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Trump Pump & Dump
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Trump Coin (TRUMP/USDT): The Rise and Fall of a Meme CoinIn the unpredictable world of cryptocurrency, meme coins frequently make headlines with spectacular gains—followed by equally dramatic losses. Trump mentioned (see in video below) that the launch of his Meme coin celebrated winning.So far, it seems that he won, and buyers of this joke, lost.…
Did the US Secretary of State just cutoff aid to Ukraine?
Marco Rubio, Secretary of StatePolitico is out with a very interesting report after it obtained a report showing guidance from new Secretary of State Marco Rubio. It says that -- contrary to reports at the time -- that yestrday's executive order from Trump will cut off foreign aid to Ukraine.Secretary of State Marco Rubio halted…
Forexlive Americas FX news wrap 24 Jan: The USD moves lower after weaker data.
The US dollar is trading lower today as the S&P PMI data and the Michigan consumer sentiment data came in lower than expectations.Looking at the major currencies vs the greenback each rose (with the USD falling). A snapshot of the dollar changes vs the currencies shows: EUR, -0.77%JPY -0.08%GBP, -1.08%CHF -0.14%CAD, -0.27%AUD -0.48%NZD -0.62%The GBPUSD…
US top diplomat Rubio urges Vietnam to address trade imbalance
By Kanishka Singh and David Brunnstrom WASHINGTON (Reuters) - New U.S. Secretary of State Marco Rubio held a call on Friday with Vietnam's Deputy Prime Minister and Foreign Minister Bui Thanh Son in which he urged Vietnam to address trade imbalances and also discussed shared concerns about China. In the call, the first between the…
Earnings for the week starting Jan 27 led by Tesla, Meta, Microsoft and Apple
The earnings for next week will heat up with 4 of the 7 Magnificent 7 scheduled to report. Tesla, Meta, and Microsoft will all report: January 29 after the close. Apple will announce on January 30 also after the close. AT&T, Boeing, GM, IBM, Visa, Exxon, and Chevron are also some of the large-cap names…
Down day for US stocks to end the trading week. Major indices do close higher for the week
A day after the S&P index closed at a new record level, a new intraday high was made at 6128.18, but momentum could not be sustained in the price closed lower on the day. The NASDAQ, Dow industrial average and Russell 2000 also closed lower. A snapshot of the close shows:Dow industrial average -140.82 points…
Looking like NO record close in the S&P today or the NASDAQ index
The S&P index closed at a record level yesterday, and today the intraday high made a new record at 6128.18. However gains have not been sustained, and the major indices are all trading down on the day.A snapshot of the current market shows:Dow industrial average is down -173 points or -0.39% at 44,391.70S&P index is…
Looking like a record close in the S&P today were NASDAQ index
The S&P index closed at a record level yesterday, and today the intraday high made a new record at 6128.18. However gains have not been sustained, and the major indices are on these 4 declines.A snapshot of the current market shows:Dow industrial average is down -173 points or -0.39% at 44,391.70S&P index is down -27.18…
Whoever figure out how to build things again will win the next decade in markets
If I had a simple thesis for a trade for the next decade in the foreign exchange market it would be this: Invest in which ever country makes it easy to build again.I spent last week in Dubai and it was amazing. Twenty-five years ago there was hardly anything there and it boast innumerable skyscrapers,…
US dollar falls further after troubling services PMI report. Pound runs
Today's price action highlights how fragile the US dollar is.There is no doubt that it's a crowded trade and anytime a trade gets overcrowded everything needs go perfectly to keep it going. Today there was a pair of economic data releases that were far-from-perfect. The S&P Global services PMI fell to the lowest since April…