The recent announcement by Morgan Stanley allowing its financial advisors to offer bitcoin ETFs to eligible clients marks a significant shift in the landscape of wealth management on Wall Street. This move by one of the largest wealth management firms in the world reflects the growing acceptance and adoption of bitcoin by mainstream finance. It
In July of this year, U.S. job growth slowed down more than anticipated. Nonfarm payrolls only increased by 114,000 jobs, following a downwardly revised 179,000 gain in June. This slowdown has raised concerns about the health of the labor market and the possibility of an impending recession. The unemployment rate increased to 4.3% in July,
Investors are facing a challenging time as risk assets are poised for a significant downturn in European and global markets. The recent softer-than-expected ISM report on U.S. manufacturing has sparked worries about the economic outlook. This has caused a shift in sentiment, with optimism over the Federal Reserve’s signals on a September rate cut being
The recent escalation in geopolitical tensions in the Middle East has been a significant factor contributing to the increase in West Texas Intermediate (WTI) crude oil prices. The assassination of Hamas leader Ismail Haniyeh in Tehran, which both Iranian officials and Hamas have attributed to Israel, has raised concerns about potential retaliation and further instability
In extended trading, Apple saw its share price inch higher after beating analysts’ estimates on both the top and bottom lines. The company reported fiscal third-quarter earnings of $1.40 per share, surpassing the expected $1.35 per share. Revenue also exceeded expectations, coming in at $85.78 billion. This positive performance from Apple can be attributed to
As an investor navigating the complex world of financial markets, it is crucial to exercise caution and diligence in every decision-making process. The information available on various platforms, including news, publications, and personal analyses, should be treated as educational material aimed at enhancing your understanding of the market. It is vital to note that this
DSYNC Destra Network Token is undergoing a complex corrective structure as per the Elliot Wave analysis. The token reached a high of $0.5 in March 2024, marking the first rally from the lows as a wave ((1)). However, it then started a corrective decline unfolding as a Double Three structure, resulting in an 82% loss
The advisory board to the German Finance Ministry has raised concerns about the three options being considered to reduce a 17 billion euro budget shortfall. In a letter that was obtained by Reuters, the board highlighted the problematic nature of these options. These options include using extra funds from state bank KfW, converting grants from
The European Central Bank (ECB) is facing challenges as a weak eurozone economy threatens to drag inflation below its 2% target. In an interview published on Thursday, ECB policymaker Yannis Stournaras expressed his concerns about the current economic situation, highlighting the possibility of two interest rate cuts this year. Stournaras, the head of the Bank
During the Federal Open Market Committee (FOMC) meeting in July, Chairman Jerome Powell hinted at the possibility of a rate cut in the near future. While Powell did not provide clear guidance, he suggested that the committee is edging closer to implementing a rate cut, with September being a potential target month. According to insights
The British pound sterling is facing a steady decline against the US dollar, as the GBP/USD pair is moving towards 1.2848. The pressure from the USD rate is a major contributing factor to this trend. However, the upcoming Bank of England meeting and its decision on interest rates are also playing a significant role in
The EUR/GBP cross has been gaining ground, reaching approximately 0.8450 during the early European session, with a 0.35% increase on the day. There are mixed expectations regarding a potential rate cut by the Bank of England, which has led to uncertainty in the market. Eurozone Inflation Data The recent rise in Eurozone inflation has sparked