In our recent assessment of the NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL), we have identified a potential Elliot Wave pattern. Our analysis suggests that we are currently witnessing the development of Wave iii of (i)
Evolving
In response to the economic challenges faced by Russia, the government has recently made adjustments to the mandatory foreign currency sales regulations for exporters. This move comes as part of broader efforts to stabilize the national currency, the rouble, which has been experiencing pressure from capital outflows and limited foreign currency supply. Under the new
Doconomy, a Swedish fintech startup, has recently secured 34 million euros in funding from major European banks, such as UBS and CommerzVentures. This influx of cash, obtained through a Series B financing round, highlights the increasing importance of climate-focused financial technology in the industry. Doconomy offers innovative tools that enable bank customers to measure the
As the New York Federal Reserve President John Williams addressed concerns about inflation during a recent event, he acknowledged that inflation levels are still too high. However, Williams expressed confidence that inflation will start decelerating later this year. Despite the markets being on edge regarding the direction of monetary policy, Williams did not provide clear
The CEO of Swedish fintech startup Trustly, Johan Tjarnberg, recently discussed the company’s decision to delay its initial public offering (IPO) despite a 51% increase in operating profit. Tjarnberg revealed that Trustly intends to wait another year or two before going public to demonstrate the value of its open banking technology to potential investors. He
In recent days, the dollar has seen a significant increase in value against other major currencies. This rise can be attributed to a selloff in Treasuries which has led to higher U.S. yields. As investors seek safe haven assets amidst global market turmoil, the dollar has emerged as a preferred choice. The bond market rout
In recent years, there has been a noticeable shift in the preferences of Chinese travelers, with many opting for domestic destinations over international tourist spots. This change in behavior is reflected in a survey conducted by consulting firm Oliver Wyman, which found that only 14% of high-income households in mainland China, earning at least 30,000
Consumer confidence plays a crucial role in driving the Japanese economy, with private consumption accounting for approximately 60% of the country’s GDP. Any fluctuations in consumer sentiment can have significant repercussions on various economic indicators such as inflation, unemployment, retail sales, and industrial production. The recent depreciation of the Yen has increased import costs, leading
In the dynamic world of exchange-traded funds (ETFs), one provider is making a bold move by betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments recently introduced the GLP-1 & Weight Loss ETF (OZEM), highlighting prominent players like Eli Lilly and Novo Nordisk, alongside emerging companies in the weight loss and diabetes
Recent economic trends have shown a significant impact on the prices of gold and silver. The Federal Reserve’s hawkish meeting minutes, along with robust U.S. economic data, have led to a decrease in gold and silver prices. Fed officials have highlighted the importance of maintaining inflation control before considering any rate cuts. This has created
It is crucial for investors to pay close attention to comments made by Fed speakers regarding inflation, economic outlook, and interest rates. These comments can significantly impact market sentiment and expectations, influencing trading decisions. Recent data, such as the FOMC Meeting Minutes, labor market data, and US Services PMI, have played a role in shaping
As the cost of living continues to rise, many individuals are finding creative ways to cut back on expenses without sacrificing the quality of their leisure time. One such individual is avid traveler Lora Bowler, who has discovered the benefits of utilizing hotel day passes to enjoy luxury amenities without the hefty price tag of