Category Archive: Finance, No picture
How Gold & Silver Compare Against Other Assets Following This Year’s Rally
Image Source: Unsplash With the gold and silver prices settling at their new levels above $2,300 and $30 respectively, it’s a fun time to take a look at how they now compare against some of the other major asset classes.Yes, looking at the pricing while the metals are at their highs of course impacts the data. […]
Grains Report – Thursday, May 30
Image Source: Unsplash WheatGeneral Comments: Wheat was lower in all three markets as adverse world growing conditions appear to be part of the price now. Russian analytical services cut production estimates over the weekend to between 80 and 82 million tons, from over 85 million previously. There were no more reports of frosts and freezing temperatures […]
Vitalik Buterin donates 30 ETH to Tornado Cash legal defense as he develops a ‘compliant’ version
Ethereum co-founder Vitalik Buterin has made a significant donation of 30 Ether (approximately $114,000) to support the legal defense of Alexey Pertsev and Roman Storm, the developers behind the controversial crypto mixer Tornado Cash.Simultaneously, Buterin is working on a new Ethereum-based crypto mixer designed to be compliant with anti-money laundering laws.Alexey Pertsev, one of the […]
Has The NIO Stock Price Bottomed? June 6th Will Be Key
Image Source: Unsplash NIO shares have jumped by almost 50% from their lowest level this year. The company is facing a mountain of challenges like competition and margin pressure. NIO will publish its financial results on June 6th. NIO (NYSE: NIO) stock price has staged a strong recovery in the past few weeks as some […]
Canadian Banks Put Aside More For Loan Losses As The Economy Continues To Deteriorate
Image Source: Pexels Canadian banks are setting aside around $ 4 billion in loan provisions, a trend that has been accelerating and one that should alarm the Bank of Canada that its monetary policy is choking the economy. Loan loss provisions have been growing steadily over the past year and with each passing quarter, the Canadian banks […]
SEC sets tomorrow as deadline for Ethereum ETF issuers to submit draft S-1 forms
The Securities and Exchange Commission (SEC) has requested spot Ethereum exchange-traded fund (ETF) issuers to submit their draft S-1 forms by Friday. The announcement came one day after BlackRock filed an updated S-1 form with the SEC.Two sources familiar with the matter told The Block that the SEC would review and comment on the filings […]
Elliott Wave Technical Analysis: Soybeans – Thursday, May 30
Image Source: Unsplash Soybeans Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Double Zigzag for (2) Position – Wave 1 of (3) Direction – Wave 1 of (3) Details – Wave 1 of (3) broke to the downside and is now leaving the congestion area. More downside is expected especially if blue wave ‘iv’ of […]
Musk rejects allegations of advising Trump on crypto
Elon Musk denied the claims that he’s a crypto advisor for Donald Trump’s presidential campaign mentioned in a recent Bloomberg report. Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do — Elon Musk (@elonmusk) May 30, […]
Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 30
Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is –1.3%. If the energy sector is excluded, the growth rate for the index is 11.5%. Of the 1,700 companies in the Russell 2000 that have reported earnings to date for 24Q1, 59.4% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -0.2%. If the energy sector is excluded, the growth rate […]
AUD/USD Stable At 0.6608 Despite Bearish Market Sentiment
Image Source: Unsplash AUD Decline: The Australian Dollar fell over 0.50% against the US Dollar due to high US Treasury yields and weak bond auction demand. Market Sentiment: Negative sentiment was driven by hawkish remarks from Minneapolis Fed President Neel Kashkari and mixed US economic data. Technical Indicators: AUD/USD faces potential pullback; key support levels at 0.6558/59 […]
