Author Archive: Jeremy Parkinson
Ripple’s RLUSD stablecoin set to launch Tuesday as XRP token jumps 8%
Key Takeaways Ripple announces RLUSD stablecoin launch for December 17, 2024. XRP token surges 8% on RLUSD news, reaching $2.56 with a $146 billion market cap. Share this article Ripple has officially announced that its USD-backed stablecoin, Ripple USD (RLUSD), will launch on Tuesday, December 17, 2024.Initially, the stablecoin will be available on exchanges including […]
Market Insights: AI, Drones, And Big Data Stocks To Watch Now
Image Source: Unsplash Market Insights and Top Stock Picks: December 16, 2024 As we approach year-end, the markets are buzzing with activity, and today is no exception. Below, we’ll break down the macro environment and highlight the top stock picks of the day, analyzed using StoryTrading’s signature 4-pillar strategy: ⚡ Catalysts, ❤️ Sentiment, 📊 Fundamentals, and […]
Asian Stock: LT Group Incorporated
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: LT Group IncorporatedBloomberg ticker: LTG PMMarket cap: US$1,890mBackground: LT Group Incorporated is one of the largest conglomerates in the Philippines and was founded in 1937. LTG invests in the banking industry with PNB bank; in tobacco, with […]
How Germany Destroyed Its Economy And How To Fix It
Image Source: Pexels The German economy was once a global industrial powerhouse, showing strong resilience in times of crisis as well as significant productive growth in periods of expansion.Germany displayed robust industrial activity, solid productivity, and enviably low unemployment levels, which added to real high wages. However, in the past five years, the economy has stagnated, and its […]
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
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
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
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%
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
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 […]
