McFinance Newsletter

 Hello McFinancers! This week’s market analysis. Latest Market Analysis Index / Item Last Weeks Price This Weeks Price Change S&P 500 1 $5,280 $5,346 1.25% Dow Jones 1 $38,706 $38,795 0.23% Nasdaq 1 $16,739 $17,132 2.35% Bitcoin 1 $67,628 $71,051 1.3% Ethereum 1 $3,790 $3,797 0.18% Gold 1 $2,348 $2,306 1.79% Silver 1 $30.52 $29.30 4% USD CPI Rate 2 2.68% 2.19% 18.28% Overall : Join today to learn more! Investing Ideas 09 June 2024 : Join today to learn more! Join Today! Join our newsletter  to get more investing insight: More updates on the market with an analysis of what it means for investors to help you stay ahead. How-To Guides to help walk you through trades, staking, or other investments. Access to all published books by McFinance for FREE. Weekly investing ideas. * Investing can be unpredictable and volatile. Investors should always do proper due diligence to determine if assets are right for them. We are not licensed tax or financial professionals. 1 Prices are tak...

Hello McFinancers! Today we are taking a special look at BRICS and some recent news about what they have done in the global markets. The latest in financial news: Turkey looks to join BRICS, BRICS debating about using gold or crypto to back fiat currencies, and BRICS continue to look to using less US dollars for global trade. Turkey Pursues Joining BRICS As the BRICS alliance of Brazil, Russia, India, China, and South Africa continues to grow, Turkey has expressed interest in joining the bloc. Turkish Foreign Minister Fidan confirmed that Turkey aligns with BRICS' mission to support developing nations. Historically significant in Middle Eastern politics and economic development, Turkey faces a struggling economy despite the absence of major Western sanctions. An underlying motive for Turkey's desire to join BRICS could be to challenge the dominance of the U.S. dollar. BRICS nations view the U.S. dollar as a constraint on their potential, and while the adoption of a single curre...

 Hello McFinancers! Big news for the commodities market these past few days. The latest in financial news: OPEC+ looks to curb their production to increase oil prices, Uniswap postpones vote on fee switch for token holders, silver has a dramatic price decrease, and President Biden vetos SAB121. OPEC+ Looking To Raise Oil Price OPEC+ has recently reached an agreement to prolong all production restrictions into the upcoming year, a move likely to maintain oil prices at elevated levels leading up to the U.S. presidential election. This agreement encompasses the United Arab Emirates securing an enhancement to its official production quota, with major producers committing to voluntary cuts through 2025. These measures aim to bolster prices and prevent a global surplus, especially given the increasing output from non-OPEC players like the U.S. The extension of production curbs is expected to prevent a sharp decline in gas prices in the U.S. Additionally, this agreement coincides with Sau...

 Hello McFinancers! Latest Market Analysis Index / Item Last Weeks Price This Weeks Price Change S&P 500 1 $5,304 $5,280 0.45% Dow Jones 1 $39,069 $38,706 0.93% Nasdaq 1 $16,920 $16,739 1.07% Bitcoin 1 $68,547 $67,628 1.3% Ethereum 1 $3,726 $3,790 1.72% Gold 1 $2,359 $2,348 0.47% Silver 1 $30.50 $30.52 0.07% USD CPI Rate 2 2.52% 2.68% 0.04% Overall : Join today to learn more! Investing Ideas 01 June 2024 : Join today to learn more! Join Today! Join our newsletter  to get more investing insight: More updates on the market with an analysis of what it means for investors to help you stay ahead. How-To Guides to help walk you through trades, staking, or other investments. Access to all published books by McFinance for FREE. Weekly investing ideas. * Investing can be unpredictable and volatile. Investors should always do proper due diligence to determine if assets are right for them. We are not licensed tax or financial professionals. 1 Prices are taken at 4 PM Eastern Time on...