“Ruble’s Dim Future – Will Medium-Term Weakening be Fueled by Shrinking Surplus? Commerzbank Explains!”
Commerzbank economists predict that the USD/RUB pair will reach 80 by the end of the year and 90 by December 2024, as Russia’s capital account closure for major hard currencies leads to depreciation. The exchange rate only reflects daily trade flows, most of which is energy trade, rather than its forward-looking role based on expectations […]
Arthur Hayes Forecasts Tumultuous Bitcoin Bull Run Amid Looming Financial Tsunami – Read More!
Arthur Hayes, the former head of major cryptocurrency exchange BitMEX, has written a new essay called “The Denominator” in which he attempts to answer the question of who will pay for the banking crisis fueled by the Fed’s deflationary policies. In his essay, Hayes compares the current situation in the U.S. banking sector to friends […]
“US Stocks Dip as Eager Investors Brace for April’s Revealing Inflation Report!”
Rewrite and expand this content to 900 words U.S. stocks opened lower Tuesday, as investors await remarks from Federal Reserve Bank of New York President John Williams and look ahead to Wednesday’s inflation report. The Dow Jones Industrial Average DJIA was down 0.2% soon after the opening bell, while the S&P 500 SPX fell 0.4% […]
“Low Downside Risk for Peso: Mexican Inflation Data Reveals Promising Outlook, Says Commerzbank”
Rewrite and expand this content to 900 words Share: Today’s Mexican inflation data for April is unlikely to have a negative impact on the Peso, economists at Commerzbank report. MXN depreciation risks likely limited “We see little downside risk for the MXN after today’s data, as any negative surprise on inflation should be […]
“Revolutionizing NFTs: Bitcoin Ordinal’s Sky-High Ascent in Blockchain Technology!”
Since the advent of non-fungible tokens (NFTs), the digital collectibles market has experienced unprecedented growth. Among the multiple NFT platforms, Bitcoin Ordinals has emerged, bringing NFTs to new heights by utilizing the power of Bitcoin’s blockchain. The development of Bitcoin Ordinals and BRC 20 has been significantly contributed by the BSV community. Unisat, the core […]
WeWork Stocks Plunge: Losses Shrink More Than Expected, Revenue Outlook Disappoints Projections
Shares of WeWork Inc. (WE) fell 0.6% in premarket trading on Tuesday after the flexible office workspace provider reported a narrower-than-expected first-quarter loss, mostly in line with quarterly revenue forecasts. However, the company’s second-quarter outlook is below Wall Street projections. In Q1, WeWork’s net losses reached $264 million or 34 cents a share, a slight […]
“Surprise Surplus: Australian Govt Unveils A$4.2 Billion Boost in 2022/23 Budget Forecast!”
Australian Treasurer Jim Chalmers has presented the country’s budget for the fiscal year 2023/24 (July-June), which was released on Tuesday. Key highlights from the budget include the government’s forecast for the budget deficit, inflation, GDP growth, unemployment, population growth, commodity prices, and net debt as a percentage of GDP. According to the budget, the government […]
Klaytn & SafePal Team Up, Unlocking Seamless Crypto Accessibility for 10M Eager Users
Rewrite and expand this content to 900 words Blockchain blockchainreporter.net 33 m Reading time: ~2 m SafePal, a multi-chain wallet for cryptocurrency, has started a partnership with Klaytn (a public blockchain dealing with creator economy, GameFi, and the Metaverse). As included in the collaboration, the integration of Klaytn into SafePal is focused on enabling […]
Western Digital’s Future Bleak, Despite Results Surpassing Estimates: A Dark Outlook Unveiled
Western Digital Corp., the data-storage device company, witnessed a oscillation in shares between slight losses and gains during the extended session on Monday. This was a result of better than expected outcomes but weak forecasts. The shares wavered between a 2% loss and a 2% gain after hours, following an increase in the regular session […]
“Discover May 9th’s Exciting FX Option Expiries: A New York Cut You Can’t Miss”
The option expiries for May 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below. For EUR/USD, the amounts in EUR are as follows: – At 1.1025, the amount is 628 million – At 1.1115, the amount is 581 million – At 1.1200, the amount is 550 million For GBP/USD pair, the […]