forex-analysis

Global Markets Plunge as Nasdaq 100 Prepares for Steep Drop

Published on August 5, 2024 Introduction Global financial markets are experiencing a severe downturn, with major indices suffering substantial losses. The tech-heavy Nasdaq 100 is bracing for a particularly brutal opening, with expectations of a staggering 900-point decline. This dramatic sell-off is sending shockwaves through investor confidence and raising concerns about a potential economic downturn. …

Global Markets Plunge as Nasdaq 100 Prepares for Steep Drop Read More »

Navigating Uncharted Waters: Fed’s Dilemma Amid Economic Uncertainty

The Job Market Quandary July was a month of unexpected twists and turns for the US economy. As the summer heat intensified, so did the pressure on the Federal Reserve. Here’s what’s been brewing behind the scenes: 1. Disappointing Job Additions The job market, once a beacon of hope, stumbled unexpectedly. Job additions fell short …

Navigating Uncharted Waters: Fed’s Dilemma Amid Economic Uncertainty Read More »

Coinbase’s Q2 Earnings: A Crypto Adventure

What to Expect Coinbase Global (COIN) is gearing up to reveal its Q2 2024 results on August 1, after the market closes. Buckle up, because this crypto exchange has been delivering earnings surprises consistently over the past four quarters. But what’s cooking this time? 1. Crypto Trading Volume Surge Crypto enthusiasts, rejoice! Increased volatility in …

Coinbase’s Q2 Earnings: A Crypto Adventure Read More »

The Fed’s Economic Tango: Core PCE and Income Insights

Federal Reserve as a skilled dancer, balancing on a tightrope. Their key inflation gauge—the Core Personal Consumption Expenditures Price Index (Core PCE)—held firm in June at 2.6% year-over-year. It’s like a graceful pirouette, suggesting that inflation might be taking a breather after causing quite a stir.

AUD/USD Technical Outlook: Charting the Downtrend and Potential Reve

The AUD/USD currency pair, representing the exchange rate between the Australian Dollar and the US Dollar, has been a focal point for traders and analysts alike. Over recent months, the pair has exhibited a pronounced downtrend, influenced by a myriad of economic factors and market sentiments. This article delves into the technical aspects of this …

AUD/USD Technical Outlook: Charting the Downtrend and Potential Reve Read More »

Decoding Digital Asset Taxes: A Legislative Glimpse into the Future

The “Providing Tax Clarity for Digital Assets Act” has resonated with key stakeholders. Crypto advocacy groups like Coin Center and the Proof of Stake Alliance (POSA) have lauded the proposal. They view it as a significant step towards resolving the complexities of the current tax framework. Clearer rules can promote not only tax fairness but also encourage greater compliance from investors and businesses in the crypto space.