Kazakhstan granted cryptocurrency exchange Bybit full license approval. Awarded by the Astana Financial Service Authority (AFSA), this approval strengthens the exchange’s expansion in the region. It allows the company to offer a range of crypto services. It also marks a win in its ongoing global expansion. Kazakhstan’s Role in the Crypto Space Kazakhstan has emerged…
Hello traders. Welcome to a new trade setup blog post. In today’s post, we will discuss the long-term path for NZDUSD currency pair and how we recommended buying dips on this pair to Elliottwave-Forecast members. From a long-term perspective, NZDUSD completed a Cycle Degree wave I in early February 2023. Following wave I, a wave…
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart May 23th In May, we showed how…
Mexican Peso extended its losses for the second straight day as USD/MXN hit a 19.74 peak. Banxico cuts rates to 10.50%, weakening the Peso as economic activity cools and inflation projections rise for 2024. US PCE inflation edged lower, but core PCE remains within the Fed’s comfort range of 2%-3%. The Mexican peso lost steam…
The Kamala Harris election is gaining momentum, even though economic concerns remain a central issue for many. According to a recent CFO survey, most executives believe Harris will win the presidency. Despite these economic concerns, including inflation and interest rates, there is growing confidence within corporate America that Harris will prevail. This belief persists even…
Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank…
By Todd Allen, University of Michigan Constellation, an energy company that provides electricity and natural gas to customers in 16 states and Washington, announced on Sept. 20, 2024, that it plans to restore and restart Unit 1 at Three Mile Island, a nuclear plant near Middletown, Pennsylvania, that was shut down in 2019. Microsoft has…
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The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies |…
A new study warns that Trump economic policies could significantly increase inflation. The Peterson Institute for International Economics analyzed the potential impact of tariffs, mass deportations, and interference with the Federal Reserve. According to the report, these policies could worsen inflation and cause massive job losses. While Trump’s policies aim to fix the affordability crisis,…