Category Archive: Cryptocurrency, No picture
Solana secures ‘big three’ status with PYUSD expansion, say industry experts
Last week, PayPal announced the expansion of its stablecoin PYSUD to Solana, marking the first move beyond the Ethereum blockchain. Industry players shared with Crypto Briefing that this movement solidifies Solana as one of the ‘big three’ blockchains, highlighting that the blockchain and institutions make sense.Ran Goldi, VP of Payments at Fireblocks, points out that […]
U.S. Manufacturing And Construction Cool More Than Expected
The ISM manufacturing index posted a larger-than-expected contraction as orders dropped and production slowed. Construction also came in weaker than expected, which again indicates that monetary policy is restrictive and is acting as a brake on economic activity.Image Source: Pexels ISM remains in contraction territory In Monday’s US data flow we have a surprise drop in […]
Grains Report – Monday, June 3
WHEAT General Comments: Wheat was lower in all three markets last week as adverse world growing conditions appear to be part of the price now and could be moderating in the next week or so, anyway. Russian analytical services cut production estimates over the weekend to between 80 and 82 million tons, from over 85 […]
FTSE Swoons On The First Trading Day Of June
Image Source: Pexels On Monday, London stocks initially increased, following the trend of Asian markets, in anticipation of the upcoming rate cut by the European Central Bank later this week. However, gains were reversed, trading down 0.5%,as the performance of drugmaker GSK weighed on investor sentiment.GSK’s stock fell to the bottom of the FTSE 100 following […]
Ethereum options traders turn bullish following ETF approval, says Nansen analyst
The approval of spot Ethereum (ETH) exchange-traded funds (ETF) in the US on May 23 made ETH options traders more bullish, according to Aurelie Barthere, Principal Research Analyst at Nansen. Despite failing to spark a significant spot market upside, the implied volatility of call and put options on ETH has decreased slightly since the approval.Year-to-date […]
Analytical Overview Of The Main Currency Pairs – Monday, June 3
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0829 Prev Close: 1.0849 % chg. over the last day: + 0.18% The euro rose and reached $1.088, the highest level in the last two weeks, amid increasing divergence between the monetary policy rates of the European Central Bank and the US Federal Reserve. On […]
The Logical-Invest Newsletter For June 2024
Image Source: Pexels SummertimeOur strategies performed well in May, despite the S&P 500 failing to reach new highs.Our Crypto & Leveraged Top 2 Strategy recovered some previous losses achieving a gain of +15.4% by allocating to leveraged Silver and a money market fund (GSY). Our NASDAQ 100 Strategy picked winners and came in at +13% while maintaining part of its allocation in money market fund and gold […]
Crypto funds inflows surpass $15 billion and set new record
Crypto funds registered $185 million in inflows last week, amounting to $2 billion in May, and $15 billion in 2024. According to asset management firm CoinShares, trading volumes experienced a dip despite the positive influx, descending to $8 billion compared to $13 billion the previous week.Bitcoin continued to attract investor confidence with inflows of $148 […]
NZD/USD Price Analysis: Attempts Bullish Flag Breakout
Image Source: Unsplash NZD/USD jumps to 0.6815 after downbeat US ISM Manufacturing PMI report. Weak factory activity report dents the US Dollar’s appeal. The RBNZ is less likely to return to the policy normalization process this year. The NZD/USD pair advances to 0.6185 in Monday’s American session as the United States (US) Institute of Supply Management (ISM) […]
Stocks Bounce, As S&P 500 Can Be Progressing 5th Wave
Image Source: Unsplash We talked about stocks, specifically SP500 back on May 16, where we mentioned and highlighted an ongoing five-wave bullish cycle with room for more gains for wave 5 after a wave 4 pullback. SPX 1H Chart From May 16As you can see today on June 3rd, after recent nice and clean, slightly deeper correction in wave […]
