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MicroMarvel: MoneyLion

MicroMarvel: MoneyLion

Photo by Jason Briscoe on Unsplash  Today’s MicroMarvel is the software developer MoneyLion (ML). MicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars in Market Capitalization. I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior […]
Analytical Overview Of The Main Currency Pairs – Wednesday, Dec. 27

Analytical Overview Of The Main Currency Pairs – Wednesday, Dec. 27

Image Source: Pixabay  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.1003 Prev Close: 1.1041 % chg. over the last day: +0.34 % EUR/USD gained 0.34% on Tuesday and reached a 4-month high. The dollar weakness on Tuesday was the main support factor for the euro. Forex trading activity was weak on Tuesday as European markets were closed […]
EUR/USD Analysis: Euro Prices Move Higher

EUR/USD Analysis: Euro Prices Move Higher

With a partial return of price movements, the euro/dollar exchange rate “EUR/USD” continued its upward rebound with gains that reached the 1.1045 resistance level, the highest for the pair in four months. Recently, EUR/USD pair is consolidating around its gains at the time of writing, as the US dollar remains weaker since recent indications of an imminent abandonment of US […]
Sensex Today Rallies 702 Points, Nifty Above 21,600

Sensex Today Rallies 702 Points, Nifty Above 21,600

Image Source: Pexels  After opening the day on a positive note, Indian share markets gained momentum as the session progressed and ended on firm footing.Indian equity benchmarks traded higher on Wednesday tracking upbeat global market mood and amid hopes of Fed rates starting early next yearAt the closing bell, the BSE Sensex stood higher by 702 points (up […]
Understanding The American Dollar Rate Dynamics As 2023 Ends

Understanding The American Dollar Rate Dynamics As 2023 Ends

Image Source: Pexels  As we near the end of the year, the dynamics of the US dollar rate are increasingly influenced by expectations of potential rate cuts by the Federal Reserve. The US dollar, when compared with six major counterparts in the dollar index, is currently at 101.47. This is remarkably close to its five-month low observed last […]
Qualcomm Inc: Chart Analysis

Qualcomm Inc: Chart Analysis

Image Source: Unsplash  This time we’re profiling a big semiconductor name, Qualcomm, symbol QCOM. Let’s take a look at the daily chart and the weekly chart here.  The daily chart has been bullish since NovemberAs you can see I noted here on this chart a really strong bullish breakout from back in November. This followed a […]
The Bull And Bear Case For Bitcoin In 2024

The Bull And Bear Case For Bitcoin In 2024

Image Source: Pexels  Bitcoin has seen a remarkable year in 2023, can it continue the rally into 2024?In 2023, Bitcoin displayed a remarkable rebound, defying previous downturns. After a difficult 2022, it recovered and significantly increased in value, surging by 164% since the year’s start. This performance notably outpaced traditional assets such as gold and the S&P 500. […]
Bulls’ Stampede Continues – “But But But”

Bulls’ Stampede Continues – “But But But”

Stocks continue to creep higher as I have been discussing and as the various studies have suggested. I went back to see when I started mentioning strong seasonal tailwinds. It was at the end of October, coincidentally as the stock market was hammering in a major bottom. Since then with the exception of two weeks […]
USD/CAD Price Analysis: Declines Towards 1.3100

USD/CAD Price Analysis: Declines Towards 1.3100

USD/CAD looks set for further breakdown as the US Dollar weakens further. The underlying inflation in the US economy is clearly in a downtrend. Momentum oscillators indicate more downside ahead. The USD/CAD pair trades back and forth in a narrow range near the round-level support of 1.3200 in the early New York session. The Loonie asset […]
Higher Despite Retail Selling

Higher Despite Retail Selling

The only negative about the pipeline sector today is the direction of fund flows. It’s regularly covered in this blog and a topic that continues to mystify us. Although we’re still awaiting data for the last two months of 2023, it’s almost certain to be the fifth year of the last six during which retail […]