Category Archive: Finance, No picture
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 […]
USD/CAD Reclaims Seven-week High Near 1.3650 Amid Weak Canadian Dollar
The USD/CAD pair recaptures a seven-week high near 1.3650 in Tuesday’s European session. The Loonie asset strengthens amid weakness across the Canadian Dollar’s (CAD) performance ahead of Canada’s Employment data for September, which will be published on Friday.The Canadian job report is expected to show that the economy added 28K workers, higher than 22.1K in […]
Housing Is A Global Problem
Housing shortages and skyrocketing rental prices have become a major source of tension in many countries around the world.As Statista’s Anna Fleck reports, according to data from a Statista Consumer Insights survey, the topic of housing is considered the most pressing issue right now in the Netherlands by Dutch respondents.It is the second most pressing issue after the cost of living in Canada and Australia.As […]
The Commodities Feed: Oil Remains Volatile
ICE Brent managed to move above $81/bbl yesterday amid ongoing concerns in the Middle East. However, the rally faded this morning as China refrained from announcing any new supportive measures to boost the economy. Energy – ICE Brent moves back below $80/bblOil prices continued their move higher yesterday with ICE Brent closing just below $81/bbl amid […]
GBP/USD Struggles To Capitalize On Modest Intraday Gains Beyond 1.3100 Mark
The GBP/USD pair attracts some buyers during the Asian session on Tuesday and for now, seems to have snapped a five-day losing streak to a nearly four-week low, around the 1.3060 area touched the previous day. Spot prices, however, struggle to build on the uptick beyond the 1.3100 mark, warranting some caution for bullish traders.The US […]
Linea proposes framework for L2 decentralization, plans shift to proof-of-stake
Key Takeaways Linea plans to transition to a proof-of-stake model for block validation. An auction system for block proposers will be implemented to reduce token supply. Share this article Linea, the Layer 2 ZK rollup developed by Consensys, has unveiled a proposal outlining steps towards decentralizing its network. The proposal, titled “towards Linea’s decentralization,” presents […]
Australian Dollar Gathers Strength After RBA Minutes
Image Source: Unsplash The Australian Dollar recovers some lost ground in Tuesday’s Asian session. The hawkish remarks of the RBA lift the Aussie, but the fear of geopolitical risks might cap its upside. Investors will keep an eye on the Fedspeak later on Tuesday. The Australian Dollar (AUD) trades on a stronger note on Tuesday, […]
