Category Archive: Finance, No picture
EUR/GBP Recovers Intraday Losses Ahead Of BoE Policy Decision
The EUR/GBP reverses intraday losses and bounces back to near 0.8300 in the European trading session on Thursday. The cross rebounded strongly after posting a fresh weekly low near 0.8310 ahead of the Bank of England’s (BoE) interest rate decision, which will be announced at 12:00 GMT.The BoE is widely anticipated to cut interest rates […]
EUR/JPY Remains Depressed Near 165.70, Bulls Have The Upper Hand While Above 200-day SMA
The EUR/JPY cross struggles to capitalize on the previous day’s goodish bounce from levels just below the 165.00 psychological mark and attracts fresh sellers on Thursday. Spot prices remain depressed through the first half of the European session and currently trade around the 165.70-165.65 area, though lack follow-through and remain confined in a familiar range […]
Daily Market Outlook – Thursday, Nov. 7
Image Source: Unsplash Asian equities markets saw mixed results Thursday as investors weighed the potential effects of a second Donald Trump presidency. They also eye the U.S. Federal Reserve and other major central banks’ monetary policy decisions due today. All three major U.S. share indexes surged to record highs, but Asia did not experience significant increases, despite […]
New Home Affordability Crisis Now 30 Months Old, Younger Americans Priced Out
Mortgage rates fell to their lowest level since early 2023. Despite that happening, the relative affordability of new homes was almost unchanged from the previous month because their prices rose. For a household earning the median household income, the average mortgage payment for a new home would consume 38% of its pre-tax income.That puts the affordability […]
How American Households Have Changed Over The Last 65 Years
The composition of American households has shifted significantly since 1960 as fewer people have kids and the scale of economic resources has declined.Today, the number of households without kids exceeds those with kids, a trend that first emerged in 2014. In addition, single-person households have broadly continued to incline, reaching 29% of the total last year. This figure […]
FX Daily: Back To The Central Bankers
Image Source: Unsplash After a day dominated by the resounding success of the Republican party, FX markets today return to the more familiar territory of central bank policy meetings. These take place in the US, UK, Sweden, Norway, and the Czech Republic. Rate cuts are expected in all but one of these gatherings. After gains yesterday, […]
BlackRock records largest single-day outflow, but Bitcoin ETFs still post $622 million gains
Key Takeaways US spot Bitcoin ETFs break a three-day losing streak with $622 million in net inflows on November 6. Despite BlackRock IBIT’s largest outflow day, several ETFs, including Fidelity and ARK, led gains with substantial inflows. Share this article US spot Bitcoin ETFs attracted approximately $622 million in net inflows on November 6, ending […]
Breaking Down The Q3 Earnings Season Scorecard Magnificent 7 Generates Sustainable Earnings Growth
Image Source: Unsplash Total Q3 earnings for the 399 S&P 500 members that have reported results through Wednesday, November 6th, are up +6.9% on +5.2% higher revenues, with 73.9% beating EPS estimates and 61.4% beating revenue estimates. Earnings growth is expected to accelerate after the modest growth pace in Q3, with double-digit earnings growth projected […]
Polymarket faces potential ban in France amid gambling concerns
Key Takeaways Polymarket has come under scrutiny from France’s gambling regulator. Polymarket has facilitated over $3.2 billion in bets, raising legal concerns in France. Share this article France is considering restricting access to Polymarket amid concerns over unlicensed gambling activities, as reported by The Big Whale, a French web3-focused publication, on Wednesday.Polymarket’s model of betting […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Nov 6
Image Source: UnsplashI would say that I was glad to be late in preparing and posting yesterday’s update in that the surge higher broke a level in the S&P which invalidated and continuing minute 4 wave count and set us up for what turned into a massive across-the-board rally in equities. Had I been more ‘on […]
