Category Archive: Finance, No picture
EURJPY : 1:5 Risk/Reward Target Hit
Image Source: UnsplashOn November 14 2024 I posted on social media @AidanFX the EURJPY bearish scenario. The pair entered a bearish supply zone (Pink Box) signalling for a possible move lower. Added bearish/selling confirmations were previous support level (Dark Blue) was acting as a resistance level, a bearish reciprocal AB=CD market pattern (Light Blue) terminated point […]
Elliott Wave Technical Analysis: AAVE Token Crypto Price News For Wednesday, Nov 20
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: Wave (III) of ImpulseWave Cancel invalid Level: 125.280Details: The five-wave likely goes up to test 492 LevelAAVE/ U.S. dollar(AAVEUSD)Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 19
Image Source: UnsplashThe markets stayed fairly cleanly within the parameters in last night’s analysis. The strong swing higher was very impulsive which is what I am/was looking for. I update the labeling to reflect the completion of the minuet 2nd waves. I also update the initial Fib levels for the 3rd waves up. And I also […]
Michael Saylor to present Bitcoin investment strategy to Microsoft’s board
Key Takeaways Michael Saylor will present a Bitcoin investment strategy to Microsoft’s board. The board previously argued that Microsoft already evaluates various assets, including Bitcoin, and that their current focus is on stability and minimizing risk. Share this article Michael Saylor will share his insights on Bitcoin investment strategies in a three-minute presentation to Microsoft’s […]
Asia Morning Bites For Wednesday, Nov 20
Image Source: Unsplash Global Macro and Markets Global Markets: Despite Ukraine launching an ATACMS missile launch against a target inside Russia, and following the lowering of Russia’s nuclear response threshold, plus damage (deliberate?) to some undersea data cables linking Germany to Finland and Sweden, global markets held their nerve yesterday. US Treasury yields were little changed […]
CPA: A Higher-Yielding Airline In A Group Not Known For Juicy Dividends
Image Source: UnsplashIt was a week of different transportation methods: Cable cars, subway, historic streetcars, buses, airplanes, the Brightline train, Uber, Lyft, and self-driving taxis.The technology was vastly different among them all. My favorites were the two on either end of my spectrum — the cable cars and the self-driving taxis.One of the core principles of […]
Trump considers crypto lawyer Teresa Goody Guillén for SEC Chair
Key Takeaways Teresa Goody Guillén is being considered as SEC Chair in a potential Trump administration. Goody Guillén has support from the crypto industry due to her pro-crypto stance and SEC experience. Share this article President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a blockchain lawyer and former SEC attorney, to lead the SEC, […]
The Markets Are Looking For Stability… And They’ll Probably Find It
Image Source: Unsplash The markets were jolted this morning by the beat of war drums – an “update” to Russian nuclear doctrine said to be in response to Ukraine’s use of American missiles.This is only the latest setback for folks that have blindly chased the post-election rally. They’ve been feeling the pinch over the past week.But […]
U.S. Retail Earnings Update – Tuesday, Nov. 19
Image Source: Unsplash To date, 143 of the 194 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2024, representing 74% of the index. Of those companies that have reported their quarterly results, 62% announced profits that beat analysts’ expectations, while 5% delivered on-target results and 33% reported earnings that fell below estimates. […]
