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$MYEG(0138.MY$
MyEG (MYEG, 0138, Main Board Technology Stock) and Zetrix Foundation signed a Memorandum of Understanding (MoU) with MaiCapital, a virtual asset manager in Hong Kong, to discuss cooperation to launch a virtual asset fund or an exchange index fund (ETF) mainly based on Hong Kong virtual assets.
According to the statement, the MOU will focus on co-issuing ETFs approved by the Hong Kong Securities Regulatory Commission (SFC), including Bitcoin (Bitcoin) and Zetrix coins, as well as other suitable cryptocurrencies.
Hopefully, this is also why the company's stock price has risen sharply; at one point, it reached a high of 91 cents.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
MyEG (MYEG, 0138, Main Board Technology Stock) and Zetrix Foundation signed a Memorandum of Understanding (MoU) with MaiCapital, a virtual asset manager in Hong Kong, to discuss cooperation to launch a virtual asset fund or an exchange index fund (ETF) mainly based on Hong Kong virtual assets.
According to the statement, the MOU will focus on co-issuing ETFs approved by the Hong Kong Securities Regulatory Commission (SFC), including Bitcoin (Bitcoin) and Zetrix coins, as well as other suitable cryptocurrencies.
Hopefully, this is also why the company's stock price has risen sharply; at one point, it reached a high of 91 cents.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
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The US CPI data for March was unexpectedly high, which lowered investors' expectations for the Federal Reserve to cut interest rates in the short term. The March PCE price index, which is due to be released this Friday, is expected to remain high, which is expected to remain high, which reinforces the market's expectation that interest rate cuts will need to be patient. According to general market forecasts, the PCE index may rise slightly to 2.6% year on year in March due to rising energy costs.
In terms of economic growth, the market expects the annualized annualized value of the US GDP in the first quarter to increase by only 2% compared to the initial quarterly value, which is a sharp slowdown compared to 3.4% in the previous quarter. This shows that under the influence of continued high interest rates, the US economy is beginning to show signs of deceleration. Despite this, the US economy showed some resilience throughout the last year, mainly due to increased consumer spending and local government spending.
Judging from the policy outlook, Federal Reserve officials may need to re-evaluate strategies to combat inflation, because current data shows that progress in fighting inflation has stalled. This could mean that the Federal Reserve will need to keep interest rates high for longer than expected.
This week is also an important earnings week. Many corporate giants will announce their quarterly results, and the market will pay close attention to these reports to assess the health of the economy and all walks of life. These data and reports will have an important impact on market sentiment and policy expectations.
$SAP SE(SAP.US$ $Cadence Bancorp(CADE.US$ $Seagate Technology(STX.US$ $Tesla(TSLA.US$ $Spotify Technology(SPOT.US$ $Texas Instruments(TXN.US$ $Meta Platforms(META.US$ $ServiceNow(NOW.US$ $Boeing(BA.US$ $Microsoft(MSFT.US$ $Alphabet-A(GOOGL.US$ $Western Digital(WDC.US$ $Exxon Mobil(XOM.US$
...
In terms of economic growth, the market expects the annualized annualized value of the US GDP in the first quarter to increase by only 2% compared to the initial quarterly value, which is a sharp slowdown compared to 3.4% in the previous quarter. This shows that under the influence of continued high interest rates, the US economy is beginning to show signs of deceleration. Despite this, the US economy showed some resilience throughout the last year, mainly due to increased consumer spending and local government spending.
Judging from the policy outlook, Federal Reserve officials may need to re-evaluate strategies to combat inflation, because current data shows that progress in fighting inflation has stalled. This could mean that the Federal Reserve will need to keep interest rates high for longer than expected.
This week is also an important earnings week. Many corporate giants will announce their quarterly results, and the market will pay close attention to these reports to assess the health of the economy and all walks of life. These data and reports will have an important impact on market sentiment and policy expectations.
$SAP SE(SAP.US$ $Cadence Bancorp(CADE.US$ $Seagate Technology(STX.US$ $Tesla(TSLA.US$ $Spotify Technology(SPOT.US$ $Texas Instruments(TXN.US$ $Meta Platforms(META.US$ $ServiceNow(NOW.US$ $Boeing(BA.US$ $Microsoft(MSFT.US$ $Alphabet-A(GOOGL.US$ $Western Digital(WDC.US$ $Exxon Mobil(XOM.US$
...
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👉 Key Highlights:
📍 Bank of Canada keeps benchmark overnight rate at 5%, marking the sixth consecutive hold.
📍 Governor Tiff Macklem seeks longer-term evidence of slowing inflation before considering rate cuts.
📍 Recent data suggest gradual price pressure easing, with economic growth expected to rise.
📍 Core inflation decline noted as recent; BoC requires assurance of sustained progress.
📍 Discussions focus on timing for potential ...
📍 Bank of Canada keeps benchmark overnight rate at 5%, marking the sixth consecutive hold.
📍 Governor Tiff Macklem seeks longer-term evidence of slowing inflation before considering rate cuts.
📍 Recent data suggest gradual price pressure easing, with economic growth expected to rise.
📍 Core inflation decline noted as recent; BoC requires assurance of sustained progress.
📍 Discussions focus on timing for potential ...
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Before we get started, just wanted to remind you to smash that like button and leave a comment below to let me know what you think! 👍💬
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Few days ago, I shared a pose regarding MJ indicator🔸 A Must-Have Technical Indicator! MACD + KDJ=MJ(Unlock Your Trading Potential)📈, a lot of mooers like this type of post and DM me to share more, so here comes the 2nd indicator (⭐ SLINE Ribbon⭐ ) that you must safe and use❤❤❤.
Lets take Tesla( $Tesla(TSLA.US$ )NVIDIA( ...
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Before we get started, just wanted to remind you to smash that like button and leave a comment below to let me know what you think! 👍💬
Tesla has been kinda taking a beating lately. Like, seriously, it's been the bottom of the barrel among the Magnificent Seven since the start of 2024. Down a whopping 30% this year alone! Talk about a momentum shift, right? And guess what? The whole story's totally flipped. Disappointing ...
Tesla has been kinda taking a beating lately. Like, seriously, it's been the bottom of the barrel among the Magnificent Seven since the start of 2024. Down a whopping 30% this year alone! Talk about a momentum shift, right? And guess what? The whole story's totally flipped. Disappointing ...
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