New Record Highs For Cocoa, Bitcoin And Nasdaq 100. Who’s Next?
Cocoa returns above $12,000 for first time since April 2024 amid worsening West African crop Bitcoin surges above $107,000 following Trump’s national reserve comments Nasdaq jumps 1.45%, Alphabet, Tesla, Amazon gain Fed expected to cut rates on Wednesday 18 Cocoa surged beyond $12,000 per tonne, reaching its highest levels since April due to mounting concerns over West Africa’s mid-crop outlook. Dry conditions, […]
Daily Market Outlook – Tuesday, Dec. 17
Image Source: Pixabay Asian markets experienced mixed performance overnight, as investors await a series of interest rate decisions from central banks, including the Federal Reserve, scheduled for this week. Chinese equity markets showed modest gains. Reports suggest that Beijing aims to set a growth target of around 5% for the coming year, alongside increasing the budget […]
Stock Analysis: Bitcoin Well Inc.
Image Source: Pixabay Bitcoin Well Inc. (BCNWF) reported a solid Q3:24 led by strong growth at its Online Portal segment.As the adoption of cryptocurrency increases and more people want to participate in this asset class, we see a significant increase in the demand for Bitcoin Well’s (BTCW) products and services.(Read the PDF report in a full […]
Gold Trading Strategy Today – Tuesday, Dec. 17
Image Source: Pixabay Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:01:48More By This Author:Silver Trading Strategy, XAGUSD Analysis & […]
Elliott Wave Technical Analysis – NIKKEI 225 (N225) Index
NIKKEI 225 (N225) Elliott Wave Analysis – Day ChartNIKKEI 225 (N225) Elliott Wave Technical AnalysisTechnical Details Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 2 Details: Navy blue wave 2 appears complete; orange wave 1 within navy blue wave 3 is now in play. Wave Cancel […]
European Indices Under Pressure
Image Source: Pexels At the end of Monday, the Dow Jones Index (US30) declined by 0.25%. The S&P 500 Index (US500) added 0.38%. The Nasdaq Technology Index (US100) was up 1.45%. Top gainers included Alphabet (+4.4%), Tesla (+5.1%), and Broadcom, which soared after its market value surpassed $1 trillion last week. Apple and Alphabet hit new […]
AUD/USD Forex Signal: Falling Wedge Pattern Forms
Bullish View Buy the AUD/USD pair and set a take-profit at 0.6450. Add a stop-loss at 0.6300. Timeline: 1-2 days. Bearish View Sell the AUD/USD pair and set a take-profit at 0.6300. Add a stop-loss at 0.6450. The AUD/USD exchange rate remained on edge at a crucial support level after the relatively weak Chinese economic […]
Uranium Miners ETF Correction Should Find Support
The Global X Uranium ETF (URA) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Uranium & Nuclear Components Total Return Index. In this article, we will look at the long term technical outlook using Elliott Wave method. $URA Elliott Wave […]
Don’t Trust Antitrust
The Federal Trade Commission (FTC) recently blocked the merger of Albertson’s and Kroger, which are the two largest stand-alone grocery chains. Their theory is that the merger would be anti-competitive and cause higher grocery prices. We find this to be another epic failure on their part to understand the purpose of the Sherman Antitrust Act […]
German Ifo Index Signals Rough Times Ahead
Image source: Pixabay A weak Ifo index shows that German businesses have become more worried about the country’s growth outlook.The only good thing about Germany’s just-released Ifo index is that it is the final major macro indicator released this year. Time to take a breather and to end a year that will go down as the second […]
