Category Archive: Finance, No picture

GBP/USD Price Analysis: Extends Losses And Approaches 1.2600

GBP/USD Price Analysis: Extends Losses And Approaches 1.2600

Image Source: Unsplash GBP/USD remains heavy as BoE delivers ‘dovish’ hold. UK Retail Sales crushed estimates, but PMIs were softer. Tested 50-DMA, bounced but remains above 100-DMA, sitting at 1.2638. The Pound Sterling prolonged its agony and fell for the second straight day after the Bank of England’s decision to hold rates unchanged, signaling that the beginning of the […]
Intel Stock Gains Amid Progress On Intel 3 Process

Intel Stock Gains Amid Progress On Intel 3 Process

Image Source: PexelsIntel Corporation (INTC) has made significant strides in its semiconductor manufacturing capabilities, announcing major progress with its Intel 3 process technology. This development led to the company’s stock showing positive movement in today’s trading session. Intel stock has seen slight gains at the time of writing, up 1.89% over the day. However, year-to-date, Intel’s stock is […]
“Everything Is Frozen”: Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled

“Everything Is Frozen”: Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled

Image Source: UnsplashOver 15,000 auto dealerships nationwide face major disruptions due to an ongoing cyberattack for the third day, shutting down their backend management systems. This has halted sales for some dealers and forced others to complete transactions the old-fashioned way: by hand. CDK Global, the leading provider of dealership management systems and digital retailing solutions, said cybersecurity breaches […]
Snail’s Pace Of Housing Market Rebalancing

Snail’s Pace Of Housing Market Rebalancing

Image Source: UnsplashExisting home sales have very limited value in economic forecasting since they are the trade of an existing product rather than indicating growth or contraction in the creation of a new product. Thus my main focus at present on this data is the extent to which it shows – or not – the rebalancing […]
And More Warning Signs For Stocks

And More Warning Signs For Stocks

Image Source: PexelsToday is one of the enormous quarterly derivative expiration days where markets tend to see huge volume with a few oddities during the afternoon. I don’t see much else and I will touch on Thursday’s dramatic downside reversal on Monday.Following up from yesterday’s somewhat negative bent on the stock market, I want to share […]
Launch date for Ethereum ETF in the US reiterated as July 2nd by Bloomberg ETF analyst

Launch date for Ethereum ETF in the US reiterated as July 2nd by Bloomberg ETF analyst

The initial date for spot Ethereum exchange-traded funds (ETF) trading in the US is still July 2nd, according to Bloomberg ETF analyst Eric Balchunas. In an X post, Balchunas doubled down on this date, highlighting that “a bunch of amended S-1 Forms” for those ETFs might be filed today. “Then ball’s in SEC’s court to […]
What Do The Latest Economic Numbers From China Reveal?

What Do The Latest Economic Numbers From China Reveal?

Image Source: Pexels Home-price declines accelerated in China during May, falling by 4.3% on a year-over-year basis UK headline inflation dipped to 2%, matching the Bank of England’s target U.S. retail spending slowed during May On the latest edition of Market Week in Review, Director and Senior Investment Strategist Alex Cousley discussed recently released economic data […]
Stocks To Watch Today: PANW, FactSet Research, And TXN

Stocks To Watch Today: PANW, FactSet Research, And TXN

Image Source: UnsplashThree notable technology companies saw significant developments that impacted their stock prices in a day of mixed market performance. Analysts gave Palo Alto Networks (PANW) a new price target, FactSet (FDS) reported strong earnings and raised guidance, and Texas Instruments (TXN) announced a strategic collaboration in the electric vehicle sector. Palo Alto Networks Gains […]
Bitcoin miners unload their reserves at fastest pace in over one year, data shows

Bitcoin miners unload their reserves at fastest pace in over one year, data shows

Bitcoin (BTC) miners have offloaded over 30,000 BTC in June so far, roughly equivalent to $2 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This is the fastest pace of miners’ sell-off in over one year. The halving is believed to be a significant factor in this trend, as it has led to reduced profit margins […]
Existing Home Sales Drop Slightly But Median Price Hits New Record

Existing Home Sales Drop Slightly But Median Price Hits New Record

Image Source: Unsplash Existing-home sales declined 0.7 percent in May. It was the 22nd decline in 28 months. But the median price hit a new record.   Existing-home sales courtesy of the National Association of Realtors (NAR)The NAR reports Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300  Key […]