Analyst news

• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 10.05.2024

  10-05-2024 09:11 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinBitcoin's price continues forming a complex correction [4], made of subwaves (W)-(X)-(Y)-(XX)-(Z). The first three parts are completed. The second linking wave (XX) is currently unfolding and may form as a regular zigzag A-B-C. The final actionary wave [Y] of the correction B presumably continues forming. The price may drop to 59933.27, the level
  
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• Live Nation stock falls after report that DOJ will seek company’s breakup in antitrust suit

  23-05-2024 02:30 via rocketnews.com
  Shares of Live Nation Entertainment Inc. sank in after-hours trading Wednesday following reports that the Justice Department is poised to sue the company over antitrust violations and will seek its breakup.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Live Nation Entertainment Inc. sank in after-hours trading Wednesday following reports that the Justice Department is poised to sue the company over antitru
  
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• Cencora to buy $400 million in stock back from Walgreens

  23-05-2024 00:06 via rocketnews.com
  Cencora has agreed to buy about $400 million in stock back from Walgreens Boots Alliance, the second time the pharmacy chain has reduced its stake in the company this year as it looks to free up cash to pare down debt.
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  [mwai_chat context=”Let’s have a discussion about this article:nnCencora has agreed to buy about $400 million in stock back from Walgreens Boots Alliance, the second time the pharmacy chain has reduced its stake in the
  
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• ‘So far, so great’ for newly public Reddit, says moderator-turned-investor

  22-05-2024 23:20 via rocketnews.com
  Just over 60 days since Reddit Inc.’s initial public offering, one of the social-media platform’s moderators-turned-investors says she is “really pleased” with how things are going.
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  [mwai_chat context=”Let’s have a discussion about this article:nnJust over 60 days since Reddit Inc.’s initial public offering, one of the social-media platform’s moderators-turned-investors says she is “really ple
  
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• Buy-now-pay-later will be regulated like credit cards under new Biden rule. Here’s what shoppers should know.

  22-05-2024 23:05 via rocketnews.com
  The growing number of people who use buy-now-pay-later loans are poised to receive stronger protections when they want their money back, the federal consumer watchdog said Wednesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe growing number of people who use buy-now-pay-later loans are poised to receive stronger protections when they want their money back, the federal consumer watchdog said Wednesday.nnDiscus
  
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• Garmin’s stock on track for biggest one-day decline in almost two years after BofA downgrade to sell

  22-05-2024 19:10 via rocketnews.com
  The last time the stock fell that much was July 27, 2022, when it fell 8.7%, according to Dow Jones Market Data. BofA says the stock is priced to perfection — meaning there’s only downside risk.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe last time the stock fell that much was July 27, 2022, when it fell 8.7%, according to Dow Jones Market Data. BofA says the stock is priced to perfection — m
  
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• Economic calendar for the week 27.05.2024 – 02.06.2024

  22-05-2024 17:39 via litefinance.org
  
  Since the end of 2022, the DXY dollar index has been trading in a range between 107.00 and 100.00, moving away and then again approaching one of its boundaries.At the end of May 2024, DXY remains roughly in the upper half of this range and near 105.00. At the same time, the dollar and the DXY index still retain the potential for further growth, while the world's largest central banks, including the Federal Reserve, are increasingly “focusing on inflation.” While with regard to the EC
  
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• This Nvidia-heavy investing strategy has been outperforming the S&P 500

  22-05-2024 17:10 via rocketnews.com
  A low-cost index strategy tracking stocks with the highest risk-weighted returns has fared well during a period of high inflation and “clear, defined leadership” for the technology sector.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA low-cost index strategy tracking stocks with the highest risk-weighted returns has fared well during a period of high inflation and “clear, defined leadership&rdquo
  
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• Amid ‘Ozempic babies’ questions, women account for more than 75% of young adults taking GLP-1 drugs, study finds 

  22-05-2024 17:04 via rocketnews.com
  More than three out of four young adults prescribed GLP-1 drugs last year were women, new research shows–raising questions about how societal views of women’s weight may influence use of these medications and underscoring the need to better understand how the drugs may affect fertility, pregnancy, and longer-term health outcomes, researchers say.
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  [mwai_chat context=”Let’s have a discussion about this article:nnMore than th
  
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• How to Trade the Three White Soldiers Chart Pattern

  22-05-2024 14:57 via litefinance.org
  
  Finding patterns in the fascinating world of trading can be crucial to success. One such potent pattern that often heralds good news for traders is the "three white soldiers" pattern, known for its bullish implications in the financial markets. Like a trio of gallant warriors marching into battle, this candlestick pattern symbolizes a powerful current uptrend, signaling potential opportunities for traders to conquer the market and reap the rewards. Let's unravel the mysteries of this format
  
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• Rising Wedge - What Is It & How Does It Work?

