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Long Live The King. Manic Metals

Long Live The King. Manic Metals

Image Source: Pixabay Precious and industrial metals generally pulled back after some hawkish comments by Fed Governor Michelle Bowman as well as a uptick in consumer confidence to 100.4% and an increase consumer 12- month inflation expectations from 5.3% to 5.4%.Yet the bigger topic of conversation has been the ability of King Dollar to reign supreme […]
Gamestop Is Becoming A Poorly Run Bank

Gamestop Is Becoming A Poorly Run Bank

  ↵Image Source: Unsplash GameStop’s (GME) actual business – selling video games and associated paraphernalia – isn’t doing so hot. Its other business – earning interest on cash that was handed over irrationally – is helping. But that makes GameStop more akin to a bank than a retailer. Shareholders would be better off sticking with an actual […]
Dow Nearly 100 Points Lower Amid Slumping Home Sales

Dow Nearly 100 Points Lower Amid Slumping Home Sales

Stocks are mixed midday, as investors assess their artificial intelligence (AI) holdings and unpack fresh home sales data. According to the Commerce Department, home sales fell in May to 619,000 — down 11.3% from April’s revision higher — while the median sales prices edged lower as well.At last glance, the tech-heavy Nasdaq Composite Index (IXIC) is […]
Cardano devs outsmart DDoS attacker, stop disrupting attempt, and secure funds

Cardano devs outsmart DDoS attacker, stop disrupting attempt, and secure funds

Cardano recently faced a DDoS attack that targeted staked ADA. But the attacker failed to disrupt the network as Cardano developers quickly mitigated the attempt and secured funds.On Tuesday, Raul Antonio, Fluid Tokens’ CTO, reported that an attacker launched a distributed denial-of-service (DDoS) attack on the Cardano network, starting at block 10,487,530.Antonio said the attack […]
UK Retail Sales Data Disappoints, Leading To More Investor Caution

UK Retail Sales Data Disappoints, Leading To More Investor Caution

Image Source: Pexels FTSE 100 in the UK printed another modest decline on Wednesday. In the year leading up to June, retail sales volumes declined more rapidly than anticipated and are projected to decrease even further next month, although at a slower rate, according to industry data. The CBI distributive trades survey revealed a 24% drop […]
Elliott Wave Technical Analysis: Swiss Market Index – Wednesday, June 26

Elliott Wave Technical Analysis: Swiss Market Index – Wednesday, June 26

Image Source: Pixabay  Swiss Market Index Elliott Wave Analysis – Day ChartFUNCTION: TrendMODE: CorrectiveSTRUCTURE: Gray Wave 2POSITION: Orange Wave 3NEXT HIGHER DEGREES: Gray Wave 3DETAILS: Gray Wave 1 of Orange Wave 3 appears complete; Gray Wave 2 is in play.WAVE CANCEL INVALID LEVEL: 11130.21The Swiss Market Index (SMI) Elliott Wave analysis on the day chart evaluates the market’s […]
Money Supply Is Moving Back Up

Money Supply Is Moving Back Up

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.One key metric shown below is the “Wenzel” 13-week annualized money supply […]
Analytical Overview Of The Main Currency Pairs – Wednesday, June 26

Analytical Overview Of The Main Currency Pairs – Wednesday, June 26

Image Source: Unsplash  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0730 Prev Close: 1.0714 % chg. over the last day: -0.15 % FOMC representative Bowman’s hawkish comments yesterday boosted the USD when she stated that she sees several upside risks to the inflation outlook and “we are still not at a point where it is […]
NZD/USD Price Analysis: Posts Fresh Monthly Low After Double Top Breakdown

NZD/USD Price Analysis: Posts Fresh Monthly Low After Double Top Breakdown

NZD/USD refreshes monthly low near 0.6076 as the Fed’s hawkish remarks strengthen the US Dollar’s appeal. Fed Bowman sees interest rates remaining steady for the entire year. A Double Top breakdown weakens the New Zealand Dollar. The NZD/USD pair posts a fresh monthly low near 0.6076 in Wednesday’s New York session. The Kiwi asset faces intense […]
Solana Introduces ‘Blinks’ & ‘Actions’ To Streamline Trading On Social Platforms

Solana Introduces ‘Blinks’ & ‘Actions’ To Streamline Trading On Social Platforms

The Solana Foundation launched the Blinks and Actions feature on the blockchain on Tuesday, connecting “Solana to the entire internet.”The new functionalities, designed to put cryptocurrency back into social media, will enable players to transact crypto on any website.That comes as the network looks to make digital asset transactions intuitive and more seamless.The move aims […]