Category Archive: Finance, No picture
Forex Today: Gold Breaks To New Record High; Bitcoin, US Stock Indices Near Records Too
Image Source: Unsplash Several risk assets are advancing, notably Gold which is advancing strongly to new record prices, while Bitcoin and US stocks also trade bullishly near all-time high prices. With less than 1 week to go before the close of polls in the US election which will see the states and voters choose a new […]
FX Daily: Sterling Can Dodge The Budget Bullet
Image Source: Unsplash Growth figures for 3Q are published in the US and Eurozone today. German CPI is also expected to have re-accelerated, but the impact on the euro may be limited. In the UK, Chancellor Reeves announces her long-debated budget. Sterling is pricing in no risk premium, suggesting downside risks, but our baseline is a […]
Reclaim Your Digital Life: The Next Phase Of Internet Evolution
Image Source: UpsplashA few years ago, I went to log in to my Facebook account for the first time in a few months.I was an early user of Facebook and joined shortly after they opened it up to the public in 2006. Over the years, it has become a way to stay connected with friends around […]
Can AMD Catch Up To Nvidia In The Race For AI Chip Dominance?
Image Source: Unsplash AMD raised its AI chip revenue forecast to $5 billion, but investors hoped for more. Console chip sales fell 69%, reflecting weaker demand. AMD shares dropped after the company’s revenue forecast missed estimates. Advanced Micro Devices Inc. (AMD) saw its shares tumble more than 7% in after-hours trading on Tuesday.The drop came as […]
Bitcoin ETFs record largest single-day inflow since June as Bitcoin touches $73K
Key Takeaways Investors flocked to US Bitcoin ETFs on Tuesday, pouring in a record $870 million. The surge coincided with Bitcoin’s 7% weekly gain, propelling the crypto above the $73,000 mark. Share this article US spot Bitcoin ETFs saw a massive $870 million net inflow on Tuesday, the largest single-day influx since June 4, according […]
Elliott Wave View: Apple Looking To End Wave 5
Image Source: UnsplashShort Term Elliott Wave View in Apple (AAPL) shows a 5 swing diagonal from 9.16.2024 low. Up from 9.16.2024 low, wave 1 ended at 233.09 and dips in wave 2 ended at 221.15. The stock resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 225.97 and dips in wave ((ii)) […]
Alphabet, Visa, Reddit Up On Strong Earnings Numbers
Image Source: UnsplashMarket indexes started off slowly this morning, but managed to climb into positive territory before noon. For the Nasdaq — which notched its first all-time closing high since July — and the S&P 500, they were able to stay in the green, while the Dow and small-cap Russell 2000 finished mildly in the red.The […]
This Bear Trap Could Be Easy Money
Image Source: Unsplash These charts look beautiful tonight! Emini made a V-Bottom, and Nasdaq made a BIG move higher today…Those (2) clues tell me this Bear Trap is likely where the easy money will be made tomorrow!That V-Bottom on the Emini tells us exactly where the best entries will be tomorrow…And that big move on the Nasdaq? C’mon… […]
Starbucks Warns Corporate Staff: Show Up In Office Or Get Fired
Image Source: StarbucksThe golden era of remote work seems to be ending. Starbucks (SBUX) is the latest mega-corporation to enforce a return-to-office mandate for white-collar workers.An internal message from the coffee chain obtained by Bloomberg and the Wall Street Journal states a new “standardized process” will be implemented at the start of the new year to hold employees accountable if they don’t comply […]
Why Israel’s Iran Strike And A Trump Win Are Bearish For Oil
Image Source: Unsplash David Woo accurately predicted that an Israeli strike on Iran was imminent exactly two weeks ago here on Wealthion. We’re privileged as James Connor welcomes David back to update us on the geopolitical and market implications of last Saturday’s events. Calling the strike a “stroke of genius,” Woo discusses its impact on Middle […]
