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Ethereum Eyes Bitcoin’s Lead: Is A Similar Surge Possible?

Ethereum Eyes Bitcoin’s Lead: Is A Similar Surge Possible?

Ethereum price started a decent increase above the $3,900 zone. ETH is consolidating gains and might aim for a move above the $4,000 resistance zone. Ethereum started a decent increase above $3,880 and $3,920. The price is trading below $3,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend […]
Unlock Massive Dividends With These High-Yield Bitcoin ETFs

Unlock Massive Dividends With These High-Yield Bitcoin ETFs

Until fund sponsors developed ETFs that pay big dividends, I viewed cryptocurrencies as products without any practical use. But now, with the advent of covered call ETFs that use Bitcoin as the underlying asset, I have become a Bitcoin fan.A recent Wall Street Journal article discussed why the limited supply is fueling the Bitcoin rally. The article […]
Canadian Dollar Falls To A Four-Year Low

Canadian Dollar Falls To A Four-Year Low

Photo by Michelle Spollen on Unsplash  At the end of Friday, the Dow Jones (US30) Index was down 0.20% (for the week -1.83%). The S&P 500 Index (US500) closed unchanged (for the week -0.52%). The Nasdaq Technology Index (US100) was up 0.76% (for the week +0.96%). The Nasdaq Technology Index hit a new record high on Friday, driven […]
Asia Open: Investors Eye Bull Run Extension Amid Global Monetary Easing Wave

Asia Open: Investors Eye Bull Run Extension Amid Global Monetary Easing Wave

Image Source: Pixabay  Asia is set to launch the final comprehensive trading week of 2024 with the pivotal ‘China data dump’ on Monday, setting the stage for what promises to be a dynamic close to the year.Investors, buoyed by a wave of global monetary easing, are keen to extend the equity bull run as central banks […]
Daily Market Outlook – Monday, Dec. 16

Daily Market Outlook – Monday, Dec. 16

Image Source: Unsplash  China has started the week with underwhelming data, as November retail sales grew by just 3.0% year-on-year, missing the expected 4.6% growth. House prices continued their decline, while industrial output remained stable. Officials have been considering stimulus options, such as lowering bank reserve requirements; however, credit data suggests lower borrowing costs aren’t effective […]
Taking Stock Of The Utilities Sector

Taking Stock Of The Utilities Sector

Image Source: Unsplash  According to a report issued by Deloitte last week, “Utilities are navigating a new era of growth and transformation as they address emerging challenges and rising demand.”  Reading this report led me to focus on the Utilities Sector this week both in terms of ETFs and individual stocks currently rated as attractive by […]
Japanese Yen Hits Three-Week Low As Bank Of Japan Holds Rate Steady

Japanese Yen Hits Three-Week Low As Bank Of Japan Holds Rate Steady

Image Source: Pixabay  The USD/JPY pair climbed to 153.77 on Monday, reaching a three-week high. This movement reflects growing investor sentiment that the Bank of Japan (BoJ) will maintain its current interest rate level and continue its pause on monetary policy tightening at this week’s meeting. Recent statements from the BoJ have indicated a need for […]
Elliott Wave Technical Analysis: S&P 500 – Monday, Dec. 16

Elliott Wave Technical Analysis: S&P 500 – Monday, Dec. 16

S&P 500 Elliott Wave Analysis – Trading Lounge Day ChartS&P 500 Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 4 Details: Orange Wave 2 appears completed; currently, Orange Wave 3 of Navy Blue Wave 3 is in progress. Wave Cancel Invalidation Level: 5,830.72 Analysis OverviewThe S&P 500 daily […]
Bank Of England Rates To Stay On Hold But Cuts To Accelerate In 2025

Bank Of England Rates To Stay On Hold But Cuts To Accelerate In 2025

Image source: Pixabay  Sticky services inflation and the prospect of stronger growth next year means the Bank of England seems content with cutting rates more gradually than its European peers. We don’t expect a cut this week, but better underlying inflation data could unlock faster easing in the spring.  The Bank of England is in no […]
Households Are Record Long Stocks

Households Are Record Long Stocks

“This plan, of betting only at a level at which I was emotionally comfortable and not advancing until I was ready, enabled me to play my system with a calm and disciplined accuracy. This lesson from the blackjack tables would prove invaluable throughout my investment lifetime as the stakes grew ever larger.” ~ Edward Thorp In this […]