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IPOs 2024: Astera Labs Benefits From The AI Boom

IPOs 2024: Astera Labs Benefits From The AI Boom

Photo Credit: Michael Schwarzenberger from Pixabay  According to a recent market report, the global Artificial Intelligence market is expected to grow 37% annually over the next few years to reach $2.75 trillion by 2032 from $177 billion in 2023. This is also propelling the growth of AI infrastructure companies. One such player is Astera Labs (Nasdaq: ALAB) that listed recently […]
Ripple And Tron Are Under Pressure Looking For New Support

Ripple And Tron Are Under Pressure Looking For New Support

Ripple chart analysisLast weekend, the price of Ripple climbed to the 0.6312 level, forming a two-week high there. Shortly thereafter, a bearish consolidation below 0.6200 was initiated. On Sunday, we continued to fall all the way to 0.6000, where we tried to hold above the EMA 200 moving average. We failed in that because, on Monday, we […]
USD/JPY Analysis: Yen Rises On Policy Divergence

USD/JPY Analysis: Yen Rises On Policy Divergence

The Japanese yen rose above 143.50 yen against the US dollar, hitting a three-week high, as hawkish comments from Bank of Japan Governor Kazuo Ueda contrasted with dovish comments from US Federal Reserve Chairman Jerome Powell. On Friday, Ueda told parliament that the BOJ could adjust monetary policy if its economic outlook holds, signalling a […]
BTC Rallies As Fed Signals Rate Cuts: NVDA, COIN, SQ To Gain 
                    
What’s Propelling BTC Price Higher?
3 Stocks to Make the Most of BTC’s Upward Trajectory

BTC Rallies As Fed Signals Rate Cuts: NVDA, COIN, SQ To Gain What’s Propelling BTC Price Higher? 3 Stocks to Make the Most of BTC’s Upward Trajectory

The price of Bitcoin (BTC) scaled upward recently after the Federal Reserve’s Chair Jerome Powell said at the Jackson Hole Symposium that “time has come” to trim interest rates soon. Rate cuts, by the way, are bullish for cryptocurrencies like BTC, and stocks such as NVIDIA Corporation (NVDA) , Coinbase Global, Inc. (COIN) and Block, Inc. (SQ) are well-poised to gain from […]
Options: An Unlikely Source Of Income

Options: An Unlikely Source Of Income

Image Source: Pixabay  On Saturday, I invited my friend Keith Kaplan, the CEO of TradeSmith, to share some investing wisdom about trading options.Options are always a hot-button topic with investors, so today, I’ll go into more detail on a few different types of option trades, how to make money using options, and the risks involved.There are […]
USD/JPY Price Analysis: Safe-Haven Demand Lifts Dollar

USD/JPY Price Analysis: Safe-Haven Demand Lifts Dollar

The USD/JPY price analysis is slightly bullish as investors balance a stronger dollar and yen amid safe-haven demand. Over the weekend, an escalation in Middle East tensions pushed investors to buy safe-haven assets like the dollar and the yen. However, trading was thin as UK markets closed for a public holiday.Notably, the US dollar has […]
Games, Traps And NVDA

Games, Traps And NVDA

S&P 500 rose to new highs, and then another intraday rug pull came – just like the prior low volume week. Are NVDA earnings as important fundamentally as Jackson Hole? The risk-off sectoral view says so, and very technical intraday trading with false breakouts and breakdowns is the result.Tech weakness before Wednesday‘s close, the NVDA […]
Pound Extends 2024 High Against The Buck

Pound Extends 2024 High Against The Buck

We’re looking at a market in some very thin summer trading conditions. What we’ve seen on Tuesday thus far is nothing more than choppy consolidation for the most part. The only notable exception is the Pound, which has extended its run of yearly highs as the market continues to price in more the favorable UK […]
Elliott Wave Technical Analysis: Apple Inc. – Tuesday, Aug. 27

Elliott Wave Technical Analysis: Apple Inc. – Tuesday, Aug. 27

AAPL Elliott Wave Analysis Trading Lounge Daily Chart,Apple Inc., (AAPL) Daily Chart AAPL Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iii} of 3.    DIRECTION: Upside in wave {iii}.   DETAILS: Aggressive count to the upside with a double 1-2. As long as we keep trading above 200$ we can foresee further long term upside.AAPL Elliott Wave Analysis Trading Lounge 1H Chart,Apple Inc., (AAPL) 1H Chart AAPL Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (i) of {iii}. DIRECTION: Top in wave (i). DETAILS: Looking […]
US Dollar Index Price Forecast: Finds Floor At Long-Term Historical Support Level

US Dollar Index Price Forecast: Finds Floor At Long-Term Historical Support Level

The US Dollar Index (DXY) is in a medium and long-term sideways trend within a multi-year range. Since late July it has been steadily unfolding a down leg within that range from the ceiling at around 105, to the range floor at the 100 level. 100 is important. Apart from being a key psychological level, 100 […]