Category Archive: Finance, No picture
Australian Dollar Loses Ground Despite The Hawkish RBA, Inflation Data Awaited
Image Source: Unsplash The Australian Dollar falls as the US Dollar remains solid amid a resilient US economy. The Aussie Dollar may limit its downside as an RBA rate cut is unlikely in the near term. The US Dollar appreciates as recent positive US data supports the sentiment of nominal rate cuts by the Fed. The […]
Asia Open: Walking On Eggshells
Image Source: UnsplashMARKETSStocks got a lift Monday as Middle East tensions simmered down. Israel’s weekend response to Iran, limited to a handful of military targets, managed to sidestep oil infrastructure and civilian sites, helping dial back the recent geopolitical risk premium. Oil’s 6% drop might have had bond traders dancing in their seats, but stocks rallying […]
How To Play Mag 7 Earnings
Image Source: Unsplash This is the biggest week of earnings season, with more than a third of S&P 500 companies reporting, including five of the “Magnificent 7” stocks.After a blockbuster rally in the first half of the year, big tech stocks took a breather in the third quarter but are now leading the market again. The […]
Bitcoin miners accumulate as key indicator hints at price rally
Key Takeaways Bitcoin miners are accumulating BTC, indicating optimism for a price rally. The MPI remains low, suggesting miners are holding their positions for potential gains. Share this article Bitcoin miners hold as the Miner Position Index (MPI) indicator points to a potential price rally. The MPI, which tracks miners’ Bitcoin movements to exchanges, is […]
Mixed Up Market As Oil Slips And Bonds Dip
Image Source: Unsplash The S&P 500 finished modestly higher as crude oil slipped over 5% on the day. With oil down, you would think that U.S. Treasury bonds would be up as the inflation monster is further tamed. If that was your thought process, you would be wrong!While oil is only surface level analysis on the […]
Will Cardano Decline Despite Uptick In TVL And Trading Volume?
Image Source: Pexels Cardano (ADA) is currently at a crossroads as its price hovers around $0.33, nearing one-year lows.Over the past month, ADA has seen a notable decline of 16.5%, with the market sentiment becoming increasingly bearish. On-chain metrics point to a bearish sentiment for Cardano On-chain metrics paint a grim picture, with daily active addresses […]
Ford Motor Company Q3 Earnings Meet Estimates
Image Source: Unsplash Ford Motor Company (F – Free Report) came out with quarterly earnings of $0.49 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.64 per […]
Irrational Exuberance Redux?
Image Source: Unsplash Are investors exhibiting irrational exuberance around stock valuations and economic growth?Video Length: 00:07:19More By This Author:Weekly Recap & DARP Update – Friday, Oct. 25 Extreme Credit Spreads China’s Economic Minsky Moment
MicroStrategy stock hits new high as Bitcoin soars to $69,000
Key Takeaways MicroStrategy’s stock aligns closely with Bitcoin’s market performance, reaching new highs. The company holds over 252,000 BTC, influencing its market strategy and valuation. Share this article MicroStrategy (MSTR) stock just recorded a 25-year high of around $255 after US markets opened on Monday, according to data from Yahoo Finance. The surge came amid […]
Bitcoin ETFs Reached $66 Billion In Holdings Due To Retail Investors
Image Source: Unsplash Since the launch of spot Bitcoin ETFs, the amount of BTC held by exchange-traded funds has reached 961,000. It is worth approximately $66 billion of on-chain Bitcoin holdings.Currently, Bitcoin ETFs hold around 4.86% of the current supply. The news is positive for the cryptocurrency. It has been discussed in the past that a […]
