Wall Street’s crypto bull Tom Lee slashes year-end bitcoin price forecast nearly in half
Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday....
Two African banking heavyweights launch investment platform for the continent
Charles Kie, NACP Charles Kie, formerly of Ecobank, and co-founder Paulo Gomes, formerly of the World Bank, on Wednesday announced their launch of pan-African investment platform NACP. Its aim is to help grow small and medium-sized enterprises across Africa, as...
China Weekly Letter: US-China Rivalry Here to Stay Despite Possible Ceasefire
Key points this week Lots of speculation about the Xi-Trump meeting Economic data points to more weakness short term Trade deal or not – rivalry here to stay Continued speculation about the Xi-Trump meeting A lot of stories about the...
Elliott Wave Analysis: USDJPY Update
As expected, USDJPY is finally turning lower, which more and more looks like it’s a wave »iii« in play after that projected leading diagonal in wave »i« from the highs. However, as said below, US stocks market can see a...
Australia & New Zealand Weekly: Mixed Signals on Housing but Adjustment Process Seems Likely to Have Further to Run
Week beginning 19 November 2018 Mixed signals on housing but adjustment process likely to have further to run. Australia: RBA Governor Lowe speaks, RBA Minutes, Westpac-MI Leading Index. NZ: net migration. Europe: ECB minutes, EU Brexit Summit. UK: BOE Governor...
Week Ahead – Italy and Brexit Risks to Remain Elevated ahead of Thanksgiving Weekend
The coming week will be an unusually quiet one for economic releases but political developments in Britain and Italy will likely provide plenty of volatility for traders. As the UK prime minister, Theresa May, scrambles to save her Brexit deal...
Week Ahead: Growth Concerns and Brexit Key Focal Points for FX and Stocks
The pound is probably where we might find heightened volatility again next week, although the potential is there for the US dollar or the stock markets to actually steal the show – for all the wrong reasons. But in any...
Brexit Monitor: Decent Brexit Still Base Case But Uncertainty Has Risen
Key dates Very near term: Will there be a no-confidence vote in Theresa May? If the threshold of 48 letters is triggered, the vote may come very quickly. 25 November: Extraordinary EU summit on Brexit. Deal due to be signed....
Nvidia nurses ‘crypto hangover’ as demand for mining chips evaporates
Chipmaker Nvidia was a major beneficiary of the crypto-boom last year. But by now, the party is over and the hangover is starting to set in. In its disappointing earnings report Thursday, Nvidia executives outlined a drop in revenue for...
He just had $135,000 in student loans forgiven. Here’s how he did it.
Matt Tremel is one of 96 people to have his student debt canceled through the public service loan forgiveness program. Happy endings like his were not supposed to be so rare. One-quarter of American workers were expected to be eligible...
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