Archives by Month:
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Uganda Joins Growing Number Of African Countries Turning To Gold Other African Countries Looking to Gold
By Mike Maharrey, Money Metals ExchangeUganda has joined the growing number of African countries turning to gold to support their currencies. The Ugandan central bank has announced a domestic gold-buying program to buy gold directly from local artisanal miners.According to a statement on the Bank of Uganda’s website, “The gold purchase program will help in accumulating […]
Whales add 71,000 BTC to their holdings during the dip
Key Takeaways Whales added 71,000 BTC worth $3.9 billion during recent price pullback. Bitcoin ETFs saw $300 million inflow on Monday, highest since early June. Bitcoin whales have added 71,000 BTC worth $3.9 billion to their portfolios during the recent market pullback, according to data from IntoTheBlock. This accumulation occurred as Bitcoin prices fell below […]
10-Year US Treasury Yield ‘Fair Value’ Estimate – Friday, July 12
The spread between the US 10-year Treasury yield vs. a ‘fair value’ estimate calculated by CapitalSpectator.com narrowed to a three-month low in June. The market-based yield is still well above this fair value estimate, but as expected in recent months (see here, for instance) the excessive market premium is still expected to slide.Yesterday’s sharp decline in the 10-year yield […]
Elliott Wave Technical Analysis: Spotify Technology S.A. – Friday, July 12
Image Source: Pixabay SPOT Elliott Wave Analysis Trading Lounge Daily Chart, Spotify Technology S.A., (SPOT) Daily Chart SPOT Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: CorrectiveSTRUCTURE: FlatPOSITION: Wave 4.DIRECTION: Bottom in wave 4.DETAILS: Looking for developments in Minor wave 4 as we seem to have found a top in wave 3 right at MG1 around 320$. Looking for support to be found on MG2 of 200$.SPOT Elliott Wave Analysis Trading Lounge 4Hr […]
Equity Bulls Dread 1st Rate Cut, As This Could Touch Off ‘Sell The News’ Phenomenon
After June’s CPI Thursday, markets are heavily betting a September rate cut is all but certain. For equity bulls, who have rallied the indices massively on the back of ‘a rate cut is coming,’ this could very well mark a ‘by the rumor, sell the news’ phenomenon.In the eyes of futures traders, September is a […]
Unlocking ASX Trading Success: Westpac Banking Corporation – Friday, July 12
Image Source: Unsplash IntroductionOur Elliott Wave analysis for the Australian Stock Exchange (ASX) highlights the WESTPAC BANKING CORPORATION (WBC). We anticipate that WBC is poised to move higher with wave ((v)) – navy.1D Chart AnalysisASX: WESTPAC BANKING CORPORATION – WBC Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave ((v)) – navy Details: Wave ((iv)) – navy concluded at […]
Bombshell CPI Report Shocks The Market (Here’s What You Need To Know)
Image source: Pixabay The June consumer price estimates at first seemed like good news. Two months in a row at low and now negative changes. But these past two months have shown a little more weakness than most had bargained for, instead so many of the details consistent with recession indications spilling out from all over […]
Market Takes JPY Lower Despite Intervention Speculation, While Sterling Shines
Image Source: Pixabay Overview: The dollar is mostly consolidating yesterday’s CPI-inspired decline. The main features include the market bidding the US dollar back above JPY159 despite more speculation that the BOJ did in fact intervene yesterday and checked on the euro-yen cross in the local session today, and unexpectedly soft Swedish inflation, which the swaps market says […]
Wells Fargo Reports Net Interest Income Decline In Q2, Shares Dip
Image Source: Pixabay Wells Fargo & Company (NYSE: WFC) reported a solid performance for the second quarter of 2024, achieving a net income of $4.9 billion, or $1.33 per diluted share.This shows a slight decrease from the $4.938 billion net income recorded in the same quarter of 2023. Total revenue for the quarter was $20.689 billion, a […]
Japanese Yen Surges: Potential Intervention Amid Inflation Shocks
Image Source: Pixabay The USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities.On Thursday, the pair plunged nearly 3%, prompted by US inflation data and rumors of Tokyo’s intervention to bolster the yen, which is nearing 38-year lows. […]
