The U.S. economy continues to surprise: Morning BriefRetail sales go boom in JanuaryFor months now, the U.S. economy has performed better than expected.
Are Higher Bond Yields Spoiling The Risk Rally?Astonishingly upbeat economic data out of the US failed to send equity benchmarks higher on Wednesday.
Bitcoin could hit $250,000 if U.S. companies opt to do this, says Cathie WoodCathie Wood, the chief executive of ARK Invest and manager of the popular ARK Innovation exchange-traded fund, said that a single bitcoin could be valued at $200,000 more than its current price if more corporations added the cryptocurrency to their balance sheets.
The man who created Reddit’s WallStreetBets isn’t who you think he is. THE MAN WHO CHANGED EVERYTHING!He is 39 years old. He lives in Mexico City with his wife, a physician, and spends his weeks chasing after their 3-year-old twins and tending to his day job as a consultant—hardly the sort of character one might associate with the roiling investing forum.
Bitcoin’s $50,000 FOMO Is Overpowering BankersJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price has shot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’s reported profit margins of 20%.
Bitcoin Nears $1 Trillion Value as Crypto Jump Tops Other AssetsBitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold.
Elon Musk Is Again the World’s Richest Person After SpaceX RoundElon Musk is back on top. $199.9b.
Credit Suisse Is Pushing for Full Control of China VentureCompany during the last year oversaw a 24% rise in profit to $4.5 billion in his region.
Five Things You Need to Know to Start Your DayBiden goes easy on Germany's Nord Stream 2 effort, U.S. lawmakers grilled some high-profile characters from January's GameStop frenzy and Uber awaits a landmark decision in Britain's top court. Here’s what’s moving markets.
Wall Street Embraces Bitcoin, But is That a Good Thing?More than ever, Wall Street continues to represent lost social mobility. Its Bitcoin foothold may exacerbate this
JPMorgan Joins Choir Warning of Tether’s Sway on Crypto MarketsQuestions about the influence of Tether continue to swirl in cryptocurrency markets, even as the companies behind it defend the so-called stablecoin’s soundness.
On a very short 15m time the price of ZKIN is still in strong uptrend as it manages to hold above 20 EMA while the dips to 50 EMA are getting immediately bought. As long as the price doesn’t break below 50 EMA, which is currently located at $8.00, the price of ZKIN should see a breakout all the way possibly to $10! However there is still psychological resistance resistance at $9.00, a break of this level is likely to bring extended gains to bespoken two digits price! Trend line support is located at 50 EMA, $8.00. A break below this level is expected to correct the price to $7.00 as the price is currently very volatile. Trend of higher highs is located at $8.60 MACD fails to give a proper signal by changing from buying to a selling way and the other way around often. RSI failed to break above 60 and is currently seeking support. There is a slight bearish divergence on RSI as it’s trending lower, trend of lower highs while the price is printing higher highs. This divergence is pointing to a correction.
Why Gold Is Underperforming When Compared To The Other Precious MetalsIt’s relatively easy to see when we look at recent activity in the precious metals complex that at least recently, gold has been lagging behind gains seen in the other three precious metals.
Elliott Wave Count Prediction For The Conclusion Of The Rally In BitcoinElon musk gave more than a tweet to boost Bitcoin price with the announcement yesterday that Tesla would invest $1.5 billion into Bitcoin and may soon begin accepting Bitcoin as a payment method.
Weekly Technical Market Insight: 22nd – 26th February 2021The US dollar, as measured by the US dollar index, settled last week mostly unmoved, establishing what many technical analysts refer to as an indecision candle (albeit with a slight edge to sellers).
Two NYC bars are for sale — asking price is 25 bitcoinA long-time restaurant owner in New York City is looking to sell his two bars for bitcoin. Patrick Hughes put his side-by-side bars in Manhattan’s Hell's Kitchen neighborhood, Scruffy Duffy's and Hellcat Annie's, up for sale in January.
Bill Gates on sustainable investing: 'There's probably some Teslas out there'Bill Gates has a net worth of nearly $124 billion, according to Forbes. One way he's putting some of that money to work is an investment effort to spur the private sector towards green innovation as a means to combat climate change.
