The federal agency opposes crypto industry demands to offer investors direct exposure to real underlying Bitcoin reserves. The U.S. Securities and Exchange Commission rejected a proposal from Grayscale to list a spot Bitcoin ETF on Read more…
US initial jobless claims dropped -2k to 231k in the week ending June 25, above expectation of 229k. Four-week moving average of initial claims rose 7.25k to 232k. Continuing claims dropped -3k to 1328k in Read more…
Three Arrows Capital (3AC) has become the first big domino to fall in the current crisis of confidence affecting the crypto industry. The crisis of confidence that is currently shaking the crypto industry has just Read more…
US personal income rose 0.5% mom, or USD 113.4B, in May, matched expectations. Personal spending rose 0.2% mom, or USD 32.7B. For the month, PCE price index rose 0.6% mom while core PCE price index Read more…
While overall inflation pressures are easing modestly, the impact of the fastest inflation in four decades is taking its toll on spending, BEA data indicated Thursday. The Federal Reserve’s preferred measure of U.S. inflation eased Read more…
Canada GDP grew 0.3% mom in April, matched expectations. Both goods-producing (+0.9%) and services-producing (+0.1%) industries were up, as 13 of 20 industrial sectors expanded. However, advanced information suggests that real GDP contracted -0.2% mom Read more…
ETHUSD (Ethereum) has experienced a sharp sell-off since early June, generating a fresh 18-month low of 879. Although the cryptocurrency managed to partially rebound and recoup some of its losses, downside pressures have re-emerged.The momentum indicators Read more…
The Euro extends steep fall against the dollar into third straight day on Thursday, following a 1.3% drop in past two days, with probe through 1.0419 (Fibo 76.4% of 1.0358/1.0614 upleg) adding to signals that Read more…
Hello fellow traders. USDCAD has given us another trading opportunity recently. As our members know, we’ve been favoring the long side in USDCAD and buying the dips in 3,7,11 swings. Reason for expecting further rally Read more…
Global central bankers aren’t taking their foot from the rate hike pedal, even if its means near-term recession, and that has stocks facing their worst start to the year since 1970. U.S. equity futures slumped Read more…