Category Archive: Finance, No picture
5 U.S. Penny Stocks To Buy Now For Short-Term Gains
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: Pexels Penny stocks are among the most popular assets among day traders because of their substantially lower prices compared to big companies like Berkshire Hathaway and Amazon. They are also high-risk investments, as […]
Is A 500% Rally In Interest Rates Enough, Or Will Rates Continue Higher?
Image Source: Unsplash US Treasury bond yields have been moving higher for the past 4 years.Furthermore, the rally marks the largest 200-week rally in 10-year yield history. Wow!So today, we ask, are yields tired after this big run-up? Is it time for a pullback?Today’s chart highlights the 564% rally over the past 200 weeks. Incredible.So it seems likely […]
XRP Price Typically Explodes During This Time Frame After Bitcoin Halving
Image Source: Unsplash The much-anticipated Bitcoin halving took off on Friday, April 19, 2024, a little after 8:09 p.m. (UTC). ViaBTC mined the 840,000th block on the Bitcoin network to reduce the rate of Bitcoin created every 10 minutes to 3.125. Prior to the event, market analysts and commentators discussed the price impact of the previous halvings with Digital […]
FTSE On The Front Foot As MIddle East Tensions Recede
Image Source: Pexels London stocks had a strong start to the week, rebounding from the previous week’s selloff. The easing tensions in the Middle East and anticipation around upcoming economic data likely contributed to the positive sentiment. It’s interesting to note the performance of different sectors, with life insurers seeing gains while precious metal miners experienced […]
Bank Of England Set To Cut Rates Before The Fed As Officials Turn Dovish
Image Source: Pexels The Bank of England is right to draw a distinction between the UK and US inflation outlook, and we expect the first rate cut to be in August or maybe even June. Sterling could come under greater pressure, but we think this is less of a concern for the BoE now than it […]
Celo opts for Optimism as it transitions to L2
After an extensive eight-month evaluation process, cLabs, the development team behind the Celo blockchain, has officially proposed using Optimism’s OP Stack for its transition from a standalone blockchain to an Ethereum-based layer 2 network. ✨A very special 4th anniversary of Celo mainnet’s launch! cLabs Proposes Migrating Celo to an Ethereum L2 leveraging the OP Stack. […]
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 […]
