Category Archive: Finance, No picture
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 […]
Stocks Rally Thanks To Surging Nvidia Options Volume
Image Source: UnsplashStocks ended the day higher, recovering all of yesterday’s losses and closing up by about 1%. Nvidia (NVDA) played a key role in driving the rally, climbing more than 4%. Over 3 million Nvidia call options were traded, well above the 20-day average of 2.3 million contracts.(BLOOMBERG)I point this out because, despite the surge […]
Market Briefing For Wednesday, Oct 9
Image Source: PexelsTurbulence persists – with markets generally ignoring an historic catastrophe coming starting ‘tonight’ due not to outer bands as such; but the preceding big tropical storm, which a week ago was the ‘2nd feature’ in the Caribbean. Now they almost combine; and while ‘Milton’ isn’t ‘formally’ hitting until late Wed., it sort of lulled complacency […]
WTI Holds Below $73.50 As Middle East Tensions Ease
Image Source: Unsplash WTI attracts some sellers near $73.35 in Wednesday’s early Asian session. The possible Hezbollah-Israel ceasefire, ongoing concerns about China’s demand could undermine the WTI price. The rising Middle East geopolitical risks might cap the upside for WTI. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.35 on Wednesday. The WTI price edges […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 8
Image Source: PexelsThe Elliott Wave pattern as left on Monday, did not follow through as I had expected. Fortunately, before the opening I recognized what was going on and made the labeling changes. That then is what is reflected on Tuesday’s Update. Both the NQ and the ES remain in the process of putting in a […]
Peter Todd revealed as Satoshi Nakamoto in HBO’s documentary
Key Takeaways HBO’s documentary names Peter Todd as a potential Satoshi Nakamoto. Peter Todd denies claims of being Bitcoin’s creator in a recent interview. Share this article The HBO documentary Money Electric: The Bitcoin Mystery has identified Peter Todd, a notable cryptographer and influential Bitcoin developer, as the elusive creator of Bitcoin, Satoshi Nakamoto. The documentary […]
China Fizzles As The U.S. Sizzles
Image Source: UnsplashMARKETSDespite the fizzled response to China’s post-Golden Week return, Wall Street sizzled back into action on Tuesday, fueling a solid rally with investors breathing a sigh of relief. The Fed’s recent signal that inflation is cooling enough to keep the rate-cut path intact boosted market confidence. With the U.S. jobs engine holding steady, traders […]
Discord access restricted in Turkey after Russian ban
Key Takeaways Turkey’s ban on Discord was influenced by similar actions in Russia and concerns over child safety. The ban could negatively affect the operational efficiency of crypto projects relying on Discord. Share this article Turkey has banned Discord, mere hours after Russia’s communications watchdog, Roskomnadzor, blocked the messaging platform due to non-compliance with content […]
No Recession In 2022H1: Edition MMMXXVII
Image Source: PexelsReader Steven Kopits writes: Two down quarters in 2021. Typical definition of a recession. I don’t believe I have declared a recession since. No negative quarters in 2021. I think Mr. Kopits meant 2022. No two consecutive quarters of growth in 2022 (which was Mr. Kopits’ assertion, as late as January 2023, after repeated declarations).Here the data, […]
Conor Sen On Fed Policy
Image Source: PexelsMatt Yglesias recently directed me to this tweet:Conor Sen may well be correct about the need for further rate cuts. But I worry about a Fed policy that focuses more on the unemployment rate than the GDP growth rate. (Sen may have been referring to real GDP growth, but I’ll focus on NGDP growth, which […]
