Category Archive: Cryptocurrency, No picture
US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks
Investors have poured around $2 billion into US spot Bitcoin exchange-traded funds (ETFs) over the past two weeks, according to data from Farside. These funds also recorded a tenth consecutive day of net inflows.This week alone, US spot Bitcoin ETFs saw over $1 billion in inflows, with Thursday recording the largest daily inflow of around […]
Forex And Cryptocurrencies Forecast For May 27-31
Image Source: Unsplash EUR/USD: The Battle of Europe and US PMIs Overall, the past week favored the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on May 15, it returned to this zone on May 24, regaining the losses of recent days.Recall that the report from […]
Week In Review: Hengrui And Degron Announce $7.2 Billion In Drug Licensings
Image Source: Unsplash Deals and Financings Jiangsu Hengrui Medicine out-licensed global rights for its portfolio of three proprietary GLP-1 candidates to a US startup, Hercules, in a deal worth up to $6 billion (see story). Hengrui will receive $110 million upfront, up to $200 million in milestones, and as much as $5.725 billion in sales milestones, plus […]
52% Of Top US Hedge Funds Own Bitcoin ETFs
Image Source: Pexels534 institutions with over $1 billion in assets now hold Bitcoin ETFs, according to Bitcoin app River.In a blog post published this week, River noted that over 534 entities, each managing assets exceeding $1 billion, have now incorporated Bitcoin ETFs into their portfolios.The diverse group of owners includes hedge funds, pension funds, and insurance companies, […]
Swing Trading A Small Account
Image Source: PexelsHow does one start swing trading with just a few thousand dollars, or even less, say $1,000? What stocks should that person focus on, how much volume should one look for, and what about market cap?00:19:22More By This Author:Bearish Engulfing Candle – Time To Worry?Bitcoin Breakout: BTC Surges Ahead The Timing Of Fundamentals
Why Comcast Corp Stock Is A Buy?
Image Source: PexelsAs part of our ongoing series, each week we will focus on one of the stocks from our stock screeners, and take a look at why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Comcast Corp (CMCSA) Comcast is made up of three parts. The core cable business […]
Week Ahead: Near-Term Dollar Outlook Less Clear Than A Week Ago
Image Source: PexelsStronger-than-expected data and hawkish FOMC minutes helped lift US rates and the greenback last week. The fact that the market continues to reduce the extent of ECB easing this year is notable, but this did not prevent the euro from snapping a five-week advance.The 10-year Japanese government bond yield rose above 1% last week for the first […]
OJ Prices Squeeze Into Blue-Sky Breakout As Food Inflation Fears Soar
Image Source: UnsplashOrange juice futures in New York surged to new record highs on Friday morning, with prices squeezing over 30% in just a few short weeks. The latest price jump comes as citrus crop troubles across Brazil and the US continue to worsen global supply fears. “The price of orange juice futures has soared to records, adding strain […]
Can A Top Be So Low?
Image Source: PexelsHere is a small look at Unity Software (U), which has recently been sporting one of the cleanest head-and-shoulder tops I’ve ever seen in my life. The problem is that it’s at a lifetime low. Still, I think this will presage much lower prices.More By This Author:Unity Software’s Impeccable Head And Shoulders Pattern Signals Further Decline My Best […]
Gravy Train Investing
Image Source: UnsplashWhen Joe Biden signed the infrastructure bill – officially known as the Infrastructure Investment and Jobs Act – in November 2021, most people noticed the price tag. And with good reason. At $1 trillion, it was one of the most expensive pieces of legislation in history.Now, I’m not here to debate the merits of […]
