Category Archive: Finance, No picture
USD/CAD Slides Back Closer To Mid-1.4000s Amid Modest USD Weakness
The USD/CAD pair struggles to capitalize on its weekly gains registered over the past three days and attracts some sellers during the first half of the European session on Thursday. Spot prices slide closer to mid-1.4000s in the last hour, though any meaningful downfall still seems elusive ahead of the crucial monthly employment details from the US […]
Dollar General Fails To Meet EPS Expectations With Q3 Results
Image Source: Unsplash Dollar General Corporation (NYSE: DG) has released its financial results for the third quarter of fiscal 2024, showcasing a mixed performance amidst challenging conditions. The company reported a 5.0% increase in net sales, reaching $10.2 billion compared to $9.7 billion in the same period last year. This growth was driven by new store openings and […]
Forex Today: Bitcoin Breaks $100,000
Image Source: Unsplash Bitcoin, the world’s largest cryptocurrency, traded above $100,000 for the first time ever today. The cryptocurrency Bitcoin has finally made a bullish breakout beyond $100,000 after spending a couple of weeks consolidating below this significant level, which is likely to be a pivotal point for the world’s largest cryptocurrency. Trend and momentum traders will be […]
FX Daily: Most Focus Is On The Yen
Image Source: Unsplash FX markets are consolidating ahead of tomorrow’s big US jobs release and the dollar is a little softer after the ISM Services release disappointed expectations yesterday. The collapse of the French government has not had much impact on the euro and most of the short-term focus is on whether the Bank of Japan […]
Japan’s trusted crypto media, JinaCoin, delivers Bitcoin analysis
Share this article Bitcoin (BTC) Price AnalysisThe price of Bitcoin reached $100,000 today, December 5th, around 11:00 AM, and as of the time of writing, it has surged further to $103,000. Yesterday, December 4th, Wednesday’s trading session closed with a +2.87% increase compared to the previous day, forming a bullish candlestick.During yesterday’s trading, Bitcoin successfully […]
Looking Ahead To The Q4 Earnings Season
Image Source: Unsplash For 2024 Q4, total S&P 500 earnings are currently expected to be up +7.5% from the same period last year on +4.7% higher revenues. Earnings estimates for the period have steadily come down since the quarter got underway, with the current +7.5% growth rate down from +9.8% in early October. Q4 earnings are […]
Mt. Gox moves $2.8 billion in Bitcoin as price hits $100,000
Key Takeaways Mt. Gox moved 27,871 Bitcoin worth $2.8 billion amidst pending compensation claims. The payout timeline for creditors has been extended to October 31, 2025. Share this article A wallet associated with Mt. Gox just moved 27,871 Bitcoin, worth approximately $2.8 billion, with over 24,000 BTC ($2.4 billion) sent to an unidentified address, according […]
Bitcoin breaks through $100,00 for first time ever, market cap hits $2 trillion
Key Takeaways Bitcoin reached $100,000 for the first time, increasing its market cap to $2 trillion. The approval of spot Bitcoin ETFs is facilitating regulated institutional investment in digital assets. Share this article It was the moment everyone had been waiting for. On Wednesday December 4, 2024, Bitcoin hit $100,000 for the first time in […]
Elliott Wave Analysis: Trading Strategies For New Highs In Major Indices
Image Source: Unsplash Elliott Wave Technical Analysis and Trading Strategies for Major Indices S&P 500, Nasdaq 100, Russell 2000, DAX 40, FTSE 100, and ASX 200 Overview Prepare for strategic trading opportunities as we delve into the Elliott Wave technical analysis of major global indices. Thursday is expected to present a minor Wave Four corrective pattern, […]
Australian Dollar Remains On The Defensive As Weaker Data Spurs RBA Rate Cut Speculation
Image Source: Unsplash The Australian Dollar softens in Thursday’s Asian session. Slower-than-expected Australian Q3 GDP and heightened expectations of RBA’s dovish stance exert some selling pressure on the Aussie. The US weekly Initial Jobless Claims and Goods Trade Balance are due later on Thursday. The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing […]
