Category Archive: Finance, No picture
China Goes Big, And Market (Initially) Gives It The Benefit Of The Doubt
News of China’s multifaceted support measures have bolstered risk appetites today. The dollar is mostly softer and only the yen and Swiss franc among the G10 currencies have been unable to find traction against the greenback. Most emerging market currencies are also trading with a firmer bias. China’s measures include measures to support the stock […]
Oasys launches VersePort portal for easier blockchain gaming interactions
Key Takeaways Oasys launches VersePort portal to simplify access to ecosystem campaigns and activities. Major titles from SEGA and Ubisoft set to launch on Oasys blockchain platform. Share this article Gaming-focused blockchain Oasys has launched VersePort, a new portal site developed and operated by double jump.tokyo Co., Ltd. The platform aims to simplify access to […]
Monetary Policy Divergence Front And Center
Earlier today, the Reserve Bank of Australia left rates on hold while maintaining a relatively hawkish, and certainly less dovish tone. The move comes on the heels of last week’s dovish Fed decision and highlights a growing monetary policy divergence between the Fed and other major central banks which is having a clear impact on […]
Visual Comparisons Of Median Household Income Estimates In The 21st Century
The U.S. Census Bureau released its annual estimate of median household income in the United States for 2023 earlier this month. At $80,610, it has nearly doubled 2000’s median household income of $41,990.Since the Census Bureau releases its annual estimates in September of the year following the year to which its income data belongs, that leaves room for […]
Kraken finalizes BCM buyout to expand European operations
Key Takeaways Kraken’s acquisition of BCM enhances its VASP capabilities in France and Poland. BCM clients will be able to access over 200 digital assets and enhanced security. Share this article Kraken announced Tuesday it has completed the acquisition of Coin Meester B.V. (BCM), one of the most respected registered crypto brokers in the Netherlands. […]
The Commodities Feed: Supportive Measures From China
Oil’s positive momentum continues as tensions in the Middle East remain elevated alongside fresh hurricane threats for the US and Mexico. The latest supportive measures announced in Beijing have further buoyed sentiment in the commodity complex. Energy – Oil advancesBoth NYMEX WTI and ICE Brent rose this morning with prices trading higher over 1% following the latest air strikes […]
The PBOC Has Unveiled A Monetary Policy Easing Package In A Bid To Support Growth
Image Source: Pexels The PBOC continued to ease policy in a bid to support growth With a slew of weak economic data in the last few months, we have already noted that time is running out to reach this year’s growth target without aggressive policy support. After last week’s 50bp rate cut from the Fed and subsequent CNY strengthening, we also […]
Elliott Wave Technical Analysis: NEO Crypto Price News For Tuesday, Sept 24
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.NEO/ U.S. dollar(NEOUSD)Trading Strategy: It looks like the wave (II) correction is complete and the price […]
US Ethereum ETFs see largest single-day loss since late July as Grayscale Trust sheds $80 million
Key Takeaways Grayscale’s Ethereum Trust led the outflows with over $80 million withdrawn in one day. Bitwise’s Ethereum ETF was the only fund without outflows, gaining over $1 million. Share this article Over $79 million was withdrawn from nine US spot Ethereum ETFs on Monday, the largest single-day outflow since July 29, according to data […]
Tesla’s Robotaxi Launch: A Game-Changer For Stock Performance?
Image Source: PexelsTesla (TSLA) not only dominates the US domestic EV market with a 49.7% share, but the company heavily leverages forward-looking investing. Buoyed by consistent profitability since Q1 2020, TSLA stock gained 1,433% value over the last five years. However, once across the profitability milestone, the expectation of Tesla shareholders shifted to sustainable growth. After Chinese […]
