Category Archive: Finance, No picture
Big Quarterly Beats After The Bell: AAPL, SQ, COIN & More
Image Source: PexelsMarket indices put up healthy numbers this Thursday. Following well-behaved Jobless Claims figures (but surprisingly worse Productivity/Unit Labor Costs), off a mostly down day Wednesday and a tough ride since Monday’s high, markets forged higher: the Dow gained +322 points, +0.85%, the S&P 500 was +0.91%, the Nasdaq up an impressive +235 points, +1.51%, […]
This Bull Trap Could Be Our Biggest Win Of The Week
Image Source: Unsplash Non-Farm Friday… Let’s Do This! Markets are bullish into the close, but I see (3) reasons why this Bull Trap might be our biggest win of the week!Everything’s bullish right now, but the charts are telling me this might be nothing more than a Bull Trap…Here are (3) Bull Trap setups I’m tracking […]
SEC will classify ETH as security and reject spot Ethereum ETFs, says Michael Saylor
Michael Saylor believes that the US Securities and Exchange Commission (SEC) will label Ethereum as a security this summer and consequently deny all spot Ethereum ETF applications. He also claimed that other major cryptos like Binance Coin (BNB), Solana (SOL), Ripple (XRP), and Cardano (ADA) will likely face similar security classifications from the SEC. “Ethereum […]
Asia Morning Bites For Friday, May 3
Image Source: UnsplashGlobal macro and markets Global Markets: US Treasury yields continued to decline on Thursday ahead of today’s US non-farm payrolls release. There is some market speculation that Fed Chair Powell hinted at a weak payroll number at the recent FOMC meeting. This may be helping to push yields lower. 2Y yields fell 8.7 basis points, while the yield […]
NFP: The Ultimate Litmus Test For Doves Vs. Hawks And A Central Bank Intervention Masterclass
Image Source: UnsplashUS nonfarm payrolls will undoubtedly be the focal point of upcoming data releases. The estimated figure stands at 241k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year. This anticipated decrease suggests a potential softening in the labour market, which could impact market sentiment […]
Current Analysis: PT Astra International
Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.PT Astra International Tbk (PTAIY) is an Indonesia-based conglomerate of companies operating in seven segments: (1) Automotive, (2) Financial Services, (3) Energy (HEMCE), (4) Agribusiness, (5) Infrastructure and Logistics, (6) Information Technology, and […]
Apple’s Bullish Results Fuel Market Surge: Jobs Report Holds Key Tomorrow
Image Source: UnsplashHow shall I put this? Let’s see: Apple has delivered everything the bulls want on a silver platter. If the market doesn’t go raging to new highs tomorrow, you can forget about it, because AAPL only gets to report once and, at the moment, with very bull-friendly results.In turn, the Dow 30 futures in […]
AUD/USD Post Moderate Gains On Solid US Data, Weak Aussie PMI
Image Source: Unsplash Australian Dollar appreciates against USD, driven by positive sentiment and strong US economic data. US Dollar Index falls 0.27% after Fed keeps rates steady and signals slower Quantitative Tightening. Chair Powell stresses data-dependent policy amid slow inflation progress. Australia’s Judo Bank Services PMI disappoints investors, coming at 53.6, down from 54.2, missing estimates. […]
Apple Soars After IPhone, China Sales Drop Less Than Feared; Unveils Record-Breaking $110 Billion Buyback
Image Source: UnsplashWith most of the mega techs having already released earnings, all eyes were on the last Mag7 to report during the heart of earnings season (there is still Nvidia, but due to a calendar quirk that’s not for a month) which is also the company which until recently was the undisputed market cap world […]
Ethereum Name Service challenges Unstoppable Domains’ patent
Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent obtained by Unstoppable Domains (UD) in 2023. ENS claims that UD’s patent utilizes technology that ENS had developed and open-sourced.In a statement on social media platform X, ENS explained that UD obtained a patent […]
