Category Archive: Finance, No picture
Elliott Wave Technical Analysis: Analog Devices Inc. – Tuesday, April 23
Image Source: Unsplash ADI Elliott Wave Analysis Trading Lounge Daily ChartAnalog Devices Inc., (ADI) Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Minor wave 2 of (3). DIRECTION: Bottom in wave 2. DETAILS: Looking for support to be found within the end of MG2 at 180, we will start looking for long afte we finally find support on top of […]
GuildFi rebrands to Zentry with a 1-for-10 token split
Web3 gaming guild GuildFi has announced a strategic rebranding after securing $140 million in funding from notable investors including Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, and Hashed.According to the announcement, the rebranding marks a significant step in Zentry’s mission to create a universal Superlayer that will integrate games across all platforms into a single, […]
Ripple proposes $10M settlement to SEC’s $2B fine
Ripple has filed a court response to the Securities and Exchange Commission’s (SEC) pursuit of nearly $2 billion in fines, advocating for a different approach. In the filing dated April 22, Ripple proposed that the Court reject the SEC’s demands and instead impose a civil penalty not exceeding $10 million.Stuart Alderoty, Ripple’s Chief Legal Officer, […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Coles Group Limited
Image Source: Unsplash ASX: COLES GROUP LIMITED. – COL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COLES GROUP LIMITED. – COL. In our ASX Stocks Top 50 forecast service, we have accurately forecast a price decline from a high of around 17.15 down to […]
Fed Quiet Period, Tech Earnings On Deck, April Flash PMI
Photo by Markus Spiske on Unsplash While the Fed is in its quiet period ahead of the May 1 conclusion of its next policy meeting, the volume of quarterly earnings reports rachets higher today and will continue to do so later this week. By the end of it, roughly 40% of the S&P 500’s basket of companies will […]
Tesla Pre-Earnings Commentary – Tuesday, April 23
Tesla Earnings DueInvestors are bracing for the latest set of Tesla earnings today with stockholders looking to see whether this will be the third consecutive quarter of weaker-than-forecast earnings or if the company was able to rebound over Q1. Ahead of the release, Tesla shares have come under pressure amidst news that the carmaker has […]
Venezuela turns to crypto for oil trades under renewed US sanctions: Reuters
Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), is turning to crypto for its oil trades in response to renewed US sanctions that target the nation’s oil and gas industry, Reuters reported on Tuesday.As noted, PDVSA has been utilizing the stablecoin Tether (USDT) for oil exports since the previous year. By the end of […]
Will Tesla Break Through Key Weekly Support On Weaker Earnings
Image Source: Unsplash For some time now there have been some significant risks growing for Tesla as we approach their latest earnings after the close on Tuesday. Competing with established car manufacturers poses several risks for Tesla which critics have long cautioned against exuberance with Tesla stock.As more traditional automakers enter the electric vehicle (EV) market, […]
UPS’s Q1 2024 Earnings: $1.41 EPS Beats Expectations, Revenue Miss
Image Source: Unsplash UPS (NYSE: UPS) today reported its earnings for the first quarter of 2024, revealing a mix of challenges and resilience amid evolving market conditions.The company announced consolidated revenues of $21.7 billion, a 5.3% decrease from the $22.9 billion reported in the same quarter last year. Despite the revenue downturn, UPS’s adjusted diluted earnings per share (EPS) […]
Two Trades To Watch: FTSE, EUR/USD Forecast – Tuesday, April 23
Image Source: Unsplash FTSE rises to a record high as the GBP struggles around a 5-month low Rate cut optimism lifts FTSE & pulls GBP lower UK services PMI data expected at 53 vs 53.1 in March FTSE rose to an all-time high The FTSE has risen to a fresh record high, boosted by weakness in […]
