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Archives by Year:
Sensex Today Hits Record High; Nifty Above 23,500
Asian stocks tracked Wall Street higher on Tuesday ahead of a chorus of Federal Reserve officials due to speak later in the day, while the Australian dollar held steady and domestic shares rose ahead of the country’s interest rate decision.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7%, helped by an overnight rally on […]
Gold Forecast: Volatility Near Massive Support
The gold market fell a bit during the early hours on Monday but has since turned around to show signs of strength. By doing so, it suggests that the market is going to continue to find buyers on dips and it’s probably worth noting that the 50-day EMA has in fact offered a little bit […]
USD/CAD Holds Key Support Of 1.3700 Ahead Of US Retail Sales
Photo by Michelle Spollen on Unsplash USD/CAD holds its key support of 1.3700 with eyes on monthly US Retail Sales data for May. While the Fed advocates one rate cut this year, traders have priced in two. The BoC may extend its policy-easing spell in July. The USD/CAD pair remains well-supported above the round-level cushion of 1.3700 […]
FX Daily: Euro Political Risk Premium Abates, For Now
Image Source: Unsplash The euro has enjoyed a breather since the start of the week as French bonds showed signs of stabilization. We estimate that the political risk premium on EUR/USD shrunk from 2.4% to 1.6% from Friday to Monday. The focus will also be on US retail sales today. Elsewhere, a hawkish RBA meeting this […]
Market Briefing For Tuesday June 18
‘Distortions’ in the market – which for months I’d described as ‘bifurcation’, of course persist (albeit slightly improved breadth), even as Nasdaq joins S&P with more record high closes. depositphotosI realize Goldman and Evercore increased targets for year-end both for S&P and Nasdaq. I don’t dispute possibilities of that but caution the higher targets at this point are ‘seasonally’ valid. We too have talked of June / […]
Drake’s $500K Bitcoin bet upset after Celtics take Mavs 4 to 1
Renowned rapper Drake, known for flaunting his extravagant lifestyle on Instagram, recently placed substantial Bitcoin bets on the outcomes of both the NBA Finals and the NHL Stanley Cup Finals via his partnered betting platform, Stake. However, his $500,000 wager on the Dallas Mavericks winning the NBA championship has gone awry, and he could face […]
Metals Report For Monday, June 17
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:00More By This Author:Financial Markets Report For Monday, June 17Metals Report For Friday, June 7SPDR ETF Report For Friday, June 7
Elliott Wave Technical Analysis: ChainLink Crypto Price News For Tuesday, June 18
Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartChainLink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave ((II)) of ImpulseWave Cancel invalid Level: 8.498Details: Wave (II) is equal to 61.8% of Wave (I) at 8.86 LevelChianLink/ U.S. dollar(LINKUSD)Trading Strategy: ChainLink overall is still in the period of correction. In the […]
Elliott Wave Expects Nasdaq 100 To Continue Higher
Image Source: UnsplashShort Term Elliott Wave in Nasdaq 100 ETF (QQQ) suggests it shows a bullish sequence from 4.20.2024 low favoring more upside. Up from 4.20.2024 low, wave 1 ended at 461.5 and pullback in wave 2 ended at 443.06. The ETF has extended higher in wave 3. Internal subdivision of wave 3 is unfolding as […]
Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA
New York-based crypto exchange Uphold will discontinue support for several stablecoins, such as Tether (USDT), Dai (DAI), and Frax Protocol (FRAX), in anticipation of the upcoming Markets in Crypto Assets (MiCA) regulation, according to Uphold’s recent notice shared by Antony Welfare, a senior advisor to CBDC Europe and Global Partnerships at Ripple.The affected stablecoins also […]
