Category Archive: Finance, No picture
AUD/USD Surges Above 0.6600 As RBA Maintains Hawkish Interest Rate Guidance
The AUD/USD pair revisits more than a week high of 0.6620 in European trading hours on Tuesday. The Aussie pair gains as the Australian Dollar (AUD) strengthens after the Reserve Bank of Australia (RBA) delivers a hawkish interest rate guidance, while leaving its Official Cash Rate (OCR) unchanged at 4.35%, which was widely anticipated.RBA Governor […]
FX Daily: Markets Preparing For High Volatility
Image Source: Unsplash Within 24 hours we may or may not know the identity of the 47th president of the United States. FX options markets have priced in a respectful level of exceptionally high volatility over the coming week. Results should start to come in around 03/0400 CET tomorrow morning. Only a Red Sweep outcome can probably add […]
Bitcoin ETFs bleed $541 million, second-largest single-day outflow since launch
Key Takeaways US spot Bitcoin ETFs saw one of their largest single-day outflows on November 4. Bitcoin’s price fell below $70,000 coinciding with massive ETF outflows. Share this article US spot Bitcoin ETFs suffered their second-largest single-day outflow since launch, with investors withdrawing $541 million on November 4, according to data from Farside Investors.The selloff […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 4
Image Source: UnsplashIt was a volatile day in the NQ and ES with more of the control being found in the options flows within the SPY and QQQ. In any case, the indexes did continue lower as I was expecting but found much more volatility along the way which created sudden large moves, which can be […]
This Election Reversal Could Be A Huge Payday
Image Source: Unsplash Election Day tomorrow – let’s do this! Markets are range-bound going into Election Day, telling me to look for Breakouts and Reversals tomorrow morning…Breakouts might be tough until we see results tomorrow evening, so keep these Reversal trades on your radar! E-Mini S&P (ES): Emini is bearish, but sellers just completed […]
Asia Morning Bites For Tuesday, Nov 5
Image Source: Unsplash Global Macro and Markets Global Markets: The Trump trade began to unwind yesterday on reports that Kamala Harris was leading in Iowa, a state which neither party have made a battleground, and which could be a bellwether for nearby swing states. 2Y Treasury yields fell 4.6 basis points, and 10Y yields were down 9.9bp […]
What Happens Next For The Market Is In Nvidia’s Hands
Image Source: UnsplashStocks finished the day lower, one day ahead of the 2024 Presidential election. The move wasn’t much to get excited about, with the S&P 500 down just 25 bps. The chart suggests we’re merely consolidating over the past 2 days, with another leg less likely to come.The break of the rising wedge looks quite […]
Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before U.S. Election
Image Source: Unsplash As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year. While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the […]
Palantir Technologies Inc. Tops Q3 Earnings And Revenue Estimates
Image Source: Unsplash Palantir Technologies Inc. (PLTR – Free Report) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it […]
Robinhood and Kraken launch new global stablecoin network with Paxos’s USDG
Key Takeaways The Global Dollar Network promotes stablecoin adoption using Paxos’s USDG. Robinhood, Kraken, and other major players collaborate on cross-border stablecoin solutions. Share this article Leading fintech and digital asset firms have launched the Global Dollar Network, an open network focused on promoting stablecoin adoption and advancing its real-world applications, according to a press […]
