Category Archive: Finance, No picture
Carvana Breakout: Could This Bull Flag Propel It To $240?
Carvana (CVNA) has captured the attention of traders with its high volatility and potential for significant gains. Here’s a quick look at the technical setup that could drive Carvana’s next big move. High Beta Stock: Carvana’s stock has been highly volatile, skyrocketing from $25 to $174 in a short period, demonstrating its high beta status. […]
GBP/USD Hammered Down To Over Two-week Low, Below Mid-1.3100s On Bailey’s Dovish Remarks
The GBP/USD pair continues losing ground for the third straight day – also marking the fourth day of a negative move in the previous four – and plummets to over a two-week low during the first half of the European session on Thursday. Spot prices currently trade below mid-1.3100s, down nearly 1.0% for the day, […]
AUD/JPY Inches Lower To Near 100.50 Due To Risk Aversion Sentiment
AUD/JPY trims its intraday gains, holding some gains around 100.50 during the European hours on Thursday. The risk-sensitive Australian Dollar (AUD) depreciates as the rising geopolitical tensions have dampened the risk appetite and undermined the AUD/JPY cross.The Israeli Broadcasting Authority (IBA) reported that Israel’s security cabinet has resolved to take decisive action in response to […]
Elliott Wave Technical Analysis: Polkadot Crypto Price News For Thursday, Oct 3
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: Wave IV is likely to be completed and price is likely to drop at 2.406DOT/ U.S. dollar(DOTUSD)Trading Strategy: Five wave retracement of wave (C) which we are in the […]
Gold Price Remains Depressed Amid Stronger USD, Lacks Follow-through Ahead Of US Data
Image Source: Unsplash Gold price struggles to attract any meaningful buying amid sustained US Dollar strength. Reduced bets for a 50 bps Fed rate cut in November lifted the USD to a multi-week high. Geopolitical risks continue to act as a tailwind for the XAU/USD ahead of the US data. Gold price (XAU/USD) trades with a […]
Bitcoin holds steady at $61K as whales buy despite geopolitical tension
Key Takeaways Bitcoin remains stable above $61,100 with significant whale buying activity. XRP’s value drops over 10% amid SEC’s appeal against a regulatory ruling. Share this article Bitcoin (BTC) has managed to maintain its position above $61,100 despite ongoing geopolitical tensions, while Ethereum (ETH) experienced a 4% drop to $2,390. The crypto market continues to […]
Why Is Japan’s Nikkei 225 Rising Today?
Image Source: Unsplash Japan’s Nikkei 225 jumped 2.57%, driven by a weaker yen and policy signals. Hong Kong’s Hang Seng index fell 3.3% after a strong rally earlier this week. Regional markets also monitored global tensions and mixed economic data. Japan’s stock markets led most Asian indices higher on Thursday, as the country’s Nikkei 225 and […]
Earnings Growth Set To Accelerate Looking Ahead to Bank Earnings The Earnings Big Picture
Image Source: Unsplash Estimates for 2024 Q3 have come down since the start of the quarter on July 1st, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of other recent quarters. This negative shift in the revisions trend reverses the prior favorable development on this front in […]
Advanced Elliott Wave Strategies For S&P 500, Nasdaq 100, Russell 2000, DAX 40, FTSE 100 & ASX 200
Image Source: UnsplashStock Market Indices Overview: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical AnalysisElliott Wave Analysis Indices: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. SP500, I have my primary Elliott wave count that I have had for months… and now I have […]
Bank Of America Customers Report Widespread Outage, Zero Balances
Image Source: UnsplashBank of America (BAC) customers on Wednesday reported having problems accessing their bank accounts or that their account balances currently show $0.The outage started at around 12:30 p.m. E.T. on Wednesday, according to the tracking website Downdetector.About an hour later, more than 20,000 user complaints were submitted via the website.The Epoch Times’ Jack Phillips reports that numerous […]
