Category Archive: Finance, No picture
US Dollar Reemerges After Downbeat Start Of The Week
Image Source: Pexels The US Dollar trades in the green against its peers, recovering some of the losses registered on Monday Equity markets are erasing their positive start of the week. The US Dollar Index jumps back above 104.00 after falling below it during the Asia-Pacific trading session. The US Dollar (USD) trades in the […]
Dollar Recovers From Yesterday’s Slide, But Slumps Against The Yen
Image Source: Pexels Overview: The dollar’s losses scored after yesterday’s disappointing ISM manufacturing report were extended initially in Asia Pacific turnover earlier today before it recovered. The recovery has stretched the intraday momentum indicators, warning against expected strong follow-through dollar buying in North America, without fresh impetus. Amid position adjusting and crosses unwinding, the yen is resisting […]
Thai SEC approves its first Bitcoin ETF with limited access to institutional investors
The Securities and Exchange Commission (SEC) of Thailand has endorsed One Asset Management (ONEAM) as the first firm to launch a spot Bitcoin exchange-traded fund (ETF) in the country.The fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), is scheduled for distribution between May 31 and June 6, with […]
Median Household Income In April 2024
Motio Research’s initial estimate of U.S. median household income in April 2024 is $78,238. That figure represents a $67 (+0.1%) increase from the firm’s initial median household income estimate of $78,171 for March 2024.The firm also announced its first projection of the U.S. Census Bureau’s annual estimate of median household income for the 2023 calendar year, which won’t be announced […]
OPEC+ And Oil’s Seasonals
Image Source: Unsplash Over the weekend OPEC+ agreed to extend their collective production cuts through to the end of 2025.Previously, the cuts of around 3.6 million bpd, were expected to end this year. On top of this, the voluntary cuts from eight states of around 2.2 million bpd were extended from the end of Q2 2024 […]
The Day Berkshire Hathaway Stocks Fell 99%
Image Source: Unsplash Yesterday was one for the books at the New York Stock Exchange. Thanks to a technical glitch, nearly 4000 traders managed to get Berkshire Hathaway stocks at 99% off. The BRK-A stocks were shown as trading at $185 instead of the usual price, over $200 higher. The stock market game is one […]
Daily Market Outlook – Tuesday, June 4
Image Source: Unsplash Asian stock markets experienced a downturn following the release of a weaker-than-expected US ISM manufacturing survey on Monday, reversing the prior market dynamic where the market perceived bad news as good news for market sentiment as it prompted the markets to believe that the Fed would step in with rate cuts, recently we […]
Elliott Wave Technical Analysis: KOSPI Composite Index
Image Source: Unsplash KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart, KOSPI Composite Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE: gray wave 3POSITION: orange wave 3DIRECTION NEXT LOWER DEGREES: gray wave 4DETAILS gray wave 2 looking completed.Now gray wave 3 of 3 is in play.Wave Cancel invalid level: 2552.92The KOSPI Composite Elliott Wave Analysis for the […]
3 Highly Ranked Energy Stocks To Buy For Sound Growth & Value
Image Source: UnsplashAlthough crude oil prices have dropped over the last week several energy stocks are starting to stand out in terms of growth and valuation. To that point, many energy companies are reaping nice profits with crude prices still over $70 a barrel despite the recent dip.Coinciding with their increased profitability, several Zacks Oils and Energy […]
Pending Home Sales Slump Amid Higher Rates, High Prices
Image Source: UnsplashThe National Association of Realtors stated the obvious reason: “The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market.” They should have added: “and escalating interest rates on top of record high home prices that keep on rising.”Pending Home Sales IndexBottom line, we have the pace […]
