Category Archive: Finance, No picture
Elliott Wave Technical Analysis: Apple Inc. – Monday, March 11
Image Source: Unsplash AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 11 March 2024Apple Inc., (AAPL) Daily ChartAAPL Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: Corrective STRUCTURE: FlatPOSITION: Minor wave 2. DIRECTION: Completion of wave {c} of 2. DETAILS: We are looking at further downside in what could be a corrective wave 2, but we do not […]
US Dollar Trades Flat As Fed Starts Blackout Period
The US Dollar (USD) is starting the week at a slow pace, not really making any waves on Monday. However, the Greenback is set for a very firm data-driven regime this week as there will be no US Federal Reserve (Fed) officials speaking. This is because the Fed’s blackout period has started ahead of the […]
Natural Gas: Market Stabilizes Amidst Noise And Long-Term Outlook
Over the past few days, the natural gas markets have somewhat retreated; however, on Friday morning, the market appeared to have slightly stabilized. That being said, I think there is a lot of noise just waiting to happen, and therefore I think you have to look at this as a longer-term market. Natural GasAs you […]
Bitcoin rockets above $71,000, surpasses silver in market cap
Bitcoin (BTC) crossed the $71,000 threshold today, setting a new all-time high ahead of the anticipated halving event, according to CoinGecko’s data. At press time, BTC is trading at around $71,400, up almost 3% in the last 24 hours. Bitcoin’s market cap now exceeds $1.4 trillion, overtaking silver as the eighth largest asset by market […]
USD/JPY Continues Losing Streak On Firm Bets Over BoJ Quitting Negative Rates
The USD/JPY extends its losing spell for the fifth trading session on Monday. The asset drops 146.70 on broader weakness in the US Dollar and rising expectations for the Bank of Japan (BoJ) exiting its expansionary interest rate stance in the March monetary policy meeting.BoJ policymakers have indicated that a positive wage cycle will continue for a […]
Elliott Wave Technical Analysis: Soybeans
Image Source: Unsplash Soybean Elliott wave Analysis- recovery before fresh sell-off?Soybean’s trajectory in March has been marked by a semblance of recovery. Yet, within the larger context of its wave sequences, this upturn is merely a fragment of an overall bearish trend. Following this corrective rebound, it’s anticipated that the commodity will continue its descent towards […]
The Commodities Feed: Gold Nears $2,200/oz
Image Source: Unsplash Gold is trading higher on Monday morning after rallying almost 5% last week. On Friday, prices reached fresh record highs on expectations the Federal Reserve will cut interest rates this year. Metals – Gold surges to fresh record highsGold prices jumped on Friday to trade just below $2,200/oz before giving back some of the gains […]
Bitcoin Rockets Past $71K, Sets A New ATH As Bitcoin Dogs ICO Approaches $10M
Bitcoin (BITCOMP), the pioneer cryptocurrency, has soared to unprecedented heights, smashing through the $71,000 barrier and setting a new all-time high (ATH) at $71,525.75.UnsplashThe surge comes amidst a fervent buying spree, with Bitcoin’s price skyrocketing by 3% within a single hour during Europe’s Monday morning trading session.This remarkable rally underscores the resurgent bullish sentiment gripping […]
Bitcoin Soars Past $71k To New All-time High, Will It Hit $100k In 2024?
Bitcoin has obliterated all previous benchmarks to set a new all-time high of $71,092 on the Bitstamp exchange.This unprecedented surge comes at a time when the cryptocurrency industry is witnessing increased mainstream adoption and a significant influx of investments from both retail and institutional players. Bitcoin ETFs shineThe achievement follows the approval of several spot Bitcoin […]
Japan Avoids A Technical Recession, But GDP Disappoints
Japan’s fourth quarter GDP was revised up to avoid a technical recession, and yet it still missed market expectations. We believe sluggish private consumption should remain a concern for the BoJ in order to change its policy direction. We therefore see a higher chance of a policy change in April than in March.BingStrong exports and non-residential investment led the […]
