Robinhood Markets Inc. (HOOD : NASDAQ) is a California-based financial technology (fintech) company that operates an online discount brokerage with commission-free trading. In this article, we will analyze the technical structure based on the Elliott Wave Theory and highlight its potential growth. HOOD main cycle started in June 2022 establishing an impulsive structure to the upside….
Recovering US yields supported the USD on Wednesday. The August NFP release is the most important reading for the Fed’s policy decision. Current market pricing still sees 100 bps of easing by year-end. The US Dollar, measured by the US Dollar Index (DXY), recovered modestly on Wednesday, after closing lower on Tuesday. The 10-year US…
USDEUR/USD drifted higher yesterday, bolstered by a continued broad-market easing in US dollar buying pressure. Federal Reserve Chair Jerome Powell all but confirmed that the central bank will pivot into a rate-cutting cycle on 18 September during an appearance at the Jackson Hole Economic Symposium last Friday, topping out market appetite once again. Mixed prints…
The Dash 2 Trade market has entered another phase of consolidation. However, this time, the consolidation level has shifted from $0.002566 to a new threshold of $0.0024. This pattern indicates a bullish sentiment around the current level, suggesting a strong likelihood of a market rebound from this point, potentially breaking the resistance at $0.002566. For…
Inflation is not just an economic buzzword; it is a persistent and pervasive force affecting everyone. Despite efforts by the Federal Reserve to tame it, inflation has become a permanent fixture in our lives. The Federal Reserve’s monetary policy, particularly concerning interest rates, plays a crucial role in this scenario. While some experts argue that…
flatexDEGIRO AG, a European online brokerage firm, has announced the appointment of Oliver Behrens as Chief Executive Officer, effective October 1, 2024. The appointment is for a period of three years. Behrens will also assume the role of CEO at flatexDEGIRO Bank AG. Behrens brings four decades of experience in the European financial sector. His…
Ministers have committed to help households struggling with their gas and electricity bills this winter after energy industry bosses warned that consumer debt had climbed to more than £3bn. With Labour under fire for scrapping universal winter fuel payments to pensioners, ministers met energy industry bosses on Wednesday to discuss ways of supporting struggling households…
Investing.com – U.K. stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in London, the fell 0.04%. The best performers of the session on the were Coca Cola HBC AG (LON:), which rose 3.06% or 84.00 points to trade at 2,826.00 at the…
Election tax policies are a central issue in the 2024 presidential race. With former President Donald Trump and Vice President Kamala Harris unveiling their economic agendas, Americans are keenly aware of how these plans might affect their finances. As the candidates propose various changes, including modifications to the Tax Cuts and Jobs Act (TCJA), the…
Citi has highlighted the potential for increased political risks in Europe as German regional elections are set to commence on September 1. According to Citi European Economics, the elections could lead to significant shifts in regional policies, potentially destabilizing the national coalition, altering national fiscal policies, and causing a reorientation of Germany’s policies within the…