Category Archive: Finance, No picture
CSI 300 Drops 7%, Oil Steadies, And The US Dollar Remains Firm
We suspect the market overreacted to the US jobs data, which was tainted by the lowest “establishment” response in over two decades and seasonal adjustments were likely thrown off by Hurricane Helene and the 33k strike at Boeing. We think Fed officials, and more speak today, have confirmed that it was not the game changer […]
Climbing Limo GDP Forecast For 2024-Q3
The climbing limo method of forecasting future GDP in the United States projects the nation’s economic output in the third quarter of 2024 will be within a few percent points of $29.6 trillion.The U.S. Bureau of Economic analysis released a pretty extensive set of revisions for its GDP data going back to January 2019, which changed the […]
Alphabet Stock Dips In Premarket Amid Antitrust Breakup Threat
The U.S. Justice Department is reportedly considering breaking up Google to address antitrust concerns.The U.S. Justice Department is considering recommending that Google-owner Alphabet (NASDAQ: GOOG) be forced to sell off parts of its operations in what has been called a “landmark antitrust case.” This move is a potential remedy to address the tech giant’s alleged monopolization of […]
The Commodities Feed: China Demand Concerns Weigh On Commodity Complex
The oil market traded under pressure yesterday amid demand concerns from China and a bearish inventory report from the American Petroleum Institute (API).Oil prices have stabilized as focus shifts to supply risks in the US due to Hurricane Milton. Pictured: people evacuate North-West Florida Energy – Jump in US oil inventoryICE Brent slumped yesterday to settle […]
AUD/USD Flirts With 50-Day SMA, Seems Vulnerable Near Multi-Week Low Ahead Of FOMC Minutes US Dollar PRICE Today
The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6760 area and drifts into negative territory for the fifth straight day on Wednesday. Spot prices drop to the 0.6725-0.6720 region during the first half of the European session, closer to over a three-week low touched on Tuesday, with bears flirting with the 50-day Simple […]
Is A Bullish Flag Forming Or Are We Facing A Bearish Breakdown?
Current Market Overview The market is still holding up gains, with some bullish signals visible. Potential risk: Increasing supply at the top, which could disrupt upward momentum. Overall, the sign of strength is evident, with a pullback that has formed a bull flag. Bearish Attacks and Supply Concerns Recent bearish activity shows a localized increase […]
GOLD Trading Strategy, XAUUSD Analysis & XAUUSD Forecast – Wednesday, October 9
Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:34 More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast – […]
Who is Peter Todd, and why does HBO think he is Satoshi?
Key Takeaways HBO’s documentary explores Peter Todd as a potential Satoshi Nakamoto. Crypto members defend Todd against HBO’s speculative claims. Share this article HBO’s highly anticipated documentary, “Money Electric: The Bitcoin Mystery,” ended up pointing to Peter Todd as a potential candidate for the identity of Satoshi Nakamoto, the mysterious creator of Bitcoin. Who is […]
Index Path Update
Image Source: PexelsA couple of days ago, I did The Path to Total Surrender post, which nervously pointed out the price action that would, once and for all, zap any morsels of bearish hope for the foreseeable future. So far, those levels haven’t been breached, and on Tuesday we experienced the biggest drop in Chinese stocks in 16 years. Al the same, the risks are still very […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Oct 9
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is complete and the price […]
