The European Central Bank is poised to initiate interest rate reductions in June, potentially leading to a further weakening of the Euro in the coming weeks. In contrast, rate cut expectations in the US have significantly diminished since the end of last year. Financial markets now anticipate, at best, a maximum of two 25-basis point cuts in 2024. Some analysts...
The GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00 handle. The Japanese Yen (JPY) continues to weaken across the broader FX market, prompting increasing rhetoric from the Bank of Japan (BoJ) regarding direct intervention in currency markets to shore up the beleaguered JPY. The BoJ is expected to discuss intervention...
Snap Inc., ( NYSE:SNAP ) the parent company of the popular photo messaging app Snapchat, stunned investors by outpacing Wall Street's expectations in its first-quarter earnings report. The company's stock soared 25% in after-market trading, reaching $14.32, as it revealed impressive revenue growth and user expansion. In a period where digital advertising has...
ENSUSDT is facing resistance, indicating a potential selling opportunity for day traders. The price has failed to break above this level, suggesting a reversal may be imminent. The overbought conditions on the RSI further support the idea of a short-term price decline. Day traders may consider selling ENSUSDT to profit from this potential downside movement. It is...
A potential of 66% was detected against a temporary loss of 9% from the current level. Taboo this does not happen immediately. Patiently accumulate positions in the direction of the long-term goal. I don't expect the price to operate below 24.91, but if that happens, i should wait from 53.73. Contrary to popular belief, stock markets are not falling markets. The...
In the most recent trading session, the Nasdaq, mirroring the broader trend observed across major US indices, underwent a significant retracement following an extended period of bullish momentum throughout the year. The Nasdaq's price descended to a demand zone situated approximately at the 50% level from the preceding swing on the daily timeframe. Subsequently,...
Fed decision preview: Zero rate cuts and EURUSD parity in 2024? Expectations point to the Federal Open Market Committee maintaining interest rates at their current levels in the upcoming decision slated for May 1. However, fixed income markets suggest the possibility of rate cuts surfacing in either the July or September meetings of the FOMC. Nonetheless,...
On Thursday, Shares of data management software maker Rubrik (NYSE: NYSE:RBRK ) surged 20% in its New York Stock Exchange debut, the latest sign that public market investors are showing an appetite for tech IPOs. The stock opened at $38.60 per share, after the Microsoft-backed company priced its IPO at $32 a share on Wednesday, above its expected target of $28 to...
A potential of 44% was detected against a temporary loss of 22% from the current level. Taboo this does not happen immediately. Patiently accumulate positions in the direction of the long-term goal. I don't expect the price to operate below 53.73, but if that happens, we should wait from 53.73 towards 46.10 and increase the position here. It will result in...
ChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
FX:XAUUSD is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up. Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not...
BINANCE:BNBUSDT looks more confident on the D1 chart than the whole market and even more confident than bitcoin, which continues to lose ground, testing 64K. If BNB breaks resistance, it could provide good momentum. After a strong rally, the price stops and forms a sideways range for two months. Local preconditions are forming for the coin to be ready to go...
Bitcoin ( CRYPTOCAP:BTC ) price rejection from $65,000 resistance continues after failure to reclaim it as support. Even after the halving traders anticipated a rapid surge to about $70k Pivot but Bitcoin ( CRYPTOCAP:BTC ) keeps swinging between the $63- GETTEX:64K level. There is a liquidity pool below $60,000 which continues to act as a yardstick for ...
Regarding the Greenback, sellers appeared back in the market after US Q1 GDP figures came in short of expectations and quarterly inflation prints ticked higher, reigniting speculation that the Federal Reserve (Fed) might keep its restrictive stance for longer. Meanwhile, the daily advance in the Australian dollar was accompanied by further improvement in the risk...
4/25/24 - vrockstar - first time i come across this ticker (i look at a lot), wow. great opex flex. software-ish margins, not expensive on various multiples i look at vs. growth looks awesome. chart yes. am i missing anything frens, i think i'm just buying this print b/c i like everything i see including cash gen, captive industry that's bit less discretionary....
Which one to fill first with earnings in 2 weeks? The bottom one from a weekly chart? Or the top one from the daily chart about 2 months ago?
As of the latest market data, GameStop Corporation (NYSE: GME) exhibits a complex technical landscape that warrants an intricate analysis for potential investors or traders looking to navigate the volatility inherent in this stock. We will dissect the available data, which includes ownership structure, valuation, growth and profitability metrics, revenue streams,...