Category Archive: Finance, No picture
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Friday, May 10
Image Source: Pexels AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar/U.S.Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive […]
PayPal Stock Price Analysis: PYPL Has Formed A Risky Pattern
Image Source: Unsplash PayPal share price has formed a rising wedge pattern on the daily and weekly charts. The company’s growth rate is significantly lower than other fintech companies. It has also continued shedding the number of active users on its platform. Watching PayPal’s (Nasdaq: PYPL) stock price implode has been painful to see. A […]
Nasdaq: April Rougher Than Expected, But Bullish Full Year Forecast On Track
Image Source: UnsplashHistorically, election years have been bullish and that was true through Q1 but inflation remains stubbornly elevated while economic activity, measured by GDP, has slowed. This has put added pressure on the Fed and the outlook for interest rate cuts this year continues to dim. Factor in the presidential election and two ongoing wars […]
Tether refutes Deutsche Bank research revealing stablecoin solvency risks
Deutsche Bank research analysts have released a report suggesting that most stablecoins, including Tether, are likely to fail due to a lack of transparency and vulnerability to speculative sentiment.The report, which studied 334 currency pegs since 1800, found that only 14% have survived, with a median lifespan of 8-10 years for those that failed or […]
Markets In The Green: Prospects For New Highs Every Day
Image Source: UnsplashGreen, green, green. It’s all we’ve seen for the past month. It’s getting to the point where the prospect of yet again seeing Lifetime Highs every single trading day of the month is becoming possible. Indeed, one of the few indexes that still has ANY kind of reasonable resistance point is the Dow Industrials, […]
This Bull-Trap Could Make Our Entire Week
Image Source: Unsplash What’s going on with these markets? Emini is trending higher, while Nasdaq is chopped up and sideways?This “divergence” after such a BIG MOVE higher this week tells me this Bull Trap could be our biggest win of the week! E-Mini S&P (ES): Emini is bullish with another big move higher today. Buyers […]
Elon Musk’s xAI eyes $18 billion valuation with upcoming funding: Bloomberg
Elon Musk’s artificial intelligence startup, X.AI Corp., is expected to finalize a funding round at a valuation of around $18 billion “as soon as this week,” Bloomberg reported earlier this week, citing sources familiar with the matter.While the final amount of the round remains undecided, expectations are set for a $6 billion raise. Sequoia Capital […]
Has The Liquidity Drain Hit The Market Yet Or Not?
Image Source: UnsplashStocks traded higher today following initial claims data, which was a bit higher than estimates. In the end, nothing happened, and the market had nothing else to trade on. There has been no significant data this week, and the only thing we get to tomorrow is the University of Michigan. Meanwhile, there will be […]
Current Analysis: Xerox Holdings Corporation
Image Source: UnsplashXerox Holdings Corp (XRX) is an original equipment manufacturing and software company. Xerox operates in one segment–design, development, and sale of printing technology and related solutions–while deriving 60% of its revenue from the U.S. and 40% from international markets.The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and […]
Asia Open: Rate Cut Optimism Fuelled By Higher US Jobless Claims
Image Source: UnsplashMARKETSAll three major U.S. indexes experienced gains following the much higher weekly jobless claims data, which offered fresh hope for potential near-term interest-rate cuts.With Federal Reserve policy acting as the primary driver of investor sentiment in 2024, renewed optimism surrounding the possibility of rate cuts has propelled the Dow to its most significant rally […]
