Category Archive: Finance, No picture
Asia Week Ahead: Tokyo Inflation Takes Center Stage
Image Source: Unsplash Tokyo inflation data may be the data point to watch in the coming week, as it could meaningfully influence the timing of the Bank of Japan’s next move. We also have Korean GDP data, Taiwan export orders and Singapore industrial production to look at. China will be relatively quiet following the recent data dump. Japan: Tokyo CPI […]
USD/CAD Consolidates Near 1.3800 Ahead Of Fed Speakers
The USD/CAD pair trades in a tight range near the round-level resistance of 1.3800 in Friday’s European session. The Loonie pair trades sideways as investors await speeches from a slew of Federal Reserve (Fed) officials, who are scheduled to speak in the North American session.Fed policymakers such as Atlanta Fed Bank President Raphael Bostic, Minneapolis Fed Bank President […]
Colgate-Palmolive (CL) Dividend Stock Analysis
Image Source: Unsplash Linked here is a detailed quantitative analysis of Colgate-Palmolive (CL). Below are some highlights from the above linked analysis:Company Description: Colgate-Palmolive Company (Colgate) is a major consumer products company that markets oral, personal, and household care and pet nutrition products in more than 200 countries and territories.Fair Value: In calculating fair value, I consider the NPV MMA […]
FX Daily: Dollar Momentum Continues To Build
Image Source: Unsplash Above-consensus US retail sales and a dovish cut by the ECB are adding fuel to the dollar rally. USD/JPY above 150 will retest Japanese officials’ patience, while cable’s relative resilience may not last long. EUR/USD downside risks extend to 1.07 in the near term when adding potential defensive positioning ahead of the US […]
EUR/JPY Holds Ground Around 162.50, Downside Risks Emerge After Verbal Interventions
Image Source: Unsplash EUR/JPY remains steady with downside risks amid verbal intervention from Japanese authorities. Japan’s Atsushi Mimura stated that recent Yen movements have been “somewhat rapid and one-sided.” The Euro faced challenges as the ECB reduced its Rate on Deposit Facility to 3.25%. The EUR/JPY pair remains stable around 162.60 during early European trading on […]
Dogecoin soars 10% as Elon Musk unveils D.O.G.E initiative in first campaign swing for Trump
Key Takeaways Elon Musk’s introduction of D.O.G.E at a Trump rally led to a 10% increase in Dogecoin’s value. Musk’s campaign contributions are seen as a major influence on Dogecoin’s market performance. Share this article Dogecoin was up around 10% after Elon Musk unveiled his “Department of Government Efficiency” (D.O.G.E) during his first campaign swing […]
Rates Spark: Markets Now Contemplating A 50bp December ECB Cut
Image Source: PexelsThe ECB cut the deposit rate by 25bp as expected, but the communication was more dovish than anticipated, with unanimous support for the decision. Markets now price in a 25% chance of a 50bp cut in December, which seems overly ambitious but we wouldn’t push back until the US elections. Global dynamics still drive […]
TSLA: What To Do In The Wake Of Its “Disappointing” Robotaxi Day
Image Source: PexelsThe markets continue to rack up gains. Makes sense. The latest Producer Price Index (PPI) allayed fears that Fed Chair Jerome “JPow” Powell will get antsy. Put another way, the CPI was “hot,” but the PPI was “not.” Now, I want to talk about the real reason Tesla Inc. (TSLA) dropped after its Robotaxi event.Right on cue, Tesla CEO Elon […]
SEC targets Ripple’s XRP sales on exchanges, distributions of XRP to employees in new filing
Key Takeaways The SEC’s appeal does not contest XRP’s classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC’s claims against Ripple’s XRP transactions. Share this article The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital […]
Australian Dollar Holds Ground After The Release Of China GDP Data
Image Source: Unsplash The Australian Dollar rises as the solid employment data diminish the odds of RBA’s rate cuts in 2024. China’s Gross Domestic Product reported a 4.6% growth YoY in Q3, compared to the previous 4.7% reading. The US Dollar received support from a solid US Retail Sales report, fueling the likelihood of the Fed delivering […]
