Corn & Ethanol Report

2:1 Corn-Soybean Ratio Approaching. The Corn & Ethanol Report

We kicked off the day with NY Empire State Manufacturing Index at 7:30 A.M., Redbook YoY at 7:55 A.M., Consumer Inflation Expectations and Export Inspections at 10:00 A.M., Fed Daly Speech, 3-Month & 6-Month Bill Auction at 10:30 A.M., NOPA Crush at 11:00 A.M., Fed Kugler Speech at 12:00 P.M., Crop Progress at 3:00 P.M., […]
Labor Is On The Fed’s Side Against Inflation

Labor Is On The Fed’s Side Against Inflation

U.S. Federal Reserve Chairman Jerome Powell faces a central banker’s most difficult task: cooling out-of-control price rises without choking the labor market. Conventional wisdom holds that these goals are in irrevocable tension. But now, labor is doing its part to reconcile the two. A steady flow of new workers and an uptick in productivity mean […]
Household Balance Sheets Are In Good Shape

Household Balance Sheets Are In Good Shape

One of my fundamentals-based systems for monitoring the economy is to look at the health of household balance sheets.Most recessions happen when consumers are under stress. If real wages are growing, if assets that can be leveraged or cashed in (mortgage payments, home equity, stocks) are increasing in value, if monthly debt payments are not […]
Canary Capital files for Litecoin ETF with SEC filing

Canary Capital files for Litecoin ETF with SEC filing

Key Takeaways Canary Capital’s Litecoin ETF aims to simplify investor access to Litecoin. The ETF will secure Litecoin in cold storage to minimize security risks. Share this article Canary Capital has officially filed for a Litecoin ETF with the SEC, following its recent submission for an XRP ETF earlier this month. According to Canary Capital, the […]
Clash Of Titans: Diverging Global And Emerging Market Mid-Year Active Performance

Clash Of Titans: Diverging Global And Emerging Market Mid-Year Active Performance

Much of recent market commentary has been focused on market concentration concerns,1 thanks to the dominance of mega-cap stocks in the U.S., with the S&P 500® Top 50 outperforming the S&P 500 by 5% for the 12 months ending in September 2024.But as we’ve noted in our inaugural SPIVA® Global Mid-Year 2024 Scorecard, concentration trends can manifest at a broader level than individual securities, […]
NFLX: How Does The Long Term Outlook Look Ahead Of Earnings

NFLX: How Does The Long Term Outlook Look Ahead Of Earnings

Image courtesy of 123rf.com On Thursday, Netflix (NASDAQ: NFLX) will deliver its Q3 2024 earnings report ending September. Per Zacks Investment Research, the expected earnings per share forecast for the streaming platform is $5.09 EPS. Compared to the year-ago quarter’s $3.73 EPS, this would constitute a 34.6% increase.Presently priced at $706.71, NFLX stock is up 51% […]