Author: amad

The combination of a slightly less hawkish stance from the Federal Reserve and a positive response to the Treasury refunding announcement has stirred up risk appetite in the financial markets. This resurgence in optimism is kindling hopes for a potential year-end Santa Claus rally, which, if realized, could further erode the strength of the US dollar. A crucial factor to monitor in this scenario is the performance of non-farm payrolls, particularly if they come in weaker than anticipated. The recent announcement from the Treasury, indicating that it will borrow at a slower pace than initially expected in Q4 ($776 billion…

Coinbase Global (Nasdaq: COIN) has outperformed market predictions with its third-quarter financial results, reporting a revenue of $674.1 million and an adjusted loss of $0.01 per share. Despite this impressive performance, the crypto exchange giant saw a 5% dip in its shares during after-hours trading, primarily due to lower-than-expected total trading volume figures. Mixed Q3 Outcomes for Coinbase Official data released on Thursday revealed that the total trading volume for the period spanning July to September reached $76 billion, falling short of the estimated $80.1 billion. This figure also represented a decrease from the previous quarter’s $92 billion in trading…

Baowu Magnesium Technology, formerly known as Nanjing Yunhai Special Metals, has taken a significant step by placing a substantial bid of 1.17 billion yuan for the acquisition of a dolomite mine. This strategic move was carried out through the company’s subsidiary, Wutai Yunhai Magnesium, as disclosed on Friday. The dolomite mine in question is situated in Dapu Village, Dongye Town, Wutai County, Shanxi Province, China. It boasts substantial mineral reserves, including 345.2 million tons of dolomite intended for magnesium smelting, 122.5 million tons of refractory dolomite, and 111.3 million tons of dolomite suitable for construction purposes. The auction for this…

The shifting expectations regarding policy rates of the U.S. Federal Reserve and the European Central Bank (ECB) have played a pivotal role in recent developments, notably leading to an upswing in long U.S. Treasury yields and a decline in the euro’s value relative to the dollar. Jussi Hiljanen, the chief strategist for USD & EUR rates at SEB Research, shared this observation in a recent note. Hiljanen highlighted the significance of clear signals regarding the U.S. economy’s softening. Without such indications, the forward-pricing of ECB rate cuts may continue to outpace those of the Federal Reserve or potentially diverge further…

The South Korean Kospi index continued its winning streak, surging by 1.1% to close at 2368.34, marking its third consecutive day of gains. The index posted an impressive 2.8% increase for the week, driven by robust performance in internet and battery-related stocks. Notably, both foreign and institutional investors were net buyers in the market, reflecting a positive sentiment among traders. Investor confidence received a boost from Wall Street’s recent gains, as there is a growing belief that the Federal Reserve might have concluded its cycle of interest rate hikes. The USD/KRW currency pair also saw a significant 1.5% drop, reaching…

The H4 chart reveals a substantial upward trend in AUD/JPY, marked by a strong bullish trajectory. During this ascent, the pair successfully broke through the 30-period Simple Moving Average (SMA), and currently, it continues to trade comfortably above the SMA 30 support level. However, there are signs that the pair may be overbought, resulting in a phase of consolidation. The consolidation phase appears to be encountering formidable resistance. This situation hints at the possibility of a notable bearish correction. For potential buyers, a critical price level to watch is around 96.070, as it could play a pivotal role in determining…

Oil and gas conglomerate Shell has reported robust profits, capitalizing on the recent upswing in oil prices. The company disclosed earnings of $6.2 billion (£5.1 billion) for the period spanning July to September, marking a significant improvement compared to the previous quarter. However, these profits fell short of the $9.4 billion reported during the same period last year, which experienced a surge in oil and gas prices due to Russia’s invasion of Ukraine. While oil prices still remain below that level, they have been trending upward recently. This resurgence is predominantly attributed to the coordinated efforts of the OPEC+ alliance,…

Ants’ venom can contain neurotoxins, and certain ant species employ these potent neurotoxins to deliver painful stings to mammals. For example, the South American bullet ant is notorious for its excruciating bite, which can lead to intense pain and uncontrollable trembling lasting up to 12 hours. Stings from other ant species can also cause severe and long-lasting discomfort. However, due to the small size of ants, it has been challenging to collect and analyze their venom. Researchers from the University of Queensland in Australia have recently made a significant discovery. They found that three ant species produce peptide toxins that…

The United Kingdom is taking steps to improve its labor market data in the months of November and December. The Office for National Statistics (ONS) in Britain has announced its plan to reintroduce certain labor market statistics, starting from November. This decision comes after a significant reduction in data release in October, which was caused by a notable decrease in response rates to their primary survey. In November, the data release will be similar to the experimental data provided in October, but with the addition of regional data to provide a more comprehensive overview of the labor market situation. Looking…

The Grand Cruise Terminal in Doha, Qatar, is not just a typical arrival and departure point for cruise ships; it’s a masterpiece in its own right. Opened in November 2022, this impressive terminal quickly became a reverse tourist attraction, drawing both tourists and locals alike. In this article, we’ll explore what makes the Grand Cruise Terminal so unique and how it has transformed the cruise experience in Doha. A Grand ArrivalThe Grand Cruise Terminal welcomed the MSC Europa, the largest ship ever operated by MSC Cruises, with a staggering guest capacity of 6,774 passengers. This impressive arrival marked a new…