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USD/CHF Climbs Above 0.8450 As Traders Brace For US PCE Data

USD/CHF Climbs Above 0.8450 As Traders Brace For US PCE Data

 Photo by Claudio Schwarz on Unsplash USD/CHF holds positive ground near 0.8485 in Friday’s early European session, up 0.32% on the day.  The SNB cut the interest rates by 25 bps, bringing its policy rate to 1.00% at its September meeting on Thursday.  Fed’s Cook said she ‘wholeheartedly’ backed rate cut.  The USD/CHF pair attracts some buyers to around 0.8485 on […]
US Bitcoin ETFs net $365 million in a single day as Bitcoin rallies above $65,000

US Bitcoin ETFs net $365 million in a single day as Bitcoin rallies above $65,000

Key Takeaways US spot Bitcoin ETFs have garnered over $600 million so far this week. ARK Invest’s ARKB led with $114 million in new capital on Thursday. Share this article US investors poured around $365 million into the group of spot Bitcoin ETFs on Thursday, bringing the total net buying to over $600 million so […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Friday, Sept 27

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Friday, Sept 27

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is complete and the […]
Why Doximity Stock Could Be Primed For A Major Turnaround?

Why Doximity Stock Could Be Primed For A Major Turnaround?

Image Source: PixabayDoximity (DOCS) is one of the top 3 quality setups as discussed in this post. Similar to what we’ve observed with Unity Software (U), Doximity experienced a massive sell-off, plunging well below its previous downtrend line. Even after attempts to break out, the stock continued to form lower highs, signaling persistent bearish momentum. This series […]
Current Report: Sixth Street Specialty Lending Inc.

Current Report: Sixth Street Specialty Lending Inc.

Image Source: PixabaySixth Street Specialty Lending Inc (TSLX) is a specialty business development finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the United States. It partners with companies across a variety of industries and excels at providing creative solutions to companies with complex business models that may have limited […]
SMH Semiconductor ETF Should Continue Pushing To The Upside

SMH Semiconductor ETF Should Continue Pushing To The Upside

Image Source: UnsplashThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap-weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart May 23th  In May, we showed how […]
Australian Dollar Remains Tepid As US Dollar Advances Ahead Of PCE Price Index For August

Australian Dollar Remains Tepid As US Dollar Advances Ahead Of PCE Price Index For August

Image Source: Unsplash The Australian Dollar may regain ground due to improved market sentiment amid China’s stimulus measures. Australian Treasurer Jim Chalmers views China’s new stimulus measures as a “really welcome development.” Higher US Treasury yields contribute to the support of the US Dollar. The Australian Dollar (AUD) edges lower against the US Dollar (USD) on […]
Apple’s $3.3 Trillion “Self-Destructive” Secret…

Apple’s $3.3 Trillion “Self-Destructive” Secret…

Image Source: UnsplashWhat if you built a whole business around killing your most successful product?Seriously.What if you spent years of your time and billions of dollars to revolutionize personal computing…What if you built an unprecedented new platform for business, art, self-expression, and software development…Then, as soon as your breakout product took over the world — you […]
This Bear Trap Could Make Us A Fortune This Friday

This Bear Trap Could Make Us A Fortune This Friday

Image Source: Pexels  Woah, what a wild session today! These markets might seem impossible to trade right now…But look closely, and you’ll see 2 easy trades for tomorrow – my favorite is this Bear Trap. Are you seeing it too?Emini and Nasdaq made big moves higher AND lower today…That’s an important clue because big moves in BOTH […]
S&P Sets New Closing High; COST Mixed In Fiscal Q4

S&P Sets New Closing High; COST Mixed In Fiscal Q4

Image Source: UnsplashThe S&P 500 notched a new all-time closing high Thursday, rising by +23 points or +0.40%, to 5745. And it was the laggard among major stock market indexes for the session: the Dow grew +260 points, +0.62%, while the Nasdaq gained +108, +0.60%, and the small-cap Russell 2000 +0.57% on the day. China Stimulus […]