A 2020 Winner in Asia’s Stock Market Is Now the Biggest LoserWhile technology stocks continue to front Asia’s equity rally, one hot sector from 2020 has fallen to the bottom of the leaderboard: health care.
What Is Next For Silver/Gold? Follow Treasuries and CommoditiesOne key aspect we found very interesting is how Silver recovered moderately slowly in 2009~10 before launching into an incredible breakout rally in late 2010.
The Week Ahead – Economic Data and Capitol Hill in FocusIt’s a relatively busy week ahead on the economic calendar. COVID-19 news and progress towards a U.S relief package will also influence the markets.
Global Financial Markets Steady Early Monday Amid Rising Global Bond YieldsWe’re looking at a slow start to the financial markets on Monday with shares in Asia muted as traders assess rising global bond yields and fresh data showing that some vaccines reduce transmission of COVID-19. Currencies were mostly steady, suggesting investors haven’t committed to a “risk-on” or “risk-off” scenario yet.
SP500 Analysis – A Pullback on its Way?No doubt, the SP500 is in a long-term bullish trend till we have low interest rates and Fed supports the market. But, what about the short-term tendency?
Barrick And Buffett – A Different PerspectiveThe roundtrip is now complete and the entire voyage took less than a year. When Berkshire Hathaway acquired nearly 21 million shares of Barrick Gold in Q2 of 2020, people took notice.
2 timeless lessons for investors from the past year: Morning BriefThings can go badly fast, but the market will look forward
Stock market news live updates: Stocks fall as yields rise, inflation concerns mountStocks fell Monday while commodity prices rallied, as rising Treasury yields and expectations of higher inflation weighed on equity prices.
FOMC Minutes Disappoint Gold BullsThe recent FOMC minutes are hawkish and negative for the price of gold, but the Fed will remain generally dovish for some time.
Asia-Pacific Shares Led Lower by China Weakness, Rising Rate FearsJapanese shares jumped on Monday, as optimism on economic recovery from the pandemic prompted fresh buying in materials, and travel-related stocks.
Robots on Wall Street Wrestle With Confusing World of RedditRocket emojis for stock gains. “Tendies” as slang for profits. GIFs with company tickers.
Tesla scores about $1 billion in profits from Bitcoin: Wedbush's Dan IvesTesla's (TSLA) investment in Bitcoin (BTC-USD) has garnered the electric vehicle company about $1 billion in profits — at least on paper, according to estimates from Wedbush Securities Managing Director Dan Ives.
Banker Bonuses Always Send a Powerful MessageThe ECB is right to rein in Deutsche Bank’s 2020 rewards, but Wall Street and London will try to exploit any sign of curbs on top-level European pay.
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Why Are Tech Stocks Falling?The Nasdaq 100 has just recorded its longest losing streak since October, having declined for 5 consecutive days.
Post-Pandemic Pessimism: Monetary and fiscal stimulus won’t restore a healthy world economy.Last week I argued that the right focus for fiscal stimulus was to support businesses unable to operate during the pandemic in order to protect jobs. In several European countries, aid of that kind has so far amounted to around 10% of GDP. But as restrictions gradually ease, the need for fiscal support will diminish.
Bitcoin Tumbles Below $50,000 as Caution Sweeps Over CryptoBitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets.
Lithium Prices Soar As Tesla, Apple And Google Fight For SupplyThe electric vehicle (EV) revolution is gaining serious momentum. According to experts’ projections, demand for electric vehicles should rise at a 21.1% Compound Annual Growth Rate (CAGR) until 2026.
Dow, Tech Stocks Slash Losses On Powell Comments; Nio, Tesla Try To RecoverThe Dow Jones Industrial Average briefly fell more than 300 points Tuesday, while tech stocks slashed losses on Fed Chief Powell's monetary comments. Bitcoin tumbled below $45,000. EV leaders Nio and Tesla stock plummeted 15% and 12% before cutting losses.
