Category Archive: Finance, No picture
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 […]
Risk Sentiment Shaken By JOLTS Report
Image Source: UnsplashThe S&P 500 notched back-to-back losses as Wall Street navigates a bumpy start to September. It’s starting to feel like clockwork—another early-month stock plunge following closely on the heels of August’s brief but sharp correction.Given that September historically claims the title of the worst month for stock returns—with August a close runner-up—this seasonal swoon […]
AI tokens rally as Nvidia refutes DOJ subpoena reports
Key Takeaways AI tokens experienced a significant surge after Nvidia denied reports of receiving a DOJ antitrust subpoena. Nvidia’s stock shows resilience with a slight rise amid subpoena rumors. Share this article Several artificial intelligence (AI) tokens have bounced back following Nvidia’s denial of reports that it had received a subpoena from the Department of […]
Stocks And Precious Metals Charts – Dying From Their Lack Of Humility
Image Source: PexelsThe markets are pricing in the expectation of a Fed policy pivot, signaled by a rate cut at their next meeting in September.The question is whether the cut will be 25 or 50 basis points.Stocks ranged, finishing just a little lower.Gold and silver were just slammed in the early trading, with a determined move […]
The S&P 500 Is Trying To Hold It Together, But The Odds Are Stiff
There’s some big data coming our way this week: jobs data. We’ll get a glimpse of how the market is primed to receive positive or negative news, whether it’s “bad news is good news”… or the other way around.The Fed, of course, is set to cut rates this month. The market could take them at […]
Rates Spark: US 2’s And 10’s Touch 3.75%
Image Source: PexelsUS market rates continue to pressure core rates lower. US 2’s and 10’s have settled at 3.75%. Both are some 1.6% through the funds rate. That’s quite a discount. The Bund curve is still some 10bp from disinverting and may need more time as the eurozone faces sticky inflation and limited recession risk. Plenty […]
