Category Archive: Finance, No picture
Disappointing US Data Followed By Better Japanese Wages And Stronger German Factory Orders Weigh On The Greenback
The one-two punch of the disappointing US job opening report and the downbeat Beige Book weighs on the US dollar, which is softer against all the G10 currencies. The Canadian dollar is a notable exception. Prime Minister Trudeau’s minority Liberal Party lost key support and the Bank of Canada affirmed expectations for more rate cuts. […]
SP500 & US500 Daily Trade Plan – Thursday, September 5
In this update we review the recent price action in the EMINI SP500 futures contract and identify a potential trade plan and price objectives for the trading session ahead.Video Length: 00:05:04More By This Author:Daily Market Outlook – Thursday, September 5 SP500 & US500 Daily Trade Plan Daily Market Outlook, Wednesday, September 4
Our CyberSecurity Stocks Portfolio Went Up 15% In August
An IntroductionWith cyber crime damage reported to possibly reach $10.29 trillion by next year sophisticated cyber security is crucial to protect networks, systems and other digital infrastructure from malicious cyber attacks. On the other hand, however, it is estimated that cyber security spending was only $188B in 2023 and, with research forecasting that corporate spending on cybersecurity should grow at […]
The Analytical Overview Of The Main Currency Pairs On The Bank Of Canada Cut The Rate By 0.25%. Oil Continues To Fall In Price
At Wednesday’s close, the Dow Jones (US30) Index was up 0.09%, while the S&P 500 (US500) Index fell 0.16% and hit a 2-week low. The NASDAQ Technology Index (US100) closed negative 0.30% and hit a 3-week low. Stocks on Wednesday initially recovered from early losses and headed higher after the 10-year T-note yield fell to […]
Demand still sluggish for US Ethereum ETFs one month after debut—here’s why
Key Takeaways Grayscale’s Ethereum ETF has seen over $2.6 billion in outflows since its conversion. Regulatory uncertainty around staking features affects investor interest in Ethereum ETFs. Share this article The nine US exchange-traded funds (ETFs) tracking the spot price of Ethereum (ETH) have been struggling to attract new capital since their strong start in late […]
AUD/USD Trades Sideways Above 0.6700 Ahead Of US Data
The AUD/USD pair trades in a tight range above the round-level support of 0.6700 in Thursday’s European session. The Aussie asset fails to find bids despite weakness in the US Dollar (USD) and Reserve Bank of Australia (RBA) Governor Michele Bullock’s hawkish guidance on interest rates.The US Dollar Index (DXY), which tracks the Greenback’s value against six […]
Eurozone Retail Sales Continue To Flatline
The modest 0.1% rise in retail trade for July suggests a significant boost in third-quarter economic activity is unlikely. Given subdued domestic demand, inflation expectations for goods remain low.Surveys on third-quarter performance in the eurozone have so far disappointed. The economy isn’t showing signs of further acceleration after a surprisingly strong first half year. In […]
Australian asset manager Monochrome applies for new Ethereum ETF, eyes decision by end of this month
Key Takeaways Monochrome partners with Vasco Trustees to launch an Ethereum ETF. The ETF is set for Cboe Australia listing by September 2024. Share this article Monochrome Asset Management, in partnership with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia, the company shared in a Thursday […]
The Market Is Positioning Itself Ahead Of The Big Job Report
Image Source: PexelsStocks ended the day mostly flat, resembling a pause. It wouldn’t be surprising to see the market trade lower tomorrow, ahead of the payroll report. Implied volatility will likely increase leading up to the report, then drop sharply once it’s out. The VIX 1-Day is already at 16, and a move above 20 isn’t […]
Robinhood fined $3.9M in California over crypto withdrawal restrictions from 2018
Key Takeaways Robinhood’s settlement with California requires ongoing crypto withdrawals. The $3.9M settlement addresses past custody and disclosure issues. Share this article California Attorney General Rob Bonta announced a $3.9 million settlement with Robinhood Crypto LLC for violating state commodities law by prohibiting customers from withdrawing crypto from their accounts between 2018 and 2022.The settlement […]
