Category Archive: Finance, No picture
What The Subtle Signs Say About The S&P 500
Image Source: Unsplash Watch the free-preview video below extracted from the WLGC session before the market open on 20 May 2024 to find out the following: How to interpret the S&P 500’s behavior when testing previous all-time highs. How to anticipate market movements based on supply-demand dynamics. How a trading range could unfold for the S&P 500. And […]
Fidelity ‘will not participate’ in proof-of-stake, amends staking language in Ethereum ETF filing
Fidelity has filed an amended S-1 registration statement with the SEC for its prospective Ethereum (ETH) exchange-traded fund (ETF) ahead of upcoming deadlines for such funds.Notably, the amended statement removed all language about the fund’s participation in proof-of-stake validation for the Ethereum network, including staking rewards, which were mentioned in the previous prospectus. “The Trust […]
Consolidative Tuesday – Tuesday, May 21
Image Source: Unsplash Overview: The dollar is consolidating but with a somewhat heavier bias today. The G10 currencies are firmer but for the New Zealand and Canadian dollars, which are slightly softer. Most emerging market currencies are also firmer, except for a handful of Asian currencies. The news steam is light. Equities are trading off. The MSCI Asia […]
U.S. Stock Futures Steady As Nasdaq Hits Record; Investors Eye Fed Moves
Image Source: Pexels U.S. stock futures held steady on Tuesday following a record-setting performance by the Nasdaq Composite, which closed at an all-time high in the previous session, driven by strong tech sector gains. Despite the Nasdaq’s success, the broader market showed mixed reactions, with the S&P 500 marginally higher and the Dow Jones experiencing a […]
Hex Trust launches first native stablecoin USDX on Flare blockchain
Hong Kong-based crypto custodian Hex Trust Group has issued USDX, the first native stablecoin on Flare Network, an EVM-based layer 1 blockchain. The stablecoin will be available for use across lending protocols and exchanges.USDX’s launch comes with a unique staking mechanism, enabled through a dedicated T-Pool created by Clearpool, a decentralized credit marketplace. Users staking […]
Microsoft Has Joined 4 Other AI PC Manufactures With Two Copilot+ PC Models
Image Source: Unsplash IntroductionI wrote previously that, according to an analysis by research firm Gartner, the AI Personal Computer (PC) market is set to explode in 2024 from 10% of shipments in 2023 to 22% and, according to the research firm, Canalys, the AI PCs sector is set to rise at a compound annual growth rate of 64% between now and 2027 making up […]
Daily Market Outlook – Tuesday, May 21
Image Source: Pexels Asian stocks paused on Tuesday after a seven-day winning streak. Profit-taking by investors led to a decline in Chinese stocks. Hong Kong’s equity market also experienced a downturn, with Li Auto leading the losses in the MSCI Asia Pacific index due to lower-than-expected first-quarter vehicle sales. Japanese stocks remained steady thanks to positive […]
Bitcoin Breakout: BTC Surges Ahead
Image Source: Pexels In this video, I dive into the explosive breakouts happening in Bitcoin (BITCOMP), Ethereum (ETH), and Litecoin (LTC). My in-depth technical analysis will help you understand the key trends and potential future movements of these top cryptocurrencies.Video Length: 00:05:27 More By This Author:The Timing Of Fundamentals How To Trade Fast Stock Market Reversals […]
Mild Repricing Of Rate Cut Bets On Hawkish Fed Speak
Image Source: Pexels We suspect market activity will pick up today after a rather subdued Monday session that was lacking in first-tier economic data releases. A round of hawkish Fed comments has however resulted in some mild renewed demand for the Buck.Video Length: 00:01:07More By This Author:Fed Speak Takes Center Stage In Data Light US Session […]
FX Daily: Domestic Stories Gain Centrality
Image Source: Unsplash This week, the quiet US calendar will allow domestic stories to gain relevance. Ahead of eurozone PMIs and UK inflation, we’ll see Canadian CPI and New Zealand’s next central bank meeting in the next 24 hours. We think data can convince the Bank of Canada to cut in June, while we don’t see the RBNZ […]
