Category Archive: Finance, No picture
NZD/USD Hits Four-Week Low Amid US Dollar Strength
Image Source: Unsplash The NZD/USD pair dropped to 0.5988 this Friday, marking a potential close lower for the fourth consecutive week. The strength of the US dollar continues to dominate the currency pair, fuelled by expectations of a moderate interest rate cut by the Federal Reserve and persistent demand for the USD amid geopolitical tensions in […]
NZD/USD Falls To Near 0.6000 Ahead Of Michigan Consumer Sentiment Index
Image Source: Unsplash The NZD/USD pair reaches the 10-week low of 0.5987 on Friday. Michigan Consumer Sentiment Index is expected to come in at 69.0 in October, against its previous 68.9 reading. ANZ-Roy Morgan Consumer Confidence index fell to 91.2 in October, breaking a three-month upward trend. The NZD/USD pair has given up recent gains from the […]
FX Daily: The Dollar’s Rally May Only Be On Pause
Image Source: Unsplash The dollar lost some ground yesterday on a correction lower in Treasury yields, but upside risks from the US election persist. Donald Trump’s seemingly stronger momentum should translate to higher implied volatility and a supported dollar. The election result may also have implications for the ECB’s decision on whether to cut 25 or 50bp […]
US government may fall victim to $20 million crypto hack
Key Takeaways Over $20 million in Ethereum and stablecoins were stolen from a US government-controlled wallet. The theft is connected to the wallet involved in the 2016 Bitfinex hack. Share this article The US government may have suffered a $20 million exploit that targeted its crypto wallet on October 24, according to reports from Arkham […]
Gold Has Finally Broken A “Real” Record
Image Source: UnsplashJust last week, gold finally broke a “real” record that’s been in place since 1980.“Now, wait a minute,” you might be thinking. “I’ve been hearing about new record gold prices since last spring. What in the world are you talking about?” Well, you’re right. In nominal dollar terms, gold has been breaking records seemingly week […]
Tesla Triumphs While US Bond Yields Hit The Brakes
Image Source: UnsplashMARKETSOn Thursday, markets breathed a much-needed sigh of relief as the corporate earnings spotlight shifted to Tesla (TSLA), delivering a mega-cap surprise, sending the stock soaring to nearly 22%. This was Tesla’s best day since 2013, as Q3 results outpaced expectations, and Elon Musk’s vague but bullish promise of “20% to 30% growth next year” […]
Traders Swapping Nvidia For Tesla Can Have Big Market Impacts
Image Source: UnsplashThe S&P 500 finished up around 20 bps, while the Nasdaq 100 closed up by around 80 basis points. Most of the movement in both indices can be attributed to Tesla, which rose by about 20% today. The Bloomberg 500 likely provides the clearest breakdown of the price action, allowing us to see the individual stock impacts on the broader market.(BLOOMBERG)With Tesla’s (TSLA) stock surging, Nvidia (NVDA) […]
U.S. Debt Nears $36 Trillion As Asset Inflation Keeps Economy Afloat
Image Source: Unsplash In the latest Money Metals Midweek Memo, host Mike Maharrey highlights the growing U.S. national debt, which now exceeds $35.7 trillion. Maharrey begins the episode with a reference to the Apollo 13 mission, saying, “Washington, we have a problem.” He draws parallels between the crisis faced by astronauts and the fiscal disaster Washington is ignoring. Unlike […]
It’s All About Oil And Energy Versus Gold And Inflation
Image Source: Unsplash What a week – after fighting up to all time highs, it’s like the market keeps banging its head on higher highs and then shrinking away. It’s done that every single day this week, not really selling off, but not powering through, either.There’s a lot of low volume, and when you couple that […]
SEC requests extension in Ripple case to January 2025
Key Takeaways The SEC has requested to extend the Ripple case deadline to January 2025. Ripple’s CEO criticizes SEC’s perceived overreach in ongoing legal matters. Share this article The SEC has filed a request for an extension in its ongoing appeal case against Ripple Labs, seeking to move the deadline for its principal brief to […]
