Category Archive: Cryptocurrency, No picture
Hong Kong SFC mulls allowing staking for Ethereum ETFs
Hong Kong’s Securities and Futures Commission (SFC) is reportedly exploring the possibility of allowing Ethereum ETFs under its jurisdiction to stake their tokens, a move that sets it apart from the stance taken by US regulators.This initiative aligns with the SFC’s progressive approach, following its recent approval of spot Ethereum ETFs alongside Bitcoin products. According […]
Grayscale Investments launches Near and Stacks crypto trusts
Grayscale Investments, the world’s largest crypto asset manager, has announced the creation and public launch of two new crypto investment trusts: Grayscale Near Trust and Grayscale Stacks Trust. The new trusts, which opened on May 23, allow eligible individual and institutional accredited investors to access daily subscriptions for diversified crypto exposure.The Grayscale Near Trust is […]
Chart Of The Day: Tutor Perini – Profits In Construction
Image Source: Unsplash The Chart of the Day belongs to the engineering and construction company Tutor Perini (TPC). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the […]
Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 23
Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is –0.8%. If the energy sector is excluded, the growth rate for the index is 12.1%. Of the 1,663 companies in the Russell 2000 that have reported earnings to date for 24Q1, 59.2% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -0.2%. If the energy sector is excluded, the growth rate […]
US Lawmakers pressure SEC for Ethereum ETF approval
A bipartisan group of US lawmakers sent a letter to the SEC urging the approval of spot Ethereum exchange-traded funds (ETFs), as reported by Politico. The group consists of five members of the House Financial Services Committee, two Republicans and three Democrats, and is led by Rep. French Hill.The letter mentions the approval of spot […]
Elliott Wave Technical Analysis: Nvidia Corp. – Thursday, May 23
Image Source: Unsplash NVDA Elliott Wave Analysis Trading Lounge Daily Chart,Nvidia Corp., (NVDA) Daily ChartNVDA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {v}.DIRECTION: Upside in {v} of 1. DETAILS: Equality of {v} vs. {i} stands at 972$, looking for resistance on top of TL1 at 1000$.NVDA Elliott Wave Analysis Trading Lounge 4Hr Chart,Nvidia Corp., (NVDA) 4Hr ChartNVDA Elliott […]
After Hawkish FOMC Minutes, The Dollar Comes Back Softer
Image Source: Pexels Overview: The dollar was aided yesterday by the hawkish FOMC minutes and the backing up of US rates. The greenback has stabilized today and is softer against all the G10 currencies. The stronger eurozone PMI masks divergence between Germany and France but keeps the recovery narrative intact. The dollar’s broad gains pressured the yuan, […]
Two Trades To Watch: GBP/USD, DAX Forecast – Thursday, May 23
Image Source: Unsplash GBP/USD above 1.27 as the country gears up for an election The PMI announced a general election on July 4th UK composite PMI eased to 52.8 from 54.1 in April USD slips amid risk on trade & despite hawkish FOMC minutes GBP/USD holds above 1.27 The pound is holding on to yesterday’s gains […]
Teen Jobs Dip In April 2024
The employment situation for U.S. teenagers dipped slightly in April 2024. The seasonally adjusted number of 16-19 year olds counted as having jobs decreased from the previous month’s total by 23,000 (or 0.4%) to 5,839,000. That’s just under a third of the entire population of U.S. teens in this age bracket.Although it dipped, the jobs […]
Strong NVDA Report Helped Indices Stay Afloat After Hawkish FOMC Minutes
Image Source: Pexels The US stock indices closed moderately lower on Wednesday, with the Dow Jones Industrials Index falling to a 1-week low. At Wednesday’s close, the Dow Jones Industrial Average (US30) decreased by 0.51%, while the S&P 500 Index (US500) was down 0.27%. The Nasdaq Technology Index (US100) closed negative 0.18%. “Hawkish” minutes from the May 1 FOMC meeting showed that “many” officials doubted […]
