Category Archive: Finance, No picture
GBP/JPY Drops To Near 192.00 Due To Increasing Risk Aversion
GBP/JPY breaks its three-day winning streak, trading around 191.80 during the European hours on Tuesday. However, the JPY encountered challenges as weak Japanese manufacturing data fueled speculation that the Bank of Japan (BoJ) might postpone further rate hikes.On Tuesday, Japan announced to allocate ¥989 billion to fund energy subsidies in response to rising energy costs […]
USD/CHF Remains Firm Above 0.8500 After Swiss GDP And CPI Inflation Data
The USD/CHF pair extends its upside amid the firmer US Dollar (USD) around 0.8525 during the early European trading hours on Tuesday. The Swiss inflation was softer than expected in August, but the economy grew stronger than estimated. Investors brace for the US ISM Manufacturing PMI data, which is due later on Tuesday. Data released by the Swiss Federal […]
Qatar Financial Centre unveils new ‘blueprint’ for crypto regulation
Key Takeaways Qatar’s new digital assets framework covers tokenization and smart contracts. Over 20 startups have joined the QFC Digital Assets Lab for crypto product development. Share this article The Qatar Financial Centre (QFC) has released a comprehensive regulatory framework for digital assets, establishing clear rules for crypto activities in the region. The “QFC Digital […]
RDNT token jumps 20% following Radiant Capital’s new liquidity plan
Key Takeaways Radiant Capital’s proposal RFP-44 aims to optimize RDNT token emission and cross-chain liquidity. The proposal includes a weekly rebalance and a 24-hour grace period for RDNT holders. Share this article Radiant Capital’s RDNT token experienced a 20% increase following the introduction of a proposal aimed at optimizing the emission schedule and enhancing cross-chain […]
In Honor Of Labor Day, Let’s Review BLS Job Revisions
Image Source: PexelsI have some new charts today on job revisions. Let’s discuss.Data from the BLS via the Philadelphia FedBLS Survey Background Every month, the BLS monthly payroll reports produce a preliminary estimate of nonfarm payrolls. The BLS does two monthly revisions of nonfarm payroll as well as annual revisions. The monthly report is also called […]
A Left-For-Dead Blue Chip Bounces Back: 3M
Image Source: UnsplashWith four months left in 2024, below is a look at the year-to-date performance of the 30 stocks in the Dow Jones Industrial Average. Would you believe that previously left-for-dead blue chip 3M (MMM) is currently the Dow’s best-performing stock of the year? With a gain of more than 50% YTD, MMM is just ahead of Walmart’s (WMT) […]
Why Is September Considered A Really Bad Month For Stocks?
Image Source: PexelsFor nearly a century, September has cast a shadow over Wall Street, earning a reputation as the stock market’s worst-performing month. This phenomenon, dubbed the “September Effect,” has intrigued investors and analysts alike, prompting debates about its validity and impact on trading strategies. September Effect and the Stock Market Since 1928, the S&P 500 […]
Asia Open: Navigating A Seasonally Gloomy Tunnel
Image Source: PexelsMARKETSNorth American investors return from the long weekend holiday to a less-than-welcoming market, stepping into a seasonally gloomy tunnel with the year’s most crucial jobs report looming large. This report is set to draft the Fed’s policy script for 2024, and everyone’s hoping for a steady state affair with the numbers landing squarely in […]
September Could Be Rough For The Market
Image Source: UnsplashStocks rallied into the close on Friday afternoon due to a $6.5 billion buy imbalance, which overwhelmed the market in an illiquid trading session ahead of the three-day weekend. As we have discussed, the market-on-close buy imbalance starts building around 2 PM ET, with the final size released at 3:50 PM ET. We can see […]
Australian Dollar Sees Green As Investors Gear For Important Week For Financial Markets
Image Source: Unsplash AUD/USD started the week on the right foot on a quiet Monday. Australia will release Q2 GDP data on Wednesday, which will be key. RBA Governor Bullock is expected to reiterate hawkish guidance on Thursday despite market expectations of a rate cut in December. The AUD/USD gained 0.30% in Monday’s session, advancing to […]
