USD/CAD Analysis: Anxious Speculative Wagers As Higher Realms Touched
Another dose of nervousness has hit USD/CAD traders as the currency pair tests short-term highs and is within grasp of apex values seen in the middle of April. Yesterday’s GDP numbers from Canada came in below expectations, which essentially put the Bank of Canada into the same difficult position the U.S Federal Reserve is battling. […]
Bitcoin Price Dips Below $58k For The First Time In 60 Days
Image Source: DepositPhotosThe BTC chart is depicting consistent downswings and dips which has now dipped below $58,000 for the first time in 60 days. This has added to the slowing market demand since the recent halving. The Long-term investors’ bearish activity has been the major reason for the price drop. Also, with BTC now trading […]
Bear Of The Day: Ashtead Group
On the surface, Ashtead Group’s (ASHTY) robust bottom line as a premier construction and industrial equipment provider in the United States and United Kingdom may be very enticing.However, the market tends to sniff out companies that may not be able to deliver on their lofty expectations which can send a stock faltering if this materializes. Unfortunately, […]
Share Price Of Alvotech Up 28%
In my prior post from early April, I mentioned that I was closely watching if the OMXIPI and OMXI15, the two main benchmarks for the Icelandic stock market, are in the process of reversing their long-term trends from down to up. So far both indices have held key support levels with the moving averages still […]
Bitcoin Commentary – Wednesday, May 1
Bitcoin Breaks SupportBitcoin prices have fallen back to their lowest level since February today, with BTC futures breaking down below the 60695 price level which has underpinned the market over recent months. Fears of a hawkish shift from the Fed are amplifying the selling with traders bracing for a firmer Dollar on the back of […]
Coffee Commodity Elliott Wave Technical Analysis
Coffee Elliott Wave Analysis Function – Counter-trend Mode – Corrective Structure – Possible Zigzag for B Position – Wave B of (Y) Direction – Wave B of (Y) is still in progress Details – Wave B is still in progress. It looks to be in the last leg for a zigzag structure. The decline could continue to […]
May Day Fed Day
Overview: Much of Asia and Europe are off for the May Day labor holiday. The dollar is mostly softer in the thin activity. However, the dollar has edged higher against the yen to approached JPY158. Image via Marc To Market The euro initially fell to $1.0650, a six-day low and where a billion euros in options expire later today. […]
Bitcoin Price Prediction For May: Here’s What In Store For BTC Price
The recent 5% drop in Bitcoin’s price, pushing it down to $60,000, highlights a significant downturn following a weeks-long decline from its peak near $75,000 in mid-March. Now, Bitcoin faces a double whammy as it breaches a crucial technical support level, potentially signaling further short-term downside. Pixabay Bitcoin Price to Take a Dip Below $40K? Experts Weigh […]
What Blackstone’s Huge Office Mortgage Write-Off Really Means
Last week, commercial mortgage REIT Blackstone Mortgage Trust (BXMT) reported first-quarter earnings, and the loan charge-offs are starting to pile up.Pixabay The BXMT results give us a snapshot of the commercial mortgage market, specifically office mortgages.We can also examine the prospects for this finance REIT and its competitors. BXMT has a $21.1 billion portfolio of 171 senior loans […]
Median Household Income In March 2024
Motio Research reports median household income increased in March 2024. The firm estimates the income earned by a typical American household increased by $906 (+1.2%) from its initial estimate of $77,265 for Febuary 2024.Motio Research’s estimates are based on income data collected by the U.S. Census Bureau as part of its monthly Current Population Survey. The firm adjusts […]
