Multiple Headwinds Cause Financial Stocks to Tumble: What’s Next?
Unfavourable Day for Financial Stocks in the S&P 500 On Tuesday, financial stocks faced the ire of investors and market forces, ranking among the worst-performers in the S&P 500 SPX. The sector wrestled with more than one disruptive challenge that led to its poor performance on the trading floor. New Rules and Oversight on the […]
Analyst Predicts ADA’s Potential Dwindling Stand Against Powerhouses BTC, ETH & USD!
Analyst Predicts Downtrend for Altcoin In his latest analysis for Cardano (ADA), trader and analyst Benjamin Cowen predicts that the altcoin may continue to drop in the coming weeks. This bearish outlook primarily stems from his observation that the total liquidity for the cryptocurrency market continues to decline. Projected Drop in ADA/BTC According to Cowen’s […]
“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 […]