Category Archive: Cryptocurrency, No picture
$2.4 billion may re-enter crypto markets following FTX repayment, suggest analysts
Key Takeaways Estimated $2.4 billion from FTX repayments could reenter the crypto market. The plan could provide a positive boost to the crypto market, but the impact may be limited and gradual. Share this article K33 analysts estimate that around $2.4 billion may be reinvested in crypto markets following the implementation of FTX’s reorganization plan. […]
FTSE Suffers As Still No Further Details Given About China Stimulus
Image Source: Pexels After a much awaited news conference by China’s National Development and Reform Commission fell short of hopes for greater stimulus, U.K. markets dropped on Tuesday.Rising borrowing rates in the United Kingdom in recent days also presented difficulties for the government, which plans to present its budget at the end of the month. Reaching […]
PepsiCo Is Finishing A Bullish Triangle
Image Source: Pexels PepsiCo (PEP) is trading mostly sideways this year between 190 – 150 levels, but it looks like a consolidation within bullish trend. We see it as a bullish ABCDE triangle formation in wave (4) that be coming to an end with final wave E after recent earnings report. So, as soon as bullish triangle fully completes, […]
Gold ETFs Heating Up
Recently, I’ve highlighted the significant and consistent buying of gold by central banks, driven largely by macroeconomic and geopolitical risks. Today, we turn our attention to the recent performance of gold ETFs, which has also been noteworthy and supportive of gold prices.Gold ETFs play a crucial role in the overall gold market. They are second […]
USD/JPY Recovers Intraday Losses As US Dollar Strives To Rise Further
The USD/JPY recovers its intraday losses and returns to the day’s high of 148.20 in Tuesday’s North American session. The major gains as the US Dollar (USD) strives to extend its upside. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near a seven-week high of 102.50.The US Dollar’s […]
Crypto.com receives Wells Notice from SEC
Key Takeaways Crypto.com has filed a lawsuit against the SEC over its crypto regulations. The company challenges the SEC’s rule that treats most crypto transactions as securities. Share this article Crypto.com confirmed Tuesday it received a Wells Notice from the US Securities and Exchange Commission (SEC). In response, the company initiated a lawsuit against the […]
GBP/JPY Climbs Back Into Positive Territory After Japanese Wage Data Misses Estimates
GBP/JPY climbs back into positive territory just above 194.00 on Tuesday, as the Pound Sterling (GBP) makes a mild recovery against the Japanese Yen (JPY) which depreciates after the release of lower-than-expected Japanese wage data for August. Japanese Labor Cash Earnings rose 3.0% in August on a year-over-year basis, which is lower than the 3.1% estimated […]
Barreling Down. The Energy Report
Our prayers are going out to Florida as a massive storm that could be the worst storm in 100 years approaches and one my friend Robert Ray at Fox Weather says is the scariest storm of his illustrious hurricane tracking career that goes back to Katrina. Robert points out that already Florida gas stations are […]
PepsiCo Reports Resilient Third-Quarter Core EPS Of $2.31 Amidst Challenges
In the third quarter of 2024, PepsiCo faced challenges with a slight decline in net revenue, but managed to increase core EPS to $2.31.In the third quarter of 2024, PepsiCo (PEP) reported a slight decline in net revenue, with a decrease of 0.6% compared to the same period in the previous year. The company faced challenges […]
New Home Affordability Crisis Enters 29th Month
Mortgage rates are falling. Estimates of median household income were revised significantly higher. Even new home sale prices fell in August 2024.But for the 29th consecutive month, the typical new home sold in the United States remains out of the affordable reach of the typical American household. In August 2024, we estimate the mortgage payment for a new home […]
