Category Archive: Finance, No picture
Unlocking ASX Trading Success: Rio Tinto Limited
Image Source: Unsplash ASX: RIO TINTO LIMITED – RIO Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with RIO TINTO LIMITED – RIO. We have determined that wave (i)-orange has reached its peak and wave (ii)-orange is opening to push lower. This correction will be our opportunity to participate in […]
Linea faces criticism over block production halt
Ethereum layer-2 blockchain Linea has come under scrutiny from the crypto community following its decision to unilaterally stop block production in response to a hack on Velocore, a decentralized exchange (DEX) operating on its network. The move has ignited a discussion about the importance of decentralization and censorship resistance in the blockchain industry.The Velocore hack […]
Daily Market Outlook – Monday, June 3
Image Source: Unsplash Asian equity markets kicked off the week positively amid fluctuating expectations for global interest rates, especially in the US. Late Friday, US data confirmed April inflation expectations based on the Fed’s preferred PCE deflator measure, but also indicated weaker consumer spending, which led to lower US Treasury bond yields and put pressure on […]
OPEC+ Extending Key Oil Production Cuts
Image Source: Unsplash On Friday, the Dow Jones (US30) Index gained 1.51% (for the week -1.03%), while the S&P 500 (US500) Index was up by 0.80% (for the week -0.07%). The Nasdaq Technology Index (US100) closed negative 0.01% (for the week -0.31%). Stocks rallied sharply in the last 20 minutes of the session on Friday, reversing losses seen earlier in the day. The volatility arose partly due […]
S&P 500 Investor Focus Shifts Forward To 2024-Q4
The S&P 500 (SPX) lost a half percent of its value from its previous week’s close during the Memorial Day holiday-shortened week. The index ended an exciting day of trading on Friday, 31 May 2024 at 5,277.51.In doing so, the trajectory of the index has aligned with the dividend futures-based model projection of where the index would be provided investors […]
Nvidia Unveils New Chip Architecture, Analyst Forecasts $10 Trillion Valuation By 2030
With a current market cap of $2.7 trillion, one analyst predicts Nvidia’s valuation could surge to $10 trillion by 2030. Nvidia (NVDA), the dominant AI chip market player, announced its latest AI chip architecture, Rubin, on June 2, 2024. This announcement comes just months after the company unveiled its Blackwell model in March 2024, which is expected to […]
OKX expands exchange and wallet services to the Netherlands
OKX has officially launched its centralized exchange (CEX) and Web3 wallet in the Netherlands, offering Dutch customers access to a wide range of crypto services.The OKX CEX enables Dutch users to trade approximately 150 cryptocurrencies, with at least 60 trading pairs available in euros. To facilitate seamless euro deposits and withdrawals, OKX has integrated with […]
Current Analysis: Canon
Image Source: Pexels Canon (CAJFF) designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers.The company operates four major business segments: (1) office, (2) imaging systems, (3) medical systems, and (4) industry and others.Its global customer base and domestically concentrated operations create inherent currency exposure, which can […]
USD/TRY Analysis: Turkish Lira Outlook As Sticky Inflation Persists
Image Source: Unsplash Turkey’s statistics agency will publish its interest rate decision on Monday. Economists expect the data to show that the headline CPI surged to 74.80% in May. The Turkish Central Bank expects the inflation rate to fall to 38% by year end. The USD/TRY exchange rate remained in a tight range on Monday as investors […]
Frax Finance CEO suspects inside job at X in socials hack
Frax Finance, a crypto lending platform, had its X account hacked on June 1, prompting CEO Sam Kazemian to appeal to his followers for assistance in contacting X customer service. The hack has raised concerns about the security of social media accounts and the potential involvement of insiders in such breaches.According to Kazemian, the passwords […]
