Category Archive: Finance, No picture
Indicators Are Suggesting A Stock Market Reversal May Be Coming
Image Source: UnsplashStocks were pretty flat today, and we were in a boring sideways session. There is little to say besides that the index is hitting resistance around the 78% retracement level and the 5,198 gap has been filled. A trend line that runs across the tops of the end of April also appears to be […]
The Outlook For Rate Cuts & The Risks To Markets
Image Source: PexelsHere’s an interview I did with Oliver Renick on the Schwab Network from Wednesday discussing the macro outlook and the risks in the coming 12 months.My baseline assumption is that growth will continue to moderate in the 2-3% RGDP range and the disinflationary trend will persist thru year-end, albeit at a lower rate than we […]
Asia Open: US Inflation Data In The Market Purview
Image Source: PexelsMARKETSWith next week’s pivotal US inflation data looming, we’re witnessing a stall in stock market momentum and an uptick in US Treasury yields. This shift comes amid murmurs of hawkish sentiment from Fed speak. Indeed the mind games intensify even further as investors cling to their rate cut hopes, more so with the Federal […]
These Fakeout Breakouts Could Double Our Profits On Thursday
Image Source: Unsplash Great work today – let’s do it again tomorrow! I see 3 clues on the charts tonight, telling me these Fakeout Breakouts could be easy money on Thursday – are you seeing this too?Markets were choppy and range-bound into the close tonight…Choppy ranges might seem hard at first, but there’s easy money hidden […]
FTX creditors seek repayments at current market rates
Bankrupt crypto exchange FTX unveiled yesterday a new plan to pay out at least 118% of recognized claims to 98% of its creditors. However, the plan faces pushback from Sunil Kavuri, who speaks for the largest group of creditors. Kavuri has called for a rejection of the proposed restructuring, arguing that repayments should reflect the […]
GBP/USD Holds Below 1.2500 Ahead Of BoE Rate Decision
Image Source: Unsplash GBP/USD trades on a softer note near 1.2495 in Thursday’s early Asian session. Fed’s Collins emphasized the need to stay higher for longer, as it will take longer than previously thought to bring inflation down. The BoE is widely expected to keep its policy rate unchanged at 5.25% on Thursday. The GBP/USD pair remains on the defensive around 1.2495 on […]
Nexo unleashes $12M token airdrop
To celebrate its 6th birthday, Nexo has unveiled its biggest-ever airdrop – The Hunt for $12M in NEXO *. Participants get points on the Nexo platform through top-ups, earning interest, crypto-backed credit, and trading spot and futures**. The airdrop campaign launches today, May 8, 2024, and ends on July 6, 2024. $12M in NEXO Tokens* will […]
Elliott Wave Perspectives On S&P 500 & Nasdaq100
Image Source: UnsplashToday’s Stock Market Overview: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Elliott Wave Analysis Indices: Nasdaq 100 and SP500 Wave (iv) of i) of 3 of (5) of 3). Waiting for the top of Wave i) and then the (a) (b) […]
Current Analysis: United Microelectronics
Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Founded in 1980, United Microelectronics (UMC) is the world’s third-largest dedicated chip foundry, with a 7% market share in 2023 after TSMC and GlobalFoundries.UMC’s headquarters are in Hsinchu, Taiwan, and it operates 12 […]
House passes resolution overturning SEC rule on crypto and digital asset custody
The US House of Representatives has passed Representative Mike Flood’s (NE-01) bipartisan H.J.Res. 109, which aims to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 under the Congressional Review Act (CRA).The resolution seeks to protect consumers by removing roadblocks that prevent highly regulated financial institutions and firms from acting as custodians […]
