Category Archive: Finance, No picture
Thoughts For Thursday: New Highs Expected While Market Slows
Indices are poised to hit new highs, but market activity slowed on Wednesday despite additional positive Q1 earnings reports. Pexels Yesterday the S&P 500 was unchanged at 5,188 points, the Dow closed up 172 points at 39,056 and the Nasdaq Composite closed at 16,303, down 30 points. Chart: The New York Times Most actives were led by Uber (UBER), down […]
Trump vows to end hostility toward crypto and promote supportive environment for businesses in the US
Donald Trump has pledged to end hostility toward crypto and keep crypto businesses in the US. His declaration was made at the Trump Cards NFT Gala, an exclusive event for holders of his NFTs, on May 8. “If crypto is moving out of the US because of hostility toward crypto… well, we’ll stop it. We […]
Daily Market Outlook – Thursday, May 9
Image Source: Pexels The Asia-Pacific equity markets are showing mixed performance today. China’s trade surplus for April increased by less than anticipated, mainly due to a notable rise in imports. Asian bond prices fell, following the sell-off in US Treasuries. Chinese stocks increased due to positive trade data and indications of property market support. Benchmark rates […]
FX Daily: Sterling On The Edge
Image Source: Unsplash Amid quiet FX trading conditions, attention during European hours falls squarely on the Bank of England’s policy decision announced at 1:00pm CET. The big question is whether sterling should be priced closer to the Fed/dollar cycle or closer to the ECB/euro. It may be too early for the BoE to signal a June hike today, […]
Over $20M in bridged Ether returned to ZKasino wallet
In a surprising turn of events, more than $20 million worth of bridged Ether has been mysteriously returned to the multisignature wallet of blockchain-based gambling project ZKasino, nearly three weeks after users accused the platform’s founders of orchestrating an exit scam.On May 9, an X feed dedicated to recovering funds from the ZKasino exit scam […]
British Pound Breaks Key Trendline Support Against US Dollar
Image Source: UnsplashThe GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely been completed at the 1.2633 high. Deeper Pullback Likely Following the trendline breakdown, a deeper pullback in the GBPUSD appears likely over the […]
2 Tech Stocks To Consider After Impressive Q1 Earnings Beats
Image Source: PexelsMostly attributed to the Magnificent Seven, tech stocks have fueled the Q1 earnings season with total S&P 500 earnings now expected to be up 5% from the previous period.Although many of the technology-driven stocks in this week’s earnings lineup may not be household names there are quite a few that stand out after impressively […]
Earnings Growth Poised To Accelerate
Image Source: Unsplash Total earnings for the 440 S&P 500 members that have reported Q1 results are up +5.0% from the same period last year on +4.2% higher revenues, with 78.0% beating EPS estimates and 60.9% beating revenue estimates. The earnings and revenue growth pace for these 440 index members represents a modest acceleration from what […]
Another Flat Day With Big Afternoon Earnings: ARM, ABNB & More
Image Source: UnsplashMarkets were flat again this Hump Day. Over the past week or so of trading, the major indices have been treading water. For the past month, the Dow and the Nasdaq are marginally in the green, while the S&P 500 is marginally in the red and the small-cap Russell 2000 is -0.9%. For today’s […]
Everything You Need To Know About Gold Stocks
Image Source: UnsplashAfter the introduction of Gold and Silver ETFs and a 13-year secular bear market, everyone knows gold miners suck. Just ask Hugh Hendry.But the truth is far more nuanced.Here is almost everything you need to know, divided into a list.1) Gold Stocks are Options on the Gold PriceThe introduction of the first Gold ETF […]