  22-05-2024 14:50 via litefinance.org
  
  In the intricate world of technical analysis, discerning the rising wedge chart pattern can be a game-changer for traders. This pattern, distinguished by its converging trend lines that slope upwards, often indicates that a wedge is a bearish reversal in the making, even as prices rise. As the rising wedge formed, it becomes evident that the bullish momentum is tapering off, hinting at a potential shift in market sentiment.The rising wedge isn't merely a visual marker; it mirrors the subtle shif
  
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• Symmetrical Triangle Pattern - What is it & How Does it Work?

  22-05-2024 14:46 via litefinance.org
  
  When it comes to trading processes, benefiting from practices like the symmetrical triangle chart pattern is a turning point. This powerful pattern, often observed in financial markets, plays a crucial role in guiding trading decisions. Trading the symmetrical triangle and learning how to utilize it effectively can significantly enhance one's trading approach and potential profits. In this article, we delve into the symmetrical triangle pattern, shedding light on its definition, characteris
  
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• Williams-Sonoma’s stock heads for record after profit crushes estimates

  22-05-2024 14:41 via rocketnews.com
  Williams-Sonoma Inc.’s stock WSM rose 8% early Wednesday and was headed for a fresh record, after the upscale home goods retailer crushed profit estimates for the first quarter while revenue also came in ahead of consensus.
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  [mwai_chat context=”Let’s have a discussion about this article:nnWilliams-Sonoma Inc.’s stock WSM rose 8% early Wednesday and was headed for a fresh record, after the upscale home goods retailer crushed
  
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• Biogen to acquire privately held Human Immunology Biosciences for $1.15 billion upfront

  22-05-2024 14:36 via rocketnews.com
  Biogen Inc. said Wednesday it’s acquiring privately held Human Immunology Biosciences for $1.15 billion upfront and up to $650 million in potential milestone payments in a move aimed at bolstering its immunology portfolio.
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  [mwai_chat context=”Let’s have a discussion about this article:nnBiogen Inc. said Wednesday it’s acquiring privately held Human Immunology Biosciences for $1.15 billion upfront and up to $650 million in
  
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• The crypto Congress: Momentum builds for ‘most significant’ digital-asset law in history

  22-05-2024 14:35 via rocketnews.com
  Crypto industry insiders are becoming more optimistic that new legislation that would sideline the U.S. Securities and Exchange Commission will get strong bipartisan support in a vote this week, and potentially even become law before the end of the year.
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  [mwai_chat context=”Let’s have a discussion about this article:nnCrypto industry insiders are becoming more optimistic that new legislation that would sideline the U.S. Securities and
  
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• Cardano (ADA) Price Prediction for 2024, 2025–2030 and Beyond

  22-05-2024 13:25 via litefinance.org
  
  Exploring the future trajectory of the Cardano (ADA) price reveals a complex landscape marked by bullish and bearish trends. The critical question, "Are Cardano coin prices expected to go up or down?" garners different expert answers. This article will guide you through the intricate world of ADA's potential price movements as we unpack the various predictions.Highlights and Key Points: (ADA) Cardano Price Prediction 2024–2030 Current ADA Price: $0.48570 (as of {var_date}). Forecast for 20
  
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• Platinum outpaces palladium. Forecast as of 22.05.2024

  22-05-2024 11:48 via litefinance.org
  
  While platinum's rally is not as impressive as gold and silver's surge, the strength of the uptrend in XPTUSD is indisputable. Let us discuss this topic and make up a trading plan.Monthly platinum fundamental forecastPlatinum retreated after reaching the first of the two targets of $1,050 and $1,100 per ounce, as outlined in the previous article. However, the price failed to hit the second target. Hawkish rhetoric from FOMC officials and growing political uncertainty ahead of South Africa's
  
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• Morning Star Pattern - What Is It & How Does Candlestick Work?

  22-05-2024 11:32 via litefinance.org
  
  The Japanese candlestick chart is popular among many traders in the market. This type of chart provides information about prices and gives trading signals, allowing traders to predict the future price movement of an asset.Candlestick analysis includes various patterns, which can consist of one, two, three, or more candlesticks, such as the Morning star. This pattern combines three candlesticks: a large bearish candlestick, a smaller candlestick in the middle, and a large bullish candlestick.The
  
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• A Citi trader intending to sell $58 million of shares ended up selling $1.4 billion. Now the bank has been fined.

