Category Archive: Finance, No picture
Gold Slips Ahead Of US Inflation Data But Bullish Trend Remains Intact
Gold fell in the first half of Monday’s session, apparently due to profit-taking following its 2.5% gain last week that saw the metal end a two-week losing streak. The underlying trend remains bullish with the metal on course to potentially end higher for the third consecutive month. The metal was on the ascendancy again for much […]
Bitcoin layer-2 landscape “set to boom” as BTC keeps outperforming: Bybit
Bitcoin (BTC) layer-2 (L2) blockchains will continue to grow as BTC continues to outperform other major crypto in 2024, according to a report by crypto exchange Bybit.Bitcoin’s market dominance has surged to 51.1% as of May 7, signaling a robust uptrend since late September 2023. This growth is largely attributed to the US approval of […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: WiseTech Global Limited
Image Source: Unsplash ASX: WiseTech Global Limited – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WiseTech Global Limited – WTC. We identify that WTC is bullish with wave (v) to continue pushing higher. In the forecast we made last week, the current WTC […]
S&P 500 Rises As Expectations Firm For Rate Cuts Later In 2024
The S&P 500 (Index: SPX) rose a little over 1.8% largely as expectations the Federal Reserve will start a series of rate cuts in September 2023 firmed. The index closed out the trading week ending on Friday, 10 May 2024 at 5,222.68, just 0.6% below its 28 March 2024 record high.Those expectations firmed despite the comments of […]
Brent Crude Oil Faces Downward Pressure Amid Demand Uncertainties
Image Source: Unsplash The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity.Recent statements from representatives of the US Federal Reserve have led to expectations that interest rates […]
EU Set To Issue New Antitrust Charges Against Microsoft Over Teams App
EU officials believe Microsoft’s practices could be disadvantaging competitors in the market. EC’s main issue appears to be with the integration of Teams into Microsoft’s broader Office software suite. Competitors raised alarms that Teams is tailored to function more seamlessly with Microsoft’s own software. Unsplash The European Union is poised to bring fresh antitrust charges against Microsoft Corporation, with […]
Gold Commentary – Monday, May 13
Image Source: Unsplash US Inflation DueGold prices are starting the week on a softer footing as traders brace for crucial US economic readings this week with the latest inflation and retail sales data both due on Wednesday. On the back of the recent dip we’ve seen in both jobs and growth, traders are highly sensitive to […]
Rates: Back To The Noughties!
Our premise here is simple – choose a decade that saw the type of inflation that would be broadly acceptable for the Federal Reserve today, and then extrapolate. The answer? The noughties. Back then, the funds rate averaged 3%. The 10yr average? 4.5% – where we are now! It’s a level we’ll return to post a rate cut-induced […]
Legendary trader Roaring Kitty posts comeback meme, Solana memecoin $GME soars 500%
Keith Gill, also known online as Roaring Kitty (also known by other pseudonyms such as DeepF*ckingValue), has posted a cryptic meme on X.Notably, this was Gill’s first post in roughly three years since the events surrounding the GameStop case and the shutdown of the WallStreetBets subreddit. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May 13, 2024 The […]
Healthcare And Biotech Investing 101: What You Need To Know.
Healthcare and Biotech Investing 101: What you need to know. What is your current allocation for healthcare stocks? Large cap stocks that pay dividends are the best positioned for growth plus value. Start with an ETF plus one Fund. If you have been reading our articles you already know some of the basics of healthcare investing. Healthcare […]
