Category Archive: Finance, No picture
USD/JPY Rises To Near 154.00 Amid Improved US Dollar
USD/JPY extends gains for the second successive session, trading around 154.00 during the European hours. Unsplash The upward correction in the US Dollar (UUP) provides support for the US Dollar, consequently, underpinning the USD/JPY pair. However, the Greenback could face resistance due to investors’ optimism following the softer US labor data on Friday. This development has reignited hopes for […]
Binance CEO calls for release of detained officer in Nigeria
Richard Teng, CEO of Binance, has publicly asserted that Tigran Gambaryan, the exchange’s compliance officer detained in Nigeria, is “innocent and must be released.”Gambaryan, a US citizen overseeing financial crime compliance at Binance, and Nadeem Anjarwalla, the exchange’s regional manager for Africa were detained on February 26 in Abuja, Nigeria’s capital city. The detention was […]
Communications, Energy Are 2024’s Sector Leaders For US Stocks
The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close (May 6). Both sectors are outperforming the broad market and their counterparts. Unsplash Communication Services Select Sector SPDR Fund (XLC) and Energy Select Sector […]
In Defense Of Staying Private
I’m not a contrarian by nature, but I do enjoy being a devil’s advocate and while reading a recent piece by JP Morgan on the importance of a reinvigorated private equity exit environment, I couldn’t help but come up with an opposing perspective. Pexels Certainly, JP Morgan is not alone in observing and ruing the dearth of exits, as […]
Tuesday Talk: Still Flying
The stock market is still on the upswing. For all the anti-Fed pundits, the market seems to be going with Chairman Powell for now.UnsplashOn Monday the S&P 500 closed at 5,180, up 53 points, the Dow closed at 38,852, up 177 points, and the Nasdaq Composite closed at 16,349, up 193 points.Chart: The New York TimesMost […]
Bitcoin ETF snapshot: Grayscale Bitcoin Trust records new gains, Fidelity leads daily Bitcoin ETF inflows
In Monday’s trading session, Grayscale’s spot Bitcoin exchange-traded fund, Grayscale Bitcoin Trust (GBTC), saw $3.9 million in net inflows, according to data from Farside Investors. Leading the charge, Fidelity’s Wise Origin Bitcoin Fund (FBTC) reported substantial inflows of around $99 million, surpassing BlackRock’s iShares Bitcoin Trust (IBIT), which saw inflows of around $21.5 million.Spot Bitcoin […]
Could A MONSTER Gain Be Coming? Here’s What OUR Data Show
Image Source: UnsplashThe rips and dips keep coming for equities. The Fed presser from Wednesday offered little confidence for investors. We’ll let other research shops recap that narrative. At MAPsignals, we’re going to focus on what we do best: Money Flows.Our market North Star, the Big Money Index (BMI), has been in free-fall for weeks…even dropping further […]
Bitcoin booed at Ohio State University commencement ceremony
During the Ohio State University 2024 Spring Commencement, Christopher Pan, the founder of MyIntent, an online jewelry retailer, gave financial advice to the graduating class, including his thoughts on Bitcoin. However, his remarks were met with boos from the crowd, indicating a degree of disapproval towards BTC.In his speech, Pan turned his attention to Bitcoin […]
Philippines: Inflation Was Lower Than Expected But Stayed Elevated Due To Rice
Image Source: Pexels Inflation slips below consensus April headline inflation rose to 3.8% year-over-year, below the market consensus of 4.1% YoY, but up from the March 3.7% rate. CPI surprisingly fell 0.1% from the previous month. Market participants were expecting a month-on-month CPI increase of 0.2%. Core inflation on the other hand headed lower, settling at 3.2%YoY from 3.4%YoY […]
REA GROUP LTD Stock Analysis & Elliott Wave Technical Forecast Analysis
Image Source: UnsplashASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA. We identified that wave 2-red may have just ended, and wave 3-red could push much higher.ASX: REA GROUP LTD – REA Elliott Wave Technical Analysis ASX: REA […]
