Two Trades To Watch: DAX, USD/JPY Forecast – Monday, Jan. 27
Jan 27, 2025
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash DAX falls as China’s AI development unnerves the marketThe DAX, along with its European peers, is sliding on Monday as the tech sector falls following China’s DeepSeek unveiling a cheaper, more efficient AI breakthrough.A low-power AI model from Chinese startup Deep Seek has sparked worries over profits and the need for costly chips.DeepSeek […]
MicroStrategy accumulates additional 10,107 Bitcoin at over $105K per coin
Jan 27, 2025
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways MicroStrategy acquired 10,107 Bitcoin for $1.1 billion, averaging $105,596 per coin. The firm’s Bitcoin holdings total 471,107 BTC worth over $46 billion at current prices. Share this article MicroStrategy announced Monday it had acquired 10,107 Bitcoin for $1.1 billion at an average price of $105,596 per coin between January 21 and 26, marking […]
DeepSeek Sends US Stocks Sharply Lower, Dragging Rates Down, While Resolution Of Tiff With Colombia Weighs On The Dollar
Jan 27, 2025
Jeremy Parkinson
Finance, No picture
There have been two significant developments that are rocking US equities and sending US yields sharply lower. First, Chinese-made AI has taken the world by storm. Apparently, DeepSeek is cheaper to build, consumes less energy, and is faster than the other AIs. There seems to be innovations outside of replication. The second is a brouhaha […]
Daily Market Outlook – Monday, Jan. 27
Jan 27, 2025
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash On Monday, there was a decline in Nasdaq futures and a decrease in technology stocks in Japan, as investor confidence wavered following the introduction of a cost-effective Chinese artificial intelligence model, DeepSeek. This development sparked concerns about the profitability of AI and the industry’s heavy reliance on advanced chips. Nasdaq 100 futures experienced […]
Pound Sterling Rises As Investors Digest UK Stagflation Risks
Jan 27, 2025
Jeremy Parkinson
Finance, No picture
The Pound Sterling (GBP) gains against its major peers at the start of the week. The British currency rises even though investors are worried about the growing risks of stagflation in the United Kingdom (UK) economy. Friday’s S&P Global UK Purchasing Managers Index (PMI) report for January showed that employment levels dropped for the fourth straight month […]
FX Daily: Washington Flexes The Tariff Muscle
Jan 27, 2025
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash The dollar has so far retraced about a quarter of its 10% run-up from late September. That has largely been a function of investors reducing the tariff risk premium embedded into the currencies of key trading partners. The threat of tariffs against Mexico and Canada this coming weekend may prevent more of a […]
Russian power grid titan eyes Bitcoin mining ventures
Jan 26, 2025
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Rosseti Group is exploring cryptocurrency mining opportunities at underutilized power centers. The company aims to coordinate mining infrastructure deployment and increase revenue and tax payments. Share this article Rosseti, Russia’s largest power grid operator, is exploring crypto mining operations at its underutilized power centers and aims to become a coordinator for mining infrastructure […]
Trading Strategy For US Tech Stocks – Technical Analysis
Jan 26, 2025
Jeremy Parkinson
Finance, No picture
Summary: Most stocks are currently in the later stages of their Impulse Wave iv) within Wave 1. Key earnings reports are expected this week for major tech stocks. Our strategy focuses on waiting for the top, followed by a corrective abc phase downward. After the initial impulse wave, we’ll seek a long trade setup for […]
“U.S. Exceptionalism” Faces Its Sternest Test Of The Year
Jan 26, 2025
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashThis pivotal week kicks off in Asia, setting the stage for a global market spectacle intensely focused on the unfolding of U.S. President Donald Trump’s economic agenda amidst key inflation reports and anticipated Fed guidance . As “U.S. exceptionalism” faces its sternest test of the year, the equity markets brace for a torrent of […]
WMA: Bitcoin Hits New ATH, But Altcoins Dip In Historic Week For Crypto
Jan 26, 2025
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash This Week’s Summary The crypto market ends the week at a total market capitalization of $3.6 trillion. Bitcoin continues to trade at around $105,000 after dropping from a new $109k ATH. Ethereum is down by 1% to trade at around $3,300. XRP is down by 25%, Solana by 6%, and Dogecoin by 9%. […]