Category Archive: Finance, No picture
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Tuesday, Oct. 22
Image Source: Unsplash AUDUSD Elliott Wave Analysis – Trading LoungeAustralian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis Function: Bearish Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 1 Next Higher Degree: Navy blue wave 2 Details:The Elliott Wave analysis for AUDUSD on the daily chart reveals a strong bearish trend in an impulsive mode. The market is currently […]
Buenos Aires launches QuarkID digital identity system for its 3.6 million citizens
Key Takeaways QuarkID uses zero-knowledge cryptography to enhance privacy and security for Buenos Aires residents. The digital identity system is integrated with Buenos Aires’ MiBa platform for secure document management. Share this article Buenos Aires, the capital of Argentina, has officially introduced a blockchain-based digital identity system called QuarkID, offering advanced data privacy for its […]
Solana TVL reaches new peak since early 2022
Key Takeaways Solana’s TVL has reached its highest point since January 2022. Solana’s 24-hour DEX volume has exceeded $2 billion. Share this article Solana’s total value locked (TVL) has surged to $6.4 billion, marking its highest level since January 6, 2022, according to data from DeFiLlama.In terms of daily decentralized exchange (DEX) volume, the blockchain […]
Messari reports TRON’s protocol revenue reached an all-time high in Q3 2024
Share this article Geneva, Switzerland, October 22, 2024 – Messari, a leading provider of digital asset market intelligence products, released a research report highlighting TRON’s Q3 performance. The report details seven consecutive quarters of increasing on-chain activity, driving its protocol revenue to an all-time high, fueled by increased transaction volumes and a rapidly growing user […]
Verizon’s Third Quarter Revenue Falls Short As Device Upgrades Slow
Image Source: Unsplash Verizon Communications (NYSE: VZ) reported mixed third-quarter results Tuesday, with revenue missing analyst expectations due to declining wireless equipment sales, despite showing growth in its mobility customer base. The telecommunications giant’s stock fell nearly 4% in pre-market trading as investors digested the impact of a $1.7 billion severance charge that weighed on quarterly profits. Verizon Fails to […]
US Dollar Supported While Markets Cool Down Fed’s Rate Cut Expectations
Image Source: Pexels The US Dollar tightens range after a grind higher to a fresh 11-week high. US equities retrace further from all-time highs as the Fed might not cut that much as first anticipated. The US Dollar index trades in a tight range on Tuesday after failing to break above 104.00. The US Dollar (USD) […]
EUR/USD Undermined As Dollar Gains Further Ground Ahead Of US Election
Image Source: Unsplash The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen across the board. With today’s macroeconomic calendar being relatively quiet again, the focus will remain on the […]
AUD/USD Bounces Back From 0.6650 On Firm RBA Hawkish Bets
The AUD/USD pair rebounds strongly from the key support of 0.6650 in Tuesday’s European session. The Aussie pair discovers strong buying interest on expectations that the Reserve Bank of Australia (RBA) will continue with a restrictive monetary policy stance for the remainder of the year.On Monday, RBA Deputy Governor Andrew Hauser cited the strong employment data as a […]
McDonald’s Seasonal Strength Faces 2025’s Economic Headwinds
Image Source: Unsplash McDonald’s, known for its resilience through economic cycles, faces a challenging outlook for 2025, according to its CEO, Chris Kempczinski. With consumer wallets likely to remain stretched, particularly among lower-income customers, the company is focusing on strengthening its value proposition to maintain its market position. This includes offering more affordable meal deals, emphasizing […]
Bitcoin Signal That Led To At Least 70% Surge Has Formed Again
On-chain data shows a Bitcoin signal that has led to at least a 70% rally the last four times has recently formed for the asset once again. Bitcoin MVRV Momentum Has Seen A Bullish Crossover RecentlyIn a new post on X, analyst Ali Martinez has discussed the recent trend in the Bitcoin Market Value to Realized Value (MVRV) […]
