Category Archive: Finance, No picture
Elliott Wave Analysis: Trading Strategies For New Highs In Major Indices
Image Source: Unsplash Elliott Wave Technical Analysis and Trading Strategies for Major Indices S&P 500, Nasdaq 100, Russell 2000, DAX 40, FTSE 100, and ASX 200 Overview Prepare for strategic trading opportunities as we delve into the Elliott Wave technical analysis of major global indices. Thursday is expected to present a minor Wave Four corrective pattern, […]
Australian Dollar Remains On The Defensive As Weaker Data Spurs RBA Rate Cut Speculation
Image Source: Unsplash The Australian Dollar softens in Thursday’s Asian session. Slower-than-expected Australian Q3 GDP and heightened expectations of RBA’s dovish stance exert some selling pressure on the Aussie. The US weekly Initial Jobless Claims and Goods Trade Balance are due later on Thursday. The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing […]
Market Liquidity May Not Be As Ample As Some Believe
Image Source: UnsplashToday, the VIX index was up slightly, and 10-day realized volatility began to rise from its depressed levels, as the S&P 500 moved by 60 basis points instead of its usual 25 bps. With a Jobs report on Friday, a CPI report next week, a FOMC meeting coming up, and a BOJ meeting, volatility […]
This Market Tech, More Tech, Nothing But Tech Right Now
Image Source: UnsplashWhen you’re trading, it pays (literally) to develop a list of “usual suspects” you can use to get a read on the market in a matter of seconds.Financials, energy, tech – those are a few of my usual suspects. What I see isn’t all that great… The other day it looked like Christmas came […]
Nasdaq Kicks On As Russell 2000 Stays In Limbo
Image Source: UnsplashToday belonged to the Nasdaq. There was a good opening gap and the index kicked on nicely on higher volume accumulation. Technicals are net bullish. Healthy action with no bearish divergences flagged.The S&P added near 1%, although the index continued to lose ground against the Nasdaq. However, On-Balance-Volume shows strong accumulation, which should help […]
Rates Spark: The Ratchet Lower In Yields Is Far From Done
US Treasuries continue to drift lower, and we continue to eye 4% as both a target and a floor. The 2yr could go through. The 10yr could too, but shouldn’t. In the eurozone, markets are refraining from pricing in more near-term ECB cuts and are instead focusing increasingly on the landing point, potentially bull flattening […]
Fed Chair Powell calls Bitcoin a competitor to gold, not the US dollar
Key Takeaways Fed Chair Powell views Bitcoin as a competitor to gold, not the US dollar. Fed Chair Powell signals cautious approach to rate cuts as markets expect a 25 basis point reduction in December Share this article Federal Reserve Chair Jerome Powell, speaking at the New York Times DealBook Summit on Wednesday, addressed Bitcoin […]
Altcoin Google searches spike to 2021 all-time highs
Key Takeaways Google searches for ‘altcoins’ hit a record high of 100 on November 30, driven by overall market optimism post-election. The Altcoin Season Index has risen to 89, indicating strong market performance relative to Bitcoin. Share this article Google Trends data shows a big spike in interest in “altcoins” as of December 4, reaching […]
Exports Vs. Global Currency Weakness. The Corn & Ethanol Report
We kicked off the day MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., ADP Employment Change at 7:15 A.M., Fed Musalem Speech at 7:45 A.M., S&P Global Composite PMI Final and S&P Global Services PMI Final at 8:45 A.M., ISM Services […]
Bitcoin Exchange Reserves Plunge To Multi-Year Lows: Will BTC Gain From Supply Crunch?
Image Source: Unsplash According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset’s price closer to the $100,000 mark. This significant decline could have major implications for the asset’s supply-demand dynamics. Investor Confidence Increasing In […]
