November 2024 - Page 158 of 229 -

Bitcoin Starts The Week With New ATH: 3 Factors Why The Rally Can Continue

Nov 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Bitcoin (BITCOMP) surged to unprecedented heights on Monday, reaching $82,228.41 at the time of writing (5:20 AM EST) and marking a 3.6% increase as bullish momentum continues to drive the world’s largest cryptocurrency to new records.Trading across nearly 12,000 active markets with a 24-hour volume exceeding $78 billion, Bitcoin’s market capitalization has swelled […]

Sensex Today Trades Lower; Nifty Below 24,100; Asian Paints Cracks 8%

Nov 11, 2024 Jeremy Parkinson Finance 0

Asian markets traded lower on Monday after lower-than-expected China’s October inflation data.Japan’s Nikkei 225 declined 0.1%, while the Topix was flat. South Korea’s Kospi dropped 0.6%, and the Kosdaq fell 0.6%.The US stock market ended higher on Friday, registering its biggest weekly percentage gain in a year, after Donald Trump’s election victory.Here’s a table showing […]

The Dow Jones Broke The 44 000 Mark

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash On Friday, the Dow Jones (US30) rose by 0.59% to reach 44,000 points for the first time (up +4.72% for the week). The S&P 500 Index (US500) gained 0.38% and surpassed the 6,000-point mark for the first time (for the week +4.72%). The Nasdaq Technology Index (US100) closed positive 0.07% (for the week […]

Forex Today: Trump Trade Sends Bitcoin, US Stocks To Record Highs

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Republican victory in the US elections is sending cryptocurrencies and major US stock market indices higher to reach new all-time high prices. Following the decisive election victory of President Trump, the Republican capture of the US Senate, and the near-certain Republican majority in the House of Representatives, the “Trump trade” is performing […]

Russell 2000 Index Elliott Wave Technical Analysis – Monday, November 11

Nov 11, 2024 Jeremy Parkinson Finance 0

RUSSELL 2000 Elliott Wave Analysis Trading Lounge Day ChartRUSSELL 2000 Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Lower Degrees: Gray Wave 4 Details: Gray wave 2 appears complete, with gray wave 3 currently active. Wave Cancelation Invalid Level: 217.61The Russell 2000 Day Chart, analyzed using the Elliott Wave technique, indicates a bullish trend in […]

FX Daily: The Name Lighthizer Sends Tremors Through FX

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Rest of World currencies took a leg lower on Friday after reports suggested that Robert Lighthizer will likely head the next Trump administration’s trade policy. His name shouldn’t have come as a surprise but serves as a reminder that US protectionism is on its way. Today’s US holiday will keep markets quiet. We see […]

Elliott Wave Technical Analysis: Binance Crypto Price News – Monday, Nov. 11

Nov 11, 2024 Jeremy Parkinson Finance 0

Elliott Wave Analysis TradingLoungeBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (3)Direction Next higher Degrees: wave ((3)) of ImpulseWave Cancel invalid level:Details: Wave 3 is likely to be 161.8% of wave 1.Binance/ U.S. dollar(BNBUSD)Trading Strategy:The correction in wave 2 seems to be over so we focus on the five-wave rally of wave […]

When Policies Don’t Mix

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

It has been a while, but I am back. As I sit here scratching my head, I am pondering – as are so many others – what the interplay between President-elect Trump’s proposed policies will bring to the U.S. Indeed, also pondering what the interplay between him and others in his possible Cabinet will bring to […]

The Trump Bump

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Incumbent Congressman Eli Crane, representing Arizona’s second district, clinched re-election this past Saturday, pushing the Republican party closer to the 218 seats they need for a majority in the House. This win brings the GOP up to 213, setting the stage for a potential Republican-led House of Representatives.For traders, the U.S. election has always looked […]

Is Airbnb Contributing To The Global Housing Shortage?

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash French lawmakers took a significant step on November 7 by passing legislation to tighten the regulation of tourist accommodations like Airbnb.This move, which has been in development since April 2023, aims to limit tax breaks for properties used for short-term rentals in an effort to counteract the nation’s affordable housing shortage.“The boom in […]