Category Archive: Finance, No picture
FX Daily: This Isn’t A Mini-Budget Rerun For Sterling
Image Source: Unsplash Sterling and gilts took a hit yesterday, but we don’t think the content of the UK budget and market conditions mean the pound will re-experience the kind of turmoil from the 2022 mini-budget. In the US, payrolls are seen declining, but markets will consider carefully the effect of severe weather events, and the […]
AUD/JPY Inches Lower To Near 100.00, Upside Potential Remains Supported By Hawkish RBA
Image Source: Unsplash AUD/JPY may regain its ground as the RBA is widely expected to maintain a hawkish policy outlook. China’s Caixin Manufacturing PMI increased to 50.3 in October, from September’s 49.3. The au Jibun Bank Japan Manufacturing PMI declined to 49.2 in October, from 49.7 in September. The AUD/JPY pair remains subdued for the […]
BlackRock Bitcoin ETF logs $318 million net inflows despite BTC price dip
Key Takeaways BlackRock’s Bitcoin ETF attracted $318 million in net inflows despite a 4% Bitcoin price drop. IBIT’s recent growth contributes to US spot Bitcoin ETFs surpassing 1 million Bitcoin in holdings. Share this article BlackRock’s spot Bitcoin ETF, the IBIT fund, continues to be a preferred option for financial investors. The fund attracted around […]
WTI Remains Above $70.00, Upside Potential Appears Due To Rising Middle-East Tensions
Image Source: Unsplash WTI price gained ground due to rising geopolitical tensions amid reports that Iran may attack Israel. Israeli intelligence believes Iran intends to launch numerous drones and ballistic missiles before the US presidential election. US Oil production increased by 1.5% in August, reaching a monthly record high of 13.4 million barrels per day. West […]
Asia Morning Bites For Friday, Nov 1
Image Source: Unsplash Global Macro and Markets Global Markets: Outside of the UK, bond yields did not see much change yesterday. US 2Y yields were down 1.2bp to 4.17%, and the 10Y yield was down 1.6bp to 4.28%. Yields in the Eurozone were little changed, with German and French 10Y yields both down 0.1bp to 2.38% […]
Markets Slide Into Red On Halloween; Plus AAPL, AMZN, INTC Report
Image Source: UnsplashWe thought it was safe to call today’s trading session in the pre-market hours “un-spooky” for Halloween. This was based on calm PCE data for September, lower-than-expected jobless claims and Q3 earnings reports that were mostly better than expected.So what happened? Our best guess is re-pricing, based on what we know from the economy […]
Stocks Shatter Rising Wedge Uptrend Ahead Of The Unpredictable Job Report
Image Source: UnsplashStocks finished the day lower as technology stocks took a hit following Microsoft (MSFT) and Meta’s (META) results. Amazon (AMZN) and Apple (AAPL) report results tonight, and whether those will help much tomorrow is unclear. AWS revenue was in line, while Apple offered relatively weak guidance for next quarter’s sales.Tomorrow, we also get the jobs […]
Australian Dollar Declines After US Data And Aussie Retail Sales
Image Source: Unsplash US PCE Prices Index remained steady in September, as well as the core measure. US jobless claims fell to 216K in the week of October 25. Retail Sales in Australia grew in September slightly below expectations. The AUD/USD declined by 0.45% to 0.6545 in Thursday’s session, remaining near an 11-week low of 0.6540 […]
Altcoin season unlikely before 2025, says crypto analyst Benjamin Cowen
Key Takeaways Bitcoin’s market dominance has reached 60%, suggesting altcoins may not rally until 2025. Altcoin rallies historically follow strong Bitcoin rallies, but a parabolic Bitcoin run is needed for this. Share this article Benjamin Cowen, predicts that a full-fledged altcoin season may not materialize until 2025, attributing this to the current strength in Bitcoin […]
Amazon Surpasses Q3 Earnings And Revenue Estimates
Image Source: Unsplash Amazon (AMZN – Free Report) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.44%. A quarter ago, it was expected […]
