Get started

BIDEN

Charles Hoskinson Accuses Biden of Trying to Kill CryptoCharles Hoskinson, founder of Cardano ( CRYPTOCAP:ADA ), has criticized President Biden's pledge to veto a bill aimed at reigning in the SEC's crypto crackdown. This comes as the American crypto and blockchain community perceives the Democratic party as a threat. Hoskinson has accused the White House of trying to "destroy the American cryptocurrency industry" and stated that a vote for Biden is a vote against cryptocurrency. The Cardano ( CRYPTOCAP:ADA ) founder claims to speak for the entire industry and has criticized the Securities and Exchange Commission (SEC)'s efforts to sue major crypto companies in the United States, which Hoskinson and his peers call "regulation by enforcement." He added that this policy has cost tens of thousands of American jobs and the loss of a trillion-dollar-plus industry. Hoskinson's intervention in the matter stems from President Biden's veto of a Congressional joint resolution that would reign in the SEC's crypto crackdown. Blockchain leaders lobby for change, with Messari CEO Ryan Selkis and the Winklevoss twins being some of the party's fiercest critics. Brian Armstrong and Brad Garlinghouse have taken a more neutral stance, while Coinbase and Ripple CEOs have turned the crypto lobby into a heavyweight political fundraiser. One of Biden's only notable supporters in the crypto sector comes from Donald Trump's former communications director Anthony Scaramucci, who founded the crypto hedge fund SkyBridge Capital. Scaramucci's lukewarm endorsement of Biden stems from concerns over Trump's unpredictable leadership style, predicting that a Trump administration would be better for crypto regulation in the short term but creating havoc and unpredictability in the legal system in the long term. Charles Hoskinson has also criticized the World Economic Forum's Contributor Yuval Noah Harari over his remarks on Bitcoin and crypto assets. Hoskinson termed the analysis "Duning-Kruger on steroids," garnering support from the wider crypto community on social media spaces. Crypto analysts have long criticized traditional finance players for their poor assessment of the market without fully embracing aspects of the technology. Crypto executives continue to defend the cryptocurrency industry against criticisms from traditional finance players and unfair regulatory scrutiny in recent times. Harari stated his dislike for Bitcoin because it was developed based on distrust of centralized institutions and that developments over the century show that it's a good idea to give the government and banks the ability to create more money to build trust in society. Digital asset users have rallied around Hoskinson, firing at previous criticisms of most traditional finance analysts. Technical Outlook Cardano ( CRYPTOCAP:ADA ) has been on a falling wedge consecutively since the start of January. The price of CRYPTOCAP:ADA has been highly volatile with the asset falling and reversing to new highs. CRYPTOCAP:ADA has a Relative Strength Index (RSI) of 37.79 which is slightly oversold. A bullish reversal is on the horizon with the asset already in a falling wedge pattern.
Long
by DEXWireNews
TECHNICAL TUESDAY 3/26/24Today may or may not pan out as far as triggering an entry. As of right now we are hitting 2 out 5 on the checklist which means, NO ENTRY. Will revisit at 0845. what will I be looking for? US Core Durable Goods Orders US Durable Goods Orders Why? Because 'actual' less than 'Forecast' is good for precious metals. If this happens at 0830, Ill feel better about entering the buy stop. Why will I not be selling even if given a signal? Welp Jimothy, because its above water and thats a no-no. And for the love of sweet baby Jesus, please dont over leverage. ********Disclaimer******** The trade ideas and insights provided on this channel are for informational and educational purposes only and should not be construed as financial advice. Trading involves substantial risk and is not suitable for everyone. You should carefully consider your financial situation and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. The content shared here is based on personal opinions, analysis, and interpretation of market trends, and it may not always be accurate or up to date. By participating in these trade ideas and insights, you acknowledge that you are solely responsible for your own investment decisions and any outcomes that may result. The moderators and administrators of this channel shall not be held liable for any losses incurred from trading activities. Always conduct your own research and due diligence before engaging in any trading activities.
