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FTX set to begin creditor distributions in early 2025

FTX set to begin creditor distributions in early 2025

Key Takeaways FTX plans to start distributing proceeds to creditors and customers in early 2025. Eligible customers must complete KYC verification and submit required tax forms to receive distributions. Share this article FTX, the infamous crypto exchange once led by Sam Bankman-Fried, plans to begin distributing proceeds to creditors and customers in early 2025 as […]
FTSE Posts Gains As Manufacturer Outlook Points To Green Shoots

FTSE Posts Gains As Manufacturer Outlook Points To Green Shoots

Image Source: Unsplash The FTSE 100 saw small increases in Thursday’s trade as worries about inflation and geopolitics were overcome by a bullish outlook for the manufacturing sector. Bond yields in the U.K. increased as markets reduced expectations of interest rate cuts from the Bank of England amid higher-than-expected inflation. The Confederation of British Industry’s Industrial […]
Dow Up Triple Digits; S&P 500 Eyes 4th-Straight Gain

Dow Up Triple Digits; S&P 500 Eyes 4th-Straight Gain

The Dow Jones Industrial Average (DJI) is sporting a triple-digit lead this afternoon, as traders unpack Nvidia’s (NVDA) better-than-expected quarter and volatile post-earnings response. The S&P 500 Index (SPX) is also sporting a midday lead and pacing for a fourth-straight gain, while the Nasdaq Composite (IXIC) is firmly in the red. Tech stocks are taking cues from […]
S&P 500 At Pivotal Zone

S&P 500 At Pivotal Zone

Image Source: Unsplash S&P 500 at pivotal zone as Nvidia fails to meet lofty revenue expectations After the recent US presidential election, where Trump’s win gave a big boost to US stock markets, the S&P 500 has been consolidating – falling last week and being slightly higher so far this week. In other words, it has […]
Elliott Wave Technical Analysis – Deere & Company

Elliott Wave Technical Analysis – Deere & Company

DE Elliott Wave Analysis Trading LoungeDeere&Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {i} of 3.DIRECTION: Upside into wave 3.DETAILS: Looking at the possibility of a bottom in wave 2 after we reached equality of {c} vs. {a}, and volume seems to be suggesting the bullish case as well.Deere&Co., (DE) 1H ChartDE […]
Solana price hits $250 for the first time in three years amid SEC progress on Solana ETF applications

Solana price hits $250 for the first time in three years amid SEC progress on Solana ETF applications

Key Takeaways Solana’s SOL token price surged to $250, nearing its all-time high amid SEC discussions with ETF issuers. The SEC has initiated talks with Solana ETF issuers like VanEck and 21Shares on S-1 forms. Share this article Solana’s SOL token surged to $250, its highest level since November 2021, on Thursday morning. The surge […]
Asia Week Ahead: Bank Of Korea Rate Decision And Regional CPI Data

Asia Week Ahead: Bank Of Korea Rate Decision And Regional CPI Data

Image Source: Pixabay  The Bank of Korea meets next week to decide on rates. Meanwhile, we’ll get CPI readings from Singapore and Australia.  China: medium-term lending facility rateIt’s another quiet week ahead for China as November comes to a close. The People’s Bank of China (PBoC) is expected to announce the medium-term lending facility rate on Monday, […]
Sensex Today Falls 423 Points; Nifty Ends Near 23,350

Sensex Today Falls 423 Points; Nifty Ends Near 23,350

On Thursday, Indian share markets traded lower throughout the trading session and ended on a weak note.Benchmark indices were impacted by declines in global stock markets and Adani group stocks following the indictment of Gautam Adani. He is accused of being involved in a multibillion-dollar bribery and fraud scheme.Meanwhile, weak corporate earnings and sustained FII outflows also […]
Is The Relatively Weak Trend For US Private Payrolls A Warning?

Is The Relatively Weak Trend For US Private Payrolls A Warning?

If you could only track one economic indicator to monitor the economy the trend in payrolls would be a solid choice. Think of it as the fuel that powers consumer spending engine, which accounts for nearly 70% of economic activity. The good news is that the labor market still looks solid, based on several conventional […]
Off To The Races

Off To The Races

S&P 500 did a premarket and opening bell flush once again, and then I capitalized on the rebound for swing and intraday clients alike. Ellin also added to our intraday tally. The only disappointment is selling into NVDA earnings beat, however, the poor breadth of recent days will get an uplift today – the long basing process that […]