In the realm of technical analysis, the Elliott Wave Theory stands out as a popular method employed by traders seeking insights into market movements. This theory asserts that market prices move in a repetitive sequence of waves based on trader behavior and psychology. When applied to Bitcoin (BTCUSD), a volatile cryptocurrency, the Elliott Wave framework
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After a prolonged period of decline, gold has successfully regained its footing in the market, showcasing a significant recovery over the past week. This resurgence can primarily be attributed to investors’ increasing demand for safe-haven assets amid intensifying global conflicts, particularly the ongoing Russia-Ukraine situation. Market volatility linked to geopolitical tensions has reignited the allure
In the lead-up to the upcoming Irish election, the political landscape has shifted dramatically for Sinn Féin, a party that previously appeared poised to ascend to power for the first time in Dublin. Once viewed as the front-runner in a changing political climate, recent polls suggest that Sinn Féin’s once-promising position has deteriorated into that
In the ever-evolving landscape of global finance, few entities hold as much sway as Nvidia. As the tech giant prepares to unveil its latest earnings report, the pressure mounts not just on its stock but on the broader market itself. Nvidia, renowned for its leading role in artificial intelligence (AI) development, is at a critical
The United States is experiencing an unprecedented surge in capital demand, which industry leaders are framing as a pivotal moment in the nation’s economic development. At the recent Global Financial Leaders’ Investment Summit in Hong Kong, Marc Rowan, CEO of Apollo Global Management, emphasized the extraordinary nature of this capital appetite, spurred by substantial government
The status of the US Dollar (USD) in the global currency market continues to present intriguing developments. Recent analyses suggest that the USD may be facing a new wave of weakness. While short-term fluctuations are customary in currency trading, the imminent decline of the USD seems plausible given the prevailing market sentiment. Nevertheless, any potential
The NZDUSD currency pair has entered a stage of limited volatility, remaining relatively unchanged for over a year. Since its peak near the 0.6370 mark on September 30, 2023, the pair has exhibited a consistent downward trend. This long period of sideways trading has fostered a sentiment of neutrality among traders, characterized by fluctuating movements
Exchange-traded fund inflows have already reached monthly records in 2024 and are showing no signs of slowing down. The influx of capital has caught the attention of fund managers and analysts who are closely monitoring the situation for potential impacts on the market. With a staggering $6 trillion plus parked in money market funds, experts
In a shocking turn of events, Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport in Paris. This incident, reported by TF1 TV and BFM TV, has left many wondering about the circumstances surrounding Durov’s arrest. Telegram, known for its influence in Russia, Ukraine, and
The disclaimer on the financial website clearly states that the content provided is for educational and research purposes only. It warns users not to take any action based on the information provided, including making investment decisions, without performing their own due diligence. While this is a responsible approach, it puts the onus on the user
In recent months, the Australian labor market has shown remarkable resilience, posing challenges for the country’s inflation outlook. Despite this resilience, annual inflation rates have remained in line with expectations. However, concerns have been raised regarding the sustainability of this trend, especially in the services sector. The strong jobs market has been a driving force
A luxury yacht named Bayesian, carrying 22 people and anchored off the port of Porticello, was struck by a violent storm, resulting in the tragic sinking of the vessel. One person on board lost their life, and six individuals, including British tech entrepreneur Mike Lynch and his daughter, are still missing. Among the missing passengers