The Crypto market won’t rush to growth
We conclude from previous crypto market cycles that even if the bottom is passed, there could be a prolonged lull. Bitcoin continues its soft landing towards the lower end of…
Round up of today’s market news
North American News US stocks roar higher: S&P 500 rises to the highest since June Big gains for US equity markets Fear has turned into FOMO. Bear market rallies can…
OPEC+ cities ‘severely limited’ excess capacity for small production increase
OPEC+ statement released OPEC+ confirmed that a 100k barrels per day increase in quotas will be spread across all OPEC+ countries in a statement about the decision. Perhaps more important…
Round up of today’s market news
North American News Two day losing streak for the major US indices Dow industrial average the biggest loser. The US major indices are ending the day with declines on the…
Round up of today’s market news
North American News US stocks snapped it’s a 3 day win streak Major indices did in an up and down session The major US stock indices are closing down on…
OPEC output rose 310k bpd in July, still far undershooting quotas
Results of the monthly secondary sources survey from Reuters July OPEC output rose 310k bpd, according to the latest Reuters survey. That still left it 1.3 mbpd short of quotas.…
Round up of today’s market news
North American News US stocks close the month with strong gains Major averages have their best month of the year The major stock indices are ending with solid gains for…
Bitcoin is climbing out of the pit but is not yet ready to fly
Bitcoin has closed above its 50-day moving average for two days Bitcoin closed Thursday near $24,000, retesting that area after a failed attempt to climb higher in the middle of…
Round up of today’s market news
North American News US stocks close higher with the S&P index leading the way S&P up 1.21%. Down S&P rise The major US stock indices are closing the day with…
FED Boosts Bitcoin
Bitcoin buying picked up sharply following the Fed’s decision and subsequent comments. Bitcoin has surpassed the $23170 mark, adding more than 9% in the past 24 hours. Ethereum jumped 13%…
Round up of today’s market news
North American News NASDAQ has its best day in over 2 years. Powell eases markets fears Major indices rebound strongly The major US stock indices have closed sharply higher: Dow…
Deep 2s10s curve inversion is a warning to the FOMC
2s10s spread hits 31 basis points Fed research and some officials have dismissed 2s10s inversion as a sign of looming recession but its track record is sparkling. Morever, an inversion…
Round up of today’s market news
North American News Major US stock indices close lower NASDAQ index leads the way to the downside The major US stock indices are closing lower on the day ahead of…
Stocks vs. Options: Choosing the Right Time to Buy Each
Each performs better in certain situations Stocks and options may have some similarities, but they are two different types of investment, especially when it comes to their risk-reward potential. And…
Round up of today’s market news
North American News US stocks close mixed. Nasdaq lower for the 2nd consecutive trading day Dow and S&P up for the 4th of 5 trading days The major US stock…
Bitcoin Millionaire Moves 14,000 BTC to an Unknown Wallet
The total value of the transfer stood at $319 million. In a separate transfer, someone moved 3,374 BTC from Coinbase on 24 July. Bitcoin whale transfers are spiking and the…
Oil market starts the week with gains. Next big move may hinge on US government
Will the US continue to release oil from the SPR? The US is currently adding about 820k barrels per day of oil to the 100 million bpd global oil market…
Round up of today’s market news
North American News US stocks close with large losses on recession worries Closing changes for the main US equity markets Closing changes for the main North American markets: S&P 500…
Bitcoin’s attempt to break the downtrend
Bitcoin is encountering increased resistance to its 50-day simple moving average approach. Bitcoin rose 2.9% on Monday, ending the day around $21.5K, and continuing to test the $22K level on…
Investing in a Recession: What You Need to Benefit from It
Whether there is a recession or none, index funds have proven to be an excellent addition to an investment portfolio. A recession is when the economy falls for two or…