Category Archive: Finance, No picture
USD/CAD Recovers Soft US Inflation-induced Losses From 1.3600
The USD/CAD pair rebounds sharply after falling to near the round-level support of 1.3600 in Wednesday’s New York session. The Loonie asset recovers as poor Canadian Manufacturing Sales data weakens the Canadian Dollar.Earlier, the major faced selling pressure as the US Dollar tumbled after the United States (US) Bureau of Labor Statistics (BLS) has reported that the […]
Dell Climbs 73% YTD, Eyes AI Hardware Boom
Image Source: Unsplash Vertiv: Soared 670% since April 2023; bullish outlook with an expected slight decline. Dell Technologies: Up 73% YTD, facing potential AI-driven hardware demand surge. Prologis: Pivoting to data centers, showing a promising 22% upside from AI investments. As the technology-driven market rally pushes forward, many predict it will eventually lose momentum. Yet, […]
Cisco Systems Inc.To Report Q3 After Market Close, What To Expect
Cisco to release Q3 earnings on May 15; analysts expect lower EPS and revenue amid focus on key business segments, acquisitions, and future outlook.Cisco Systems Inc. (NASDAQ: CSCO), a global leader in networking and communication equipment, will announce its fiscal third-quarter earnings results on May 15, 2024, following the close of market trading. As a bellwether for […]
TRON DAO at Cornell Blockchain Conference
Geneva, Switzerland, May 15, 2024 – TRON DAO, a platinum sponsor at the Cornell Blockchain Conference, recently showcased its leadership at Cornell Tech on Roosevelt Island. The event attracted over 800 participants, including students, academics, and industry leaders, highlighting TRON DAO’s commitment to blockchain education and community interaction. Many of these participants visited the TRON […]
Elliott Wave Technical Analysis: Analog Devices Inc. – Wednesday, May 15
Image Source: Unsplash ADI Elliott Wave Analysis Trading Lounge Daily ChartAnalog Devices Inc., (ADI) Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {iii}.DIRECTION: Upside in Minute {iii}. DETAILS: Looking for Medium Level at 250$ to be the next strong resistance as we are trading within MG1. ADI Elliott Wave Analysis Trading Lounge 4Hr Chart,Analog Devices Inc., […]
US CPI Data: Is There Upside Left In The S&P 500?
S&P 500 is slated to open in green today after the U.S. Bureau of Labour Statistics said inflation was up in line with expectations in April. S&P 500 could hit $5,400 level in 2024Versus a year ago, the consumer price index (CPI) stood at 3.4% last month versus at 3.5% in March. The inflation data today may create more room […]
Precarious: One Misfortune Away From Insolvency
Image Source: Pexels We can summarize the changes in our economy over the past two generations with one word: precarity, as life for the bottom 90% of American households has become far more precarious over the past 40 years, despite the rising GDP and “wealth” as measured in phantom capital.This reality is expressed in the portmanteau word precariat, combining […]
Best Foundational Stocks
Image Source: Pexels We help investors build the foundation of their portfolios with the best US foundational stocks by sector. If all goes well, you should buy these shares at the beginning of your portfolio and keep them forever. Which ones play this role for you? Let us know! You’ll Learn Before we start let’s cover […]
PBoC Kept The Interest Rate Unchanged
Image Source: Pexels At the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the S&P 500 Index (US500) gained 0.48%. The Nasdaq Technology Index (US100) closed positive 0.75%. The S&P 500 (US500) hit a 5-week high and the Nasdaq (US100) hit a 1-month high. Stocks rose on lower bond yields due to dovish comments from Fed Chair Powell, who said he did not […]
Two Trades To Watch: EUR/USD, USD/JPY Forecast – Wednesday, May 15
Image Source: Unsplash EUR/USD rises ahead of US inflation data, Eurozone GDP figures US CPI is expected to cool to 3.4% YoY in April from 3.5% Eurozone GDP is expected to confirm 0.3% growth EUR/USD is attempting to break out of its falling channel EUR/USD is extending gains for a third straight day as the US […]
