Category Archive: Finance, No picture
Markets More Cautious Into North American Session
Image Source: Unsplash The tone in markets as we come into the North American session this Thursday is slightly downbeat. Chinese housing market concerns could be playing a factor after house prices registered their largest fall in eight years.Video Length: 00:01:04More By This Author:Three Concerns About The Risk On Run Major Currencies Cool Off Market Responds […]
Solana-Based Bonk Rallies 200%, Notable Growth Anticipated For Vechain & Inqubeta
Invеstors and cryptocurrency beginners have both witnessed an incredible dеvеlopmеnt in thе markеt recently. Bonk (BONK), a mеmе coin basеd on Solana, has sееn an extraordinary surgе, rising by a whopping 200%. Not only has thе cryptocurrеncy community taken noticе of this rally, but it has also gеnеratеd curiosity about thе possiblе еxpansion of othеr crypto tokens, most notably Vеchain’s […]
Dollar Consolidates Amid Rate Volatility
The dollar is consolidating its recent moves as interest rate swings continue. The US two-year yield has traded in a nearly 28 bp range in the first two sessions this week, and near 4.88% now, it is 18 bp lower since last Friday’s close. The 10-year yield is slipping below 4.50%. It reached almost 4.70% […]
Nvidia: Upside To Be Capped?
Image Source: Unsplash Bloomberg reported yesterday that Nvidia could be flashing signs of overheating. The reason that Bloomberg considers Nvidia to be overbought is based on the fact that the shares have climbed over 230% since the start of the year, and they are currently in overbought territory on the RSI index. So does this mean […]
Current Analysis: GSK Plc
Image Source: Unsplash In the pharmaceutical industry, GSK PLC (GSK) ranks as one of the largest companies by total sales.The company wields its might across several therapeutic classes, including respiratory, cancer, and antiviral, as well as vaccines.GSK uses joint ventures to gain additional scale in certain markets like HIV.The company was formerly known as GlaxoSmithKline plc […]
Euro Recovers Mildly To Around 1.0860 Ahead Of Lagarde Speech, US Data
Photo by Ibrahim Boran on UnsplashThe Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday.The Greenback alternates gains with losses around 104.40 when tracked by the USD Index (DXY) amidst declining US yields across the board and firmer market chatter around the […]
Asia Morning Bites For Thursday, November 16
Image Source: UnsplashGlobal Macro and Markets Global markets: A mixed run of US data yesterday resulted in Treasury yields pushing higher again. 2Y yields rose 7.6bp to 4.912%, while yields on 10Y US Treasuries rose 8.4bp taking them back above the 4.50% level to 4.531%. EURUSD has dropped slightly following this yield reversal but remains at 1.0849 […]
Q3 2023 European And US Cannabis Update
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Image Source: UnsplashThe always-exciting cannabis industry got a few big doses of positive news from regulatory agencies worldwide in Q3 2023. Although the stock market spiked, only a few good European Union deals made news […]
CHFJPY Impulse Structure Should Extend Higher
Image Source: UnsplashCHFJPY continues to make a sequence of higher high suggesting the pair is in a bullish market. Recent impulsive move higher looks incomplete and pair should continue to extend higher. Sequence from 10.3.2023 low is in progress as an impulse Elliott Wave structure. Up from 10.3.2023 low, wave 1 ended at 168.41 and dips in […]
Stocks Stall As Yield Curve Normalization Process Takes Another Step Forward
Image Source: UnsplashStocks finished flat today, following the slightly stronger-than-expected retail sales and weaker PPI data. Overall, yields and the dollar rose, which helped hold the S&P 500 to a gain of only 16 bps. Additionally, we continue to see yield curve normalization as the 10-year rate moved higher than the 5-year rate and back into […]
