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Bitcoin spikes to $71,500, 4% away from all-time high

Bitcoin spikes to $71,500, 4% away from all-time high

Key Takeaways Bitcoin’s recent price surge to $71,000 is closely linked to substantial inflows into Bitcoin ETFs. Despite market fluctuations, Bitcoin maintains a strong recovery momentum. Share this article Bitcoin has rallied over 5% to $71,500 and is now within striking distance of its all-time high of $73,700. The surge comes as the US presidential […]
Reporting Companies Up Big In Late Trading

Reporting Companies Up Big In Late Trading

Image Source: UnsplashA healthy start to the trading week relied mostly on speculative valuation, as much of the factual reportage has yet to materialize. What we mean by this is most of the meaty reports with the potential to sway trading trajectories haven’t happened yet.Even still: the Dow was up +275 points, +0.65%, while the S&P […]
Elliott Wave View: Nasdaq Futures May See Further Upside

Elliott Wave View: Nasdaq Futures May See Further Upside

Image Source: PexelsShort Term Elliott Wave View in Nasdaq Futures (NQ) suggests the rally from 10.1.2024 low is in progress as 5 waves. Up from 10.1.2024 low, wave ((i)) ended at 20680 as the 1 hour chart below shows. Dips in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave i ended […]
Current Report: Exco Technologies Ltd

Current Report: Exco Technologies Ltd

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Exco Technologies Ltd  (EXCOF) is a designer, developer, and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries.The company reports in two business segments namely, […]
Gold Price Moves Back Above $2,750 Level, Closer To All-Time Peak

Gold Price Moves Back Above $2,750 Level, Closer To All-Time Peak

Image Source: Pixabay Gold price catches fresh bids on Tuesday amid Middle East tensions and US election jitters. Bets for smaller Fed rate cuts remain supportive of elevated US bond yields and the USD. A positive risk tone might further contribute to capping the XAU/USD ahead of US data. Gold price (XAU/USD) ticks higher during the […]
WTI Plunges To Near $67.50 As Crude Oil’s Middle East Risk Premium Fades

WTI Plunges To Near $67.50 As Crude Oil’s Middle East Risk Premium Fades

Image Source: Pixabay WTI price edges lower to near $67.55 in Thursday’s Asian session.  Easing fear of crude supply and China’s demand woes could weigh on the WTI price.  Investors will monitor the US advanced Q3 GDP on Wednesday ahead of the employment data.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.55 on […]
This Crown Reversal Could Double Our Profits On Tuesday

This Crown Reversal Could Double Our Profits On Tuesday

Image Source: Unsplash   Weekend’s Over – let’s make some money!  Markets are range-bound ahead of earnings tomorrow evening…Combine that with a big clue on the 60min chart, and it’s easy to see why this Crown Reversal is my favorite trade for tomorrow!Markets have been wild the last couple days…Anytime I see markets make big moves […]
Australian Dollar Loses Ground Despite The Hawkish RBA, Inflation Data Awaited

Australian Dollar Loses Ground Despite The Hawkish RBA, Inflation Data Awaited

Image Source: Unsplash The Australian Dollar falls as the US Dollar remains solid amid a resilient US economy. The Aussie Dollar may limit its downside as an RBA rate cut is unlikely in the near term. The US Dollar appreciates as recent positive US data supports the sentiment of nominal rate cuts by the Fed. The […]
Four More Items In The Wages Outpacing Prices Debate

Four More Items In The Wages Outpacing Prices Debate

Image Source: PixabayBen Casselman had a useful piece in the New York Times examining the extent to which wages have outpaced prices since the pandemic. While he notes that for most people they almost certain have, there are people for whom this is likely not the case.In fact, this will always be the case, even in the best […]
Asia Open: Walking On Eggshells

Asia Open: Walking On Eggshells

Image Source: UnsplashMARKETSStocks got a lift Monday as Middle East tensions simmered down. Israel’s weekend response to Iran, limited to a handful of military targets, managed to sidestep oil infrastructure and civilian sites, helping dial back the recent geopolitical risk premium. Oil’s 6% drop might have had bond traders dancing in their seats, but stocks rallying […]