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GBP/JPY Rises Over 1.0% As Political Instability Weighs On The Yen

GBP/JPY Rises Over 1.0% As Political Instability Weighs On The Yen

 Photo by Colin Watts on Unsplash    GBP/JPY is rising as pre-election concerns the ruling LDP party could lose weakens the Yen.  A change of government or weaker ruling coalition could impact the BoJ’s decision making with consequences for the currency.  The Bank of England’s relatively more hawkish stance on interest rates is a further backwind for GBP/JPY.  […]
What The Markets Are Expecting From The UK’s Crucial Budget

What The Markets Are Expecting From The UK’s Crucial Budget

Image Source: Pexels  It’s the first UK budget for the new Labour government and Britain’s first female Chancellor, Rachel Reeves. Big tax rises look inevitable, given the growing demands on the public purse. More investment is coming, too, but will that come with even more borrowing? That’s the key question for markets, and Reeves will seek […]
Stocks Face Increased Uncertainty Ahead Of Earnings

Stocks Face Increased Uncertainty Ahead Of Earnings

The S&P 500 continues its short-term consolidation. Could this be a potential topping pattern?Stock prices continued consolidating on Tuesday, with the S&P 500 index closing 0.05% lower after rebounding from an intraday decline. Investors are anticipating more quarterly earnings reports, with Tesla’s (TSLA) release in focus after today’s session. The S&P 500 index is likely […]
Bitcoin Retail Demand Rises 13% In 1 Month: Time For Q4 2024 Rally?

Bitcoin Retail Demand Rises 13% In 1 Month: Time For Q4 2024 Rally?

After four months of declining transaction volumes from retail investors, Bitcoin (BTC) retail on-chain activity shows signs of resurgence.  Will Bitcoin Benefit From Rising Retail Participation?According to a recent analysis by on-chain analytics platform CryptoQuant, BTC transactions worth less than $10,000 are rising, reflecting a shift in the market’s sentiment from risk-averse to risk-on. Tracking transactions under […]
Why Tesla’s Earnings Could Increase Pressure To Justify Its Spot In The Magnificent Seven

Why Tesla’s Earnings Could Increase Pressure To Justify Its Spot In The Magnificent Seven

 Image Source: Pexels   Tesla’s Q3 earnings are expected to decline, with profits down 10% year-over-year. EV sales slowdown and lower margins put pressure on the stock, which has fallen 12% in 2024. Earnings report could solidify Tesla’s role as the weakest link in the so-called Magnificent Seven. With shrinking profits and underperforming shares, Tesla Inc. […]
US Dollar Gains Further Fueled By Surge In US Yields, Election Uncertainty

US Dollar Gains Further Fueled By Surge In US Yields, Election Uncertainty

The US Dollar stretches further up against most major G20 currencies. US equities are falling further while markets calibrate the new normal for the Fed interest-rate outlook.  The US Dollar index sets forth its October rally and enters a crucial technical area.  The US Dollar (USD) strengthens further on Wednesday, fueled by uncertainty ahead of […]
XAU/USD Analysis: Gold Breaks Through Record Levels

XAU/USD Analysis: Gold Breaks Through Record Levels

Despite the strong gains of the US dollar, the price of gold rose to around $2753 per ounce, trading at record levels, the highest in the history of the gold market. Its successive gains were supported by its status as a safe-haven asset. Reports indicated that tensions in the Middle East and broader global uncertainties […]
Europe’s Disaster Is About To Spread To The World

Europe’s Disaster Is About To Spread To The World

Image source: Pixabay  More confirmation that the recession is coming back with a vengeance in Europe. The latest data indicates the dangers this time around including jobs and layoffs. This situation in Europe is hardly unique. This is why central bankers are out in force downplaying their own rate cuts; to the point a few policymakers […]
Binance executive released after being detained in Nigeria for over 7 months

Binance executive released after being detained in Nigeria for over 7 months

Key Takeaways Tigran Gambaryan was released from detention on health grounds. Charges of money laundering and currency manipulation against Gambaryan were dropped. Share this article Binance executive Tigran Gambaryan was released from a Nigerian prison after being detained since late February on charges of money laundering and currency manipulation, the government’s lawyer said in court […]
More Treasury Bonds Selling Ahead? Watch The Japanese Yen

More Treasury Bonds Selling Ahead? Watch The Japanese Yen

The U.S. treasury bond market is one of largest and most important in the world. And with interest rates becoming a daily topic of conversation with investors, it’s a must-watch now.And even more interesting is that treasury bonds fell (and interest rates rose) following the Federal Reserve’s 50-basis point cut!Today, we take a look at […]