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Block, Inc. 50% Move On The Horizon

Block, Inc. 50% Move On The Horizon

Block (SQ) (formerly Square, Inc.), is a U.S. public company that provides financial services and mobile payments. In this article, we will be taking a look at the technical structure following the Elliott Wave Theory to define the path within current daily cycle.SQ started the initial rally from October 2023 low at $38.73 and it made 5 waves advance up to December 2023 at […]
Why Earnings Growth Will Matter As The Market Melts Up Further

Why Earnings Growth Will Matter As The Market Melts Up Further

Image source: Pixabay  US equity futures point to a positive market open later this morning as stocks look to rebound from yesterday’s move lower. Despite that modest setback, with three days left in March, the major US market benchmarks are tracking for their fifth consecutive win. With modest pieces of economic data out today, quarterly results […]
Solana And Cardano: Solana Continues To Rise Above $192.00 
                    
 

Solana And Cardano: Solana Continues To Rise Above $192.00  

Solana chart analysisThis morning, we saw a jump in the price of Solana to the $198.00 level. The price initiated a strong bullish consolidation on Sunday evening above the $178.00 level. There, we made a break above the EMA200 moving average, and it was very easy for us to move to the bullish side. We […]
Elliottwave Technical Analysis: Coffee

Elliottwave Technical Analysis: Coffee

Image Source: Pixabay  Function – Counter-trend Mode – Corrective Structure – Triangle wave X Position – Wave X still in play Direction – Sideways for X of (X) Details –  Not much has changed since the last update. The last leg of triangle wave X is currently emerging and should rally toward the 189.95-192.80 key zone where it might find resistance. […]
US Dollar Index Commentary – Tuesday, March 26

US Dollar Index Commentary – Tuesday, March 26

USD Softens Following FOMC RallyThe US Dollar is turning lower today as traders await the next set of US data inputs due later. On the back of the FOMC last week, the Dollar had initially rallied. Despite the Fed maintaining its projections for three rate cuts this year, traders saw hawkish risks in the upwards […]
Trade Restrictions Between The US And China Are Intensifying

Trade Restrictions Between The US And China Are Intensifying

Image Source: Pixabay  The Dow Jones Index (US30) decreased by 0.41% as of Monday’s stock market close. The S&P 500 Index (US500) was down 0.31%. The Nasdaq Technology Index (US100) closed negative 0.27%. Stock indices declined moderately on Monday as some hawkish comments from the Federal Reserve pushed T-note yields up and stocks lower. Atlanta Fed President Bostic said that if the economy performs […]
USD/BRL Analysis: Reversal Lower After Highs Attained As Range Tested

USD/BRL Analysis: Reversal Lower After Highs Attained As Range Tested

The USD/BRL closed yesterday’s trading with a reversal lower leaving the currency pair within the middle of its near-term price range, this as global Forex remains nervous. On last Tuesday the USD/BRL climbed to a high above the 5.0500 mark briefly, this tested values not seen since late October in 2023. The price of the […]
Tuesday Talk: Big-Tech Under Attack

Tuesday Talk: Big-Tech Under Attack

On Thursday the Justice Dept. filed an antitrust suit against Apple. The suit joins two others already filed against Google. How much this will affect the market in the long run is up for grabs, but it did bring the market down a bit on Monday.PexelsYesterday the S&P 500 closed at 5,218, down 16 points, the […]
FX Daily: Global Stabilization

FX Daily: Global Stabilization

Image Source: Unsplash  Markets are navigating much calmer waters after last week’s action. The PBoC’s efforts to stabilise the yuan are offering support for FX risk sentiment and hurting the dollar’s momentum. The declining FX volatility may keep the yen pressured by funding demand for carry trades, making USD/JPY even more reliant on a move in […]
Daily Market Outlook – Tuesday, March 26

Daily Market Outlook – Tuesday, March 26

Image Source: Pixabay  On Tuesday, Asian stock markets are experiencing a mix of trading activity, influenced by the overall negative performance of Wall Street the previous day. Traders appear hesitant to make substantial moves as they await the release of important economic data, such as US inflation numbers on Friday. Most Asian markets ended lower on […]