Category Archive: Finance, No picture
HP Stock Drops Amid Weak PC Sales, Market Challenges
Image Source: Unsplash HP’s (NYSE: HPQ) stock has been significantly impacted by weaker-than-expected performance in its PC sales division. Despite a modest increase in unit sales, HP fell short of analyst expectations, reflecting broader challenges within the global PC market.As the industry grapples with a stalled shipment recovery and the slow uptake of AI-optimized machines, HP’s financial […]
Simple Strategy That Works In This Bull Market
Image Source: Unsplash Watch the video from the WLGC session before the market opens on 26 Nov 2024 to find out the following: How can supply absorption be spotted during a market pullback? The textbook style setup every trader can easily apply. The buy-on-dip analogues in the past that traders could use as benchmarks in the current market environment. […]
Gold Prices Rise On Tariff Jitters; Upside Momentum May Remain Limited
Image Source: Unsplash Gold prices rose on Wednesday as investors fear that Trump’s tariff increases could result in trade war. Easing tensions in the Middle East after a ceasefire between Israel and Hezbollah dampened gold’s appeal. The next barrier for gold prices on COMEX remains around $2,700 per ounce as market waits for US PCE […]
FX Daily: Sticky Inflation To Keep Dollar Supported
Image Source: Unsplash The highlight of today’s session will be the release of the US October core PCE deflator, expected at 0.3% MoM. Even though the market has largely moved on from the US inflation story, a sticky reading will add to doubts that the Fed needs to cut in December after all. Expect the dollar to largely […]
AUD/USD Forecast: Australian Dollar Continues To Slump
Image Source: Unsplash During my daily analysis of the AUD/USD pair, I notice that this market is likely to continue to drop, given enough time due to the reason that every time we rallied, it seems like sellers are willing to jump in and crush this pair. All things being equal, this is a market that […]
Seeking Exposure To Nuclear Stocks? 2 Companies Worth A Look
Image Source: UnsplashZacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you’re interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.Let’s take a closer look at the ‘Nuclear’ theme and analyze a few stocks that the screen returned, such […]
Federal court declares Treasury sanctions on Tornado Cash unlawful
Key Takeaways A federal court ruled that OFAC’s sanctions on Tornado Cash’s smart contracts exceeded its power. The court found that Tornado Cash’s smart contracts cannot be classified as property of a foreign national or entity. Share this article A US federal appeals court has determined that the Treasury Department’s sanctions on crypto mixer Tornado […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Nov 27
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave I.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Bitcoin remains in an uptrend, with an impulsive rally. We are now in the fifth wave, which […]
Markets Mostly Up; Big Afternoon For Earnings
Image Source: UnsplashMarkets needed to fight off some early morning doldrums, closing in the green for three of the four major indexes today. The Dow and the S&P 500 both registered new all-time closes today, +0.28% and +0.57%, respectively. The Nasdaq grew by +0.63% while the small-cap Russell 2000 slid -0.73% on the session.We saw Case-Shiller home […]
Asia Morning Bites For Wednesday, Nov 27
Image Source: Unsplash Global Macro and Markets Global Markets: Monday’s dramatic rally in bond prices saw a mild reversion on Tuesday. 10Y yields were up 2bp to 4.30% while yields on the 2 year UST were down 1bp to 4.256%. This still leaves yields well off the highs seen in previous weeks. And we continue to […]
