Category Archive: Finance, No picture
Oil Rises Amid Increasing Geopolitical Tensions In The Middle East. Inflation Is Rising In Australia
The Dow Jones Index (US30) fell by 0.55% to a two-week low on Tuesday, while the S&P 500 Index (US500) gained 0.03%. The NASDAQ Technology Index (US100) closed positive 0.59%. Minneapolis Fed President Kashkari’s comments were somewhat hawkish for Fed policy and negative for stocks when he said the US economy remains “remarkably resilient” and the Fed should monitor whether inflation is […]
Australian Inflation Weighs On Risk Assets
April’s above-consensus Australian CPI print has hit the local bond market and serves as a reminder that the Reserve Bank of Australia may not be done hiking. While higher local interest rates may be seen as good news for the Australian dollar, the jury remains out on whether the Federal Reserve will be able to […]
BlackRock’s Bitcoin ETF claims top spot after $102 million in inflows
BlackRock’s iShares Bitcoin Trust (IBIT) has officially become the largest Bitcoin fund after recording $102 million in inflows in Tuesday’s trading session, according to data from Farside. Meanwhile, Grayscale Bitcoin Trust (GBTC) saw roughly $105 million in outflows.US Spot Bitcoin ETF Flows (May 28) – Sources: FarsideUS spot Bitcoin ETFs witnessed a net inflow of […]
Yen Stumbles As Traders Embrace The Carry Trade; BoJ Under Pressure To Act
Global FX markets remain relatively quiet, with the dollar showing slight strength during today’s Asia session. This uptick is driven by a surprise bounce in US May consumer confidence and a slight increase in US yields following some tepid auctions of two- and five-year US Treasuries. Tonight, $44 billion of seven-year US Treasuries will be […]
Comprehensive Elliott Wave Analysis For Bitcoin, ETH/USD, Gold, Silver & Commodities
Commodity Market Elliott Wave Analysis for Bitcoin ETH/USD, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Update: Bitcoin Wave v) of 1 of (5). Ether Wave v) of 1 of (5) I have aligned Bitcoin in line with the Nasdaq as a possible wave […]
BYD And Toyota New Cars Puts Tesla, VinFast, Nio Stocks On Edge
Image Source: Pexels BYD has launched a new hybrid car with a 2,000km range. The car will sell for about $13,000, making it cheaper than other brands. Toyota, Mazda, and Subaru are also planning new hybrid energy vehicles. Electric vehicle stocks have come under intense pressure this year, and the situation could get ugly in the […]
Hong Kong SFC to conduct compliance checks on crypto firms
The Hong Kong Securities and Futures Commission (SFC) has announced that it will carry out on-site compliance checks on local virtual asset trading platforms (VATPs) that are still in the process of completing their regulatory applications after the June 1 licensing deadline.In a notice issued on May 28, the SFC emphasized that all local crypto […]
Elliott Wave Technical Analysis: Polkadot Crypto Price News For Wednesday, May 29
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartPolkadot/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 5.225DOT/ U.S. dollar(DOTUSD)Trading Strategy: Overall, the correction in DOTUSD is entering its final phase in Wave C, […]
ZKasino initiates ETH refund process amid mounting scam allegations
Blockchain-powered gambling platform ZKasino has initiated a 72-hour refund process that would return funds to its investors. The decision comes in a month after the project was accused of operating a $33 million rug pull. Despite the refund process dubbed by the project as a “2-step bridge back process,” some investors remain skeptical about the […]
Is Nvidia Worth 35x Times Sales, History Says No
Image Source: UnsplashYou wouldn’t be able to tell just by looking at the S&P 500 daily change of +0.02%, but Tuesday was a pretty negative day, with the S&P 500 equal weight RSP ETF finishing down by almost 70 bps. Even the Dow was lower on the day by 55 bps. Most of the other market […]
