Category Archive: Finance, No picture
Mainstream Fund Managers Jumping On The Gold Bandwagon
Image Source: Unsplash Big money managers are starting to jump on the gold bandwagon as inflation worries grow.Over the last few weeks, gold held its ground despite headwinds including a strong dollar and rising bond yields. Geopolitical tensions have supported safe-haven buying but it appears a new player is entering the market – hedge fund and […]
Chart Of The Day: Pilgrim’s Pride – Healthy Meat Alternative
Image Source: Unsplash The Chart of the Day belongs to the major chicken processor Pilgrim’s Pride (PPC). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
Elliott Wave Technical Analysis: Visa Inc. – Monday, April 22
Image Source: Unsplash V Elliott Wave Analysis Trading Lounge Daily Chart,Visa Inc., (V) Daily ChartV Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigZagPOSITION: Intermediate wave (4). DIRECTION: Bottom in wave (4).DETAILS: We are entertaining the idea of an Intermediate wave (3) in place, as the current correction, given its magnitude, seems to be paring up with the same degree […]
Bitcoin miners might pivot to AI after the halving — CoinShares
Bitcoin miners may shift their focus towards artificial intelligence (AI) in energy-secure locations following the blockchain’s quadrennial halving, according to a report by digital asset manager CoinShares.The halving, which occurred on Friday evening, slows the rate of growth in bitcoin supply by 50%, potentially leading miners to seek alternative revenue streams.CoinShares noted that mining companies […]
This Week: Big Tech Earnings To Influence Nasdaq 100?
Image Source: Unsplash The NAS100 index has fallen in six of the past 7 weeks, as markets push back bets for Fed rate cuts in 2024. Note that, riskier assets (including stocks) tend to rejoice at the thought of US interest rates moving lower. Hence, such joy has swiftly eroded in light of stubbornly high US […]
Poland’s Labor Market Remains Tight
Image Source: Pexels In March, Polish enterprise sector wages rose by 12% YoY, close to the consensus and slightly weaker than a month prior. The high growth most likely reflects the significant minimal wage increase in 2024 and tight labour market conditionsHigh minimal wage growth and strong bargaining power among workers resulting from Poland’s tight labour market conditions have […]
Crypto funds see $206 million in weekly outflows led by US Bitcoin ETFs: CoinShares
Crypto exchange-traded products (ETP) experienced $206 million in outflows last week and a decrease of $18 billion in trading volume, reveals a report by asset management firm CoinShares. Bitcoin (BTC) products represent 28% of the trading volumes, a drop from 55% a month earlier.James Butterfill, CoinShares’ head of research, stated that this trend indicates a […]
Verizon Reports $1.15 EPS For Q1, Optimistic Guidance For 2024
Image Source: Unsplash Verizon Communications Inc. (NYSE: VZ) has started 2024 with financial resilience and strategic growth, particularly in its wireless service revenue and broadband momentum. The first quarter of the year saw the company achieving a slight uptick in operating income, reaching $33.0 billion, marking a 0.2 percent increase from the same period in 2023. Total Wireless […]
Galxe DAO proposes to change token symbol from ‘GAL’ to ‘G’
Galxe DAO has put forward a proposal to change its token symbol from ‘GAL’ to ‘G,’ as part of a broader token contract migration effort. The proposal, introduced by community contributor Steven Lei last Wednesday, seeks to solidify the organization’s brand identity, reduce confusion in the crypto market, and enhance community involvement. The Snapshot vote […]
China Kept Interest Rates At Lows
Image Source: Pexels On Friday, the Dow Jones (US30) Index gained 0.56% (for the week -0.23%), while the S&P 500 (US500) Index fell by 0.88% (for the week -3.54%). The Nasdaq Technology Index (US100) closed negative 2.05% (for the week -6.11%). The S&P 500 (US500) fell to a one-month low, and the NASDAQ (US100) fell to a 2-month low. Weak corporate news and rising geopolitical risks weighed on stocks.The latest […]
