Category Archive: Cryptocurrency, No picture
US authorities identify and charge Russian mastermind behind LockBit ransomware group
The US Department of Justice (DOJ) has identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang and is offering a $10 million reward for information leading to his arrest.In a 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted, and oversaw the LockBit software, recruiting “affiliates” […]
Standard Chartered predicts Bitcoin boost from Trump re-election
The prospect of Donald Trump returning to office after the US presidential election in November could be a positive catalyst for Bitcoin’s value, said Standard Chartered in a report on Tuesday. The bank suggests a Trump election victory could lead to a more crypto-friendly regulatory landscape. “We think that a second Trump administration would be […]
The S&P 500 Comes To The Critical 5,200 Level
Image Source: Unsplash The S&P 500 is close to filling the gap and hitting multiple resistance levels at 5,200. This is happening as spreads between Italian and German rates widened again.Video Length: 00:08:58More By This Author:Stocks, Rates, And The Dollar Rise On May 6, 2024 Stocks Hit Major Resistance As Rates And The Dollar Find Key […]
S&P 500 Earnings Dashboard 24Q1 – Tuesday, May 7
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.9%. If the energy sector is excluded, the growth rate for the index is 10.9%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
The Export-Driven Growth Model Is Back In Germany
Image Source: Pexels March exports increased by 0.9% month-on-month, from -2% MoM in February. At the same time, imports increased by 0.3% MoM, from 3.2% MoM in February, widening the trade balance to €22.2bn from €21.4bn in February. Don’t forget that this is in nominal terms and not corrected for high inflation. While March trade data provided a […]
US Dollar Trades Flat With TIPP Economic Optimism Retreating
The US Dollar (USD) trades flat with the US trading session coming online for this Tuesday, and again easing the Greenback as seen on Monday in a similar pattern. Markets were pricing in again some risk premium as Israel looks set to start its ground invasion in Rafah, and Egypt has chored up its border […]
The RBA Kept All Monetary Policy Settings. Oil Rises Amid The Breakdown Of Negotiations Between Israel And Hamas
At Monday’s close, the Dow Jones (US30) Index added 0.46%, while the S&P 500 (US500) Index was up 1.46%. The NASDAQ Technology Index (US100) closed positive 1.19% yesterday.The Dollar Index stabilized above 105 on Tuesday as investors continued to assess the Federal Reserve’s monetary policy outlook in light of the central bank’s recent comments. New York Fed Chairman John Williams said decisions on […]
Crypto products experience $1 billion in total outflows over four weeks
Crypto products registered outflows for the fourth consecutive week, totaling over $1 billion in the period, according to asset management firm CoinShares. Despite the start of spot Bitcoin and Ethereum exchange-traded funds (ETFs) trading in Hong Kong, Bitcoin ETFs saw $156 million in outflows globally last week.James Butterfill, head of research at CoinShares, suggests that […]
Aussie Market Commentary – Tuesday, May 7
Aussie Sold Post-RBAThe Australian Dollar has come under pressure across early European trading on Tuesday as traders digest the latest monetary policy meeting from the RBA overnight. The bank held headline interest rates steady at 4.35%. However, the tone of the meeting was less hawkish than many were looking for, leading to the current sell-off […]
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 […]
