Category Archive: Finance, No picture
Indonesia: Trade Figures Show Signs Of Strain
Image Source: Pexels Exports and imports both weaken Indonesia’s September trade figures missed market expectations, with exports and imports falling in USD from the previous month, and annual growth rates falling. August’s export numbers were also revised lower. Exports in September fell to USD 22.1bn, a fall of USD 1.5bn. Imports were also softer, falling USD […]
US spot Bitcoin ETFs hit $1 billion inflows in three days, BlackRock and Fidelity lead
Key Takeaways US spot Bitcoin ETFs accumulated $1 billion in three days. This record growth indicates strong market demand for Bitcoin investments. Share this article US spot Bitcoin ETFs have seen a major surge in net purchases, totaling over $1 billion in the last three trading days, according to Farside Investors. Fidelity and BlackRock have […]
Index Signs
Image Source: PexelsIt was a very interesting Tuesday. Let’s look at five index charts. The first, the Nasdaq Composite, blew past its price gap Monday, only to fall back below the gap Tuesday. Not only is it a failed bullish breakout, it is also a bearish engulfing pattern.The exact same thing can be said for Nasdaq 100. What will it take […]
All Hail The Fed – A New Day Dawns
Image Source: PexelsALL HAIL THE FED! As investors continue to gobble up stocks and the dollar prices of most assets continue to climb, it would appear that all is well. Concerns about weakening economic activity and recession have been moved to the back burner. Now, the focus is squarely on inflation.Investor expectations for inflation are being rekindled […]
Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton
Key Takeaways John Deaton sees Bitcoin as a revolutionary tool that can help people avoid predatory fees associated with traditional banking systems. He believes that Warren’s policies do not align with the needs of the working class and instead favor established financial institutions. Share this article Bitcoin could help eliminate the need for predatory banks […]
Australian Dollar Continues To Lose Ground Despite Hawkish Remarks From RBA Hunter
Image Source: Unsplash The Australian Dollar extends its losing streak due to economic woes in China. RBA’s Hunter indicated that although inflation expectations remain anchored, persistent price growth continues to present challenges for the central bank. The US Dollar appreciates as strong jobs and inflation data have reduced the odds for aggressive easing by the Fed. […]
Asia Morning Bites For Wednesday, Oct 16
Image Source: Unsplash Global Macro and Markets Global Markets: In the US, earnings data was the key driver of markets. Weak earnings for ASML, which makes the world’s most advanced chipmaking machines, triggered a fall in tech stocks. ASML fell 16% and NVIDIA (NVDA) dropped 4.5%. The S&P 500 slipped 0.9% to around 5815. Former President […]
A Tech Snafu Drags US Stocks Down, As Investors Grapple With An Untidy China Market
Image Source: UnsplashMARKETSAs Asian investors gear up to take the baton, sentiment and risk appetite will likely remain subdued after a Wall Street selloff. Despite solid earnings from financial powerhouses like Goldman Sachs (GS), Citi (C), and Bank of America (BAC), concerns over tech stocks and the gloomy global economic outlook are looming large. The tech […]
The Stock Market’s Turning Point Is Near
Image Source: Pexels ASML IMPACTS The Nasdaq 100 fell by 1.5% today, led lower by the semiconductor sector, with the SMH ETF dropping by more than 5%. This decline was driven by a more than 16% drop in ASML, which reported weaker-than-expected bookings for the third quarter and provided a softer-than-expected outlook for 2025.ASML, a stock […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 15
Image Source: UnsplashInteresting day in that a stronger downwind took over from the opening in both the ES and NQ. Starting this morning, I was giving a fair chance for the Call Walls to be broken in both the SPY and the QQQ, and what actually ended up taking place is both ETFs broke below their […]