OANDA:XAUUSDLong
by iMosiah
Nippon Steel's Acquisition Sends U.S. Steel Stock PlummetingPresident Joe Biden's expressed concerns over Nippon Steel's proposed acquisition of U.S. Steel ( NYSE:X ) have ignited a flurry of political speculation and market volatility. With Biden's impending statement raising questions about national security implications and regulatory scrutiny, investors brace for potential obstacles to the $14.9 billion deal. Political Opposition and National Security Concerns: Biden's plan to voice apprehension over Nippon Steel's acquisition of the iconic U.S. Steel underscores mounting bipartisan scrutiny and national security apprehensions surrounding the deal. Democratic and Republican senators have voiced reservations, citing concerns over the lack of consultation with U.S. Steel's main union and the strategic importance of the steel industry to national defense. Market Reaction and Investor Sentiment: News of Biden's intervention sent shockwaves through the financial markets, with U.S. Steel's stock plummeting by 12% amid heightened uncertainty and speculation. Investors react swiftly to political developments, recalibrating their positions amidst the prospect of increased regulatory hurdles and potential delays in the acquisition process. Nippon Steel's Strategic Maneuver and U.S. Steel's Response: Nippon Steel's ambitious bid to acquire U.S. Steel was driven by optimism surrounding Biden's infrastructure bill and expectations of favorable spending and tax incentives. However, Biden's intervention injects a new layer of complexity into the deal, raising questions about its viability and regulatory approval. U.S. Steel, founded over a century ago and deeply entrenched in American industrial history, faces mounting pressure amid declining revenue and profit margins. Implications for the Steel Industry and Global Trade: Biden's stance on the Nippon Steel acquisition underscores broader implications for the steel industry and global trade dynamics. The intersection of economic policy, national security considerations, and international relations shapes the regulatory landscape, impacting the strategic direction of major corporations and influencing market sentiment.
NYSE:XShort
by DEXWireNews
🇺🇸 President Joe Biden’s Bearish Remarks on the USD vs. CNY 🇨 Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇 1. “The Dollar’s Got Swagger” You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool kid in high school who always had the latest sneakers and a killer mixtape. Well, guess what? The dollar’s still got swagger. 💸 2. “Yuan? More Like Yawn!” Now, let’s talk about the Chinese Yuan. Sure, it’s got pandas on its bills, but pandas don’t pay the rent, my friends. The Yuan’s like that kid who shows up to the party with a veggie platter. Nice try, but we’re here for the pizza. 🍕 3. “Quantitative Easing? Nah, We’re on a Diet!” Our Federal Reserve’s been flexing its muscles, printing money like it’s going out of style. But guess what? We’re not on a doughnut binge. We’re on a financial diet. No more QE buffets. 🍩 4. “Trade Wars? More Like Pillow Fights!” China and the U.S. have been duking it out in trade wars. But honestly, it’s like watching two toddlers in superhero costumes pillow-fighting. Cute, but not exactly world-changing. 🛌 5. “0.11 CNY/USD? That’s a Bargain!” So, rumor has it the yuan’s gonna dump to 0.11 CNY/USD. Well, let me tell you, that’s practically a yard sale price. Sell one, get one free! 🛒 6. “Zoomers, HODL Your Avocado Toast!” To my Zoomer pals: Forget avocado toast for a sec. HODL those dollars like they’re vintage Pokémon cards. Trust me, when the Yuan’s doing the cha-cha, you’ll thank me. 🥑💰 7. “Crypto? Nah, I Prefer Monopoly Money!” And don’t get me started on crypto. It’s like playing Monopoly with invisible cash. Pass Go, collect Bitcoin. But give me that real green paper any day. 💵 In conclusion, my fellow Americans, let’s keep our eyes on the prize. The dollar’s been through wars, recessions, and disco fever. It ain’t backing down. As for the Yuan, well, pandas are cute, but they won’t save your retirement fund. Stay woke, stay dollar-wise, and remember: In Joe we trust (and a little bit of Ben Franklin). 🇺🇸💪 Disclaimer: This post is purely fictional and for entertainment purposes. No actual financial advice here, folks. Consult your financial advisor, not Uncle Joe. 🎩🤝
Short
by TheTraderrr
AUD/USD: The impact of Xi-Biden's San Fran face-offThe AUDUSD and NZDUSD led the rally against the US dollar yesterday and are doing the same again today. The surprising low inflation number from the US is what caused the rally yesterday. But today we have a new event that could be driving sentiment in these pairs. This event is still underway, so it still to play out completely, and its consequences still to be digested and figured into the market: This event is the meeting of Chinese President Xi Jinping and US President Joe Biden in San Francisco. The meetings represent a cooling of trade (and otherwise) tensions between the two countries. What next? A weak support has been established around 0.64828. I would like to see the pair probe for a close closer to 0.65400 before concluding that there is a definite bullish bias. We will be watching news reports about the mood of the meeting and any outcomes to gain an understanding of the fundamental drivers for the AUD.
