Category Archive: Cryptocurrency, No picture
Ledn’s institutional loans reach $584 million in Q1
Crypto lender Ledn has reported over $690 million in loans in the first quarter of 2024. Institutional borrowers accounted for $584 million, while retail loans comprised $100 million, with $40 million tied to refinancing following the Celsius network collapse.The surge in Ledn’s loan processing coincides with the approval of Bitcoin (BTC) ETFs in the US […]
Our Latest Views On The Major Central Banks
Despite recent setbacks, we continue to expect three rate cuts from the US this year, starting in September. A European Central Bank rate cut in June looks like a done deal. Pexels How our central bank views compare to market pricing Macrobond, ING calculations Federal ReserveAt the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank’s monetary policy stance was […]
Elliott Wave Technical Analysis: UnitedHealth Group Inc. – Thursday, May 9
Image Source: Unsplash UNH Elliott Wave Analysis Trading Lounge Daily Chart,United Health Group Inc., (UNH) Daily ChartUNH Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {iii}.DIRECTION: Upside in Minute {ii}. DETAILS: As we seem to have found support on TL5 at 500$, we are looking for upside resumption, which could take us to TL8 in the long term. UNH […]
Forex Today: Markets Await Bank Of England
Unsplash The Bank of England is widely expected to leave its interest rate on hold at 5.25%, with the real topic of interest being the language within its monetary policy statement. The Japanese Yen is continuing to sell off this week after the big gains it made last week following two suspected interventions in its […]
Binance fires investigator for exposing market manipulation with DWF Labs — WSJ
Binance has reportedly fired a member of its market-surveillance team who uncovered evidence of market manipulation by DWF Labs, one of the exchange’s high-profile clients.According to a Wall Street Journal report, the dismissed employee and his colleagues had identified instances of pump-and-dump schemes and wash trading by “VIP” clients, including DWF Labs.The market-surveillance team, which […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited
Image Source: Unsplash ASX: ASX LIMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED – ASX. We have determined that wave 2-red has ended, and wave 3-red can be opened to push higher.ASX: ASX LIMITED – ASX Elliott Wave Technical Analysis ASX: ASX LIMITED […]
Crude Oil Commentary – Thursday, May 9
Image Source: Unsplash Crude Stores FallOil prices are turning higher into the back end of the week with crude futures bouncing off support at 77.64. The catalyst behind the bounce was yesterday’s EIA inventories release which surprised to the downside. The group posted a drawdown of 1.4 million barrels over the prior week, taking total crude […]
Revenue Shortfalls From Philadelphia Soda Tax Getting Worse
In 2016, the City of Philadelphia imposed its infamous soda tax. Starting in January 2017, the city has collected 1.5 cents on every ounce of non-alcoholic carbonated beverages distributed for retail sale within Philadelphia’s city limits. When it passed the Philadelphia Beverage Tax (PBT), as it’s officially known, city officials were counting on it delivering […]
Get More Bullish On Gold & Gold Stocks
Image Source: Unsplash Gold is only two months into a 13-year breakout while the inflation-adjusted Gold price, an indicator for gold stocks, is approaching a breakout from a 45-year base.Gold stock valuations are at very low levels and could double during this cyclical bull market. The bull market in precious metals will accelerate when the stock […]
Two Trades To Watch: GBP/USD, USD/JPY Forecast – Thursday, May 9
Image Source: Unsplash GBP/USD falls ahead of the BoE rate decision BoE is expected to leave rates unchanged at 5.25% Could pave the way for a rate cut in the coming months GBP/USD falls below 1.25 The pound is falling for a third straight day amid USD strength and ahead of the Bank of England interest […]
