Category Archive: Finance, No picture
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 […]
Ripple may file a cross-appeal to challenge SEC’s legal move
Key Takeaways Ripple faces a $125 million fine, significantly less than the SEC’s initial $2 billion claim. Ripple may challenge the classification of XRP sales or the fine amount in a potential cross-appeal. Share this article Ripple is considering filing a cross-appeal in response to the SEC’s appeal against the court’s judgment on August 7, […]
Stocks Finish Flat As The Bears Take The Day Off
Image Source: PexelsStocks finished little changed on Wednesday, ahead of ISM services data tomorrow and, of course, the employment report on Friday. The VIX—1Day closed today around 14, and given the importance of the job report on Friday, I would be shocked if it doesn’t climb to 20 or higher tomorrow.Whether the market sells off tomorrow […]
GDPNow Nowcast Dips On Weak ISM And Construction Spending
Image Source: PexelsThe GDPNow nowcast fell 0.6 percentage points to 2.5 percent on weaker than expected economic reports.GDPNow data from the Atlanta Fed, chart by MishThe Atlanta Fed updated its GDPNow Nowcast on October 1. Here is a recxap. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is […]
