Category Archive: Finance, No picture
Bitcoin And Ethereum: Bitcoin Rises Above $47000 Yesterday
Bitcoin chart analysisYesterday, with a strong bullish consolidation, the price of Bitcoin jumped to the $47,281 level. This year’s new high was formed at that level. After that, we are looking at a slight pullback to support at the $46400 level. For now, Bitcoin is managing to hold above that support level, which could produce a […]
2024 Market & Economic Outlook
During the last week of December, I polled my Twitter followers for their outlook on the markets and the economy for 2024. The results were quite interesting, but before we look forward, we must look back at 2023 for context.Last year was not what the majority of mainstream economists and analysts predicted. Going into last […]
NASDAQ 100 Signal: Takes Off
There should continue to be plenty of volatility as larger traders are putting positions on for the year, and a lot of times this big money has to be scaled in. The NASDAQ 100 initially pulled back slightly during the trading session on Monday, but turned around right at the open in New York, to […]
Still Waiting For A Clear Risk-Off Signal At 2024’s Start
There’s no shortage of reasons to be cautious about the near-term outlook for markets, but reviewing trend behavior via several sets of ETF pairs continues to reflect a positive trend for risk assets through yesterday’s close (Jan. 8, 2023).To be fair, every trend hits a wall eventually, and it’s often difficult if not impossible to […]
Brent Is Stressed Again Triggered By The Saudi Arabia
Image Source: Unsplash For the last month and a half, the crude oil market has been under constant stress. Sentiment changes mostly because of the supply and demand forecasts. A Brent barrel price dropped to 75.65 USD yesterday.The decline was triggered by the decision of Saudi Arabia to decrease prices for its buyers starting in February, […]
New Home Unaffordability Rises Despite Lower Mortgage Rates
New homes became more unaffordable for the typical American household in November 2023. Even though mortgage rates dipped almost two-tenths of a percentage point from their October 2023 high, as expected, the median new home sale price rebounded by more than enough to offset both the potential reduction in mortgage payments from those lower rates and […]
Bitcoin Vs Ishares Bitcoin Trust ETF: Better Buy?
Bitcoin price staged a strong comeback on Monday as the countdown to SEC’s approval of a spot Bitcoin ETF continued. It jumped to a high of $47,000, its highest level since January 2022. It was also up by over 200% from its lowest level in 2022, making it the best-performing major asset in the market. The case […]
Elliott Wave Technical Analysis: Cardano/U.S. Dollar – Tuesday, Jan. 9
Photo by Executium on Unsplash Elliott Wave Analysis TradingLounge Daily Chart, 8 January 2024.Cardano / U.S. Dollar(ADAUSD)ADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave ADirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: 0.241Details: Wave (II) is Equal to 61.8% of wave (I) at 0.406Cardano/U.S. Dollar (ADAUSD) Trading Strategy: ADA’s rise appears to have […]
AUD/USD Outlook: Dollar On The Front Foot Ahead Of The US CPI
On Tuesday, the AUD/USD outlook took a bearish turn, influenced by a strengthening dollar as investors strategically positioned themselves in anticipation of the upcoming US inflation report. On Thursday, the US inflation reading will likely provide additional insight into the Fed’s policy outlook in the coming months. In Australia, November retail sales experienced the most significant […]
Asian Stock: Mitsubishi Motors
Company: Mitsubishi Motors CorporationBloomberg ticker: 7211 JPMarket cap: US$4,927mBackground: Mitsubishi Motors Corporation develops and manufactures passenger cars and their related parts. The Company has production facilities in Japan, Thailand, and other countries around the world. World Class Benchmarking of Mitsubishi Motors Profitable Growth rank of 2 was same compared to the prior period’s 2nd rank This is World Class […]
