Category Archive: Finance, No picture
USD/CHF Consolidates Ahead Of US PMI Data, Remains Below 0.8850
Image Source: Unsplash USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near 0.8840 […]
Asia Morning Bites For Friday, November 24
Image Source: UnsplashGlobal macro and markets Global markets: With the US out on holiday yesterday, global markets aren’t very exciting today. European government bond yields pushed higher by about 6-7bp at the 10Y part of the curve. 2Y European government bond yields rose about 2-4bp. The USD was a little softer yesterday, and EURUSD drifted up to […]
Elliott Wave Technical Analysis: THETAUSD – Friday. November 24
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 24 November 23,Theta Token / U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave (2)Direction Next higher Degrees: wave ((2)) of ImpulseWave Cancel invalid Level:Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))Theta Token / U.S. dollar(THETAUSD)Trading Strategy: The rise in wave […]
2024 Alibaba’s New Strategy: Thoughts Of A Chinese Stock Analyst
Image Source: UnsplashJack Ma, the Alibaba (BABA) founder, disclosed in a financial report that they are reversing two decisions. They initially planned to spin off two sub-businesses for an IPO, but now they’re pulling the plug on that. There will be no food spin-off for Alibaba Cloud, and they are reassessing the initial public offering for […]
Could Meta Platforms Benefit From Recent OpenAI Episode?
Image Source: Pixabay A “Threads” user says Meta could take advantage of OpenAI shakeup. Meta’s AI chief commented “yup” on his post on Twitter-like platform. Meta stock is already up a whopping 175% versus the start of 2023. A “Threads” user says Meta Platforms Inc (META) could significantly benefit from the recent OpenAI episode. Shares of […]
AUD/USD Consolidates Its Gains Around 0.6560 Ahead Of The US PMI Data
Image Source: Unsplash AUD/USD remains confined in a narrow trading range of 0.6550–0.6570 on Friday. The Australian Judo Bank PMI report indicated an economic slowdown in Australian economic activity in November. All eyes are on the US S&P Global PMI data on Friday. The AUD/USD pair consolidates its gains between 0.6550 and 0.6570 during the early […]
Economic Modern Family-Home For The Holidays
Image Source: UnsplashIn the 1995 film, Home for the Holidays, family reunions are explored.Using both drama and comedy, the film illustrates how we outsiders looking in never really know the love and the madness that goes on inside family’s homes during Thanksgiving.Happily, our Economic Modern Family tends to be transparent.Beginning with our patriarch and matriarch, we see […]
Central Bank Banking Basics
As the name suggests, central banks are at the centre of the banking system. The objective of a well-run banking system is that you do not have to worry about how it works. So long as everything under the hood is operating, you do not need to enquire how the money gets from one account […]
What Will Americans Buy On Black Friday?
Image Source: Unsplash Black Friday falls on the fourth Friday of November each year, with Cyber Monday following just three days later.The two shopping days are some of the busiest of the year in the United States, with an estimated $19.6 billion raked in over the 2021 Thanksgiving weekend in e-commerce revenue alone.U.S. shoppers keen to make the most of discounted prices were […]
Old Money Secrets The Rich Use To Build Generational Wealth
Image Source: Unsplash Discover the little-known old money secrets the rich use to build generational wealth quickly – even if you don’t come from money.Video Length: 00:05:10More By This Author:How To Invest Your Salary: Even If There’s Fear Of A Recession?Top 5 Dividend Stocks In My $4 Million Portfolio (With Growth Potential In 2024) 3 Dividend […]
