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AUD/USD Dips Below 0.6600 Following RBA’s Decision

AUD/USD Dips Below 0.6600 Following RBA’s Decision

Image Source: Unsplash AUD/USD drops 0.42% after RBA holds cash rate at 4.35%, adopting a dovish tone in its statement. Markets react quickly, adjusting to RBA’s shift from a neutral to a slightly dovish stance due to slow cooling inflation. US Dollar gains strength after Minneapolis Fed President Kashkari suggests possible rate hikes if inflation persists. […]
Grayscale backs off from its Ethereum futures ETF application

Grayscale backs off from its Ethereum futures ETF application

Grayscale, a leading crypto asset manager, has withdrawn its rule change application to the Securities and Exchange Commission (SEC) for an Ethereum futures exchange-traded fund (ETF), citing multiple delays by the federal regulator since the initial filing in September 2023.The notice of withdrawal, submitted on Tuesday, did not provide specific reasons for Grayscale’s decision to […]
Markets In A Minute – “A Lack Of Further Progress”

Markets In A Minute – “A Lack Of Further Progress”

Image Source: Unsplash The Fed announced in May’s FOMC meeting that the Fed Funds Rate will remain unchanged; however, Chair Powell stated that it is unlikely the next move will be a hike. JOLTS for March saw a decrease in the amount of job openings to 8.48Mil, down from 8.8Mil in February. Additionally, Layoffs ticked higher to 1.5Mil, while Quits […]
Should The Fed Get Rid Of Forward Guidance?

Should The Fed Get Rid Of Forward Guidance?

Image source: WikipediaStanley Druckenmiller says the Fed should get rid of forward guidance and just do their job.I totally endorse a view by Stan Druckenmiller, the Fed Should Stop Forward Guidance.Partial Video TranscriptSquawk Box: I’ve been perplexed about the unwavering focus the Fed has had on cuts for a six month period. … Did cuts make sense […]
How To Use Chart Patterns To Bolster Your Retirement

How To Use Chart Patterns To Bolster Your Retirement

Image Source: PexelsEarly in my career, I was smart enough to know what I didn’t know (which was practically everything). So I tried to absorb all that I could from books, classes, websites, and people.To find a way to make sense of the market action I observed every day, I set out to learn technical analysis, […]
FTX to pay out at least 118% of recognized claims to 98% of its creditors

FTX to pay out at least 118% of recognized claims to 98% of its creditors

FTX Trading, commonly known as FTX.com, and its affiliated debtors have announced a major development in their bankruptcy proceedings. According to the newly filed Plan of Reorganization, 98% of FTX creditors are expected to receive at least 118% of their allowed claims in cash within 60 days of the plan’s effectiveness.The remaining creditors are set […]
Commodity Market Elliott Wave Analysis: Bitcoin, ETH/USD, DXY, Gold, Silver, Uranium, Oil, Gas

Commodity Market Elliott Wave Analysis: Bitcoin, ETH/USD, DXY, Gold, Silver, Uranium, Oil, Gas

Image Source: UnsplashCommodity Market Elliott Wave Analysis for Bitcoin (BTC) ETH/USD / Dogecoin / GBTC, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Analysis Update: Risk on for cryptos and possibly gold and silver stocks (non-leverage). Base metals also continue to display strength such as […]
Stocks And Precious Metals Charts – The Father Of Lies And His Children Of The World

Stocks And Precious Metals Charts – The Father Of Lies And His Children Of The World

Image Source: UnsplashStocks tried to rally, but eventually fell back to close nearly unchanged.VIX fell again, as it was damn the geopolitics and risk away.Gold and silver fell back a bit.The Dollar rose.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – Myths And Illusions Stocks And Precious Metals Charts – In Service To The […]
SEC Chair Gary Gensler avoids direct classification of Ethereum

SEC Chair Gary Gensler avoids direct classification of Ethereum

Securities and Exchange Commission (SEC) Chairman Gary Gensler did not directly address whether Ethereum was a commodity or a security in an interview with CNBC on Tuesday. Instead, he shifted the focus towards broader regulatory concerns, specifically the protection of American investors and the conduct of intermediaries in the crypto market. “All I would say […]
Precious Metals Market – Chapter 2 Is Starting

Precious Metals Market – Chapter 2 Is Starting

Image Source: Pixabay Precious metals have recently consolidated their advances. The question is whether the 405-day cycle will again indicate a medium-term high. Well, this cycle works as long as it works… The gold market remains in balance with the movements of the real market yield of the US Treasury over ten years, at least if […]