Category Archive: Cryptocurrency, No picture
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) […]
All Eyes On US Jobs Report
A mix of US data in recent sessions has left the market in a state of wait and see ahead of today’s highly anticipated US jobs report. Looking back, the Fed Beige Book was downbeat, ADP data reflected weakening labor conditions, though on the other side, ISM data was stronger along with jobless claims.Video Length: […]
The All-Knowing Jobs Report
Image Source: PexelsOkay, folks. it’s coming within hours. The monthly jobs report. The last major data point that Powell and his minions are going to get before they drop interest rates is either 0.25% or 0.50% (because that’ll totally save the economy). I’ve circled the anticipated results.Here is the unemployment rate ever since the government started […]
Telegram updates policy, allows users to report illegal content in private chats
Key Takeaways Telegram has changed its policy to allow users to flag illegal content in private chats. CEO Pavel Durov acknowledges the platform’s rapid growth has made it easier for misuse. Share this article Telegram has revised its policy, allowing users to flag “illegal content” in private chats for review by moderators, according to a […]
A Puzzle: Private NFP And The Preliminary Benchmark Vs. Current Official [Updated]
Image Source: PexelsThe puzzle remains: despite an under-consensus 99K addition to private ADP-Stanford NFP (far below consensus 144K). ADP cumulative change is above CES cumulative change, while the preliminary benchmark is below.The ADP survey cumulative increase in private NFP since 2023M03 is 3.2mn through August, more than the 2.8mn reported in the current official CES series through July.In […]
Previewing Q3 Earnings Season
Image Source: Unsplash Estimates for 2024 Q3 have come down, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of the first two quarters of the year. This negative shift in the revisions trend reverses the prior favorable development on this front that had been in recent quarters. […]
Mixed Results Ahead Of AVGO Beat, Payrolls Friday
Image Source: UnsplashToday’s normal stock market trading session was mixed today, with a slight gain on the Nasdaq of +0.25% offset by a -0.30% drop in the S&P 500, -0.54% on the Dow and -0.61% on the small-cap Russell 2000. Things had looked more promising during the morning hours, but couldn’t hold onto gains across the […]
Australian Dollar Adds Gains On RBA’s Hawkish Stance
Image Source: Unsplash AUD/USD gains on soft US data and RBA’s hawkish outlook. RBA Bullock reiterates hawkish stance, signaling no near-term rate cuts. Monetary policy diveargence favors the Aussie as US data softens and RBA remains hawkish. The AUD/USD pair traded in a tight range on Thursday but tallied daily gains after the USD was seen […]
Dow Jones ‘Bull Trap’ Expands Into Test Of 20-Day MA
Image Source: PexelsThe index that had managed to break to new highs last week, the Dow Industrial Average, now finds itself pulling further away from its “Bull Trap” into a test of its 20-day MA. Selling volume was light, but there are new ‘sell’ triggers in the MACD and +DI/-DI to mark a shift in the […]
