Category Archive: Finance, No picture
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 […]
Coinbase adds GIGA and TURBO to listing roadmap as tokens see double-digit gains
Key Takeaways Coinbase added TURBO and GIGA to its listing roadmap, causing significant price jumps. Altcoin season may diminish the impact of new token listings as market dynamics shift. Share this article Coinbase added meme tokens TURBO and GIGA to its listing roadmap, triggering substantial price movements for both assets. GIGA jumped 70% following the […]
PEPE price soars on Binance.US listing news
Key Takeaways Binance.US is listing PEPE, adding it as the fourth meme coin on its platform. PEPE’s market cap sits at $8.8 billion and it’s the third-largest meme token by value. Share this article PEPE coin surged over 7% after Binance.US, the American subsidiary of the leading crypto exchange Binance, revealed that it will list […]
4-Pillar Strategy In Action: Today’s Top Market Movers Revealed
Image Source: Unsplash Morning Market Insights: Top Pre-Market Picks and Macro Trends As we dive into another busy trading day on Wednesday, December 4th, the market is abuzz with activity. Our pre-market prep session provided an in-depth macro review, actionable insights, and a ranked list of top stock picks. Watch the full pre-market prep video here […]
Putin says no one can ban Bitcoin and digital assets
Key Takeaways Vladimir Putin stated that no one can successfully impose a ban on Bitcoin or digital currencies. Russia recognizes digital currencies as property in foreign trade settlements under a new legal regime. Share this article Russian President Vladimir Putin stated that new technologies like Bitcoin and digital currencies cannot be effectively banned and will […]
