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Crypto.com receives Wells Notice from SEC

Crypto.com receives Wells Notice from SEC

Key Takeaways Crypto.com has filed a lawsuit against the SEC over its crypto regulations. The company challenges the SEC’s rule that treats most crypto transactions as securities. Share this article Crypto.com confirmed Tuesday it received a Wells Notice from the US Securities and Exchange Commission (SEC). In response, the company initiated a lawsuit against the […]
EUR/USD Analysis: New Downward Channel

EUR/USD Analysis: New Downward Channel

The EUR/USD exchange rate faces the risk of further losses in the coming days; however, the downward momentum is likely to fade. Recent selling has pushed the EUR/USD pair towards the 1.0952 support level, where it is currently stabilizing. The positive US jobs data gave a strong boost to the US dollar against other major […]
GBP/JPY Climbs Back Into Positive Territory After Japanese Wage Data Misses Estimates

GBP/JPY Climbs Back Into Positive Territory After Japanese Wage Data Misses Estimates

GBP/JPY climbs back into positive territory just above 194.00 on Tuesday, as the Pound Sterling (GBP) makes a mild recovery against the Japanese Yen (JPY) which depreciates after the release of lower-than-expected Japanese wage data for August. Japanese Labor Cash Earnings rose 3.0% in August on a year-over-year basis, which is lower than the 3.1% estimated […]
Barreling Down. The Energy Report

Barreling Down. The Energy Report

Our prayers are going out to Florida as a massive storm that could be the worst storm in 100 years approaches and one my friend Robert Ray at Fox Weather says is the scariest storm of his illustrious hurricane tracking career that goes back to Katrina. Robert points out that already Florida gas stations are […]
Why SPY Declined

Why SPY Declined

S&P 500 decline about to happen as the premarket rebound was losing steam around 5,780, generating quick intraday profits for clients. The tight range breakout to the upside through NFPs aftermath became contested, yet the downswing similarly respected the proximity of the relatively tight preceding range in the 5,730s.The greatest development though had been continued reappreciation […]
Kospi Composite Index Elliott Wave Technical Analysis – Tuesday, October 8

Kospi Composite Index Elliott Wave Technical Analysis – Tuesday, October 8

KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart KOSPI Composite Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 1 Direction Next Higher Degree: Orange Wave 3 (started) Details: Orange wave 2 appears completed, and now orange wave 3 is in play. Invalidation Level: 2381.93 The KOSPI Composite Elliott Wave analysis on the daily chart […]
PepsiCo Reports Resilient Third-Quarter Core EPS Of $2.31 Amidst Challenges

PepsiCo Reports Resilient Third-Quarter Core EPS Of $2.31 Amidst Challenges

In the third quarter of 2024, PepsiCo faced challenges with a slight decline in net revenue, but managed to increase core EPS to $2.31.In the third quarter of 2024, PepsiCo (PEP) reported a slight decline in net revenue, with a decrease of 0.6% compared to the same period in the previous year. The company faced challenges […]
New Home Affordability Crisis Enters 29th Month

New Home Affordability Crisis Enters 29th Month

Mortgage rates are falling. Estimates of median household income were revised significantly higher. Even new home sale prices fell in August 2024.But for the 29th consecutive month, the typical new home sold in the United States remains out of the affordable reach of the typical American household. In August 2024, we estimate the mortgage payment for a new home […]
CAD/JPY Forex Signal: Canadian Dollar Pulls Back Against Japanese Yen

CAD/JPY Forex Signal: Canadian Dollar Pulls Back Against Japanese Yen

Potential Signal: At this point in time, I think that if the market closes above the 200 Day EMA, breaking above the ¥110 level, it’s time to start buying. I would put a stop loss at the ¥108.40 level. There are a lot of different things coming around at the same time when it comes […]
USD/CAD Reclaims Seven-week High Near 1.3650 Amid Weak Canadian Dollar

USD/CAD Reclaims Seven-week High Near 1.3650 Amid Weak Canadian Dollar

The USD/CAD pair recaptures a seven-week high near 1.3650 in Tuesday’s European session. The Loonie asset strengthens amid weakness across the Canadian Dollar’s (CAD) performance ahead of Canada’s Employment data for September, which will be published on Friday.The Canadian job report is expected to show that the economy added 28K workers, higher than 22.1K in […]