Category Archive: Cryptocurrency, No picture
WisdomTree’s Bitcoin, Ethereum ETPs to debut on London Stock Exchange next week
WisdomTree, a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor, has secured the Financial Conduct Authority’s (FCA) approval to list its WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs on the London Stock Exchange (LSE), according to a press release published today. The listing, expected to occur on May 28, will initially cater exclusively […]
Watch: The Worrying US Wealth Divide
ING’s James Knightley on why the consumer story will be one to watch as the US economy slows in the second half of this year.Video Length: 01:18:00 The worrying US wealth divideThe consumer is primarily what drives US economic prospects – but it seems that evidence of a change in narrative could be starting to emerge. As the US economy moderates and as […]
Target Q1 Revenue Declined By 3.1%, EPS Short Of Expectations
Image Source: Unsplash Target Corporation (NYSE: TGT) reported its first quarter 2024 financial results, reflecting a performance consistent with its expectations.The company posted a total revenue of $24.53 billion, a 3.1% decrease from the previous year’s $25.32 billion. This decline was driven by a 3.2% drop in total sales, partially offset by a 3.9% increase in other […]
The RBNZ Maintained Its Hawkish Bias, Leaving The Interest Rate At 5.5%
Image Source: Pexels At the end of Tuesday, the Dow Jones Index (US30) was up 0.17%, while the S&P 500 Index (US500) added 0.25%. The Nasdaq Technology Index (US100) closed positive 0.22%. The US stock indices closed moderately higher, consolidating just below last week’s all-time highs. The rise in stocks was limited by comments from Fed Representative Waller and FRB Atlanta President Bostic, […]
Elliott Wave Analysis On S&P 500 ETF Calling For More Upside
Image Source: PexelsShort Term Elliott Wave in S&P 500 ETF (SPY) suggests the rally from 4.20.2024 low is in progress as an impulse. Up from 4.20.2024 low, wave ((i)) ended at 510.75 and dips in wave ((ii)) ended at 499.49. The ETF has extended higher in wave ((iii)) with internal subdivision as another impulse in a […]
The Bar To Hike Again Is Exceptionally High, While The Bar To Cut Is Relatively Low
Image Source: UnsplashMARKETSAmid a lack of Tier 1 economic data, U.S. investors found momentum Tuesday afternoon as they eagerly anticipated Nvidia Corp.’s (NVDA) earnings report. Nvidia, a key player in the artificial intelligence boom, has been central to the current bull market. Additionally, traders were looking ahead to the release of the Federal Open Market Committee […]
US Dollar Breaks Out Against Swiss Franc, Further Upside Targeted
Image Source: UnsplashThe USDCHF currency pair has broken out above the key 0.9101 resistance level in recent trading sessions. This bullish breakout has opened the door for a potential continuation of the pair’s upside move. Further Gains Likely After Consolidation While some near-term consolidation may unfold following the breakout above 0.9101, further upside follow-through in the […]
VanEck’s Ethereum spot ETF listed on DTCC under ticker $ETHV
VanEck’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker $ETHV. This development comes shortly after Cboe released amended 19b-4 forms. ETHV: VanEck’s Ethereum ETF Awaits SEC Approval, Listed on DTCC While the DTCC listing is a crucial step for the ETF, it does not guarantee […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 21
Image Source: UnsplashBoth the Nasdaq and S&P 500 continued to make progress to the upside albeit within a “choppier” environment trading-wise. New highs within the current sequences continue to suggest an additional smaller price trough is likely before a stronger upside move. From the high should it complete the sequences on a minute, minute, Minor and […]
Tesla’s Fall From Grace: Down 55% From Its Peak
Image Source: PexelsThere was a time when Tesla (TSLA) was the Nvidia (NVDA) of its day. Its stock did nothing but go up, and its earnings calls were intensely anticipated.For a full 30 months now, Tesla has been a dog. It is down 55% from its peak, and for an ostensibly high-tech company to be worth less than half its peak value in this complete joke of […]