by BlackBull_Markets
$GEO Border Detention Facilities - Profiting off of incompetenceGood morning everyone, Today I am evaluating a stock I have legitimately found valuable for a few months. With the escalation at our border (Record numbers of crossings in October) It is time to consider how we can profit from such a tragic situation. I've been invested in stocks like NYSE:GEO and NYSE:CXW for the past year or so, however, I think right now might be the most bullish I've been on them in a while. In this video, I lay out potential price targets for NYSE:GEO and show some of the methodology behind my trading strategy. Here are my outlined Targets / Resistances and supports Strong Support Level: $8.30 Strong Resistance Level: $9.95 Resistance 2: $12.35 Target 1: $14.31 Target 2 / Resistance 3: $17.58 Target 3: $19.82 Remember, both targets and resistances represent solid points to take profit. Don't get greedy The GEO Group (GEO) operates special-purpose, state-of-the-art residential centers on behalf of U.S. Immigration and Customs Enforcement (ICE). All ICE Processing Centers operated by GEO have a long-standing record of providing high-quality, culturally responsive services in safe, secure, and humane environments that meet the needs of the individuals in the care and custody of federal immigration authorities.
NYSE:GEOLong
by Helios_Capital_Investment
1
$USDEBT: Indebt Tokenomics $USDEBT, launched in May 2023, represents a unique blend of crypto technology and humor. Created by a global team of blockchain enthusiasts and meme aficionados, this crypto meta-meme takes a satirical stance on the current financial system, with a particular focus on the escalating US debt crisis. Beyond a simple digital asset, $USDEBT is a potent symbol that distills the term "US Debt" into a token emblematic of global financial challenges. The team behind $USDEBT perceives it as more than a cryptocurrency. They envision it as an innovative development in the world of crypto memes, a domain where humor and satire meet technology to instigate meaningful discourse about traditional monetary systems. In line with the decentralization principle of cryptocurrency, $USDEBT seeks to morph liquidity pools into a dynamic platform for meta-memes, bringing about a revolution in the crypto meme landscape. $USDEBT Purpose $USDEBT is more than a mere token – it's a social and financial commentary on global economic systems. Through humor and innovative technology, it aims to drive the evolution of crypto memes and foster constructive discussions on national debt. This unique blend of humor and technology underscores the transformative potential of blockchain. $USDEBT Tokenomics $USDEBT is fundamentally a community-driven project, reflecting the team's commitment to decentralization and transparency. The project's roadmap outlines two phases. The first targets the expansion of the $USDEBT community, listing on major cryptocurrency platforms, and stimulating meme creation around $USDEBT. The second phase involves community consultation to determine future directions for $USDEBT's growth and development. Among the team's proposed ideas are the establishment of a $USDEBT Decentralized Autonomous Organization (DAO) and the creation of a MemeExchange. Further creative endeavors include designing a mascot and formulating the concept of the 'Gang of Six Characters', with the community being the critical sixth member.
Long
by DEXWireNews
Gold Long to 2000Monthly resistance for gold is around 2050. I think in time, hopefully by month end gold will be back up at this area. Following on from the news, Biden has sent $100m to Palistine as aid. This will effect the dollar price, and theoretically push gold further up. We have seen strong bullish movement with gold, Powells speech yesterday has caused a nice rise too. Currently im basing most of my trades and strategy soley from news. I use OBs and FVG, but co ordinating this with fundementals, we can clearly suggest gold will not come down anytime soon. Especially as the war in Israel is current.
TVC:GOLDLong
by xEthan
1
AUD/USD edges lower, China data beats expectationsThe Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn't posted a winning week since September and dropped close to a one-year low last week. The Australian dollar has bounced back this week, however, gaining 1.08%. The situation in the Middle East remains perilous, with the risk that the Israel-Hamas war could spread and ignite a regional war. President Joe Biden has arrived in Israel, a move intended as a warning to Iran and others not to enter the conflict. The fighting has not affected risk sentiment, as investors haven't panicked and snapped up greenbacks. Still, the Middle East is a powder keg at present and if the situation worsens, we could see a flight to the US dollar. Australia will release employment numbers on Thursday. Job growth has been solid and posted a strong gain of 64,900 in August. Employment is expected to fall sharply to 20,000 in September. Unemployment has been at low levels and is expected to remain at 3.7% for a third straight month. China is Australia's number one trading partner, which means that Chinese releases can have a significant impact on the Australian economy. China's post-Covid recovery has been much weaker than expected, and deflationary pressures and a property crisis could have negative implications for the global economy. Chinese released key data on Wednesday and all three releases beat expectations. GDP for Q3 rose 4.9% y/y, above the consensus estimate of 4.4% but well shy of second-quarter growth of 6.3%. Retail sales for September climbed 5.5% y/y, up from 4.6% in August and above expectations of 4.9%. Finally, industrial production was unchanged in September at 4.5% y/y, compared to the consensus estimate of 4.3%. China's economy may be in better shape than expected, but the road to recovery is likely to be a bumpy one. AUD/USD is putting pressure on support at 0.6343. Below, there is support at 0.6240 0.6399 and 0.6430 are the next resistance lines
by fisherkj4