NORMIE’s Wild Ride: Peaking at $0.2191, Plunging 88.96%
At a Glance:Historic Volatility: Peaked at $0.2191, crashed by 88.96% from ATH. Recent Performance: Despite a weekly dip of 49.52%, still up 67.6% over 30 days. Future Outlook: High volatility with potential for recovery amid market fluctuations. The cryptocurrency landscape remains a complex
Introduction to Forex Trading
Foreign exchange, more commonly referred to as Forex or FX, embodies the epitome of global financial trading, where currencies are bought and sold with the aim of making a profit. This dynamic market is the largest in the world, with
GBP Rises to 1.2560 on Strong UK GDP Data
Quick Look:UK GDP Surprises: First quarter expansion of 0.6% boosts GBP/USD to 1.2560, ending a brief recession. Employment Data Anticipated: UK Claimant Count Change to shape views on labour market resilience and monetary policy. U.S. Inflation Watch: Upcoming PPI and
Inflation Trends: Fed’s Rate Cut Threshold for 2023
Quick Look:Inflation Dependency: Rate cuts hinge on inflation trending towards a 2% target; ISI Evercore predicts two scenarios Critical Data Points: April PPI and CPI reports must show core PCE inflation at or below 0.20%. Policy Timing: If inflation remains high, rate
Competitively Priced EVs: $10,000-$12,000 Range
Quick Look:Aggressive Pricing: Positioned between $10,000 and $12,000, making it highly accessible and competitive. Tariffs and Trade Barriers: The U.S. might impose up to 100% tariffs on Chinese EVs, maintaining a protectionist stance. Innovative Efficiency: Integrates production in-house to reduce costs, with
Minor Decline in Oil Prices with Brent at $83.18
Quick Look:Brent and WTI Crude Prices: Both experienced minor declines on Tuesday, with Brent at $83.18 and WTI at $78.94 per barrel. Anticipation of U.S. CPI Data: This key inflation measure could influence the Federal Reserve’s interest rate decisions, impacting economic
GME Token Skyrockets 2,910.5% Amid Market Frenzy
Quick Look:Surge in Value: GME token saw a 356.04% increase in 24 hours, contributing to a 2,910.5% rise over the past two weeks. Market Milestones: Achieved a new all-time high of $0.01396, marking significant investor interest and confidence. Market Dynamics: Despite a
The Meme Stock Revival: GameStop and AMC Surge
Quick Look:Keith Gill’s new post on X sparked a 40% surge in GameStop and AMC stocks. Other meme stocks like BlackBerry and Koss also saw significant premarket gains. This trend underscores the evolving influence of social media on the stock market. In an
Non-Bank Lending Rises from 19% to 41% in UK
Quick Look:Substantial Growth: Non-bank lending in the UK has more than doubled in nine years, reaching 41% of the market. Investment Focus Shift: Major firms are increasingly investing in logistics, data centres, and multi-family rentals, indicating a strategic shift. Rising Regulatory Impact:
USDCAD and USDCNH: USDCAD is struggling to stay at 1.36600
USDCAD fell to 1.36314 levels on Friday. During this morning’s Asian session USDCNH climbed to a new weekly high at 7.24571 level. USDCAD chart analysisUSDCAD fell to 1.36314 levels on Friday. This week, we are moving in the 1.36600-1.36900 range. We are