Category Archive: Finance, No picture
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test
Image Source: UnsplashThe post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX. Our call is for a slightly softer than consensus print at 210k, which can keep the dollar soft. In Norway, Norges Bank may have some reasons to […]
After Sharp Pullback, Where Does Gold Go Next?
Image Source: UnsplashEven when you know it’s coming at some point, the shock of a market sell-off like what we saw recently in gold is still unsettling. After seven weeks of dizzying gains with few interruptions, gold had gotten tremendously overbought. The good news as I write is that this medicine, while harsh going down, was […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 2
Image Source: UnsplashTonight I continue to update both the A and B version of the preferred count — The B version (more bullish) is reflected in the update —Video Length: 00:19:27More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, April 30Nasdaq […]
Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back
Crypto hardware wallet manufacturer Trezor announced today the discontinuation of the coinjoin feature in its Trezor Suite. The service, provided in partnership with zkSNACKs, the developer of the Wasabi Wallet, will cease by June. Despite the shutdown, Trezor assures users that funds within Coinjoin accounts will remain accessible. Coinjoin in Trezor will be shut down […]
Elliott Wave Analysis On EURJPY Expects Support Soon
Image Source: UnsplashShort Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally […]
Big Quarterly Beats After The Bell: AAPL, SQ, COIN & More
Image Source: PexelsMarket indices put up healthy numbers this Thursday. Following well-behaved Jobless Claims figures (but surprisingly worse Productivity/Unit Labor Costs), off a mostly down day Wednesday and a tough ride since Monday’s high, markets forged higher: the Dow gained +322 points, +0.85%, the S&P 500 was +0.91%, the Nasdaq up an impressive +235 points, +1.51%, […]
This Bull Trap Could Be Our Biggest Win Of The Week
Image Source: Unsplash Non-Farm Friday… Let’s Do This! Markets are bullish into the close, but I see (3) reasons why this Bull Trap might be our biggest win of the week!Everything’s bullish right now, but the charts are telling me this might be nothing more than a Bull Trap…Here are (3) Bull Trap setups I’m tracking […]
SEC will classify ETH as security and reject spot Ethereum ETFs, says Michael Saylor
Michael Saylor believes that the US Securities and Exchange Commission (SEC) will label Ethereum as a security this summer and consequently deny all spot Ethereum ETF applications. He also claimed that other major cryptos like Binance Coin (BNB), Solana (SOL), Ripple (XRP), and Cardano (ADA) will likely face similar security classifications from the SEC. “Ethereum […]
Asia Morning Bites For Friday, May 3
Image Source: UnsplashGlobal macro and markets Global Markets: US Treasury yields continued to decline on Thursday ahead of today’s US non-farm payrolls release. There is some market speculation that Fed Chair Powell hinted at a weak payroll number at the recent FOMC meeting. This may be helping to push yields lower. 2Y yields fell 8.7 basis points, while the yield […]
NFP: The Ultimate Litmus Test For Doves Vs. Hawks And A Central Bank Intervention Masterclass
Image Source: UnsplashUS nonfarm payrolls will undoubtedly be the focal point of upcoming data releases. The estimated figure stands at 241k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year. This anticipated decrease suggests a potential softening in the labour market, which could impact market sentiment […]
