By Elliott Wave International Another bank failure, another underperforming share price. Philadelphia-based Republic First Bank was closed down on Friday, April 26, and the assets were sold to Fulton Bank. Republic First becomes the first bank failure of 2024. Given our outlook for the stock market and the economy, it will probably not be the…
Divergence: Look for divergences between the DSI and price action. When the DSI makes a new high (or low) but the price fails to follow suit, it can signal a potential trend reversal. Bullish divergence occurs when the DSI is rising while the price is falling, and vice versa for bearish divergence. Confirmation with Price Action: Don’t…
Hawkish interest rate bets kept the dollar supported while positive U.K. and Euro Area data releases drew in bullish demand for EUR and GBP. Source link
Gold climbs 0.23% on Friday but is set for weekly drop above 3%. US Durable Goods Orders exceed expectations, though March’s revised down data softened the impact. XAU/USD recovers on mixed US data that weighs on US Dollar. Traders now anticipate only 25 basis points of Fed rate cuts in 2024, reducing expectations for easing….
MARKET REPORT – Lyon Stock Exchange. The oldest French exchange is in Lyon, not Paris. Est 1540 – US UoM revised up from prelim– US Durable Goods Rise +0.7% vs Exp -0.8%– US Fed’s Waller has not changed his view that the neutral rate is relatively low – The odds for an ease in December…
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Next Week’s Menu: May 25-31, 2024 May 24, 2024 Central Banks: Monetary policy reviews will be held in South Africa and Kyrgyzstan. Fed Beige Book of regional economic trends in the United States will be published. Fed officials speaking publicly in the week will included Kashkari, Mester, Bowman and Williams. Bank of England Governor Bailey…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of May 24th 2024 is here. It is now time to recap and summarize the trade setups that we had during this…
Get the latest scoop on the week’s hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. Read the latest news on Market Pulse Tech Stocks Back in Vogue as Nasdaq 100 Rallies to Record High…
Quick Overview Lista DAO Protocol: An open-source liquidity protocol allowing users to earn yields and borrow the decentralised stablecoin, lisUSD. Token Sale Success: Raised $10 million in June, highlighting strong interest in the crypto community. Innovative Destablecoin: LisUSD uses liquid-staked crypto assets as collateral, diverging from traditional fiat-pegged stablecoins. Key Features: Offers collateralisation of BNB,…