Category Archive: Finance, No picture
Dollar Is Softer Ahead Of The Employment Report
The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counter-intuitively, the dollar has not often rallied this year into the employment data, but frequently has in response. The dollar is softer […]
Bitcoin Bearish Reversal Month Sets Up Possibility For Deeper Setback
The market pushed to a fresh record high in the month of March but at the same time it is important to acknowledge that we have seen a consecutive monthly gain and at this stage it’s possible the bearish reversal month in April sets up a possibility for a deeper setback and correction.Video Length: 00:00:48More […]
Coinbase And Block Inc.stock Prices Are Up, But Is The Crypto Party Over?
This morning, stock prices for cryptocurrency exchange platform company Coinbase Global Inc (COIN) are up almost 9% in pre-market trading.Meanwhile, cryptocurrency-focused financial services company Block Inc (SQ) (which allows clients to transact and invest in stocks using Bitcoin) has enjoyed a similar surge in price. The company’s stock price has shot up 5.18% today so […]
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test
Image Source: UnsplashThe post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX. Our call is for a slightly softer than consensus print at 210k, which can keep the dollar soft. In Norway, Norges Bank may have some reasons to […]
After Sharp Pullback, Where Does Gold Go Next?
Image Source: UnsplashEven when you know it’s coming at some point, the shock of a market sell-off like what we saw recently in gold is still unsettling. After seven weeks of dizzying gains with few interruptions, gold had gotten tremendously overbought. The good news as I write is that this medicine, while harsh going down, was […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 2
Image Source: UnsplashTonight I continue to update both the A and B version of the preferred count — The B version (more bullish) is reflected in the update —Video Length: 00:19:27More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, April 30Nasdaq […]
Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back
Crypto hardware wallet manufacturer Trezor announced today the discontinuation of the coinjoin feature in its Trezor Suite. The service, provided in partnership with zkSNACKs, the developer of the Wasabi Wallet, will cease by June. Despite the shutdown, Trezor assures users that funds within Coinjoin accounts will remain accessible. Coinjoin in Trezor will be shut down […]
Elliott Wave Analysis On EURJPY Expects Support Soon
Image Source: UnsplashShort Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally […]
Big Quarterly Beats After The Bell: AAPL, SQ, COIN & More
Image Source: PexelsMarket indices put up healthy numbers this Thursday. Following well-behaved Jobless Claims figures (but surprisingly worse Productivity/Unit Labor Costs), off a mostly down day Wednesday and a tough ride since Monday’s high, markets forged higher: the Dow gained +322 points, +0.85%, the S&P 500 was +0.91%, the Nasdaq up an impressive +235 points, +1.51%, […]
This Bull Trap Could Be Our Biggest Win Of The Week
Image Source: Unsplash Non-Farm Friday… Let’s Do This! Markets are bullish into the close, but I see (3) reasons why this Bull Trap might be our biggest win of the week!Everything’s bullish right now, but the charts are telling me this might be nothing more than a Bull Trap…Here are (3) Bull Trap setups I’m tracking […]
