Ethereum to $10K? Classic bullish reversal pattern hints at potential ETH price rally
2022-02-23 04:19:53 Ethereum’s native token, Ether (ETH), could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern. Ether’s price technicals: Bullish signs Ascending triangles are bullish continuation setups that appear during an uptrend. Analysts confirm their presence after the price rises upward inside a rising […]
The Santa Claus rally in the stock market could stumble this year as Fed hawkishness and rich valuations spook investors, Bank of America says
2021-12-05 06:30:48 Photo by Noam Galai/Getty Images December has been the strongest month of the year for stock returns based on historical data. But the Santa Claus rally could be derailed this year as fears of the Omicron virus hit markets. “We remain cautious on S&P 500 amid a hawkish Fed tightening into an overvalued […]
Will There Be A Christmas Rally In The Stock Market This Year Despite All Issues?
2021-12-06 09:03:00 And so, after much trepidation, it was indeed Jay Powell that won the contest to run the Fed. Mr. Powell remains at the helm of the most influential central bank globally as the Biden administration opts in favor of continuity rather than partisanship and legacy. Ms. Brainard gets the Vice-Chair post, and presumably, […]
Stock Market Rally Keeps Running On Tesla, Nvidia, Fed Decision, Jobs Report
2021-11-05 09:58:42 The stock market rally racked up another week of gains, with the Dow Jones, S&P 500, Nasdaq composite and even the small-cap Russell 2000 hitting record highs. Stocks rallied on the long-awaited Fed decision to taper bond buys and a strong jobs report, while Treasury yields generally retreated. Tesla (TSLA) and especially Nvidia […]
The S&P 500 just reclaimed a key technical level that paves the way for a year-end rally, Fundstrat says
2021-10-18 07:00:46 Spencer Platt/Getty Images The S&P 500 closed above its 50-day moving average on Friday, signaling that stocks will continue to rise. “This is a sign of the resumption of the uptrend. And given the following constellation of factors, we see stocks surging into year-end,” Fundstrat said Monday. With the S&P 500 back above […]
These are the 3 main drivers behind bitcoin’s 35% rally over the past week, according to JPMorgan | Currency News | Financial and Business News
2021-10-07 08:13:15 Bitcoin Nurphoto / Getty Images Bitcoin’s near 35% rally over the past week comes as institutional investors seek an inflation hedge, JPMorgan said in a Thursday note. “Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold,” JPMorgan said. These are the three drivers behind […]
Bitcoin reclaims $1 trillion market value as risk-on rally clears path for potential 20% upside | Currency News | Financial and Business News
2021-10-06 09:45:20 Bitcoin crypto currency physical banknote and coin imitations. OZAN KOSE/AFP via Getty Images Bitcoin rallied as much as 8% on Wednesday, helping the cryptocurrency reclaim its $1 trillion valuation. The price has surged more than 30% over the past week as concerns about Congress’ ability to raise the US debt ceiling grow. If […]
Bitcoin Leads Crypto Market Rally, Skyrocketing To Five-Month High After Big Bank Embrace
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2021-10-06 10:18:24 Topline Within a couple of hours Wednesday, bitcoin prices skyrocketed to their highest levels in months, adding on to weeks of moderate gains amid a flurry of positive developments for the recently struggling market, with U.S. Bank and Bank of America among the latest legacy financial institutions embracing the space. U.S. Bank says […]