Category Archive: Finance, No picture
Fresh Bullish Input – South American Weather – Catch 22. The Corn & Ethanol Report
We kicked off the day with Business Inventories MoM, Export Sales. Export Prices MoM & YoY, Import Prices MoM & YoY, Retail Sales MoM & YoY, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Retail Sales Ex Autos MoM, Continuing Jobless Claims, Jobless Claims 4-Week Average, Philly Fed Business Conditions, Philly Fed CAPEX Index, Philly Fed […]
Fed’s Waller signals multiple rate cuts in 2025 as Bitcoin holds steady near $100K
Key Takeaways Federal Reserve Governor Waller hinted at multiple interest rate cuts in 2025 due to promising inflation data. Bitcoin surged above $99K following better-than-expected inflation figures, with traders eyeing a breakout past $100K and altcoins rallying strongly. Share this article Federal Reserve Governor Christopher Waller hinted at multiple rate cuts in 2025 if inflation […]
Tether debuts USDT0 stablecoin on Kraken’s Ink Layer 2
Key Takeaways Tether introduces USDT0 to enhance USDT’s interoperability, allowing seamless transfers across chains with LayerZero’s OFT standard. USDT0 launches on Kraken’s Ink L2, with plans to expand to Berachain and MegaETH, offering users unparalleled access to USDT liquidity. Share this article Tether has announced the launch of USDT0 on Kraken’s Layer 2 blockchain, Ink. […]
Coinbase brings back Bitcoin-backed loans with Morpho’s DeFi integration
Key Takeaways Coinbase’s Bitcoin-backed loans, powered by Morpho, provide USDC instantly, leveraging cbBTC for seamless on-chain functionality. This new offering follows Coinbase’s exit from its Borrow program in November 2023, signaling a renewed focus on Bitcoin lending. Share this article Coinbase has introduced Bitcoin-backed loans through its partnership with Morpho, a decentralized finance protocol with […]
Gold And Silver: Navigating The Shifting Sands Of A Dynamic Market
Image Source: Unsplash In recent months, the precious metals market has been buzzing with intriguing developments that offer both opportunities and challenges for investors. Gold and silver, as timeless stores of value, are once again in the spotlight. Technical chart patterns, geopolitical tensions, and an evolving financial landscape are converging to create a compelling narrative for […]
eToro confidentially files for US IPO with Goldman Sachs’ support
Key Takeaways eToro has confidentially filed for a US IPO targeting a $5 billion valuation. Goldman Sachs, Jefferies, and UBS are leading the IPO effort, with plans for a potential listing in Q2 2025. Share this article eToro has submitted a confidential filing with the SEC as the company prepares for a public offering in […]
More Big Bank Earnings, TSM Reports, December Retail Sales Ahead
Photo by rupixen on Unsplash Market RecapTraders generally ignored a slightly warmer top-line CPI print yesterday partly because it was driven by the known inflation driver Energy and partly because Core inflation came in line with expectations showing continued signs of moderating. What really got markets going yesterday was strong bank earnings. Financials (2.55%) led sectors, even topping […]
Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC
Key Takeaways Donald Trump is “receptive” to establishing a strategic reserve using US-based digital assets like Solana, USD Coin, and Ripple. The proposed policy shift may include appointing crypto-friendly officials and ending debanking practices affecting cryptocurrency startups. Share this article President-elect Donald Trump is warming up to the idea of establishing an “America-first strategic reserve” […]
Yen Jumps On Growing Confidence Of A Hike Next Week
Image Source: Unsplash Overview: With both of the US inflation gauges out, the focus turns to real sector data over the next two sessions and today’s confirmation hear of the Treasury Secretary nomination today. The dollar is mixed. The euro, Swiss franc, and Japanese yen are firm. Disappointing UK November GDP weighs on sterling. Australia reported a […]
Oil Reached The $80 Per Barrel
Image Source: Unsplash The Dow Jones (US30) rose 1.65% on Wednesday. The S&P 500 Index (US500) gained 1.83%. The Nasdaq Technology Index (US100) jumped 2.31%. The core inflation rate rose for the third consecutive month to 2.9% in line with expectations, but the core rate unexpectedly slowed to 3.2%. The data added confidence that the Fed […]