Stock market news live updates: Stocks fall, Nasdaq drops 2% as tech shares extend routStocks sank on Tuesday as tech stocks extended their declines.
Here’s How Much Wealth You Need to Join the Richest 1% GloballyIt takes $8 million in Monaco, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows.
Five Things You Need to Know to Start Your DayGood morning. A stock rotation was soothed by the Fed, reopening plans continue to spark optimism and Bitcoin is bouncing back. Here’s what’s moving markets.
Bitcoin Entering Wave 4 Consolidation in Strong UptrendBitcoin has made a bullish bounce at the 38.2% Fibonacci retracement support level (blue box). Although the bearish decline was fierce, the bulls were able to stop and reverse it.
Earnings Preview: Game Time For NvidiaIt’s game time for Nvidia!The multinational technology company is set to release its fourth-quarter fiscal results for 2021 (ending January 31st, 2021) after US markets close on Wednesday 24th February.
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Markets Move Higher As Tech Stocks ReboundMeanwhile, traders will pay close attention to rising Treasury yields.
The Economic Calendar Keeps the EUR and the Greenback in the SpotlightIt’s a relatively busy day ahead on the economic calendar, placing the EUR and the Dollar in focus. U.S jobless claims figures will need to improve…
Bonds Slide; Asia Stocks Rally on Reflation Buzz: Markets WrapBonds sold off and Asian stocks rallied as investors focused on the prospects of a stronger-than-expected recovery and the Federal Reserve’s pledges of prolonged support. U.S. and European equity futures advanced.
Asia-Pacific Shares Up Across the Board after Fed Chair Powell’s Reaffirmation of Low Interest RatesSouth Korean shares posted on Thursday their best day in almost two months, driven by chip heavyweights and foreign buying.
Daily Gold News: Thursday, Feb. 25 – Gold Below $1,800 AgainGold is 1.1% lower this morning, as it is trading well below $1,800 price level again. What about the other precious metals?
Stock market news live updates: Stocks fall, tech shares pressured as yields climb
It’s Gates Versus Musk as World’s Richest Spar Over BitcoinUnless you’re the world’s richest person, you shouldn’t be buying Bitcoin. That’s the message from Bill Gates — the third richest.
Global Bond Selloff Eases; Asian Stocks Slump: Markets WrapGlobal bonds attempted to recover from an aggressive selloff that drove steep losses in Treasuries and U.S. stocks Thursday. Asian stocks slumped and U.S. and European futures pointed lower.
Munger compares bitcoin to what Oscar Wilde said about fox huntingBerkshire Hathaway Vice Chairman Charlie Munger once again minced no words in his opinion on bitcoin at the Daily Journal (DJCO) annual meeting on Feb. 24.
A 'bubble' no one is talking aboutThe VIX, according to JPMorgan. Because an infinite loop timeline currently runs financial markets news these days, shares of GameStop (GME) doubled in the final hour of trading on Wednesday.
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Why the Dollar Is More Robust Than It LooksThe U.S. will probably grow faster than the rest of the developed world this year and relative rate expectations will rise. Plus the EM trade is crowded.
AUD/USD Forex Technical Analysis – Strengthens Over .7786, Weakens Under .7733The direction on Friday is likely to be determined by trader reaction to the 50% level at .7786 and the 61.8% level at .7733.
What’s Next After GBP/USD Bearish Pullback Reaches 1.39?GBP/USD bearish retracement was expected. But the impulsiveness of the decline is very strong, which is 1 of the main reasons for the potential end of the uptrend.
Asia-Pacific Shares Plummet as Higher Global Bond Yields Spook Investors; Japan’s Nikkei Loses Nearly 4%Japanese shares slumped on Friday, logging their biggest daily decline in nearly a year, after a spike in global bond yields spooked investors.
Stock market news live updates: Stocks turn lower, adding to losses as surging yields take center stageWall Street stocks fell on Friday, with battered technology shares leading the declines despite encouraging data, as fears of rising interest rates caused investors to take fright.
The Big Picture – Where Could Gold Head From Here?Unquestionably fundamental events shape market sentiment, which dictates where the price of any given commodity or stock might go.
