USDJPY: The Bull Trend Is Intact

🇯🇵 🇯🇵 USDJPY-The Bull Trend Is Intact: “Going back to 160 again is pretty much in sight, unless the macroeconomic situation changes,” said Yusuke Miyairi, a foreign—exchange strategist at Nomura International Plc. Monday’s trading in the yen suggests “the market is not too afraid of fighting the MOF in terms of the currency,” he said

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Citi Upgrades Energy Sector

‼️ ‼️ Citigroup said it’s seeing an increase in geopolitical risks, feeding into an upgrade of the energy sector. Even with amid this environment, however, the firm reminded investors that equities tend to push past such jolts quickly

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Crypto Funds See 3 Weeks Of Outflows

🚨 🚨 Global crypto funds just recorded 3 consecutive weeks of outflows for the first time ever. Over the last 3weeks, total crypto fund outflows were $767 million. Last week alone, ~$435 million of crypto assets were removed from these funds, the most since late March

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Tether Holdings Invests In Blackrock Neurotech

🚨 🚨 Tether Holdings Ltd., the issuer of the biggest stablecoin, said it invested $200 million in Blackrock Neurotech, a maker of brain-computer interface technology

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Watch Bitcoin Closely

🚨 🚨 With Bitcoin halving, miners can now produce only 450 BTC each day. US spot Bitcoin ETFs alone have been buying over 3,000 Bitcoin on average every day. Hong Kong spot BTC ETFs are about to start trading from tomorrow

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Earnings Update

🚨 🚨 So far, 77% of S&P 500 companies that have reported earnings have beaten expectations. This is in-line with the 5-year average of 77% and above the 10-year average of 74%

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The Reverse Carry Has Started

🚨 🚨 For decades, carry traders have borrowed US dollars at low interest rates and invested in higher-yielding emerging-market currencies. But that flow is now getting turned on its head as traders borrow emerging market currencies to make profits by lending out Dollars

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Tesla Jumps 7%

🇨🇳 🇨🇳 BREAKING: Tesla jumps 7% in premarket trade after passing key hurdle to roll out full self-driving in China

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Stablecoins: USDC Overtakes USDT

🚨 🚨 Circle Internet Financial’s stablecoin USDC has this year overtaken Tether’s USDT as the market leader in transaction volume, according to data compiled by Visa Inc

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Australia To Approve Bitcoin ETF

🇦🇺 🇦🇺 Australia to approve the first spot Bitcoin  ETFs before the end of 2024. Australia’s $2.3 trillion pension market may help drive inflows. About a quarter of the country’s retirement assets sit in so-called self-managed superannuation programs that allow individuals to pick their investments. These could emerge as buyers of spot-crypto funds

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