Category Archive: Finance, No picture
Bitcoin ‘Supply’ Tightens As ‘Tsunami’ Of Institutional-Demand Looms
Image Source: Unsplash Enthusiasm towards spot ETF approvals (and what that means for wider adoption) has prompted a resurgence in demand for cryptocurrencies with Bitcoin and Ethereum soaring this week.Bitcoin has erased all the losses from the Terra stablecoin crisis… Source: BloombergAnd Ethereum is back above $2,000, outperforming bitcoin this week… Source: Bloomberg…after the ETH/BTC cross found […]
Curaleaf Q3 Financials Report 24% Increase In Net Loss
Image Source: Unsplash Curaleaf Holdings, Inc. (CURLF) reported its financial and operating results for the third quarter ended September 30, 2023, yesterday. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q3 Financial Highlights Total Revenue: DOWN 0.7% to $333.2M Retail: DOWN 0.8% to $273.2M Wholesale: UP 0.2% to […]
Nikola Stock Forecast After The Plug Power Warning On Hydrogen
Image Source: Unsplash Nikola (Nasdaq: NKLA) stock price continued its freefall this week as investors reflected on the company’s earnings and the recent strategy change. It has crashed back to $1 per share, over 74% from the highest point in August this year. This plunge has brought the company’s market cap to $995 million. Hydrogen concerns […]
Gold Clings To Its War Premiums
Image Source: Unsplash Despite material struggles across other areas of the commodities market, the yellow metal remains relatively elevated. Growth vs. InflationWith our GDXJ ETF short position continuing to produce profits, miners’ weakness alongside gold’s strength highlights how bears and bulls can make money in this market.However, with the yellow metal poised to follow the junior miners lower […]
The Road To Prosperity Is Paved With Credit Cards?
Image Source: Unsplash Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what’s driving them – borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap, I break down the recent household debt data […]
Elliott Wave Technical Analysis: Berkshire Hathaway Inc.
Image Source: Unsplash Berkshire Hathaway Inc., Elliott Wave Technical AnalysisBerkshire Hathaway Inc., (NYSE: BRK-B): 4h Chart 10 November 2023BRK-B Stock Market Analysis: We have been anticipated a potential diagonal in wave 1 and we successfully retraced into what seems to be wave {a} of 2. There is a bullish scenario where instead of 1 we had […]
Is Now The Time For Nvidia?
Image Source: Unsplash Nvidia is reportedly planning to reveal three new chips for China according to the Star Market Daily. According to the reports, the announcement could come as soon as November 16, and Nvidia shares are up in premarket trading in anticipation of the event.Nvidia is a stock that has benefited greatly from all the […]
Elliott Wave Technical Analysis Day Chart: Euro/U.S. Dollar – Friday, Nov. 10
Image Source: Unsplash EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 10 November 2023Euro/U.S.Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective Structure: Z of XPosition: wave 2/BDirection Next lower Degrees: Red wave Y(started)Details: black wave Z of red wave X looking completed at 1.07563. Now looking for red wave Y of 2/B. Wave Cancel invalid level: 1.07563The “EURUSD […]
Who Changed: Powell Or The Market?
Photo by Etienne Martin on UnsplashA poor reception to the 30-year Treasury sale and Federal Reserve Powell pledged to raise rates again, if necessary, not exactly a new ground, but it spooked the doves–driving rates sharply higher and fueling a strong dollar recovery. There was a large five basis point tail on the bond sale. The […]
Two Trades To Watch: GBP/USD, USD/JPY Forecast
Image Source: Unsplash GBP/USD struggles as GDP stalls UK Q3 GDP 0%, down from 0.2% in Q2 USD has been lifted this week by hawkish Fed comments GBP/USD tests 20 sma The pound is holding steady after four days of losses after slightly better-than-expected UK GDP data.UK GDP stalled in the third quarter at 0% percent […]
