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Financial News
- Vladimir ZernovGasoline inventories decreased by 0.2 million barrels.
- James HyerczykThe April CPI reading is hinting at easing inflation, however, the Fed is expected to hold rates steady despite investor optimism.
- Vladimir ZernovFed Chair does not think it’s likely that the next move is a rate hike.
- James HyerczykThe unexpected rise in the PPI adds to the inflationary pressures facing the economy, potentially influencing the Fed’s monetary policy decisions.
- Bob MasonThe UK Labor Market Overview Report sent mixed signals. Upward wage growth trends may test investor bets on a June BoE rate cut.
- Ibrahim AjibadeBillionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump’s courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and
- Bob MasonThe US CPI Report could prove pivotal for the global financial markets. Nevertheless, stats will also put the BoE, ECB, and the RBA in focus.
- Ibrahim AjibadePEPE has showcased some impressive performance over the last few days, with the memecoin now steadily closing in on its all-time high.
- Bob MasonThe US BTC-spot ETF market saw modest inflows in the week ending May 10, with Fed policy uncertainty and intensifying SEC scrutiny testing buyer demand.
- Ibrahim AjibadeBinance Hit with $4.3 Million Fine in Canada Canadian financial regulators levied a C$6 million ($4.3 million) fine against leading cryptocurrency exchange Binance citing two separate “administrative violations” of the country’s financial regulations. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the nation’s financial intelligence unit, said in
- Vladimir ZernovYear-ahead inflation expectations increased from 3.2% in April to 3.5% in May.
- James HyerczykTraders should watch for signs of easing in ECB’s monetary policy, which could influence market trends and investment decisions in the coming months.
- Bob MasonService sector growth reignites, with a notable 0.7% increase in Q1, marking the first quarterly rise in a year, supporting the rebound in the UK economy.
- Ibrahim AjibadeThe US SEC has maintained Ripple should pay close to $2 billion in fines for selling XRP to institutional investors, in response to a $10M counter-proposal.
- Vladimir ZernovNatural gas prices continue to rebound from May lows as traders react to the EIA report.
- Ibrahim AjibadeDogwifhat price dipped below $2.8 on May 9, down 24% from its monthly peak, but markets data shows WIF speculative traders continue to place bullish bets
- James HyerczykThe Bank of England deems the MPC’s restrictive monetary policy necessary to ensure return to 2% inflation target.
- Bob MasonChina’s trade surplus expands, fueling optimism in global markets of a pickup in global demand and an improving macroeconomic environment in China.
- Ibrahim AjibadeFTX customers are poised to recover all of the money they lost when the firm collapsed in 2022 plus interest accoriding to bankruptcy lawyers.
- Vladimir ZernovGasoline inventories increased by 0.9 million barrels from the previous week.
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