Category Archive: Cryptocurrency, No picture
VanEck launches Pyth ETN in Europe
Key Takeaways VanEck has launched an ETN tracking the Pyth Network’s native token on Euronext Amsterdam and Paris. The Pyth Network provides high-frequency data and enables smart contracts to interact with off-chain data. Share this article VanEck launched a new ETN in Europe, tracking the Pyth Network’s native token, PYTH, announced in a press release […]
Brent Crude Oil Forecast: Downward Trend To Remain Intact
Image Source: Unsplash Crude oil price held steady on Tuesday as investors’ focus remain fixated on the US presidential elections. In the previous session, WTI futures rallied by over 2% to an intraday high of $71.81 as the market reacted to OPEC+ decision to delay increasing production in December. This is the most the asset has risen […]
This Time Around, All Eyes Are On Congress As Much As The White House
Image Source: Unsplash MARKETSThe S&P 500 surged Tuesday as traders geared up for the high-stakes U.S. presidential election showdown. The broad market index gained nearly 1%, the Nasdaq Composite advanced 1.1%, and the Dow Jones Industrial Average climbed by 332 points (or about 0.8%). With former President Donald Trump and Vice President Kamala Harris in a […]
S&P 500 Earnings Dashboard 24Q3 – Tuesday, Nov. 5
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 7.8%. Excluding the energy sector, the Y/Y earnings estimate is 10.5%. Of the 382 companies in the S&P 500 that have reported earnings to date for 24Q3, 75.9% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.1%. If the energy sector is […]
ETH/BTC hits lowest point in over 3 years, sliding to 0.03508
Key Takeaways ETH/BTC trading pair has reached its lowest level in over three years, falling to 0.03508. Historical patterns suggest that Ethereum may experience further declines against Bitcoin. Share this article Ethereum’s valuation against Bitcoin (ETH/BTC) has reached a new low of 0.03508, at the time of writing, marking its lowest level since April 2021.ETH/BTC […]
Precious Metals Weekly Market Update – Election Day
In 2016, Donald Trump entered the election as the underdog against Hillary Clinton. The expectation was that if he managed an unlikely victory, gold prices would surge due to his potential to disrupt the establishment and implement foreign policy changes that, at the time, appeared at odds with the status quo of the Obama administration.However, […]
SEC’s Crypto Mom emerges as favorite to replace Gensler under Trump
Key Takeaways Trump plans to dismiss SEC Chair Gensler if elected in 2024, while Hester Peirce has emerged as a potential successor. Peirce has criticized Gensler’s crypto regulation and has support from the industry for her chairmanship. Share this article With the US elections underway, SEC Commissioner Hester Peirce has emerged as a potential successor […]
Swift, Chainlink and UBS pilot brings tokenized assets to traditional finance systems
Key Takeaways Swift, UBS, and Chainlink completed a pilot for fiat settlement of tokenized fund transactions across Swift’s network. The initiative aims to improve efficiency in the $63 trillion global mutual fund market by integrating blockchain technology with existing systems. Share this article Swift, UBS Asset Management, and Chainlink have completed a pilot project enabling […]
What To Expect From The Stock Market After The Election
Image Source: Unsplash I’m going over what you can expect from the stock market as a result of the 2024 election on Tuesday night. The elections tend to be extremely volatile for the stock market resulting in major moves in both directions. Here I’ll go over what you can expect from the stock market.Video Length: 00:07:21More […]
Dividends By The Numbers In October 2024
October 2024 proved to be a net negative month for the dividend paying firms of the U.S. stock market.Although we’ve seen the positive development of eleven fewer firms announcing they will either cut or suspend their dividends when compared with the same month a year earlier, this improvement in unfavorable dividend actions has coincided with […]
