Category Archive: Finance, No picture
Dogecoin Descending Triangle Could Hint At Next Destination For DOGE
An analyst has pointed out how this price level could end up being the next destination of Dogecoin based on a Descending Triangle pattern. Dogecoin Is Moving Inside A Descending Triangle Right NowIn a new post on X, analyst Ali Martinez has talked about a pattern that has recently been forming in the price of Dogecoin. The pattern […]
Chinese official gets life sentence for selling state secrets to pay crypto debts
Key Takeaways A former civil servant in a confidential unit has received life sentence for espionage linked to crypto debts. Wang exchanged confidential information for over 1 million yuan in crypto transactions. Share this article A Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to cover crypto […]
TRON DAO unveils TRON-peg USD Coin: A new gateway to borderless transactions
Share this article Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across […]
USD/JPY Extends Correction To Near 152.00 On Japan’s Intervention Alert
The USD/JPY pair falls further to near 152.00 in European trading hours on Friday. The asset weakens despite some recovery in the US Dollar (USD), suggesting a sheer strength in the Japanese Yen (JPY). The Yen gains after Finance Minister Katsunobu Kato alerted that the administration would take “appropriate action” to address excessive foreign exchange fluctuations.“Will closely monitor the […]
Everything According To Plan
There were no major surprises, at least from our side from Thursday’s central bank event risk. We warned the BOE could deliver a hawkish cut, and we expected the Fed to cut rates 25 basis points and leave the door open for another cut in December.Video Length: 00:00:58 More By This Author:US Election In The Spotlight […]
Unaffordable Housing And Homeless Encampments: How Did It Get This Bad?
Image Source: Unsplash The post-election hope that festering problems can now be solved doesn’t seem to extend to unaffordable housing and homeless encampments, two blights on the socio-economic landscape. Perhaps this reflects a sense that these blights aren’t readily fixable, or an unsure grasp of the causes of these blights.Let’s focus on the primary cause that led […]
FX Daily: Central Banks Turn A Blind Eye To Political Events
Image Source: Unsplash If anyone was expecting the US election result and UK budget to significantly impact the Fed and BoE policy message, they were let down by two consensus 25bp cuts and rather balanced guidance. In FX, we have seen an unwinding of post-election USD longs, but that looks more like a positioning adjustment rather […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar Forex
Image Source: UnsplashAustralian Dollar/U.S. Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Navy Blue Wave 2 POSITION: Gray Wave 1 DIRECTION NEXT LOWER DEGREES: Navy Blue Wave 3 DETAILS: Navy Blue Wave 1 appears complete, with Navy Blue Wave 2 now unfolding.Wave Cancel Invalid Level: 0.69426The AUDUSD Day Chart Elliott Wave analysis illustrates a counter-trend phase […]
Blackrock’s Bitcoin ETF draws record $1.1 billion single-day inflow
Key Takeaways BlackRock’s Bitcoin ETF saw a record single-day inflow of $1.1 billion. Total inflows for US spot Bitcoin ETFs reached $1.37 billion during the session. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) recorded $1.1 billion in inflows during a single trading session, marking the largest one-day inflow among US spot Bitcoin ETFs. The […]
This Perfect Pullback Could Be Easy Money On Friday
Image Source: Unsplash One day left, let’s make it count! Everyone’s waiting for a pullback after this 2-day bull run…And this *perfect* pullback pattern might be our easiest winner of the week!Pullbacks sound so easy, don’t they? But we all know, picking the perfect entry is much harder…Not to worry – this *perfect* pullback pattern makes the […]