Speculative crypto art market takes offMove over, GameStop. The newest speculative game in town is NFTs — digital files that can be owned and traded on a plethora of new online platforms.
SEC Suspends Trading in 15 Stocks That Got Hyped on Social MediaU.S. regulators are engaging in the stock market’s version of whack-a-mole -- racing to suspend shares of companies with dubious prospects that have been hyped to the moon on social media.
Asia-Pacific Currencies Weekly Recap: High-Flying Aussie, Kiwi Drilled Lower Amid Bond Market RoutInvestors are selling bonds in anticipation of higher inflation, driving up interest rates while making the U.S. Dollar a more attractive asset.
This week in Bidenomics: 3 setbacksPresident Biden hit some speed bumps in his fifth week in office. A key policy goal may be dead, for now. A top Cabinet appointee seems sunk. And financial markets are getting woozy as a firehose of stimulus money pours into the economy.
Bots hyped up GameStop on major social media platforms, analysis findsShares of GameStop soared last month after Reddit users banded together to squeeze hedge funds that had bet against the video game retailer and other companies. Reddit Chief Executive Steve Huffman told Congress this month that bots, artificial or fake accounts with automated content, had not played a “significant role” in GameStop Reddit message traffic.
Price of Gold Fundamental Weekly Forecast – Powell’s Main Concern Remains Jobs CreationU.S. Treasury yields have risen more than 50 basis points so far this year, eroding gold’s status as an inflation hedge.
Bonds Gain; Asian Stocks, U.S. Futures Advance: Markets WrapSovereign bonds extended a rebound, U.S. and European equity futures rose and the dollar dipped Monday, signaling calmer markets after the turmoil sparked by last week’s slide in government debt.
The Newest Meme Stock Might Be Shares in the Bank of JapanGameStop. Nokia. The Bank of Japan?Japan’s central bank joined the ranks of equities with puzzling surges in valuation led by retail investors on Monday, as its shares surged by their daily limit. The stock rose 18%, the most since 2005.
GBP/USD, News Announcements and Market ChangesIn 2016 with the introduction of the ECB’s new revamp to interest rates, market prices separated from news releases and central bank meetings to trade in tiny ranges. it was a planned and forced move after 2 years of study to the currency price particularly as Libor was slated for elimination.
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S&P 500 Jumps 2% in Risk-On Rally; Treasuries Drop: Markets WrapStocks climbed as confidence returned to markets, with investors shaking off concern about the impacts of higher Treasury yields.
Bitcoin Rises as Citi Makes the Case for a Role in Global TradeBitcoin rallied after a volatile weekend session, riding a broad resurgence in risk assets and a bullish report from Citigroup Inc.
China Region Declares War on Crypto Mining, Stirring Wider FearChina’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice.
When You Buy A Stock, Here's How Much Cash The Company Actually ReceivesWhen you buy $1,000 of a company’s stock in your Robinhood account, how much of that cash goes directly to help fund the company and its business operations? The answer is $0.
China ‘Worried’ About Bubbles in Property, Foreign MarketsChina’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets and the nation’s property sector, sparking fresh concerns about further tightening in the world’s second-biggest economy. Stocks dropped across Asia.
Five Things You Need to Know to Start Your DayGood morning. China bubble worries, Zoom's longevity, New York variant. Here’s what’s moving markets.
Stocks Pull Back After Yesterday’s RallyThe market moves lower as traders wait for additional upside catalysts.
Precious Metals Gain on the Back of Dollar Weakness and Lower Treasury YieldsThe entire precious metals complex traded higher today, with platinum scoring the largest percentage gain of 1.61%.
Wall Street Dips as Apple, Tesla Lead Fresh Round of Sector Rotation SellingThe major U.S. stock indexes settled lower on Tuesday, pressured by popular technology issues, Apple and Tesla. Losses were softened, however, by a climb in materials stocks as investors waited for the U.S. Congress to approve another stimulus package. Losses may have also been limited by Treasury yields, which stabilized after hitting a one-year high last Thursday.
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