Category Archive: Finance, No picture
FOREX : Weaker NFP And A Dovish Chair Powell Could Revitalise US Dollar Bears
Job creation fell short, unemployment rose, and wage growth remained subdued in the April employment report, setting the stage for a possible dovish turn from some key Fed officials this week. This shift could revitalize US dollar bears, although the dollar may consolidate for now pending key US inflation data next week.The underperformance of the Yuan today comes […]
Was April’s Correction Noise Or Signal For Global Markets?
April was a rough month for investors, but the rebound in asset prices in the early days of May has revived expectations that the worst has passed. PexelsA key catalyst for the turnaround in sentiment: Friday’s US payrolls data, which posted a substantially softer-than-expected rise in April. The crowd views the news as a net positive because it […]
Weekly Market Pulse: What Did He Say?
Coming into last week’s FOMC meeting, Jerome Powell was expected to be hawkish. I know that because numerous articles in the financial press told me so which makes me wonder if the articles themselves affected those expectations. Maybe. Unsplash Bloomberg is now producing a Fed Sentiment index that is powered by a natural language processing algorithm trained on more […]
Natural Gas In A Major Compression… [Dirty Dozen]
In this week’s Dirty Dozen [CHART PACK] we talk about a likely bottom in risk assets, along with a potential bottom in bonds, followed by an even more intriguing bottom in natural gas, plus more…Pexels“All of us began as research people. And we have a saying, the micro drives the macro. And we never thought we were […]
After 2 Up Weeks, Major US Indices End Last Week Right On 50-DMA
After peaking in March and dropping in mid- to-high single-digit percent, the major US equity indices have rallied the last two weeks, ending last week right on the 50-day.PexelsA takeout of the average, which was lost three weeks ago, is likely but a sustained move higher is unlikely as overhead resistance is galore..From the March […]
Visa study reveals 90% of stablecoin transactions are done by bots and large-scale traders
A recent study conducted by Visa and Allium Labs suggests that the vast majority of stablecoin transactions are initiated by bots and large-scale traders, not genuine users.The dashboard, designed to isolate transactions made by real people, found that out of approximately $2.2 trillion in total stablecoin transactions in April, only $149 billion originated from “organic […]
Solana And Ethereum Rallying, Furrever Token Marks Presale Success With $10,000 Competition
In the wake of a challenging week for the cryptocurrency market, several prominent coins, including Ethereum (ETH) and Solana (SOL), are signalling a potential recovery, showing resilience with two consecutive days of surges. As investor sentiment gradually improves, ETH and SOL have emerged as frontrunners in reclaiming lost ground, bolstering hopes of a broader market rebound. Amidst this backdrop, Furrever […]
Bitcoin’s blockchain has processed 1 billion transactions, 15 years after its creation
The Bitcoin network has achieved a significant milestone today by processing its one billionth transaction, marking a momentous occasion in the cryptocurrency’s roughly 15-year history.The milestone was reached on May 5, 2023, at 9:34 pm UTC, when transaction #1,000,000,000 was mined into block 842,241.This landmark event comes 15 years, four months, and four days after […]
Asia Open : Investor View The NFP Through An Optimistic Lens
MARKETSInvestor sentiment in Asia is poised to start the week on a positive note, drawing strength from last week’s upward trajectory in global stocks, calmer currency markets, and declining global yields across the curve. This sets the stage for a potentially favourable day for Asian stocks.After experiencing losses in April, equities staged a rebound in […]
Asia Morning Bites – Sunday, May 5
China’s Caixin PMI services and composite reports are set for release today. Indonesia reports growth data for the first quarter. Global Macro and Markets Global Markets: Friday’s soft US labour data has helped to boost rate cut expectations. A cumulative 45.8 basis points of easing is now priced into the December Fed funds futures contract, up from just 28.3bp before […]
