Category Archive: Finance, No picture
A Digital Economy – Blockchain And Investing
Image Source: PexelsFollowing up with the more fun notion of dogecoin as written about yesterday, today we look at blockchain.If you’re like me, you need to increase your understanding of why blockchain technology is a game changer in our evolving digital world.We all know that blockchain is most famously associated with cryptocurrencies, enabling secure and decentralized […]
Australian Dollar Breaks Key Support Against US Dollar
Image Source: UnsplashThe AUDUSD currency pair’s pullback from the 0.6713 high has extended to as low as 0.6607, breaking below the support of the rising price channel visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from 0.6361 has likely been completed at 0.6713. Further Downside Risks Emerge Following the break […]
This Nvidia Spike Strategy Could Make Our Entire Week
Image Source: Unsplash Woah, what a mess this afternoon! NVDA finally reported earnings and markets went wild!But once the dust settled, it was easy to see why this *SPIKE STRATEGY* could be our biggest winner of the week!Charts are messy this evening, but look closely and you’ll see 3 important clues…The first 2 clues are important, […]
Nvidia Reports Strong Results, But Will That Be Good Enough?
Image Source: PexelsThe S&P 500 finished the day down around 30 bps following a more hawkish reading of FOMC minutes than what was expected, at least in my view. This is interesting because many of the speakers I have heard have suggested they would raise rates if needed, but they have done it with caveats, and […]
Asia Morning Bites For Thursday, May 23
Image Source: UnsplashGlobal Macro and Markets Global Markets: US Treasury yields rose slightly on Wednesday in response to some more hawkish views expressed in the Fed minutes from the last FOMC meeting. 2Y UST yields rose by 4 basis points, though 10Y yields rose just 1bp. Given the content of those minutes, this seems an oddly inadequate […]
AUD/USD Tumbles Toward 0.6600 After FOMC’s Minutes Ahead Of Aussie PMIs
Image Source: Unsplash AUD/USD tumbled more than 0.60% on Wednesday due to FOMC turning hawkish. Fed minutes hint at possible rate hikes if inflation risks increase, boosting US Treasury yields and the Dollar. Australian economic agenda includes Judo Bank Manufacturing and Services PMIs, showing mixed preliminary results for May. Upcoming US data: unemployment claims and S&P […]
Fourteen years ago, someone bought pizza with Bitcoin
It was, back then, a new transaction, conceived from peer-to-peer friendships, and dedicated to the proposition that commerce on the Internet has come to rely almost exclusively on financial institutions.Now we are almost a decade and a half on, in a movement that could test whether the ideas conceived by Satoshi Nakamoto can endure. We […]
Expert Elliott Wave Analysis: SP 500 & Nasdaq Trends Amid NVDA Earnings Impact
Image Source: PexelsS&P 500, SPY, Nasdaq 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis Our detailed Elliott Wave analysis for the SP 500 and Nasdaq indicates we are currently in wave v of (v) of iii) of 1 of (5) of 3) of I. This complex wave structure suggests […]
Stale FOMC Minutes Negatively Shift Cross Asset Sentiment
Image Source: UnsplashMARKETSWall Street closed lower on Wednesday, and oil prices declined as investors digested the FOMC minutes from the U.S. Federal Reserve’s latest policy meeting. Meanwhile, Nvidia Corp’s (NVDA) shares surged over 4% in extended trading after the mega-cap chipmaker forecasted quarterly revenue above estimates. Despite the bullish momentum rekindled by Nvidia’s forecast, the price […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 22
Image Source: UnsplashBoth the ES and NQ continue to subdivide within an ongoing extended 5 wave structures. NVDA’s earnings were solid as expected with the market reacting more to the release of the last FOMC minutes. I’ve updated the labeling and made small adjustments to the Fibonacci levels. The markets may now move back to focusing […]
