Market Observations

SGT Chart Book 06.05.24

By SGT Trading Desk / 06 May 2024

Last Week’s Highlights: US Job data (non-farm payroll: NFP). Job growth slowed and unemployment ticked higher last month. U.S. employers added a seasonally adjusted 175,000 jobs in April, the Labor Department reported on Friday. That was far less than in March, when gains exceeded 300,000. It was also below the 240,000 jobs that economists had expected.

When things go wrong or the markets become quiet, we must put in more effort

By Tony Westfallen / 03 May 2024

While Gold seems to be holding steady for now, the lustre has faded from BTC. As we step into May, I must admit I’ve been rather quiet this year on the trading front, particularly concerning Crypto and equities.

Mastering Market Predictions: A Beginners Guide to Elliott Wave

By Michael Kelley / 01 May 2024

The Elliott Wave Theory (EWT) stands as a distinguished method of technical analysis, deployed extensively to forecast price movements within financial markets.

SGT Chart Book 29.04.24

By SGT Trading Desk / 29 Apr 2024

Last week saw a reversal in US Equites as the markets absorbed the Geopolitical news, confinement and US earnings seems to be the theme with big tech back in focus. Nasdaq rallied 4.2%, SP500 2.7% Dow Jones 30 up a poultry 0.7% on the week.

Deciphering the BEP20 Network: What is a Smart Chain?

By Michael Kelley / 24 Apr 2024

The BEP20 network, a cornerstone of the Binance Smart Chain (BSC), extends the Ethereum ERC-20 standard, introducing a robust blueprint for token creation and management on its platform.

The halving of bitcoin and other ramblings

By Tony Westfallen / 24 Apr 2024

While it’s true that the cryptocurrency space is often filled with bullish sentiment and lofty price predictions, it’s crucial to approach such discussions with a critical eye and an understanding of market dynamics.

SGT Chart Book 22.04.24

By SGT Trading Desk / 22 Apr 2024

Geopolitical concerns, Israel/Iran and inflation, future rate cuts in US dominates the narrative. Nasdaq: Worst Week Since 2022, racking up a 5.5% weekly decline. The S& P 500 dropped 3.1%, and the Dow Jones Industrial Average up 0.2%.

How Does Airdrop Crypto Work? A Step-by-Step Guide

By Michael Kelley / 17 Apr 2024

Airdrop crypto has become a staple marketing strategy for new cryptocurrency projects, aiming to distribute tokens directly to users’ wallets to foster awareness and increase circulation…

SGT Chart Book 15.04.24

By SGT Trading Desk / 15 Apr 2024

Key Market Drivers: Inflation and geopolitical worries were once again the focus of the week. We are getting further risk off sentiment heading into the weekend, and seeing a flight to safety, with the dollar stronger, and equities being sold off.

Unveiling the Crypto World: What is an Initial Coin Offering (ICO)?

By Michael Kelley / 10 Apr 2024

In the dynamic world of finance, Initial Coin Offerings (ICOs) have emerged as a breakthrough method of venture financing, leveraging the power of cryptocurrencies and blockchain technology…