Category Archive: Cryptocurrency, No picture
PayPal’s stablecoin PYUSD joins BVNK’s crypto payment ecosystem
BVNK, a payment infrastructure provider, has announced the integration of the PayPal USD (PYUSD) stablecoin, issued by Paxos Trust Company, into its payment system. This move allows businesses to access PYUSD on BVNK’s platform, which supports a variety of digital and fiat currencies.In addition, as an approved member of the PYUSD ecosystem, BVNK can directly […]
Q1 Bitcoin ETF holders: 1500 institutes reported, Millennium leads with nearly $2 billion in holdings
Yesterday marked the deadline for investment firms managing over $100 million in Bitcoin exchange-traded fund (ETF) shares to disclose their holdings, and the data shows that these newly launched ETF products are attracting significant interest from institutional players.According to combined data from Fintel, over 1500 investment firms disclosed total ownership of around $10.6 billion in these […]
AUD/JPY Drops To Near 103.00 After The Mixed Aussie Employment Data
Image Source: Unsplash AUD/JPY loses ground as higher Aussie unemployment data bolsters the dovish sentiment surrounding RBA’s policy stance. The Aussie Unemployment Rate rose to 4.1%, marking the highest jobless rate since January. The lower Japanese GDP in Q1 has weakened the Japanese Yen (JPY) advance. AUD/JPY snaps its three-day winning streak, trading around 103.00 during […]
Tyson Foods CEO Unsure When Nation’s Collapsing Beef Herd Will Reverse
Image Source: UnsplashTyson Foods (TSN) CEO Donnie King spoke at the BMO Global Farm to Market Conference in Toronto on Wednesday, expressing much uncertainty about when US ranchers will rebuild tight cattle herds meaningfully. Reuters was the first to report King’s comments at BMO’s farm conference. He stated ranchers had been pressured in recent years to offload cattle due to […]
Grocery Prices Decline
Image Source: UnsplashThe latest CPI release indicates a decline in food-at-home prices.Figure 1: CPI (bold black), and food at home component (light blue), and ERS January forecast (blue square), all in logs, 2021M01=0. Source: BLS, ERS, and author’s calculations.At the national level, the food-at-home component has been dropping for three months now. The USDA’s Economic Research Service (ERS) […]
Current Earnings Outlook Reflects Positivity
Image Source: Unsplash What we saw in the Q1 earnings season is a resilient and steadily improving profitability picture, both in terms of the growth rate as well as the evolving revisions trend. Positive revenue surprises were a bit less commonplace relative to other recent periods, but margins expanded at a better-than-expected rate. Total earnings for […]
America Needs To Go Cold Turkey On Debt
Image Source: UnsplashPeter recently appeared on the Bald Guy Money show for a conversation on gold’s role in American and global politics, the influence of the BRICS coalition on metals markets, and, as always these days, the disastrous monetary policy coming out of the Fed. Peter and Roger start their conversation by discussing how unlikely it is that the […]
This Perfect Pullback Could Be Our Biggest Win Of All Week
Image Source: Unsplash Wow, what a move today! We had a big move higher today, and a retest of all-time highs…Put those 2 clues together and this PERFECT PULLBACK could be our easiest money all week!Anytime I see a big move higher into all-time highs, there are (3) trades I look for the following day…#3 is […]
Asia Morning Bites For Thursday, May 16
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields tumbled after what was, objectively viewed, only a very modest undershoot of April’s inflation forecasts. The 2Y yield fell 9.1 basis points while the 10Y fell 9.9bp and is now just 4.34%. There was also some help from the retail sales release, and for […]
Elliott Wave Analysis For Major Indices S&P 500, SPY, Nasdaq 100, QQQ
Image Source: UnsplashS&P 500, SPY, Nasdaq 100, QQQ, DAX, FTSE 100, ASX 200: Elliott Wave Trading StrategiesElliott Wave Analysis Indices: SP 500 & NASDAQWave v of (v) of iii) of 1 of (5) of 3) of IToday, I will bring this count into the QQQ, SPY, DAX, FTSE, and ASX200. We’ll examine both the bigger picture […]
