Category Archive: Finance, No picture
Elliott Wave Live: Dollar Index At Support Ahead Of US CPI Week
Good day, everyone!I hope you had a wonderful weekend. My family and I spent time decorating for Christmas and even went ice skating, so it was a lovely weekend. I hope you also had a chance to relax and are ready for some market action in the coming days.This week brings plenty of important events, […]
Canadian Dollar Hits Lowest Level Since April 2020
Image Source: Unsplash The Dollar is running it back on this Tuesday. The Buck is getting a bit more of a boost into the North American open after NFIB small business optimism spiked in November, coming in well above expectation.Video Length: 00:01:16More By This Author:RBA Holds But More Dovish Than Expected US Dollar Bid Returns After […]
Ahead Of November CPI, TSM’s Revenue And Oracle’s AI Surge
Photo by Maxence Pira on Unsplash Equity futures point to a mixed market open later this morning, but odds are we’ll see a subdued trading session as investors wait for what’s revealed in tomorrow’s November Consumer Price Index (CPI) report. Headline CPI is expected to tick up to 2.7% YoY from October’s 2.6% print, while the consensus view […]
AUD/USD Plummets Below 0.6400 As RBA Bullock Delivers Less-Hawkish Guidance
Image Source: Unsplash AUD/USD falls sharply below 0.6400 as the RBA delivers a less-hawkish interest rate guidance. RBA Bullock was confident about easing upside risks to price pressures. Investors await the US inflation and the Australian employment data for November. The AUD/USD pair plunges below the key support of 0.6400 in Tuesday’s European session. The Aussie […]
Daily Market Outlook – Tuesday, Dec. 10
Image Source: Unsplash China’s stock markets have opted to embrace the authorities’ recent ambiguous commitment to support the struggling economy, resulting in a surge in stocks to their highest point in almost a month. A statement from China’s Politburo on Monday indicated a transition from “prudent” to “moderately loose” monetary policy, along with an intention to […]
How Far Could The S&P 500 Go?
Image Source: Unsplash Watch the video from the WLGC session on 9 Dec 2024 to find out the following: Price volume analysis on the S&P 500, Nasdaq 100, Dow Jones & Russell 2000 Gold & silver futures Bitcoin Crude oil futures Dollar index Video Length: 00:15:52 Market Environment The bullish vs. bearish setup is 527 to 121 from the screenshot […]
Surge In Mortgage Rates Spikes Unaffordability For New Homes
New home buyers didn’t catch any breaks during October 2024 as the new home affordability crisis extended into its 31st month.Both the median price of new homes sold and mortgage rates rose during the month. This combination of factors packed a one-two punch against affordability and reversed what had been a trend toward greater affordability […]
Two Trades To Watch: DAX, FTSE Forecast – Tuesday, Dec. 10
Image Source: Unsplash DAX falls as inflation rises & SAP drops German inflation rises to 2.2% YoY in November SAP falls on read-across from Oracle’s weakness DAX hovers around its all-time high The DAX, along with its European peers, is heading lower following weaker-than-forecast Chinese import and export data and as investors weigh up German inflation […]
FX Daily: China Provides Some Respite From Dollar Strength
Image Source: Unsplash We should see little action before a busier second half of the week in the US and Eurozone. If anything, the USD should see some support ahead of tomorrow’s inflation numbers. Inflation numbers in Hungary and the Czech Republic dominate the EM space. USD: China respiteThe dollar was a little softer against most […]
Satoshi’s Bitcoin holdings at risk as quantum computing advances, says Ava Labs co-founder
Key Takeaways Ava Labs co-founder highlighted the vulnerability of early Bitcoin holdings to quantum computing attacks. Current quantum computing capabilities do not yet pose a threat to Bitcoin’s security. Share this article Google’s new quantum computing chip Willow has sparked fresh concerns about Bitcoin’s security. As quantum computing advances, it could become powerful enough to […]
