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Sensex Today Ends 33 Points Lower; Nifty Above 23,300

Sensex Today Ends 33 Points Lower; Nifty Above 23,300

After opening the day marginally lower, Indian share remained volatile as the session progressed and ended the day flat.Indian benchmark indices erased gains amid the late selling and ended the day marginally lower.At the closing bell, the BSE Sensex stood lower by 33 points.Meanwhile, the NSE Nifty closed higher by 5 points.ONGC, L&T, and Tata Motors are among the top […]
Cloud Stocks: Nutanix Continues To Target Vmware’s Market

Cloud Stocks: Nutanix Continues To Target Vmware’s Market

Earlier last month, enterprise cloud computing player Nutanix (Nasdaq: NTNX) announced its third quarter results that surpassed market expectations. But the depressing outlook driven by macro conditions sent the stock falling 22% in the after-hours trading session. Nutanix’s FinancialsFor its third quarter, revenues grew 17% to $524.6 million, ahead of the market’s forecast of $516 million. […]
Elliott Wave Technical Analysis: Caterpillar Inc.

Elliott Wave Technical Analysis: Caterpillar Inc.

Image Source: Pixabay  CAT Elliott Wave Analysis Trading Lounge Daily Chart,Caterpillar Inc., (CAT) Daily ChartCAT Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: Corrective  STRUCTURE: ZigZagPOSITION: Minuette wave (iv).DIRECTION: Bottom in (iv).DETAILS: Looking for a bottom in minuette wave (iv) as we have reached 0.618 c vs. a and equality stands at 313$.CAT Elliott Wave Analysis Trading Lounge 4Hr Chart,Caterpillar Inc., (CAT) 4Hr […]
EU report claims Bitcoin Lightning Network and other layer 2 solutions are open to criminal abuse

EU report claims Bitcoin Lightning Network and other layer 2 solutions are open to criminal abuse

A new EU report argues that Bitcoin’s Lightning Network and other layer 2 solutions could enable criminals to obscure illicit transactions.The First Report on Encryption by the EU Innovation Hub for Internal Security singles out the Lightning Network, arguing that its “two-party multisignature payment channels will not broadcast all transactions to the blockchain, but only […]
Gold Trading Strategy Today – Tuesday, June 11

Gold Trading Strategy Today – Tuesday, June 11

Image Source: Pixabay  Today you will see gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:04:15More By This Author:Gold Trading Strategy Today – Monday, […]
Unlocking ASX Trading Success: Brambles Limited

Unlocking ASX Trading Success: Brambles Limited

Image Source: Unsplash  ASX: BRAMBLES LIMITED – BXB  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see that BXB seems to have completed wave (ii)-orange, but needs to push a little higher to confirm this view. And wave (iii)-orange may return to push higher.ASX: […]
Markets Underpricing Summer UK Rate Cut As Jobs Market Cools

Markets Underpricing Summer UK Rate Cut As Jobs Market Cools

Image source: Pixabay  The UK jobs market is cooling, even if data quality issues make it hard to say anything too concrete about the latest figures. Assuming services inflation proves less surprising in data due next week, we think the Bank of England is on track for a rate cut in August.The UK jobs market is […]
Greenback Remains Firm, Still Driest Towel On The Rack

Greenback Remains Firm, Still Driest Towel On The Rack

Image Source: Pexels  Overview:  The US dollar is firm against all the G10 currencies, except for sterling, which is straddling unchanged levels after labor market report that showed an uptick earnings remain elevated, and the unemployment rate ticked up to a new high since September 2021. The dollar reached a new six-day high against the Japanese yen […]
It’s Not 2000; But There Are Similarities

It’s Not 2000; But There Are Similarities

More than a few individuals were active in the markets in 1999-2000, but many participants today were not. I remember looking at charts and writing about the craziness in markets as the fears of “Y2K” and the boom of “internet” filled media headlines. It was quite the dichotomy. On one hand, it was feared that […]
Bitcoin ETFs Are Signaling An Outflow Of Funds

Bitcoin ETFs Are Signaling An Outflow Of Funds

Image Source: Unsplash  At Monday’s close, the Dow Jones Industrial Average (US30) added 0.18%, while the S&P 500 Index (US500) was up 0.26%. The Nasdaq Technology Index (US100) closed positive 0.35%. Overall, positive first-quarter earnings results supported stocks despite the rising dollar. First-quarter earnings are expected to be approximately 7.1% YoY, well above the pre-reporting season prognosis of 3.8%.Bitcoin prices fell below the $68,000 mark, […]