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AUD/JPY Price Analysis: Severe Losses Seen With Indicators Deep In Negative Territory

AUD/JPY Price Analysis: Severe Losses Seen With Indicators Deep In Negative Territory

Image Source: Unsplash AUD/JPY drops towards 105.00, notably below the 20-day SMA. The downtrend continues, now showing sharp momentum as bearish sentiment increases. With intensified bearish momentum, the pair may see a slight upward correction. In Wednesday’s session, the AUD/JPY pair recorded a significant drop to 105.05, marking an extended five-day losing streak from last week. […]
Stocks And Precious Metals Charts – Turn Lower

Stocks And Precious Metals Charts – Turn Lower

Late last night stocks took a decided turn lower.The Dollar started slumping around 4 AM.And gold ralllied sharply.Silver, along with a few other key industrial metals, turned lower in sympathy with stocks.As I have mentioned a few times in the past, when I was during multivariate regression analysis of the precious metals and other things, […]
Billion Dollar Companies Like Apple And Nvidia Are Swiping YouTube Content To Train Their AI

Billion Dollar Companies Like Apple And Nvidia Are Swiping YouTube Content To Train Their AI

Photo by Steve Johnson on UnsplashApple (AAPL), Nvidia (NVDA), and Salesforce (CRM) are using content on YouTube to train their AI. Subtitles from 173,536 YouTube videos spread across 48,000 YouTube channels were used by these companies as training data despite YouTube’s rules against harvesting information, according to Proof News and Wired. The dataset – called YouTube Subtitles – includes transcripts from educational […]
Ethereum ETFs set for July 23 launch as S-1 forms updated

Ethereum ETFs set for July 23 launch as S-1 forms updated

Key Takeaways Most Ethereum ETFs have updated S-1 forms with revised fees, preparing for a July 23 launch. Grayscale’s ETHE charges a 2.5% fee, significantly higher than competitors offering waiver fees. All spot Ethereum exchange-traded funds (ETF) got their S-1 forms amended with updated fees, except Proshares, as reported by Bloomberg ETF analyst James Seyffart. […]
Hello July 6-Month Calendar Range

Hello July 6-Month Calendar Range

First some facts about the July Calendar RangeThe July Pattern The Six-Month Calendar Ranges Provides directional bias for the next 6 to 12 months. January and July divide the year Simple levels that matter + the right indicators and tactics. Overall, we look at 2 simple things. If an instrument breaks out of the range […]
Sellers Strike As S&P And Nasdaq Gap Down

Sellers Strike As S&P And Nasdaq Gap Down

It was a hard fall, but one day does not a bear market make. The Nasdaq took the biggest hit on the day breaching the bearish wedge, but on lighter volume. The index closed below the 20-day MA, but there is a chance for swing traders to trade a move back to 18,500 if we […]
The Ethics Of Artificial Intelligence

The Ethics Of Artificial Intelligence

The ever-evolving artificial intelligence (AI) landscape has generated excitement, interest and investment; it has also triggered important questions regarding AI’s impact on businesses, on investment portfolios, on society and on the environment. When factoring in elements such as the high energy requirements of training large language models (LLMs), direct and indirect emissions and the diversity […]
Selling Consumes Big Tech – Here’s What’s Next

Selling Consumes Big Tech – Here’s What’s Next

Image Source: Unsplash That eerie, everywhere-at-once-sucking noise you hear when you go outside? That’s the sound of hundreds of billions of dollars in market cap leaving tech stocks.The selling we’ve seen today has been incredibly concentrated in the tech sector… and therein lies the risk.On a point-for-point basis, a drop of 541 on the Nasdaq is big, […]
Market Talk – Wednesday, July 17

Market Talk – Wednesday, July 17

Image Source: PixabayASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 177.39 points or -0.43% to 41,097.69 Shanghai decreased 13.45 points or -0.45% to 2,962.85 Hang Seng increased 11.43 points or 0.06% to 17,739.41 ASX 200 increased 58.60 points or 0.73% to 8,057.90 KOSPI decreased 22.80 points or -0.80% to 2,843.29 SENSEX […]
Better Than Expected Housing Data, But…

Better Than Expected Housing Data, But…

After three straight months of weaker-than-expected reports, Wednesday’s release of Building Materials and Housing Starts bucked the recent trend coming in better than expected, joining other reports this week that have managed to exceed expectations. As shown above the table below, May’s reports were also revised higher. While the better-than-expected results were welcome, the overall […]