  22-05-2024 11:16 via rocketnews.com
  Trading incidents including one where Citigroup executed $1.4 billion of sell orders when intending to sell $58 million of shares led British regulators on Tuesday to fine the bank over trading controls.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTrading incidents including one where Citigroup executed $1.4 billion of sell orders when intending to sell $58 million of shares led British regulators on Tuesday to fi
  
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• Treasury yields rise ahead of Fed minutes and after sticky U.K. inflation data

  22-05-2024 09:53 via rocketnews.com
  Bond yields rose early Wednesday as investors eyed minutes from the Federal Reserve’s May meeting and higher-than-expected U.K. inflation reminded the market of stubborn price pressures in developed economies
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  [mwai_chat context=”Let’s have a discussion about this article:nnBond yields rose early Wednesday as investors eyed minutes from the Federal Reserve’s May meeting and higher-than-expected U.K. inflation reminded the m
  
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• Short-term analysis for oil, gold, and EURUSD for 22.05.2024

  22-05-2024 09:20 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Oil hit its first bearish target.Oil price forecast for today: USCrude analysisThe oil price has reached the first selling target in the area of 78.20. If the decline continues today, the asset may pierce the May 15 low of 76.36, the second selling targe
  
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• Euro pulls chestnuts out of fire. Forecast as of 22.05.2024

  22-05-2024 08:57 via litefinance.org
  
  Fed officials' hawkish rhetoric was supposed to drive a fall in EURUSD quotes, but the euro has enough trumps to pursue consolidation. Let’s discuss it and make a trading plan.Fundamental forecast for euro for todayThe Fed did cast a spell over financial markets. The EURUSD remained resilient even amid new S&P 500 records as Christopher Waller said it would take a few months to start easing monetary policy, and the US economy would not "go off a cliff." The derivatives market down
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 22.05.2024

  22-05-2024 08:51 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinThe Bitcoin crypto pair continues growing in the impulse made of subwaves [1]-[2]-[3]-[4]-[5]. The subwaves [1]-[2]-[3]-[4] are completed. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. In the coming days, the price is expected to rise in impulse (3) above the level of 7
  
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• Crypto bulls think ether ETF approval could send prices to new highs — and make way for more funds

  22-05-2024 06:47 via rocketnews.com
  It seems more likely that a spot ether exchange-traded fund could arrive as early as this week amid a sudden change of stance by the U.S. Securities and Exchange Commission.
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  [mwai_chat context=”Let’s have a discussion about this article:nnIt seems more likely that a spot ether exchange-traded fund could arrive as early as this week amid a sudden change of stance by the U.S. Securities and Exchange Commission.nnDiscussion:nn” ai_
  
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• My mother excluded her late husband’s family from her will — and left everything to me. Should I help them out?

  21-05-2024 20:32 via rocketnews.com
  “The home they lived in was purchased by my stepfather, but they lived in a community property state — and my mother was married to the man for over 35 years, working and contributing.”
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  [mwai_chat context=”Let’s have a discussion about this article:nn“The home they lived in was purchased by my stepfather, but they lived in a community property state — and my mother was married to the man for over 35 years
  
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• Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut

  21-05-2024 19:56 via rocketnews.com
  “In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nn“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before
  
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• Here’s what the U.S. government is doing to help lower gasoline prices

  21-05-2024 19:52 via rocketnews.com
  Gasoline prices at the pump are little changed from a year ago, but the Biden administration on Tuesday said it’s taking action to help lower prices at the pump for the summer.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGasoline prices at the pump are little changed from a year ago, but the Biden administration on Tuesday said it’s taking action to help lower prices at the pump for the summer.nnDiscus
  
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• Trump’s tariffs would cost U.S. families $1,700 a year, think tank says

  21-05-2024 19:30 via rocketnews.com
  Presumptive Republican presidential nominee Donald Trump’s proposed tariffs would “cost a typical household in the middle of the income distribution about $1,700 in increased taxes each year,” the Peterson Institute for International Economics, a nonpartisan think tank, said in a new report.
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  [mwai_chat context=”Let’s have a discussion about this article:nnPresumptive Republican presidential nominee Donald Trump&
  
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• Eli Lilly’s stock on pace for record close as Crohn’s disease trial hits the mark

  21-05-2024 17:56 via rocketnews.com
  Eli Lilly shares were on pace for a record closing high Tuesday after the drugmaker released data from a late-stage Crohn’s disease trial and struck a deal to develop new cancer-targeting medicines.
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  [mwai_chat context=”Let’s have a discussion about this article:nnEli Lilly shares were on pace for a record closing high Tuesday after the drugmaker released data from a late-stage Crohn’s disease trial and struck a deal to dev
  
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• Bond king Jeffrey Gundlach still sees a U.S. recession coming. Here’s when.

  21-05-2024 17:30 via rocketnews.com
  Jeffrey Gundlach, chief executive of investment-management company DoubleLine Capital, is continuing to hold on to a view that he’s had since at least late last year — that the world’s largest economy will likely experience a recession.
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  [mwai_chat context=”Let’s have a discussion about this article:nnJeffrey Gundlach, chief executive of investment-management company DoubleLine Capital, is continuing to hold on to a v
  
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