Category Archive: Finance, No picture
HOOD Jumps As Robinhood Markets Debuts US Election Trading
Popular trading app Robinhood Markets launched presidential election trading on Monday.Popular trading platform Robinhood Markets (NASDAQ: HOOD) announced its entry into presidential election trading on Monday, October 28, 2024, allowing U.S. citizens to trade contracts tied to either Kamala Harris or Donald Trump through its Robinhood Derivatives unit and ForecastEx, operated by Interactive Brokers.The move comes just […]
S&P 500 Retreats As Bearish Change In Interest Rates Scares Bulls
Even though the U.S. Federal Reserve cut short term interest rates in the U.S. by a half point last month, longer term interest rates seem to have other ideas. Those rates increased in the past week. The bearish change spooked investors into backing off some of their recent bullish investments in stocks that would benefit from falling interest rates.That […]
Japan’s LDP Loses Majority, Sending Yen Lower
Image Source: Unsplash Overview: The next couple of weeks in the capital markets are likely to be tumultuous, and the loss of the LDP majority in Japan get it started. The yen gapped lower amid the immediate uncertainty. The yen is off about 0.5% toward the middle of today’s range. Leaving aside the Scandis, where are mixed, […]
EUR/USD Weakens Amid Global Economic Uncertainty And Strong US Dollar
Image Source: Unsplash The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The appeal of the US dollar is bolstered by rising US government bond yields and positive consumer confidence indicators from the University of Michigan, which reported a rise to 70.5 points in October, […]
Oil Is Under Selling Pressure
Image Source: Unsplash At the end of Friday, the Dow Jones Index (US30) fell by 0.61% (for the week -2.56%). The S&P 500 Index (US500) fell by 0.03% (for the week -0.85%). The NasdaqTechnology Index (US100) closed positive 0.59% on Friday (for the week +0.35%). The yield on 10-year US Treasuries rose to 4.27% on Monday, […]
EUR/GBP Jumps Closer To Mid-0.8300s, Upside Potential Seems Limited
Image Source: Unsplash EUR/GBP gains some positive traction after comments from ECB’s Pierre Wunsch. Bets for more aggressive ECB rate cuts might keep a lid on any meaningful gains. Traders also prefer to wait for the German and Eurozone CPI reports later this week. The EUR/GBP cross attracts some buyers following an intraday dip to […]
US Dollar Retains US Election Risk Bid
Image Source: Unsplash US election risk is front and center and the US Dollar has been a prime beneficiary, partially on the uncertainty and partially on polls that show Trump gaining ground. The market expects Trump policies of trade tariffs and domestic tax cuts will lead to more broad based US Dollar demand.Video Length: 00:00:58More By […]
FX Daily: Dollar Hegemony Intact
Image Source: Unsplash It looks like Donald Trump is edging ahead in opinion polls – although the outcome of next week’s election remains a toss-up given the polling margin of error. Financial markets, however, seem to be pricing a clean Republican sweep. This week has a jam-packed data calendar and we see little to challenge the dollar’s […]
U.S. Bitcoin ETFs Purchase Five Times More BTC Than Miners Produced In A Week
Image Source: Unsplash Spot Bitcoin exchange-traded funds (ETFs) are experiencing one of their strongest months since launching in January 2024, with inflows surpassing $3 billion so far in October.This surge in demand has led ETF issuers to purchase Bitcoin at levels far exceeding the newly mined supply. US Spot Bitcoin ETFs Amass 45,000 BTC in October […]
Asia Open: Bracing For A Tilt-The-World Week
MARKETSIt’s a Tilt-the-World week for global markets, starting with a seismic jolt in Japan. Prime Minister Shigeru Ishiba’s loss of a parliamentary majority has upended decades of political dominance by the Liberal Democratic Party, sending shockwaves through markets. This political earthquake could leave the yen and the Nikkei reeling, with local investors diving into Japanese […]
