Category Archive: Finance, No picture
Picking Apart The Trend To Equity U.S.
Image Source: Unsplash Although it’s been on the slide since mid-May, the US equity market has edged out global equities as the UK fund buyers’ market of choice. This has been implemented, however, in ways that run counter to prevailing trends.Equity Global sales have been trending down since their November 2022 peak of £3.21bn—only bettered by […]
Active Hurricane Season Forecasted Is Upon Us. The Corn And Ethanol Report
Photo by Jesse Gardner on Unsplash GFS proposes Tropical Activity in an 11-15 day cycle. The Central US forecast stays wet across the E Plains/W Midwest through Wednesday, with precipitation confines to S Plains/ Delta next week. Coming dryness bodes favorable for areas of !a & Upper Midwest plagued by excess water. Needed rain is offered to Kansas […]
Elliott Wave Technical Analysis: Cocoa Commodity – Tuesday, June 4
Photo by Etty Fidele on Unsplash Cocoa Elliott Wave Analysis Function – Counter-trend Mode – Corrective Structure – Not yet defined Position – Blue wave ‘b’ Direction – Blue wave ‘b’ is still in play Details – As the price reached the 30 major level. The circled wave b could have completed a double zigzag. However, price […]
Polygon Labs acquires Toposware to enhance ZK capabilities
Polygon Labs today announced the acquisition of blockchain research and engineering firm Toposware. This acquisition is the third major zero-knowledge (ZK) purchase by Polygon Labs in under three years, following Hermez and Mir in 2021. “The Toposware team’s deep cryptography and zero-knowledge expertise, as well as excellent engineering skills, have made them a perfect fit […]
Services Lead Hungary’s Economic Recovery
Image Source: Pexels Hungary’s Statistical Office confirmed the quarterly GDP growth in the first quarter of the year, with growth driven by services-related consumption. We believe the economy is back on a sustainable recovery path after several quarters of zigzagging. Growth structure points to a more sustainable recoveryThe Hungarian Central Statistical Office (HCSO) didn’t make any revisions […]
EUR/GBP Holds Key Support Of 0.8500 With Focus On ECB Policy Decision
Image Source: Unsplash EUR/GBP holds the 0.8500 support tightly ahead of the ECB policy meeting. Investors will keenly focus on the ECB’s rate-cut path beyond June. UK’s persistent wage growth remains a barrier for the BoE pivoting to policy normalization. The EUR/GBP pair remains subdued above the psychological support of 0.8500 in Tuesday’s American session. […]
Elliott Wave Technical Analysis: MicroStrategy Inc.
Image Source: Unsplash MSTR Elliott Wave Analysis Trading Lounge Daily Chart, MicroStrategy Inc., (MSTR) Daily ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 1. DIRECTION: Top in Minor wave 1. DETAILS: Looking for a top in either Minor wave 1 or else Intermediate (5).MSTR Elliott Wave Analysis Trading Lounge 4Hr Chart,MicroStrategy Inc., (MSTR) 4Hr ChartMSTR Elliott Wave […]
Roaring Kitty Goes All In On GameStop
Image Source: Unsplash GameStop shares traded nearly 100% higher in pre-market trading before Monday’s official 9:30 ET opening. The reason is a Tweet and Reddit post from Roaring Kitty. On Twitter, he shared the picture below of an Uno playing card. Further, on Reddit, Roaring Kitty posted for the first time in three years. It sounds […]
AUD/USD Falls After Australian Economic Data Hints At Slower Growth
AUD/USD trades almost three-quarters of a percent lower in the 0.6640s on Tuesday, after the release of Australian Current Account Balance data for Q1 shows a 4.9 billion (AUD) deficit when a 5.9 billion surplus had been expected. The data suggests a trade balance that favors imports and weighs on the country’s economic growth prospects. The […]
Watford FC to offer 10% equity shares to fans through tokens
Watford FC, the Championship football club, announced today its plans to offer a 10% stake in digital currency to its fans and investors, according to a recent report by Bloomberg. The sale is being facilitated by Republic, a digital-asset company that provides advisory services and blockchain infrastructure, to web3 builders and investors.As reported, fan investors […]
