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Archives by Year:
Will Japanese Yen Currency Rally From 40-Year Support?
The Japanese Yen has tumbled to new multi-decade lows after its recent free fall.Currently, the Yen is trading into 40-year support. Could this be the time/price area from which we see a rally?Let’s take a look at the chart…“The facts, Ma’am. Just the facts.” – Joe FridayAs you can see, the 12-year decline in the Japanese Yen […]
20% of top 300 cryptos have majority of their supply locked: CoinGecko
One out of five cryptos in the Top 300 by market cap has the majority of their supply locked, according to a report by CoinGecko. The report calls these assets “low float”, as they show a market cap to fully diluted valuation (FDV) ratio below 0.5.The four cryptos with the lowest floats among these large […]
Convenience Store Gold Flying Off Shelves In Korea
Image Source: Pixabay Tiny bars of gold are flying off the shelves in South Korean convenience stores.This is yet another example of the movement of gold from West to East.Korea’s largest convenience store chain, CU, has teamed up with Korea Minting and Security Printing Corporation (KOMSCO) to offer customers fingernail-sized gold bars. The bars come in […]
S&P 500 Earnings Dashboard 24Q1 – Friday, May 10
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.5%. If the energy sector is excluded, the growth rate for the index is 10.5%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
McDonald’s Corp DCF Valuation: Is The Stock Undervalued?
Image Source: Pexels As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, McDonald’s Corp (MCD). ProfileMcDonald’s is the largest restaurant owner-operator in the world, […]
Inflation Data Game Plan
S&P 500, precious metals, and Bitcoin all rose on high unemployment claims – driven by rate cut prospects rather than inflation fears. They see the slowly deteriorating economic data from PMI, GDP, and job market (hiring and firing) together with stubborn and waking up inflation. This though has the important distinction that the leading PPI […]
Gold Is On The Way To Reach $2400 Again?
XAUUSD is moving higher towards the psychological level of $2400 after the latest US jobless claims data, which increased bets for a Fed rate hike.Initial jobless claims, the number of people who filed for unemployment benefits for the first time last week, jumped to 231K from 209K on Apr 27. This is the largest increase since Sept. 2, 2024.This, along with the weaker […]
Sensex Today Ends Higher; Nifty Tops 22,050
On Friday, Indian share markets traded on a positive note throughout the trading session and ended higher.Benchmark indices turned volatile in the afternoon session but soon regained momentum, driven by strength in auto and energy stocks following positive global developments.At the closing bell, the BSE Sensex stood higher by 260 points (up 0.4%).Meanwhile, the NSE Nifty closed higher by […]
Kraken refutes SEC’s claim that it offered ‘investment concepts’
In a recent court filing, crypto exchange Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities.Primarily, Kraken argues that the financial regulator is attempting to expand its regulatory scope by using vague terms like investment “concept” and “ecosystem” as substitutes for well-defined legal terms such as “investment contract” and […]
Elliott Wave Technical Analysis: Meta Platforms Inc. – Friday, May 10
Image Source: Unsplash META Elliott Wave Analysis Trading Lounge Daily ChartMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: CounterTrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Intermediate (A)DIRECTION: Pullback in Minor BDETAILS: We are showing two different counts in the Daily and 4H chart. Here we have a major top in place and we are looking for a larger correction to take place, […]
