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Ethena Labs debuts USDtb backed by BlackRock’s BUIDL

Ethena Labs debuts USDtb backed by BlackRock’s BUIDL

Key Takeaways Ethena Labs launches USDtb, a stablecoin backed by BlackRock’s BUIDL, maintaining 90% reserves in BUIDL. USDtb operates independently from USDe and is available on Ethereum mainnet, Base, Solana, and Arbitrum through LayerZero integration. Share this article Ethena Labs has launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). […]
Sensex Today Ends 384 Points Lower; Nifty Below 24,700

Sensex Today Ends 384 Points Lower; Nifty Below 24,700

After opening the day lower, the Indian benchmark remained in negative territory as the session progressed and ended the day lower.Benchmark equity indices BSE Sensex and NSE Nifty50 ended in the red, mirroring their Asian peers.At the closing bell, the BSE Sensex closed lower by 384 points (down 0.5%).Meanwhile, the NSE Nifty closed lower by 100 points (down […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Dec. 16

S&P 500 Weekly Action Areas & Price Objectives – Monday, Dec. 16

Image Source: Pixabay  In this update, we review the recent price action in the emini SP500 futures contract and identify high probability action areas and price objectives for the trading week ahead.Video Length: 00:11:04More By This Author:Daily Market Outlook – Monday, Dec. 16FTSE Flat As GDP Miss Spooks InvestorsDaily Market Outlook – Friday, Dec. 13
Gold Not Shining So Brightly Any More

Gold Not Shining So Brightly Any More

Image Source: Pixabay  The price of gold was higher in the first half of Monday’s session, following a two-day sell-off at the end of last week. Unlike Bitcoin, which has just hit a new all-time high above $106K, the precious metal has been stuck inside a range lately. The metal’s recent struggles underscore growing expectations of […]
Riksbank Preview: Another Cut On The Path To 2%

Riksbank Preview: Another Cut On The Path To 2%

Image Source: Pexels  We expect a consensus 25bp rate cut this week in Sweden. Despite a soft start to the fourth quarter for GDP, forward-looking activity indicators are signaling that rate cuts are turning the tide for the Swedish economy, and we expect the Riksbank’s terminal rate at 2.0% – above that of the ECB. This can […]
S&P 500 Retreats As Expected Rate Cuts In 2025 Drops To Two

S&P 500 Retreats As Expected Rate Cuts In 2025 Drops To Two

The Fed giveth and the Fed taketh away.That’s the lesson for investors following the week-to-week action in the S&P 500 (Index: SPX), which fell by over 0.6% to close out the trading week ending on Friday, 13 December 2024 at 6,051.09.That retreat came after the preceding week’s near one-percent gain, which came as expectations there would be […]
SMCI Plummets After Nasdaq 100 Removal Announcement

SMCI Plummets After Nasdaq 100 Removal Announcement

Image Source: Unsplash  Super Micro Computer, Inc. (SMCI) is set to be removed from the Nasdaq 100 Index, a change scheduled to take effect before the market opens on December 23, 2024.The announcement has already immediately impacted the company’s stock, with shares dropping 15% in pre-market trading at the time of writing. This development comes amidst […]
Euro And Pound Get Some Help From PMI Reads

Euro And Pound Get Some Help From PMI Reads

Image Source: Unsplash  Solid preliminary PMI data out of the Euro area helped to keep the Euro supported into dips, though overall, we haven’t seen all that much activity in markets thus far on Monday. The focus now shifts to the North American session where we get US flash PMIs, empire manufacturing and Canada housing starts.Video […]
How 10-Year Treasury Yields Have Changed This Interest Rate Cut Cycle

How 10-Year Treasury Yields Have Changed This Interest Rate Cut Cycle

We are 62 days in from the first Fed rate cute this cycle. Let’s compare treasury yields to other cycles.Data from the US Treasury, chart by Mish The above chart compares the reaction of 10-year treasury yields for 120 business days starting the day before the first rate cut in each cycle.10-Year Treasury Yield Change […]
Silver Price Forecast: XAG/USD Finds Support At $30.30 To Trim Some Losses

Silver Price Forecast: XAG/USD Finds Support At $30.30 To Trim Some Losses

Silver Prices (XAG/USD) are trading in a mild positive bias on Monday, trimming some losses after the rejection from levels above $32.00 last week. A mild retreat in US Treasury yields is supporting precious metals on Monday but the overall picture shows the pair vulnerable.The daily chart reveals a sharp reversal pattern last week, which triggered […]