Category Archive: Finance, No picture
FX Daily: Geopolitics Just Another Reason To Hold Dollars
Image Source: Unsplash If US exceptionalism and the potential for a second Trump administration weren’t enough to hold dollars, geopolitics and events in South Korea yesterday only add to the argument. Expect the market to keep one eye on Korea today, but also take note of central bank speakers and US data. In the CEE, we see […]
Oil Prices Rise As OPEC+ Extensions Boost Sentiment, But Gains May Be Capped
Image Source: Unsplash Oil prices extend gains on Wednesday as rising tensions in the Middle East raise supply concerns. American Petroleum Institute reported crude oil inventories in the US rose unexpectedly last week. OPEC+ is expected to extend production cuts, but oil prices may remain neutral following the decision. Oil prices extended gains from the […]
Meta Becomes Latest Tech Giant To Embrace Nuclear Power With Open Arms
Image Source: PixabayWe wrote back in early November that Mark Zuckerberg reportedly told META workers that plans to build an AI data center powered by nuclear energy were scrapped after rare bees were discovered on the proposed site.Now it looks like things could be back on track, according to new reporting from Axios, who writes that Meta is joining industry heavyweights […]
Elliott Wave Technical Analysis: Vechain Crypto Price News For Wednesday, December 4
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartVechain/ U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave (I) of ImpulseWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3.Vechain/ U.S. dollar(VETUSD)Trading Strategy: VeChain remains in an uptrend with an impulsive rally. We […]
JOLTS Posts Bigger Numbers; CRM, OKTA Beat In Q3
Image Source: UnsplashIt’s deja vu all over again, to quote the great Yogi Berra. The S&P 500 and the Nasdaq have once again notched new closing highs this afternoon, and for the third session in a row. That said, the S&P rally does look a bit long in the tooth, as the new record high is […]
TRON jumps 85% to new record high, market cap tops $36 billion
Key Takeaways TRON’s TRX token soared to an all-time high of $0.43 with a 85% single-day increase. TRX’s market value surged from $19 billion to $36.7 billion in 24 hours. Share this article Tron’s TRX token staged a sunshine comeback, exploding 85% within a day, shattering its previous high of $0.23, and soaring to a […]
Volatility May Be Due To Increase Significantly Starting Tomorrow
Image Source: Unsplash10-year rates increased today by roughly four bps to close at 4.23% following a stronger-than-expected JOLTS report. The report overlooked healthy, in my view, with the layoffs in October lower and the number of quits moving higher. One would think that if people quit their jobs, they have found a better one. Tomorrow, we […]
We Need To Tick One More Box To Unleash The Bulls
Image Source: UnsplashThe rubber’s not hitting the road right now. Stocks are still hanging around their all-time highs, while the Nasdaq has yet to register a new one in a couple of weeks. For a while now, I’ve been looking for a new high there to confirm the way’s clear for the bulls to run.In other […]
Stocks And Precious Metals Charts – The Implications Of The Incarnation
Image Source: UnsplashStocks wallowed around today, digesting their recent gains.Gold bounced up a bit, and silver rallied quite impressively.Powell speaks tomorrow, and there will be a Non-Farm Payrolls report on Friday.VIX is near to lows that lately have suggested complacency, and a precursor to a correction.I still cannot believe the things that I am seeing and […]
