Category Archive: Finance, No picture
FTSE Fading From Two Week Highs As Pound Weighs
Image Source: Pexels Friday saw a dip in UK equities while the British pound strengthened. However, the stock index was expected to post weekly gains due to an increase in global risk appetite following the significant rate cut by the U.S. Federal Reserve. Due to the pressure from the strengthening British pound on export-orientated businesses, the […]
Triple-Witch Says, “Remember Me?”
Image Source: Unsplash For a good portion of my life, I avoided taking vacation days on the third Friday of a month.Options expired on a monthly basis, typically on those third Fridays, and the concentration of expiring options had the potential to increase volatility, both in the market as a whole and for our proprietary positions.And […]
MicroStrategy adds 7,420 BTC to its stash, reveals $1 billion in cash for another buying round
Key Takeaways MicroStrategy purchased 7,420 BTC for $458.2 million at an average price of $61,750 per bitcoin. The company’s total bitcoin holdings now stand at 252,220 BTC, acquired for $9.9 billion. Share this article MicroStrategy has acquired 7,420 Bitcoin (BTC) for approximately $458.2 million, at an average price of $61,750 per BTC, as revealed on […]
Gold And Silver Shine As The Fed Cuts Rates: What’s Next?
When the Federal Reserve decides to slash interest rates, it sets off a domino effect in the financial world, and precious metals like gold and silver are among the first to feel the impact. Yesterday, we saw a 0.50% cut, so it’s time to revisit how these metals have historically performed… and let’s just say, they’ve […]
Port Strike Will Rise Food & Energy Prices Exponentially – The Corn & Ethanol Report
We kickoff the day with Baker Hughes Oil & Total Rig Counts at 12:00 P.M., Fed Harker Speech at 1:00 P.M., Cattle on Feed and Milk Production at 2:00 P.M. The Fed lowered its interest rate target by 50 basis points on Wednesday, the largest cut since the start of the pandemic in March 2020. Prior […]
The Energy Report Fed Fighters – Friday, September 20
Oil traders historically have had a bad time when they have tried to fight the Fed. The Federal Reserve’s 50 basis point rate cut along with a dot plot that says there are more to come should have hedge funds think twice before pressing the downside in this environment. That is not to take away […]
Aethir and Filecoin team up to expand GPU resources, enhance data security
Key Takeaways Aethir and Filecoin have formed a strategic partnership to address GPU scarcity and enhance data security. Over 43,000 GPUs, including NVIDIA H100s, are integrated into Filecoin’s network. Share this article Aethir, a leader in decentralized GPU cloud computing, has joined forces with Filecoin, the leading decentralized storage network, to provide enhanced computational power […]
Consolidation Featured, But The Yen And Mexican Peso Are Under Pressure, While PBOC Fixed The Dollar Lower
The week is winding down and the US dollar is mostly consolidating against the G10 currencies. Two exceptions stand out. First, sterling is the only G10 currency higher on the day. It follows the BOE’s cautious hold yesterday and stronger than expected retail sales today. The other exception is the Japanese yen, where the BOJ […]
AUD/USD Holds Gains Above 0.6800 As Fed Sequential Large Rate Cut Bets Rise
The AUD/USD pair clings to gains above the round-level support of 0.6800 in Friday’s European session. The Aussie asset remains broadly firm amid growing speculation that the Federal Reserve (Fed) could deliver one more bumper interest rate cut in its monetary policy meeting in November.The Fed pivoted to policy normalization on Wednesday when he announced a […]
Nike Announces CEO Change Amid Restructuring; Stock Surges In Pre-Market
Nike announced a major leadership change, with longtime company veteran Elliott Hill replacing John Donahoe as CEO effective October 14, 2024.Nike Inc. (NKE), the global sportswear giant, is undergoing a significant leadership transition as it grapples with ongoing restructuring efforts and market challenges. The company announced Thursday that CEO John Donahoe will step down, to be replaced […]
