Category Archive: Cryptocurrency, No picture
Bitcoin volatile as August CPI report looms
Key Takeaways Bitcoin’s price increased by 2% before stabilizing ahead of the CPI data release. Market anticipates a rate cut at the FOMC meeting, influenced by CPI outcomes. Share this article The price of Bitcoin surged around 2% to $57,900 on Tuesday but the rally hit a pause ahead of August Consumer Price Index (CPI) […]
Our Computer Chips-Related Portfolio Was -12% Week-Ending Sept. 6th
There are 6 segments involved in the design, material supply, fabrication, testing, packaging, and distribution of semiconductor devices such as microprocessors, memory chips, and sensors involving multiple companies, each with their own specialized contributions.Our Computer Chips PortfolioThe 27 pure-play stocks involved in the 6 segments are presented below, in descending order, for the w/e September […]
GOLD Targeting Next Resistance, XAUUSD Analysis & XAUUSD Forecast – Wednesday, September 11
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: 00:03:06More By This Author:Gold Has Stuck. Waiting For Breakout, Gold Analysis […]
GBP/JPY Falls To Near 185.00 Following The Remarks From BoJ’s Nagakawa, UK Economic Data
GBP/JPY extends its downside for the second successive day, trading around 185.00 during the European session on Wednesday. The Japanese Yen (JPY) gains ground following the remarks from Bank of Japan (BoJ) board member Junko Nagakawa.BoJ board member Nagakawa stated that the central bank may adjust the extent of its monetary easing if the economy […]
USD/CAD Slides Below 1.3600 Amid Rebounding Oil Prices, Weaker USD Ahead Of US CPI
The USD/CAD pair struggles to capitalize on the overnight breakout momentum through the very important 200-day Simple Moving Average (SMA) and retreats from a nearly three-week top, around the 1.3615 area touched earlier this Wednesday. Spot prices extend the steady intraday descent through the first half of the European session and drop to the 1.3590-1.3585 […]
ENS token surges after PayPal, Venmo adopt Ethereum Name Service
Key Takeaways Ethereum Name Service’s token value increased by 7.5% following PayPal and Venmo’s adoption. Venmo and PayPal users in the US can now send crypto using readable ENS names instead of long, complex wallet addresses. Share this article ENS, the governance token of the Ethereum Name Service project, surged 7.5% to $17.8 after PayPal […]
Elliott Wave Technical Analysis : Bitcoin Crypto Price News For Wednesday, Sept 11
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 […]
US Bitcoin ETFs hit $117M in daily inflows, Ether ETFs back in green
Key Takeaways Spot Bitcoin ETFs collectively captured $117 million in net inflows on Tuesday. BlackRock’s iShares Bitcoin Trust sees stagnation, no new capital since late August. Share this article Roughly $117 million was pumped into US spot Bitcoin exchange-traded funds (ETFs) in Tuesday trading, while the group of nine spot Ethereum ETFs was back in […]
Oil Facing Physical Shortage Crisis: API Crude Draws 9 Of Past 10 Weeks As Cushing Hits Tank Bottoms
Image Source: UnsplashIt was very much a given that ahead of tonight’s debate between Donald Trump and Kamala Harris, the one variable that the state does control – the price of oil – will move in the direction that gives its preferred candidate the biggest benefit, and sure enough oil plunged more than 3%, dropping to […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 10
Image Source: UnsplashFirst – sorry for the delay in getting today’s update posted. Second, I discuss the current markets having for the last 5 days produced a high-volume rallies off the opening followed by rejection declines producing bearish engulfing candles. Today’s late rallies have put both the NQ and ES within “spitting distance” of moving above […]
