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The Post ETF Check: What Happens With ETH?

The Post ETF Check: What Happens With ETH?

Image Source: Pixabay  Recently, the U.S. Securities and Exchange Commission made headlines by approving the first spot Ethereum exchange-traded funds. As we already closely monitored in Bitcoin case, this is a big deal in the crypto world. Major asset managers such as Grayscale, Fidelity, and Bitwise are behind these ETFs. This approval follows a rigorous application process that addresses […]
Why You Should Avoid Being Bearish Right Now

Why You Should Avoid Being Bearish Right Now

Stocks continue to defy the bears.Being bearish is inherently problematic because historically stocks tend to go up… and quite a lot. Over the last 100 years, the Dow Jones Industrial Average has finished the year up 68% of the time. And as you can see in the chart below… they’ve gone up a LOT. Investing […]
Stocks Bounce, As S&P 500 Can Be Progressing 5th Wave

Stocks Bounce, As S&P 500 Can Be Progressing 5th Wave

Image Source: Unsplash  We talked about stocks, specifically SP500 back on May 16, where we mentioned and highlighted an ongoing five-wave bullish cycle with room for more gains for wave 5 after a wave 4 pullback. SPX 1H Chart From May 16As you can see today on June 3rd, after recent nice and clean, slightly deeper correction in wave […]
Unlocking ASX Trading Success: Rio Tinto Limited

Unlocking ASX Trading Success: Rio Tinto Limited

Image Source: Unsplash  ASX: RIO TINTO LIMITED – RIO  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with RIO TINTO LIMITED – RIO. We have determined that wave (i)-orange has reached its peak and wave (ii)-orange is opening to push lower. This correction will be our opportunity to participate in […]
Brent Crude Oil Rebounds To 81.05 USD Amid OPEC+ Agreements

Brent Crude Oil Rebounds To 81.05 USD Amid OPEC+ Agreements

Image Source: Pixabay  Brent crude oil prices have rebounded to $81.05 per barrel this Monday, stabilizing after recent selling pressure. The market’s focus now turns to the outcomes of the OPEC+ meeting held over the weekend, where members agreed to extend collective production cuts until the end of 2024.The agreed plan includes a voluntary reduction of […]
Linea faces criticism over block production halt

Linea faces criticism over block production halt

Ethereum layer-2 blockchain Linea has come under scrutiny from the crypto community following its decision to unilaterally stop block production in response to a hack on Velocore, a decentralized exchange (DEX) operating on its network. The move has ignited a discussion about the importance of decentralization and censorship resistance in the blockchain industry.The Velocore hack […]
This Week: EURUSD Could See One Of Its Biggest Daily Moves Of The Year

This Week: EURUSD Could See One Of Its Biggest Daily Moves Of The Year

World’s most-traded FX pair climbed 1.7% in May EURUSD testing support at upper downtrend line Bloomberg model: 76% chance of 1.0748 – 1.0958 range this week Key events: ECB decision and US jobs report EURUSD could see >800-point intraday move EURUSD has just sealed its first monthly climb of 2024, so far.The world’s most-traded FX pair advanced by 1.7% in […]
Exxon’s Darren Woods Gets A Biden-Era Dividend 
                    
 
Context News

Exxon’s Darren Woods Gets A Biden-Era Dividend   Context News

Darren Woods has had a surprisingly good four years. On Wednesday, Exxon Mobil’s chief executive scored a victory at the oil driller’s annual meeting, and clinched re-election. depositphotosWeeks earlier he closed his takeover of rival Pioneer Natural Resources. And Exxon’s (XOM) valuation has soared as oil and gas exports hit a record. All of this under […]
Boeing Continues To Face Pressing Challenges Amid Safety Crisis

Boeing Continues To Face Pressing Challenges Amid Safety Crisis

Boeing’s prolonged safety crisis and production issues have eroded customer trust, shareholder value, and its reputation in the aerospace industry. depositphotos Boeing (BA), once a leading force in the aerospace industry, is grappling with an unprecedented safety crisis and production issues that have eroded customer trust and shareholder value. The company’s long-term safety concerns, recent incidents, and regulatory scrutiny […]
Daily Market Outlook – Monday, June 3

Daily Market Outlook – Monday, June 3

Image Source: Unsplash  Asian equity markets kicked off the week positively amid fluctuating expectations for global interest rates, especially in the US. Late Friday, US data confirmed April inflation expectations based on the Fed’s preferred PCE deflator measure, but also indicated weaker consumer spending, which led to lower US Treasury bond yields and put pressure on […]