Category Archive: Cryptocurrency, No picture
Solana drops as FTX sells $2.6 billion at 38% discount
Solana token prices have fallen by 4% in the past day after the bankrupt crypto exchange FTX sold $2.6 billion worth of tokens to Figure Markets and Pantera Capital at a significant discount, according to Bloomberg.Figure bought 800,000 Solana tokens for about $80 million, or $102 per token – a 38% discount from Friday’s market […]
The Energy Report: Ceasefired Up
Oil prices retreated yesterday along with a big sell off in the stock market as concerns about inflation and rising interest rates put it damper on most of the markets. Today, believe it or not, the market is getting some pressure from a Reuters report that Vladimir Putin is looking for a ceasefire in Ukraine. According […]
Strong Economic Reports Fuel The Dollar And Harm Indices
The US stock indices closed lower on Thursday. At the end of the day, the Dow Jones Index (US30) was down 1.53% (the worst day in a year), while the S&P 500 Index (US500) lost 0.74%. The NASDAQ Technology Index (US100) closed negative 0.39%. Stock indices initially increased, with the S&P 500 (US500) and NASDAQ (US100) setting new record highs. But then the market began to […]
Kabosu, beloved Shiba Inu and face of iconic ‘Doge’ meme, passes away
Kabosu, the Shiba Inu who basked in attention as the face of the iconic “Doge” meme, inspiring the creation of Dogecoin, has passed away peacefully today at the age of 17.Her owner, Atsuko Sato, announced the news on her official blog, expressing gratitude for the love and support shown to Kabo-chan over the years. A […]
Ethereum ETF approval sees minor decline in broader market, $400M in liquidations
After the dust settled on the craze around the SEC’s approval of Ethereum ETFs, the crypto market saw high levels of volatility. Data from CoinGecko shows that the top 20 digital assets (by market cap, excluding stablecoins) saw losses of roughly 3% each. Broadly, Bitcoin (BTC) and Ethereum (ETH) saw declines of 3.4% and 3.5%, […]
Pendulum Swings Back To Hawkish Fed Pricing
The big story in the second half of the week has been a run of US calendar events that have fueled a hawkish repricing of Fed rate cut bets. The combination of the hawkish Fed Minutes, stronger jobless claims data, and robust PMIs have all resulted in the market getting back to pricing closer to […]
USD/CAD Falls Toward 1.3700 As US Dollar Offers Gains Ahead Of Economic Data
USD/CAD halts its four-day winning streak, trading around 1.3720 during the European session on Friday. However, the US Dollar (USD) advanced against the Canadian Dollar (CAD) during the earlier hours of the Asian market due to the emergence of the risk aversion sentiment. This could be attributed to the higher-than-expected Purchasing Managers Index (PMI) data released on Thursday from […]
Elliott Wave Technical Analysis: Australian Dollar/U.S.Dollar Forex
Image Source: UnsplashAUDUSD Elliott Wave Analysis Trading Lounge Day ChartAustralian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: correctiveSTRUCTURE: blue wave 2POSITION: black wave 3DIRECTION NEXT HIGHER DEGREES: blue wave 2DETAILS: Blue Wave 1 is looking completed at 0.67165. Now blue wave 2 of 3 is in play.Wave Cancel invalid level: 0.63628The AUDUSD Elliott Wave analysis on the day […]
WMT, TGT, COST: What Retail Sector News And Moves Say About Consumer Spending
Image Source: UnsplashI was at a dinner party recently and was seated next to a plastic surgeon. During our conversation, he said this is the first time he has seen a downswing in his business and attributed it to the impact of inflation and reduced spending power. Walmart Inc.’s sudden success in attracting more affluent customers to its stores […]
Elliott Wave Technical Analysis: ChainLink Crypto Price News For Friday, May 24
Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave C May be complete and the price increase again in Wave A or I.ChainLink/ U.S. […]
