Category Archive: Finance, No picture
Verizon’s Third Quarter Revenue Falls Short As Device Upgrades Slow
Image Source: Unsplash Verizon Communications (NYSE: VZ) reported mixed third-quarter results Tuesday, with revenue missing analyst expectations due to declining wireless equipment sales, despite showing growth in its mobility customer base. The telecommunications giant’s stock fell nearly 4% in pre-market trading as investors digested the impact of a $1.7 billion severance charge that weighed on quarterly profits. Verizon Fails to […]
US Dollar Supported While Markets Cool Down Fed’s Rate Cut Expectations
Image Source: Pexels The US Dollar tightens range after a grind higher to a fresh 11-week high. US equities retrace further from all-time highs as the Fed might not cut that much as first anticipated. The US Dollar index trades in a tight range on Tuesday after failing to break above 104.00. The US Dollar (USD) […]
EUR/USD Undermined As Dollar Gains Further Ground Ahead Of US Election
Image Source: Unsplash The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen across the board. With today’s macroeconomic calendar being relatively quiet again, the focus will remain on the […]
AUD/USD Bounces Back From 0.6650 On Firm RBA Hawkish Bets
The AUD/USD pair rebounds strongly from the key support of 0.6650 in Tuesday’s European session. The Aussie pair discovers strong buying interest on expectations that the Reserve Bank of Australia (RBA) will continue with a restrictive monetary policy stance for the remainder of the year.On Monday, RBA Deputy Governor Andrew Hauser cited the strong employment data as a […]
McDonald’s Seasonal Strength Faces 2025’s Economic Headwinds
Image Source: Unsplash McDonald’s, known for its resilience through economic cycles, faces a challenging outlook for 2025, according to its CEO, Chris Kempczinski. With consumer wallets likely to remain stretched, particularly among lower-income customers, the company is focusing on strengthening its value proposition to maintain its market position. This includes offering more affordable meal deals, emphasizing […]
Bitcoin Signal That Led To At Least 70% Surge Has Formed Again
On-chain data shows a Bitcoin signal that has led to at least a 70% rally the last four times has recently formed for the asset once again. Bitcoin MVRV Momentum Has Seen A Bullish Crossover RecentlyIn a new post on X, analyst Ali Martinez has discussed the recent trend in the Bitcoin Market Value to Realized Value (MVRV) […]
September 2024 Snapshot Of Who Owns The U.S. National Debt
The U.S. national debt is a truly large number. With the nation’s total public debt outstanding of $35,464,673,929,171.69 as of the end of its fiscal year on 30 September 2024, the U.S. government is truly indebted to its major creditors.During FY 2024, the U.S. national debt increased by $2.3 billion, or 6.9%, to reach that number. The […]
USD/CHF Depreciates To Near 0.8650, Downside Risk Seems Restrained Due To Higher US Yields
USD/CHF offers its gains from the previous session, trading around 0.8650 during the early European hours on Tuesday. This downside of the pair could be limited as the US Dollar (USD) gained support following a surge in US Treasury yields, which climbed over 2% on Monday. At the time of writing, the 2-year and 10-year US Treasury […]
Polish GDP Expected To Weaken As September Retail Sales Slump
Image Source: Pexels While we had expected third-quarter GDP growth to moderate below 3% year-on-year, from 3.2% in the second quarter, the decline in retail sales in September points to an even weaker economic performance. We revise our third quarter GDP growth forecast to 2.5%YoY (from 2.8%) and see downside risks to the 2024 economic growth […]
Crude Oil Prices Struggle To Break Out As China Demand Remains Sluggish
Image Source: Unsplash Oil prices ease on Tuesday as possible ceasefire talks in the Middle East dampen sentiments. Focus remain on oil demand in China even as the country tries to decarbonize its economy. Middle East conflict has led to no disruption of crude oil from the region so far. Crude oil prices eased Tuesday […]
