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FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million

FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million

Key Takeaways Backpack Exchange has acquired FTX EU for $32.7 million with regulatory approval from Cyprus and the FTX bankruptcy court. With a launch in Q1 2025, Backpack aims to become Europe’s sole regulated provider of perpetual futures, leveraging its MiFID II license. Share this article Backpack Exchange, founded by former FTX and Alameda Research […]
Economically Weighted Ism Indexes For December Forecast Continued Expansion

Economically Weighted Ism Indexes For December Forecast Continued Expansion

We got two significant economic releases this morning. First, let’s take a look at the ISM services index. I’ll examine the November JOLTS report separately.Recall that services are about 75% of the economy. Thus, even if goods production is contracting, their share of the economy has declined to the point where that does not necessarily […]
Cable Can Be Looking For The Support

Cable Can Be Looking For The Support

Cable recently touched a new low at the 1.23-1-24 area, marking a five-wave decline from the 2024 highs rather than a three-wave move. This suggests the five-wave drop could come to an end at the start of the year, possibly in the 1.23 area, because it can be potentially trading now in 5th wave. Also, […]
Transition To A New Global Monetary System

Transition To A New Global Monetary System

Our current/old systemThe last systemic or significant change in our Federal Reserve’s monetary policy occurred in 1971, when gold backing to our dollar was completely removed, and the United States transitioned to a centralized, completely fiat monetary system.  While president Nixon is generally attributed for this action, in reality it was the previous decade’s government […]
Netflix Inc. Stocks Elliott Wave Technical Analysis – Tuesday, January 7

Netflix Inc. Stocks Elliott Wave Technical Analysis – Tuesday, January 7

NFLX Elliott Wave Analysis Trading LoungeNetflix Inc., (NFLX) Daily ChartNFLX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 4 of (5).DIRECTION: Upside within wave 5 of (5).DETAILS: Looking for a bottom in wave 4 in place or soon to be. Wave 3 is just a bit short of 1.618 3 vs. 1, looking for overall upside […]
Gold, Silver And Oil Battle Rising Yields – Who Wins?

Gold, Silver And Oil Battle Rising Yields – Who Wins?

S&P 500 rose also after the opening bell, and clients were ready with the weekend upswing call thanks to notable breadth improvement. For all the sectoral risk-on positioning, the mid-session selling coinciding with not bullishly received Treasuries auction, was discouraging to bulls relying on CES push for most of the tech names (it‘ll be pretty […]
Bull Of The Day: Arbe Robotics Ltd

Bull Of The Day: Arbe Robotics Ltd

Over the last few trading sessions we have seen the power of the Nvidia (NVDA) halo.  The halo is the coming to us in the form of investments NVDA has made in some smaller companies that are partners and or customers. Cerence (CRNC) was announced as a partner for large language modeling and as a result the stock jumped […]
EUR/USD Analysis: Bearish Momentum Drives EUR/USD Lower 
                    
Can You Buy the Euro-Dollar Now?

EUR/USD Analysis: Bearish Momentum Drives EUR/USD Lower Can You Buy the Euro-Dollar Now?

According to recent trades and after its sharp losses, the EUR/USD exchange rate is heading towards parity. Before that, investors will be watching closely for the reaction to the release of US jobs data next Friday. According to reliable trading platforms, the euro price has fallen to its lowest level in two years against the […]
EUR/USD Outlook: Firm Amid Hot Eurozone Prices

EUR/USD Outlook: Firm Amid Hot Eurozone Prices

The EUR/USD outlook indicates higher-than-expected price pressures in major Eurozone economies that have supported the euro. Meanwhile, the dollar remained vulnerable after reports that Trump might go easy on proposed tariffs.The euro rose on Tuesday as market participants lowered expectations for ECB rate cuts due to upbeat inflation figures. Data on Monday revealed that consumer […]
Ripple taps Chainlink to boost RLUSD utility and DeFi access

Ripple taps Chainlink to boost RLUSD utility and DeFi access

Key Takeaways Ripple has adopted Chainlink’s price feed to enhance RLUSD stablecoin’s utility in DeFi applications. RLUSD is available on multiple exchanges and aims to expand its platform reach to support its integration into DeFi. Share this article Ripple is adopting Chainlink’s standard to provide reliable pricing data for its RLUSD stablecoin, aiming to enhance […]