Archives by Month:

Archives by Year:

Gold Price Attracts Some Buyers, Israel Strikes Rafah And Boosts Safe-Haven Flows

Gold Price Attracts Some Buyers, Israel Strikes Rafah And Boosts Safe-Haven Flows

Image Source: Pixabay Gold price gains ground in Monday’s early European session, up 0.40% on the day.  The uptick in yellow metal is supported by the weaker USD and rising Middle East geopolitical risks.  The speeches from the Fed’s Bowman, Mester and Kashkari on Tuesday will be closely watched.  Gold price (XAU/USD) gathers strength on Monday. The […]
SMH Semiconductor ETF Reacted From A Blue Box Breaking To New Highs

SMH Semiconductor ETF Reacted From A Blue Box Breaking To New Highs

Image Source: PixabayThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart April 19th  In March 2024, the […]
Some Call It Treason

Some Call It Treason

Image Source: PixabayIt has been discouraging to see that the lessons learned in the first half of the 20th century have now been forgotten, as nationalism is on the rise in many regions. And now we are seeing a repeat of the McCarthyism of the early 1950s. Here’s Foreign Policy: Not so long ago, consultancies and other […]
Hackers target crypto influencer X accounts, shill meme coins

Hackers target crypto influencer X accounts, shill meme coins

Over the weekend, a series of hacks compromised several X accounts from crypto influencers and celebrities to promote a number of coins, resulting in short-lived price surges.One of the most prominent targets was GCR, whose account was compromised on May 26. After the initial intrusion, the hacker was able to post promotional content on ORDI […]
Australian Dollar Appreciates As Aussie Inflation Expects To Remain Higher For Longer

Australian Dollar Appreciates As Aussie Inflation Expects To Remain Higher For Longer

Image Source: Unsplash The Australian Dollar gained ground due to risk-on sentiment after softer UoM 5-year Inflation Expectation on Friday. Australian equities rose above 7,770, following gains on Wall Street from Friday. The US Dollar weakened after the UoM 5-year Consumer Inflation Expectations (May) eased to 3.0% compared to the estimated 3.1%. The Australian Dollar (AUD) […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Monday, May 27

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Monday, May 27

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily Chart Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse position: Wave V Direction Next higher Degrees: wave (III) Wave Cancel invalid level: Details: Wave V is Equal to 61.8% of Wave I  through Wave III at 87253  Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: BTC […]
Amid The Choppy Inflation Waters, There’s A Glimmer Of Hope

Amid The Choppy Inflation Waters, There’s A Glimmer Of Hope

Image Source: PixabayAsian stocks rode the coattails of their US counterparts, rallying on the back of easing US consumer inflation expectations that have rekindled hopes for a Federal Reserve rate cut this year.On Monday, markets in Hong Kong, China, Australia, South Korea, and Japan all saw gains. Meanwhile, US equity futures remained unchanged, taking a breather […]
Regular Cannabis Users Exceeds Drinkers For First Time Ever

Regular Cannabis Users Exceeds Drinkers For First Time Ever

Image source: UnsplashFor the first time, a nationwide study providing current data on tobacco, alcohol, and drug use, mental health, and other health-related issues has found that the number of people smoking cannabis daily has surpassed those drinking beer or vodka daily. This development coincides with the Biden administration’s efforts to reclassify cannabis as a less dangerous substance.The National […]
The Commodities Feed: OPEC+ Meeting – Monday, May 27

The Commodities Feed: OPEC+ Meeting – Monday, May 27

Image Source: Pixabay Energy – speculative gross short builds in Brent  While oil prices managed to close higher on Friday, the market remains under pressure. ICE Brent was down more than 2.2% for the week. Weaker refinery margins will be a concern, while the dated Brent-to-frontline  (DFL) swap is negative suggesting a weaker physical North Sea […]
WTI Remains Above $77.50 Due To Improved Risk Appetite

WTI Remains Above $77.50 Due To Improved Risk Appetite

Photo by Timothy Newman on Unsplash WTI Oil price attempts to extend its gains due to a recovery in overall market risk sentiment. University of Michigan’s 5-year Consumer Inflation Expectations for May eased slightly, bolstering expectations regarding the Fed’s rate cuts. Iran will increase its Oil output from 3.6 million to 4 million barrels per day. West Texas […]