Category Archive: Finance, No picture
Ethereum Is Eyeing April Highs After A Pullback
Photo by Kanchanara on UnsplashHello Crypto traders! In today’s article we want to update Ethereum chart with ticker ETHUSD.As you can see today, ETH made nice and clean five-wave recovery, which indicates for more upside, at least towards the April highs and 2200 – 2300 area or maybe even higher. However, currently we can see […]
Less Than Useful Data: Inflation Indices
Inflation indices like the Consumer Price Index (CPI) and the Producer Price Index (PPI) have been in the news a lot since inflation began running hot in the spring of 2021.As their names suggest, these seasonally-adjusted indices provide a measure of the inflation experienced by different groups within the U.S. economy. The CPI represents the measure of inflation experienced […]
Daily Market Outlook – Tuesday, Nov. 28
Image Source: Unsplash Asia – As the corporate month concludes, stocks in the Asia-Pacific region displayed a mixed performance, influenced by a lower yield environment and the lacklustre performance of US stocks. The Nikkei 225 index struggled to maintain early gains, facing profit-taking amid a strengthening currency. The Hang Seng index and Shanghai Composite index also […]
SEC Still Probing Binance US Over FTX-Like Fraud
The US Securities and Exchange Commission (SEC) is still investigating Binance US in search of evidence that the exchange and former CEO, Changpeng “CZ” Zhao, had a backdoor to control customer assets.UnsplashThe SEC filed 13 charges against Binance (BNB-X), Binance US, and Zhao in June. At the time, the securities regulator claimed the accused operated an unregistered […]
4 Hour Chart Elliott Wave Technical Analysis: GBPAUD – Tuesday, November 28
Image Source: UnsplashGBPAUD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 28 November 23British Pound/ Australian Dollar(GBPAUD) 4 Hour ChartGBPAUD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 3 of 1Position: blue wave 1 of black wave 3Direction Next lower Degrees: red wave 3 of 1 (started)Details: red wave 2 of 1 looking completed at 1.91910. […]
Rates Spark: Looking Down, Just About
Image Source: UnsplashNothing like a few auctions to help test the temperature. Yields sailed lower yesterday through the 2yr and 5yr UST auctions, which did not help their stats. Today’s 7yr auction might be a better test. EUR rates retraced late last week’s move higher as pushback from the European Central Bank appears tame so far. US […]
USD/CHF Attempts To Rebound From Three-Month Lows, Trades Above 0.8800
Image Source: Unsplash USD/CHF receives downward pressure as the Fed is expected to reduce 85 bps rate cuts in 2024. US Dollar trades with a negative sentiment as risk-on sentiment improves. Traders await Swiss ZEW Survey Expectations to gain further insights into business conditions in Switzerland. USD/CHF trades above the 0.8800 psychological level during the Asian […]
Long-Term Inflation Expectations Hit 15-Year High
The consumer sentiment survey for long-term inflation expectations hit a 15-year high today. This comes at the end of the second-greatest Fed tightening cycle in history. Moreover, the 1-year inflation expectation rebounded significantly.Meanwhile, Oil and commodity prices are down materially. Throw in commodity inflation and inflation expectations, without a recession, could surge.Video Length: 00:07:18More By […]
Asia Morning Bites For Tuesday, November 28
Image Source: UnsplashGlobal macro and markets Global markets: Despite what had been an apparently disappointing auction, 2Y US Treasury yields dropped 6bp yesterday to 4.888%, while yields on the 10y fell 8bp to 4.387%. 5Y bonds were also auctioned yesterday and even though the bid-cover ratio was down, yields still managed to fall 7.4bp to 4.411%. US […]
Bernstein Says This Chinese EV Maker Should Be Worth Close To Tesla
Image Source: Unsplash Bernstein analyst sees upside in shares of BYD Co Ltd to HK$359. Toni Sacconaghi says BYD is growing faster than Tesla Inc. BYD stock is currently down about 20% versus its YTD high. BYD Co Ltd (BYDDF) down about 20% versus its year-to-date high is an opportunity to invest in a very high-quality […]
