Category Archive: Finance, No picture
EUR/GBP Falls Below 0.8400 Due To Rising Likelihood Of A Rate Cut By ECB
EUR/GBP retraces its recent gains, trading around 0.8390 during the Asian session on Friday. This downside could be attributed to the lower inflation reading in the Eurozone increasing expectations of a rate cut by the European Central Bank (ECB) in October, which would mark the central bank’s third reduction this year.Earlier this week, the Harmonized Index of Consumer […]
FTX and 3AC would still be in business if Gensler took right approach, says Mark Cuban
Key Takeaways Mark Cuban said the SEC Chair’s regulatory approach contributed to the collapse of FTX and Three Arrows Capital. Cuban supports pro-crypto Senate candidate John Deaton, who is running against Elizabeth Warren. Share this article If Gary Gensler had adopted the right regulatory approach, he could have saved FTX and Three Arrows Capital (3AC) […]
What Israel’s Potential Response Could Mean For The Oil Market
Image Source: UnsplashThe oil market is on tenterhooks waiting to see how Israel responds to Iran’s recent missile attack. There are growing fears that Iranian oil infrastructure could potentially be targeted, pushing oil prices higher. However, the move in prices is fairly modest when considering the amount of supply at risk. Oil prices firm amid growing […]
Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue
Key Takeaways Tron’s Q3 revenue of $566 million exceeds that of Bitcoin, Ethereum, and Solana. Stablecoin transactions and memecoin activities significantly contribute to Tron’s revenue. Share this article Tron’s stablecoin ecosystem has propelled the network to new heights, generating $566 million in revenue during Q3 2023 and securing its position as a major player in […]
Nowcasting Private NFP Using ADP Data
Image Source: PexelsMy guess for private NFP:Figure 1: Private NFP (bold black), nowcast (blue), +/- 1 std error band (gray), Bloomberg consensus (red +). Source: BLS, Bloomberg, author’s calculations.The nowcast is +176K, vs +125K Bloomberg consensus.The nowcast is based on this regression:For comparison, GS provides some big data nowcasts for total NFP (GS adds 20K to ADP […]
This Bear Trap Could Trigger A Massive Short Squeeze Non-Farm Friday… Let’s Do This!
Image Source: Unsplash Non-Farm Friday… Let’s Do This! Markets are messy right now, but I see (4) reasons why this Bear Trap could make us a FORTUNE on Friday!The 60-min chart is giving us plenty of clues right now…Bullish overall, but a bearish range over the last couple days…Combine that with today’s sideways range, and you […]
Market Briefing For – Friday, Oct 4
Image Source: PexelsThe ‘fog of war’ – coincides with the malaise of a semi-holiday environment, producing mostly ‘drift’ during Thursday; with some late Nasdaq recovery.In a sense this market continues to show resilience considering the backdrop including higher Oil (implies higher prices if it is ‘transitory’); and jitters about the next phase (retaliation) against Iran, where ‘even’ President Biden […]
NFP Day: Oil’s Dark Shadow Looms And Payrolls Always Throw Curveballs
Image Source: UnsplashOil prices skyrocketed, while stock markets stumbled as investors scrambled for cover amid the brewing chaos in the Middle East. Brent crude has taken off, with traders bracing for a potential weekend explosion—literally and figuratively. The chatter? Israel could be gearing up for a strike on Iran’s oil and nuclear infrastructure, a move that […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Oct 2
Image Source: UnsplashTonight, I do a “deeper dive” into the last several days of trading. The outcome, however, remains the same in terms of the EW count(s). I review both and discuss levels that may come into play and what to expect in the context of each count.Video Length: 00:17:24More By This Author:Nasdaq 100 & S&P […]
We’re Going To Play Along With Inflation Here
↵Image Source: Unsplash We need to get real about inflationary pressures; they haven’t gone away. This economy offers us high prices and pinched supply chains that are likely to push prices even higher.The trend in oil and gas is no exception – prices are rising, creating a new uptrend that could see them push higher by […]
