Financial News
- Ibrahim Ajibade
XRP price is poised to rally above $1,000 according to an Analysts’ liquidity sheet factoring in a daily cross-border payment volume of $1 trillion.
- Ibrahim Ajibade
Shiba Inu (SHIB) has continued to attract the attention of crypto traders in India as it became the most traded coin on WazirX exchange for April 2024.
- Bob Mason
FOMC member commentary, economic indicators from China, and key stats from Germany and Japan will warrant investor attention in the week ahead.
- Bob Mason
The BTC-spot ETF market tested buyer demand for BTC, while XRP trended upwards amidst court filings from the SEC and Ripple.
- Ibrahim Ajibade
Shiba Inu (SHIB) price surge 20% within the daily timeframe on Friday May 3, as market reacted to a landmark Paypal integration.
- Vladimir Zernov
The index indicated contraction after 15 consecutive months of growth.
- James Hyerczyk
The U.S. labor market displayed signs of cooling in April, with job growth falling short of expectations and the unemployment rate inching higher.
- James Hyerczyk
Apple’s Q2 EPS of $1.53 beats forecasts, share buyback and dividend hike boost shares; CEO Cook optimistic despite sales issues.
- Vladimir Zernov
Natural gas market is trying to form a bottom as traders bet on a rebound.
- James Hyerczyk
Market outlook positive with stable jobs, rising costs, and a slight trade deficit improvement hinting at balanced growth.
- Ibrahim Ajibade
Changpeng Zhao, the Binance Founder/ ex-CEO, was sentenced on Tuesday, April 30 to four months in prison after pleading guilty to violating US money-laundering laws.
- Vladimir Zernov
Fed noted that there has been a lack of progress towards its 2% inflation target in recent months.
- Vladimir Zernov
JOLTs Job Openings declined to 8.49 million in March, missing analyst expectations.
- James Hyerczyk
April’s private payrolls beat expectations, with a multiyear low in wage growth offering relief amidst inflation concerns.
- Alvise Lennkh
Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible including for highly indebted countries, says Scope Ratings.
- Vladimir Zernov
According to the report, consumers became more concerned about future business conditions, job availability, and income.
- Eiko Sievert
After five years of near-zero cumulative growth since the pandemic, Germany’s recovery is unlikely to accelerate without policy reform and an increase in net investment, supported by its significant fiscal space.
- James Hyerczyk
Coca-Cola’s EPS reaches 72 cents with $11.30 billion revenue; company raises growth forecast; McDonald’s struggles in Middle East.
- Ibrahim Ajibade
MicroStrategy’s Bitcoin holdings increased by 122 BTC in April, according to Q1 2024 report. The Michael Saylor-led firm now holds BTC worth $13.6 billion.
- Bob Mason
Investor focus shifts to German GDP, Eurozone GDP, Eurozone inflation, and US economic data post German retail sales surge.