Category Archive: Cryptocurrency, No picture
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 […]
As The Market Churns
Image Source: UnsplashStocks managed to grind their way higher on the day, while rates and the dollar rebounded from yesterday’s declines. The price action in the stock market has been strange, and I can only attribute that to some internal rotation. Yesterday, small caps and the S&P 500’s equal weight were strong. Today, these parts of […]
Gold Is Most Uncorrelated Asset, Bitcoin Is Most Correlated Asset
Image Source: UnsplashHistory shows Gold is the most uncorrelated asset, even more so than Bonds. Meanwhile, Bitcoin is the most correlated asset of all time, despite proclamations to the contrary.Video Length: 00:09:49More By This Author:Gold And Silver Still Near Ground Floor Opportunity Gold Will Double Or Triple If They Monetize Debt In Trump’s Term Understanding Gold […]
US Stocks Rocketed To New All-Time Highs
Image Source: UnsplashMARKETSUS stocks have rocketed to new all-time highs, fuelled by easing geopolitical tensions and a robust 5-year Treasury auction that attracted the highest level of direct bidding in a decade. This surge comes as US investors deftly navigate the tremors of recent tariff announcements. Moreover, the latest Federal Reserve minutes have subtly bolstered expectations […]
Top 2 Retail Stocks To Buy Ahead Of Black Friday
Image Source: Unsplash A recent Goldman Sachs survey suggests consumers will likely spend more on holiday shopping this year compared to 2023.But not all retailers are built the same.Historically, certain retailers experience a more significant boost during the holiday season.With that in mind, two retail stocks stand out as particularly attractive investments ahead of Black Friday.Both […]
Trump administration proposes shifting crypto oversight to CFTC
Key Takeaways The Trump administration plans to shift crypto oversight to the CFTC, expanding its authority. The move aims to reduce the SEC’s power over digital assets, providing regulatory clarity. Share this article The incoming Trump administration plans to expand the Commodity Futures Trading Commission’s authority by granting it oversight of a significant portion of […]
The “Turkey Trade” Has Stocks Spinning Their Wheels
Image Source: Unsplash This trading pattern isn’t uncommon at this time of year as volume slackens a bit. Stocks are consolidating near their highs, while more tech stocks begin to behave bullishly. Disinflation is the name of the game, and that’s usually a good environment for stocks, especially Apple (AAPL) and Amazon (AMZN).The big exception here […]
