Category Archive: Finance, No picture
3 Solid Mutual Funds To Buy Amid Rising U.S. Factory Orders
Image Source: Unsplash In February, durable goods orders increased 1.4% in the United States, bouncing back from a decline of 6.9% in January.Recent data from the Commerce Department’s Census Bureau shows a surge of 3.3% in orders for transportation equipment after a steep drop of 18.3% in January. Moreover, orders for metals and fabricated metals also […]
Bitcoin Dips To $70,162 Amid US Dollar Strength
The digital currency landscape saw minimal movement on Wednesday as Bitcoin, the cryptocurrency behemoth, experienced a slight downturn. Trading at $70,162.1, the asset showed resilience, albeit restrained by the formidable strength of the U.S. dollar. Despite a promising climb to $71,000 on Tuesday, the world’s premier cryptocurrency found its progress curtailed. Bitcoin Price Capped by Strong Dollar, […]
Elliott Wave Technical Analysis: The Walt Disney Company – Wednesday, March 27
Image Source: Pexels DIS Elliott Wave Analysis Trading Lounge Daily ChartThe Walt Disney Company, (DIS) Daily ChartDIS Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave (1).DIRECTION: Upside in wave 5 of (1).DETAILS: After a major bear market that lasted 3 years we have seen support on top of TL1 at 100$. As we are continuing higher we could […]
Bitcoin Breaches $71k As Hong Kong Poised To Approve Spot ETFs
Image Source: Pexels The approval of spot Bitcoin ETFs in Hong Kong is poised to be a game-changer for the cryptocurrency market, potentially serving as a significant catalyst for Bitcoin’s growth and adoption. As the Hong Kong Securities and Futures Commission (SFC) prepares to approve these innovative investment vehicles, the global financial landscape is on the verge of a transformative […]
Ethereum Commentary – Wednesday, March 27
Image Source: Unsplash ETH Recovery StallsEthereum Futures continue to hold around the mid-way point of the recent highs and the corrective low put in last week. The second-largest traded crypto asset by market-cap followed Bitcoin lower from recent highs as profit taking and speculative selling kicked in around the FOMC. A stronger US Dollar saw crypto […]
What’s Next For US Dollar After Recent Gains?
The major currency pairs like the EUR/USD are expected to have a quieter week following last week’s central bank bonanza, although the USD/JPY and yen pairs are likely to be more headline-driven amid repeated verbal intervention from Japanese officials – we may even see actual intervention if the yen were to weaken significantly further. For […]
Elliott Wave Technical Analysis: WTI Crude Oil – Wednesday, March 27
Image Source: Unsplash WTI Elliot Wave Analysis Function – Counter-trend Mode – Corrective Structure – Zigzag Position – Wave (b) of ‘y’Direction – Wave (b) of ‘y’ is still in playDetails – A pullback for (b) is happening as expected. Wave (b) is expected to find support at 80 -79 inside the blue zone. Wave (c) should begin from there. Since mid-December 2023, WTI has been ascending in a corrective manner. During this period, the commodity has […]
Crude Oil Poised For Bullish Breakout From Wyckoff Accumulation Pattern
Image Source: Unsplash Watch the video extracted from the WLGC session before the market open on 26 Mar 2024 below to find out the following: The key characteristics of the Wyckoff accumulation structure in crude oil The change of character to signal pending upside movement Why the current bullish flag could be a sweet spot and a lot more… […]
The Long Slog To REIT Recovery Is Starting Now
Image Source: Unsplash Real estate investment trust (REIT) values are inversely sensitive to rising interest rates. With the Federal Reserve starting the most rapid rate increase trajectory in history two years ago, REIT values have fallen by about 35% over the same two years.With interest rates likely to stay higher for longer, what are the prospects […]
Elliott Wave Technical Analysis: Euro/U.S. Dollar – Wednesday, March 27
Image Source: Unsplash EURUSD Elliott Wave Analysis Trading Lounge Day Chart, Euro/U.S.Dollar(EURUSD) Day Chart EURUSD Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: impulsive as C STRUCTURE: blue wave C POSITION: black wave Y of 2 […]
