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Searching For Direction
Image Source: Unsplash Overview: The capital markets have been choppy as pre-existing positioning meets new thoughts on the implications of a second Trump administration. The dollar has found better footing today after giving back a chunk of Wednesday’s gains yesterday. The yen is an exception, but it is not exception that the dollar trades heavier against the […]
Bear Of The Day: Hershey Declining EPS Estimates Bottom Line
Reporting lackluster third quarter results on Thursday, there could be more downside risk ahead for Hershey’s (HSY) stock.To that point, the iconic chocolate manufacturer had already seen a decline in its earnings estimate revisions with HSY landing a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Hershey’s Dismal Q3 ResultsAttributed to what it called […]
EUR/GBP Price Forecast: Finds Support At Bottom Of Range
EUR/GBP has met support at the floor of a five-week range. It will probably recover as the pair extends its range sideways. EUR/GBP has fallen down to the base of its six-week range (red dashed line on chart) at roughly 0.8311; it is likely encountering firm support at that level. EUR/GBP 4-hour Chart The pair […]
Dogecoin Descending Triangle Could Hint At Next Destination For DOGE
An analyst has pointed out how this price level could end up being the next destination of Dogecoin based on a Descending Triangle pattern. Dogecoin Is Moving Inside A Descending Triangle Right NowIn a new post on X, analyst Ali Martinez has talked about a pattern that has recently been forming in the price of Dogecoin. The pattern […]
Germany Is Plunging And It’s Spreading To The Rest Of The World
Image source: Pixabay Germany’s government is the latest casualty of the “vibecession.” Amid a flurry of political activity, the markets throw up another major warning with the first ever negative swap spread. Predictably, the mainstream media can’t make sense of swaps, the situation, or the economics. It’s the economy, stupid.Video Length: 00:18:16More By This Author:Demand For […]
Chinese official gets life sentence for selling state secrets to pay crypto debts
Key Takeaways A former civil servant in a confidential unit has received life sentence for espionage linked to crypto debts. Wang exchanged confidential information for over 1 million yuan in crypto transactions. Share this article A Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to cover crypto […]
TRON DAO unveils TRON-peg USD Coin: A new gateway to borderless transactions
Share this article Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across […]
US Dollar Steadies After Wild Ride, With Powell Shrugging Off Politics
The US Dollar stabilizes on Friday after a volatile week. Jerome Powell responded bluntly to markets and reporters on his future as Fed Chairman. The US Dollar index steadies in the 104-region, looking for a fresh direction. The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the […]
Bull Of The Day: Target
Making significant progress in addressing inventory concerns, Target’s (TGT) stock appears to be at a positive inflection point ahead of its Q3 results on Wednesday, November 20.Sporting a Zacks Rank #1 (Strong Buy) and landing the Bull of the Day, let’s take a look at why investing in Target looks favorable again. Targets Q3 ExpectationsBased on Zacks […]
China Announces Huge Debt Package Ahead Of ‘Forceful’ Stimulus
Image source: Pixabay China has unveiled a RMB10tn programme to alleviate local government debt issues. The package, worth some $1.4tn, was announced after the week-long National People’s Congress. A decisive move to address local government debt woesChina’s National People’s Congress concluded its week-long meeting on Friday with a press conference with the Ministry of Finance announcing RMB10tn of […]
