Category: Finance
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Bitcoin to $180k? Breaks critical support ahead of Fed rate decision
Bitcoin bulls are excited about Fundstrat’s prediction for $180,000 bitcoin before the April 2024 halving. To put that in perspective, that would be a 500% plus move from current prices in less than 12 months if the prediction comes true. The reason? Supply and demand. Currently, bitcoin’s daily demand is $25 million and is just…
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XRP wins partial victory in SEC case. What is the next move?
Go to YouTube and search XRP. First of all, you may run into my video which I will post below. But notice the titles. Many of them are celebrating the latest fundamental news which came out last week and saw XRP close over 70% higher on the day. Titles of “How much XRP do you…
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US dollar pukes as inflation rises at slowest pace since March 2021
Well… it appears as if we are going full risk on. The US dollar is selling off and we are seeing a rise in metals, commodities, big potential breaks in the currency markets, and yes, a nice move in the stock markets. But can this move be sustained? What was the trigger for these early…
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World stock markets tumble as bond yields rise
Global equity markets are selling off hard this morning as the probability of more rate hikes increase. The real action is in the bond markets as yields are rising. The US 2 year yield actually broke out into new recent highs taking out the March 2023 peak. The 10 year yield is also breaking out…
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Stock markets approach key resistance. Is a new downtrend about to begin?
What a month it has been for US stock markets. US markets have been in hard rally mode since June 1st 2023, with the Nasdaq seeing its rally begin on May 24th 2023. A few other markets in the world are joining in on the party. Japan’s Nikkei continues to break decades long records largely…
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SEC Lawsuits Against Binance and Coinbase: A Damning Indictment of the Cryptocurrency Concept?
In an unprecedented move signaling increased scrutiny of the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against leading crypto exchanges, Binance and Coinbase. Allegedly, both exchanges knowingly violated securities laws, prompting the debate: is the entire concept of cryptocurrency fundamentally flawed, or even a sham? The SEC contends that Binance,…
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Short sellers still strong at TD Bank – are we missing something?
Short sellers still have a concerning percentage of the share float at TD Bank (TD.T), totalling 22% as of May 31, 2023 according to the Short Sale Trading Summary Report published by the Investment Industry Regulatory Organization of Canada or IIROC. TD Bank already made headlines when the Canadian-based financial institution was reported as the…
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Japan’s Nikkei near 20 month highs, closes above 30,000
While US stock markets, European stock markets, and many other Asian stock markets continue to chop around and range, one market in Asia is on a tear. Japan is drawing in investor money and it really all began with the Oracle of Omaha, Warren Buffett. I recently gave my thoughts and technical levels on Japan…