Category Archive: Finance, No picture
FX Daily: Dollar Awaits Incoming US Payrolls Data
Image Source: Unsplash The week culminates in today’s November NFP jobs report. Given expectations of a bounce back after last month’s weather and strike-hit figure of +12k, the market now probably sees less than 200k as a bad number and above 300k as a good number. The data will determine whether one-way positioning long the dollar […]
Who is David Sacks? Trump’s pick for White House AI and Crypto Czar is a Bitcoin investor
Key Takeaways David Sacks has been nominated by Donald Trump as the White House AI and Crypto Czar. Sacks invested in Bitcoin early on and he will be involved in regulating the crypto industry following Trump’s nomination. Share this article President-elect Donald Trump has nominated David Sacks as his White House AI and Crypto Czar. […]
XRP On-Chain Metrics Show Bulls Still In Control Despite The Price Correction
Image Source: Upsplash XRP’s 25% price drop reflects profit-taking after a 400% rally in November. On-chain metrics show strong funding rates and low retail sentiment, signaling bullishness. A bull flag pattern and RSI correction suggest potential for a bullish breakout. XRP has experienced significant volatility in recent days after a dramatic rally in November with its […]
SEC signals it would reject spot Solana ETF filings and pause new crypto ETF approvals
Key Takeaways The SEC plans to reject spot Solana ETF applications and pause new crypto ETF approvals. The SEC’s decision impacts multiple asset managers seeking to offer Solana-based investment products. Share this article According to FOX Business reporter Eleanor Terret, the SEC has informed at least two prospective ETF issuers that it will reject their […]
Stock Markets’ Winning Streaks End Ahead Of Friday Jobs Report
Image Source: UnsplashAll good things come to an end. So it is with this latest run of all-time highs hit during the last week or so of trading: all major indexes closed out today’s session in the red. The Dow slid -248 points, -0.55%, while the S&P 500 — fresh off its 56th record closing high […]
3 Stocks To Buy For Data Center Exposure
Image Source: UnsplashArtificial intelligence (AI) is Wall Street’s new obsession, with companies discussing the technology in a snowballing fashion and helping keep market sentiment positive.The robust quarterly results we’ve received from NVIDIA (NVDA) over the last year have added further fuel to the fire, with the company flexing the scorching-hot demand it’s been witnessing regarding its […]
Elliott Wave View: Strong Impulsive Rally In American Airlines Favors Upside
Image Source: UnsplashShort Term Elliott Wave in American Airlines (AAL) suggests that rally from 11.6.2024 low is in progress as an impulse. Up from 11.5.2024 low, wave ((i)) ended at 15.13 as the 1 hour chart below shows. Pullback in wave ((ii)) unfolded as a double three Elliott Wave structure. Down from wave ((i)), wave a ended […]
WTI Struggles Near Weekly Low, Below $68.00 Mark As Traders Await US NFP Report
Image Source: Unsplash WTI drifts lower for the third straight day despite OPEC+ decision to delay production rise. Concerns about a slowing demand in China overshadow geopolitical risks and exert pressure. Traders now look to the US NFP report, which will drive the USD and provide a fresh impetus. West Texas Intermediate (WTI) US Crude Oil […]
Top Analyst Reports For Home Depot, Johnson & Johnson & Salesforce
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including The Home Depot, Inc. (HD), Johnson & Johnson (JNJ), and Salesforce, Inc. (CRM), as well as two micro-cap stocks, Preformed Line Products Co. (PLPC) and Cooper-Standard Holdings Inc. (CPS). […]
Bitcoin dips below $92K as 24-hour liquidations hit $1 billion
Key Takeaways Bitcoin’s price dropped below $92,000, resulting in over $1 billion in liquidations within 24 hours. Bitcoin quickly recovered to $96,500 after a 10% decline from its all-time high. Share this article Bitcoin briefly dipped below $92,000 today, marking a sharp decline of over 10% from its all-time high of $104,000 reached on Wednesday.The […]
