Category Archive: Finance, No picture
EUR/GBP Extends Losses Below 0.8500 As German GDP Comes In Line With Expectations
The EUR/GBP cross extends its downside near 0.8460 during the early European trading hours on Tuesday. The Euro weakens as the sluggish growth outlook in the Eurozone has triggered bets on more rate cuts from the European Central Bank (ECB) in September. The attention will shift to the first reading of German and Eurozone inflation data for August, which are due […]
Money Printing Contributes To Growing Inequalities
Image Source: Pexels Monetary printing has been part of the financial landscape for several decades now. Quantitative easing (QE), commonly known as the “printing press”, has been an essential tool for central banks to stabilize the economy in times of crisis. However, its impact on economic inequality is increasingly being debated. We will analyze how money […]
Fed Chair Powell Sends Clear Signal That More Inflation Is In The Pipeline
Image Source: Pexels Federal Reserve Chairman Jerome Powell gave the clearest indication yet that more inflation is in the pipeline during his Jackson Hole Speech on Friday.Powell indicated rate cuts are on the horizon, saying, “The time has come for policy to adjust, adding that “the direction of travel is clear.” But Powell stopped short of saying […]
Moscow to test crypto for international payments
Key Takeaways Russia’s crypto exchange trials begin as a response to international sanctions. The trials will use the National Payment Card System for ruble-crypto conversions. Share this article Russia is set to begin trials for crypto exchanges on September 1 as a strategy to mitigate the impact of international sanctions, Bloomberg reported Monday, citing sources […]
FX Daily: Soft Landing Vs. Recession
Image Source: Unsplash Fed Governor Jerome Powell’s announcement on Friday that the central bank will start cutting rates in September has sent the dollar to its lowest levels in over a year. A US soft landing is priced, which can see the Fed take rates down to some kind of neutral level at 3.00% late next year. […]
Use This ETF To Profit From Gains In Indian Stocks
Image Source: UnsplashA margin of safety policy pays off. Most of our investments handled early August’s market meltdown better than the major stock market indexes. In market drops, they’ll hold up better than the major indexes while earning solid returns during high-spirited markets. Meanwhile, I recommend the Invesco India ETF (PIN),Taking advantage of the market volatility to move […]
US Bitcoin ETFs hit 8-day winning streak as BlackRock logs $224M net inflows
Key Takeaways BlackRock’s iShares Bitcoin Trust led US Bitcoin ETF inflows with $224 million on August 26. The iShares Bitcoin Trust now controls over 350,000 BTC. Share this article US exchange-traded funds (ETFs) investing directly in Bitcoin (BTC) posted eight straight days of net subscriptions, drawing in about $202 million on Monday, data from Farside […]
Gold $4900 Upside Target In 3 Years
Image Source: PexelsGreg Weldon discusses the outlook for the economy, Federal Reserve policy and why we are headed for stagflation. He has potential 3-year upside targets of $4900 Gold and $100 Silver.Video Length: 00:39:03More By This Author:Gold Stocks & Silver Could Take Gold’s LeadMajor Breakouts Coming In Gold Stocks Gold Stocks Are Entering Nirvana
Asia Morning Bites For Tuesday, Aug 27
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury markets took a breather on Monday after recent swings. Yields on 2 and 10Y Treasuries edged slightly higher – the 10Y rose less than two basis points to 3.816%. EURUSD drifted a little lower and is 1.1166 now. Other G-10 currencies followed suit and were steady […]
The Canadian Cannabis Report – Monday, Aug 26
Image Source: PixabayFor the trading week ended August 23, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 5.4% compared to the prior week when it increased by 12.8%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
