Category Archive: Cryptocurrency, No picture
German banking giant develops Ethereum L2 using ZKsync
Key Takeaways Deutsche Bank is developing a layer 2 blockchain solution on Ethereum powered by ZKsync technology. The project’s aim is to address regulatory challenges for financial institutions using public blockchains and provide more efficient transactions. Share this article Germany’s largest bank Deutsche Bank is developing an Ethereum layer 2 network using ZKsync technology to […]
General Mills Beats Market Expectations In Q2, Updates Full Year Outlook
Image Source: Unsplash In the second quarter of fiscal 2025, General Mills, Inc. (NYSE: GIS) reported notable growth, reflecting a solid performance across its segments. Net sales increased by 2% to $5.2 billion, with organic net sales rising by 1%.The company achieved an impressive 33% increase in operating profit, amounting to $1.1 billion, and a 39% rise in […]
Gold Holds Steady As Investors Await Federal Reserve’s Rate Decision
Image Source: Unsplash Gold prices are hovering around 2,650 USD per troy ounce as investors remain cautious, conserving their energy for a potential move depending on the US Federal Reserve’s rate decision later tonight. The predominant market expectation is a 25-basis-point cut in interest rates, but there’s significant uncertainty about the Fed’s monetary policy trajectory for […]
The Dow Jones Has Fallen For 9 Consecutive Trading Sessions
Image Source: Unsplash As of Tuesday’s close, the Dow Jones Index (US30) was down -0.61%, extending its losing streak to nine sessions. The S&P500 index (US500) was down -0.39%. The Nasdaq Technology Index (US100) lost -0.43%. The US stocks declined on Tuesday as markets refrained from opening risky positions ahead of tomorrow’s Federal Reserve decision. After […]
FX Daily: Cautious Fed Cut Shouldn’t Interfere With Strong Dollar
Image Source: Unsplash We expect the Federal Reserve to deliver a consensus 25bp cut today, but also to scale back on guidance for rate cuts next year. We think this will allow the dollar to stay firm into year-end as wide differentials remain highly favorable for the greenback. UK inflation rose as expected in November, which only […]
Is Broadcom A Better Stock To Buy Than Nvidia?
Image Source: UnsplashA big earnings report last week from Broadcom (AVGO – Free Report). The company reported EPS of $1.42 on revenues of $14.1 billion. That beat on the bottom line though inline with revenue expectations. The company raised its dividend by 11% while commenting that its AI revenues for the year have more than tripled. The company is developing custom […]
Ford Stock Is Headed For Further Struggles In 2025
Image Source: Unsplash Jefferies analyst sees further downside in Ford stock to $9.00 in 2025. Philippe Houchois explained why in a research note on Monday. F share price has already lost nearly 30% over the past six months. Ford Motor Co (F) could find “mild relief” as President-elect Donald Trump eases emissions regulations next year, as […]
Fed expected to make third rate cut today—here’s what to expect
Key Takeaways The Fed is expected to lower interest rates by 25 basis points to a range of 4.25% to 4.5%. Increased market instability is possible as the event looms. Share this article The Federal Reserve is scheduled to announce its interest rate decision during its meeting on Wednesday. Economists widely predict that the Fed […]
Gold Price Extends The Range Play As Traders Keenly Await Fed Rate Decision
Image Source: Unsplash Gold price lacks any firm intraday direction and oscillates in a narrow band on Tuesday. Bets for a less dovish Fed, elevated US bond yields and a bullish USD cap the XAU/USD. Traders keenly await the FOMC policy decision to determine the near-term trajectory. Gold price (XAU/USD) remains depressed through the first half […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 17
Image Source: UnsplashThe S&P and Nasdaq are beginning to diverge from each other in terms of their EW counts. I discuss tonight the potential that the S&P 500 may have completed all legs up to complete the Intermediate 3rd wave. While I continue to keep that count and thought on the “shelf” I feel it is […]
