Category Archive: Finance, No picture
August Jobs Report: For The First Time, Including Revisions, More Consistent With A Hard Landing
My focus continues to be on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether there is further decline towards a recession. For a change, this month the Establishment report was the weakest in several years, if still positive. Meanwhile the Household report rebounded for the month, but now shows […]
USD/CAD Bounces Back Strongly To Near 1.3500 After US/Canada Employment Release
The USD/CAD pair recovers swiftly to near the round-level support of 1.3500 in Friday’s American session. The Loonie asset turns volatile after the release of the United States/Canada Employment data for June.The US Nonfarm Payrolls (NFP) report showed that labor demand turned out weaker-than-expected. Number of workers hired were 142K, lower than the estimates of […]
Our Psychedelic Compound-Based Clinical-Stage Drug Stocks Portfolio Was Down 16% In August
An IntroductionThe psychedelic compound-based drug market is expected to triple over the next few years which should create many winning stocks in the years to come. Some BackgroundShares of clinical-stage companies developing treatments based on psychedelic compound-based drugs moved lower in early August after the U.S. Food and Drug Administration (FDA) rejected the use of MDMA (5-MeO-DMT or 5-MethOxy-N,N-DiMeThyltryptamine) for […]
The Market Discounts Around A 40% Chance Of Not One But Two 50 Bp Cuts In Last Three FOMC Meetings Of The Year Ahead Of Jobs Report
The US jobs report is front and center. The market is going into the report with about a 40% chance of a 50 bp Fed rate cut later this month. The Dollar Index is trading lower for the third consecutive session. Helped by the fifth consecutive decline in US 10-year yields, the yen approached last […]
Bitcoin Price Prediction: A Major Drop Or A Massive Reversal? Here’s What Experts Say!
In the last 7 days, Bitcoin has dropped by at least 5.8%. At the beginning of the month, it was nearly $58,964.54, but now it stands at a low of $56,124. Many investors are wondering if it will plunge further. According to a recent Bitcoin price prediction from a cryptocurrency expert, there is a possibility of further […]
The Analytical Overview Of The Main Currency Pairs On Japan’s Leading Indicators Point To Economic Growth. Typhoon Disrupted The Work Of The Hong Kong Stock Exchange
At Thursday’s close, the Dow Jones Index (US30) was down 0.54%, while the S&P 500 Index (US500) was down 0.30%. The NASDAQ Technology Index (US100) closed positive 0.25%. The S&P 500 index (US500) and the Dow Jones (US30) fell to 2-week lows. Signs of weakness in the US labor market added to concerns about the […]
FX Daily: Three Scenarios For Payrolls And The Dollar Today
If payrolls fall below 100k today and unemployment surprisingly creeps higher, then we see a 50bp Fed cut in September becoming the market’s base case, which would result in big USD losses. Anything closer to the consensus 165k and a stable unemployment print would make 25bp more likely on the margin, and any USD weakness […]
Gold Confirmed Yesterday Analysis And Now Targeting 2525.80. Check Why – Friday, September 6
Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:51More By This Author:GOLD Followed Yesterday Analysis. Today 2494.88 Is Break […]
Russia mined nearly 54,000 Bitcoin in 2023, says industry expert
Key Takeaways Russia mined approximately 54,000 Bitcoins in 2023. New legislation aims to regulate and support the mining sector. Share this article Approximately 54,000 Bitcoin (BTC), worth around $3 billion, was mined in Russia last year, said Sergey Bezdelov, the Director of the Industrial Mining Association, at the Eastern Economic Forum 2024, first reported by […]
AUD/USD Softens Below 0.6750, With All Eyes On US Employment Data
The AUD/USD pair trades on a softer note around 0.6735, snapping the two-day losing streak during the European session on Friday. The markets turn cautious ahead of the US employment reports on Friday. The Australian Dollar (AUD) weakens on the day despite the softer Greenback and the hawkish comments from Reserve Bank of Australia (RBA) […]
