Category Archive: Finance, No picture
Elliott Wave Technical Analysis: Spotify Technology
Image Source: Unsplash SPOT Elliott Wave Analysis Trading Lounge Daily Chart,Spotify Technology S.A. (SPOT) Daily ChartSPOT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 5.DIRECTION: Upside in Minor 5 DETAILS: Looking for upside into Minor wave 5, 0.618 5 vs. 1 stands at 500$. It’s also possible we have had wave {iv} instead of 4.SPOT Elliott Wave Analysis Trading […]
Unlocking ASX Trading Success: ASX Limited – Thursday, June 6
Image Source: Unsplash ASX: ASX Limited – ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX Limited – ASX. We see that wave 2-grey seems to have ended as a Double Zigzag, and wave 3-grey is initially opening to push higher.ASX: ASX Limited – ASX Elliott Wave Technical Analysis […]
Robinhood to acquire Bitstamp in landmark $200M deal: Report
Robinhood Markets, a popular trading platform, announced Thursday that it is acquiring Bitstamp, the leading UK-based regulated crypto exchange. The cost of the acquisition is around $200 million and is Robinhood’s largest deal to date.Established in 2011, Bitstamp is a familiar name among crypto investors worldwide. The exchange has a strong presence in Europe and […]
The Euro Remains Firm Ahead Of The First Time The ECB Will Cut Rates Before The Federal Reserve
Image Source: Pexels Overview: The dollar is mostly softer today, ahead of tomorrow’s employment report. The ECB meeting and President Lagarde’s press conference are main events today. There is little doubt that it will cut rates today and do so ahead of the Federal Reserve for the first time. The ECB’s forward guidance may be the key […]
SEC ‘exceeded’ authority on fee disclosures, US appeals court rules
In a blow to the SEC’s claimed authority over the hedge fund sector, a United States appeals court has struck down a rule that required hedge funds and private equity firms to increase transparency regarding their fees and expenses.The Fifth Circuit Court of Appeals issued a unanimous decision on June 5, with a three-judge panel […]
USD/CAD Edges Lower To Near 1.3650 Due To Improved Risk Appetite, Higher Oil Prices
Photo by Michelle Spollen on Unsplash USD/CAD depreciates as mixed data from the US fuels speculations of a rate cut by the Fed. CME FedWatch Tool suggests the probability of a Fed rate cut in September has increased to nearly 70.0%. The appreciation of crude Oil prices supports the commodity-linked Canadian Dollar. USD/CAD retreats after two days of […]
Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Thursday, June 6
Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave ((4) may be complete and the Price entry to uptrend again.Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: A five-wave […]
2 Dividend Stocks To Buy For AI Exposure: VRT And DLR
Image Source: UnsplashArtificial intelligence (AI) remains Wall Street’s new obsession, with companies continuing to discuss the technology extensively.For those seeking exposure, several stocks — including Vertiv (VRT – Free Report) and Digital Realty Trust (DLR – Free Report) — provide just that, also rewarding their shareholders through dividend payouts. For those with an appetite for income paired with AI exposure, […]
EURJPY 5 Waves Impulsive Elliott Wave Rally Favors Upside
Image Source: UnsplashShort Term Elliott Wave in EURJPY suggests rally from 5.3.2024 is unfolding as a 5 waves impulse. Up from 5.3.2024 low, wave 1 ended at 170.798. Dips in wave 2 took the form of an expanded Flat Elliott Wave structure. Down from wave 1, wave (a) ended at 170.15 and wave (b) ended at 170.75. […]
Jobs, Services Data Lead To Green Markets
Image Source: UnsplashMarkets were up across major indices today. They started the session higher after a favorably cooler private-sector jobs report from Automatic Data Processing (ADP – Free Report), and basically set on cruise control throughout the day tilted slightly higher, closing at or near session highs. The Dow, which had picked up more significant gains earlier in the […]
