“Digi-Asset ETFs’ Unprecedented Double Whammy: Net Outflows Continue for 2nd Straight Week!”
Digital asset investment products have recorded their second consecutive week of net outflows, with $72 million in withdrawals, as investors brace for the impact of an impending interest rate hike and the continuation of banking turmoil. US regulators recently seized control of the First Republic Bank, heightening market uncertainty. Despite three consecutive weeks of notable […]
“Futures Traders Raise Odds for Year-End Rate Cuts amid Fears of Regional Bank Crisis”
Market participants have increasingly been pricing in multiple rate cuts by the US Federal Reserve in 2023, with a 59% chance of the central bank’s main policy rate target falling to between 4.25% and 4.5%, according to the CME FedWatch tool. This represents a significant increase from the 28% chance recorded on Monday and implies […]
“Labour Market Begins to Relax: Exciting Shift Expected in Q1, TDS Reports!”
The Global Strategy Team at TD Securities (TDS) has provided a brief preview of the upcoming release of the quarterly employment details from New Zealand, which is scheduled to take place during the Asian session on Wednesday. TDS expects labor market tightness to show signs of easing in the first quarter, with the unemployment rate […]
Discover Curve Finance’s crvUSD Stablecoin: Launched On Sepolia Testnet for Seamless Crypto Transactions!
Curve Finance, a leading decentralized exchange (DEX) focused on the stablecoin market, has deployed smart contracts for the crvUSD decentralized stablecoin on the Sepolia testnet. Sepolia is one of the two primary testnets used by Ethereum developers to test and verify code before deploying it on the mainnet. Founded in 2020, Curve has quickly emerged […]
“Expeditors Defies Odds: Surpasses Profit Predictions Despite Sinking Revenue & Weak Logistics Demand”
Expeditors International of Washington Inc., a global logistics company, reported its Q1 2021 results, which showed a net income of $226 million or $1.45 per share, down from $346.1 million or $2.05 per share in the same period last year. While the profit exceeded expectations, the company’s revenue fell 44.4% to $2.59 billion, underperforming the […]
“RBA’s Surprising Hike Spree Continues – How Many More on the Horizon? – TDS”
Analysts at TD Securities note that the Reserve Bank of Australia (RBA) surprised the market by raising its policy rate by 25 basis points to 3.85%. The decision to raise rates came soon after the Q1 CPI release revealed inflation fell more than the RBA expected. “We expected the Bank to remain on hold at […]
“Uniswap (UNI) Price Poised for Impressive Rebound: Don’t Miss Out on the Rally!”
Uniswap (UNI) is a decentralized trading protocol popular for facilitating automated decentralized finance (DeFi) token trading. In April, the token saw a boom in DeFi trading, driving its price to the $6.5 milestone. Despite this promising start, the UNI price has experienced a 17% decline from its local peak of $6.4 recorded on April 14. […]
Molson Coors Stuns with a Whopping 82% Jump in Adjusted Profits!
Molson Coors Beverage Co. (TAP) saw its stock price rise by 0.9% in premarket trading after reporting impressive Q1 results. The beer maker attributed the growth to increased market pricing, a rising sales mix, and higher demand in the US and European markets. For the first quarter of 2021, Molson Coors reported a net income […]
AUD/USD Retreats from 1-Week Peak, Remains Attractive Below 0.6700 Threshold
The AUD/USD pair has retreated slightly from a one-week high and currently trades just below the 0.6700 mark during the first half of the European session. However, it is still up over 1% for the day. The Australian Dollar (AUD) has strengthened across the board in response to the Reserve Bank of Australia’s (RBA) surprise […]
“Bitcoin Plunges to New Lows, Experts Say $25K Drop is Imminent: Should You Hold or Sell?”
Bitcoin (BTC) battled to maintain support at $28,000 on May 2 after the month opened at multi-day lows. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it returned to the $28,000 mark on Bitstamp. The previous day’s Wall Street opening had brought in the latest wave of downside volatility, with the pair dipping […]