Should be fully ready to use nuclear weapons at any time
On Tuesday, North Korean leader Kim Jong Un announced that he would be increasing the country’s nuclear arsenal in order to respond to perceived threats from the United States and its allies. The announcement came amidst a highly publicized military parade in Pyongyang, which was held to mark the 90th anniversary of North Korea’s army. […]
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
The recent failures of three major U.S. banks have people predicting more bank collapses following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points. Charles Gasparino, an American journalist, stated that Wall Street’s “low-rate” junkies are ignoring the banking crisis. Quill Intelligence CEO, Danielle DiMartino Booth, predicts that the banking industry […]
Alert to any signs of persistent inflationary pressures
Bank of England’s Andrew Bailey has recently commented on the central bank’s need to be cautious of persistent inflationary pressures. This indicates that if these pressures persist, further monetary tightening will be required. Bailey has also stated that any response from the Monetary Policy Committee (MPC) will be anchored in the emerging evidence. With the […]
Nasdaq 100 to inch higher gradually towards 13075/13210 and perhaps even last August peak of 13720 – SocGen
The Nasdaq 100 index is currently experiencing a short-term uptrend, as evidenced by its recent golden crossover – a chart pattern that occurs when a short-term moving average crosses above a long-term moving average. According to economists at Société Générale, this development highlights the likelihood of further upside. In addition to the golden crossover, daily […]
Cathie Wood Says Price of Bitcoin Will Go Through the Roof if People Lose Confidence in Monetary System
Cathie Wood, the CEO of ARK Invest, has said that the price of Bitcoin (BTC) could skyrocket if the public loses faith in traditional financial systems. In a recent YouTube update, Wood discussed the potential of BTC to be a store of value and attract capital from investors who are seeking a more reliable store […]
RV sharing service RVnGo sets IPO price range
RVeloCITY Inc., the Phoenix-based recreational vehicle (RV) sharing service which operates under the name RVnGo, announced on Monday its plans for an initial public offering (IPO) on Nasdaq, under the symbol RVGO. The company said it intends to offer 3.33 million shares at an estimated price range of $4 to $5 per share. If successful, […]
BoE: May should be a close call – UOB
Policy Committee (MPC) decided to keep interest rates at their current level of 0.75%.” This position was widely anticipated by market analysts, given the uncertainty around Brexit negotiations and the potential impacts on the UK economy. The decision to leave policy rates unchanged comes as UK policymakers balance risks from a slowing global economy and […]
How the crypto industry reacts to recent bank bailouts
The early days of crypto were fuelled by a desire to cut the rigged banking system out of the people’s basic need to exchange goods and funds. However, as digital assets become more intertwined with a larger financial market, this tension is gradually fading. The recent wave of partial bailouts of failed institutions such as […]
Failure to reclaim 0.6780/0.6850 could trigger another down leg – SocGen
The AUD/USD pair has been holding steady at around 0.6650. However, analysts at Société Générale predict that if the pair fails to surpass the resistance zone of 0.6780/0.6850, the decline is likely to persist. According to them, AUD/USD has experienced a steady decline since forming a Head and Shoulders pattern near the peak of last […]
What Are Bitcoin CME Gaps And How Do You Trade Them?
Bitcoin CME Gaps: Understanding and Trading Them With the growing popularity of cryptocurrencies, especially Bitcoin, trading platforms are continuously introducing new financial products to meet traders’ needs. The Chicago Mercantile Exchange (CME) is one such platform that provides futures and options contracts on a variety of assets, including Bitcoin. However, what sets the CME apart […]