Category Archive: Cryptocurrency, No picture
Polymarket predicts an 88% chance of Trump picking pro-Bitcoin Scott Bessent for Treasury secretary
Key Takeaways Polymarket predicts an 88% chance of Scott Bessent becoming Treasury secretary under Trump. Bessent’s appointment signals a potential shift towards a pro-crypto US policy. Share this article Scott Bessent, a strong advocate for crypto, particularly Bitcoin, has an 88% probability of becoming the next Treasury secretary under a second Trump administration, according to […]
Shopify Inc. Reports 26% Y/Y Revenue Growth In Q3, Beating Expectations
Image Source: Unsplash Shopify Inc. (NYSE, TSX: SHOP) has reported impressive results for the third quarter ending September 30, 2024. The company experienced a robust 26% year-over-year revenue growth, reaching $2.162 billion, up from $1.714 billion in the same period last year. This growth marks Shopify’s sixth consecutive quarter of achieving over 25% revenue growth, excluding logistics. Gross […]
Teen Jobs Resume Falling
Teen employment resumed falling in October 2024, marking a fast end to the rebound indicated in the previous month’s jobs numbers.The total seasonally-adjusted count of employed Americans Age 16-19 dropped to an initial estimate of 5,441,000. That decline occurred despite the number of Age 18-19 year olds increasing by 30,000 to 3,428,900, which means all of the […]
Swing Trading Holiday Seasonal Patterns
Image Source: Unsplash The holiday season presents unique opportunities for swing traders who understand the market’s behavior during these low volume periods. Thanksgiving and the Christmas/New Year period in particular exhibit some of the most reliable trading patterns of the year, offering swing traders distinct advantages when properly understood. Thanksgiving Week Trading PatternsThanksgiving week has historically […]
Daily Market Outlook – Tuesday, Nov. 12
Image Source: Unsplash Asian stocks declined while the dollar remained at four-month highs on Tuesday, but the focus was on bitcoin, which reached a record high driven by investor bets on assets expected to benefit from Donald Trump’s election win. Investors anticipate Trump’s second term will bring tax cuts and looser regulations, boosting the world’s largest […]
Bitcoin Hits An All-Time High Above $88,000
Image Source: Unsplash At the end of Monday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) gained 0.10%. The Nasdaq Technology Index (US100) was down 0.05%. Stocks traded mixed on Monday, with the S&P 500 and Dow Jones Industrials setting new all-time highs. The broad market continued last week’s post-election gains […]
FX Daily: Options Market Suggests Active Engagement In Dollar Rally
Image Source: Unsplash As the dust settles after last week’s US election results, global markets are settling into core trades of a firmer dollar, higher US equities and higher terminal rate from the Fed. Importantly in the FX market, traded volatility is picking up, suggesting active engagement in this dollar rally. It’s a quiet day for […]
Gold In Store For More Losses As Firm Dollar, Trump 2.0 Spook Market
Image Source: Unsplash Gold prices remained in bear territory as a stronger dollar limits demand among overseas buyers. Investors are likely to wait for cues on inflations from the release of the US CPI data. Silver and palladium futures also fall on Tuesday as a stronger dollar and Trump policies weigh on market. Gold prices […]
Mt. Gox moves 2,500 Bitcoin as price approaches $89,000
Key Takeaways Mt. Gox transferred 2,500 Bitcoin worth about $222 million as Bitcoin neared $89,000. The exchange holds around 44,378 BTC valued at approximately $3 billion. Share this article A Mt. Gox-labeled wallet just transferred 2,500 Bitcoin, worth around $222 million, to an unidentified address starting with “1PQZw2” in the last 30 minutes, according to […]
Biotech Stocks Are Rallying: What Is Your Playbook?
Image Source: UnsplashPlaybook for the Biotech Bull Run Pick a basket of Large Cap biopharma stocks: ABBV, LLY, MRK, PFE, VRTX. (see updates on ABBV and BMY). Buy a biotech fund (FBIOX) and the XBI. Trade SMID biotech stocks with the XBI. More difficult and with increasing volatility. If you have been reading our posts you know […]
