Bitcoin is up over 100% this year. Part of the reason is because Bitcoin is halving in May of 2020. Bitcoin Halving is where the number of generated Bitcoin rewards per block is cut in half making the supply and demand of bitcoin a bit more imbalanced. Meaning the less Bitcoin available, the more demand there is for bitcoin, thus the higher price. And usually prior to the halving, 12 months in advance, the Bitcoin price tends to move higher in anticipation of the event.
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Litecoin is currently trading at a new 2019 high and the highest it has been
TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.
Commentary from this past week includes:
The S&P 500 futures bounced off of non-fresh daily demand yesterday, went long pre-market when price pulled back to a 2 min demand zone.
Nasdaq 100 futures back in daily demand, but no longer a fresh zone, so
Foot Locker Inc. fell almost 20%, the most in almost two years after it reported first-quarter sales and profit that missed analysts’ estimates. For the first quarter, Foot Locker reported earnings of $1.53 per share, missing expectations by 7 cents and revenue of $2.08 billion, which also missed expectations by $30 million. Regarding full year guidance, Foot Locker now expects high single digit earnings per share growth.
Still, Foot Locker management remains optimistic.“We started the year with great energy, innovative products, and exciting customer events, leading to solid top-line growth in the first quarter with strong performance across our regions, banners,
As U.S.-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.
Bank of America Corp. sees the Japanese yen strengthening as investors flee risky assets, and has recommended an associated euro-yen trade. Goldman Sachs Group Inc. warns that currencies from the euro to South Africa’s rand and Chile’s peso could be in the firing line.
Over at Bank of America, the currency team last week initiated a three-month put spread that takes a short position on the euro-yen currency pair, with the view that investors will be seeking a haven with no quick
You either love Tesla or you hate Tesla. Regardless of what camp you are you in, Tesla, like Apple has a huge fan base. Tesla, like Apple is a cult, with a cult following. Tesla, like Apple is a Rockstar.
However, the Smart Money is starting to leave the concert because the music is no longer music to their ears.
Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value.
Global oil prices are under pressure due to no resolution in sight regarding the US-China trade war, ultimately sapping demand for oil and weaker than expected economic data that came out of Europe on Thursday. As a result, U.S crude oil prices had their largest drop of the 2019 on Thurs, oil prices are now below $60 and oil price are at a three month low.
The Energy Select Sector SPDR® Fund seeks to provide an effective representation of the energy sector of the S&P 500 Index. The top holdings include:
Source
The SPDR Energy Select Sector ETF droppped 3.3% toward a 4
Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from BBC.
The news outlet said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in “a dozen countries” by the first quarter of 2020 and is looking to start trialing it by the end of this year.
More details about Facebook’s crypto plan are said to be revealed in the coming months, the report said. It further added Facebook had looked for advice from officials of the U.S. Treasury and the Bank of England governor Mark Carney regarding opportunities and regulatory issues for the initiative, which is internally referred to as “Project Libra.”
United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.
BitPay is a platform that converts cryptocurrencies to fiat and is used by over 20,000 businesses. AT&T is reportedly the first United States-based business in the wireless network industry to offer bill payments with BitPay. Kevin McDorman, vice president of AT&T Communications Finance Business Operations, said, “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”.
Russia’s central bank will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to a Tass report.
Elvira Nabiullina, governor of the Bank of Russia, said Thursday that her institution is to review a proposal for the development of the cryptocurrency.
Nabiullina said at the nation’s lower house, or Duma: “As for mutual settlements, we will consider, of course, [the] proposal on … a gold-backed cryptocurrency. But, in my opinion, it is more important to develop settlements in national currencies,” she said at the State Duma.
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank to allow crypto businesses to participate in its new regulatory sandbox.
“Regulation would ensure transparency, oversight and accountability. The onus or burden on the government may be shifted to exchanges or other platforms offering virtual currencies or trading thereon.”
Individual investors will soon be able to invest in Grayscale Ethereum Trust, billed as “the first U.S. publicly quoted security solely invested in and deriving value from the price of ethereum.”
The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory organization (SRO), has approved public quotation of shares in the trust, Grayscale Investments announced Thursday.
“All kinds of investors will be able to gain exposure to the price movement of ethereum without the challenges of buying, storing, and safekeeping ethereum,” wrote Marissa Arnold, a spokesperson for Grayscale, in an email to CoinDesk.
“Rebranding and Hardfork will be estimated approximately at 19.00 UTC on Friday May 24.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are still under the resistance line around 0.39$. We tested it several times these last day but till now, we are not able to break it more than some minutes. We could finish to have a correction to go test the support line at 0.33$ but I still have the hope that the BTC will continue its UP and that we could finish to break that resistance on the STEEM with that help. Let’s see what will do the BTC in the coming hours.
The chart is marked up already because I’m already short this pair:
Forex $1 MM Challenge – Trade #7 (3-25-19) Sold NZD/CAD
Lets zoom in for a closer look at the trade set-up.
An even closer look of the set-up.
What I like about the set-up is price based, meaning buyers and sellers were going to battle, until the sellers won as indicated by strong move away from the level and also took out previous demand to the left (purple circle). What I also like is the move back to the area was strong as well
Nordstrom, Inc., a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name
Nordstrom shares tanked today to their lowest price since 2010 after reporting first-quarter results that missed on the top and bottom lines.
Nordstrom reported earnings of 23 cents per share on revenue of $3.44 billion. However, Wall Street was expected earnings of
Lowes announced mixed first-quarter 2019 results and reduced its full-year outlook yesterday sending the stock down double digits, its worst one-day stock plunge since 1992.
The good news was Lowe’s quarterly sales grew 2.2% year over year, to $17.74 billion with a 3.5% increase in comparable-store sales. The bad news was Lowe’s revised its 2019 earnings per share outlook downward to a range of $5.45 to $5.65, from a previous range of $6 to $6.10 because they failed to raise prices in time to make up for higher costs.
What happened, according to Ellison, is this: Essentially, Lowe’s merchandising executives were
