Author Archive: Jeremy Parkinson
Is There A Recession In The US Economy This Year?
It’s all well and good to announce positive economic news. Yet, consumers of such news may not be getting the full story.In other words, there’s plenty of less-than-positive economic developments, and I’ll point out just three which portend a possible economic contraction.The first one has been well-advertised: the developing commercial real estate crisis. In a […]
USD/JPY Forecast: Dips Are Opportunities
Short-term dips at this point in time continue to be buying opportunities and that’s something I’ve been doing adding to a longer term trend. The 154 yen level underneath is significant support. The 152 Yen LevelRight after that then we have the 152 yen level which i think is the floor in the market especially now that […]
GBP/USD Forex Signal: Pound Sterling’s Comeback Set To Be Brief
Bullish view Buy the GBP/USD pair and set a take-profit at 1.2530. Add a stop-loss at 1.2375. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2425 and a take-profit at 1.2325. Add a stop-loss at 1.2525. The GBP/USD exchange rate bounced back sharply after the strong UK flash composite PMI and a hawkish statement by Huw […]
Changpeng Zhao could face a 3-year prison term as DOJ seeks to deter crypto crime
The U.S. Department of Justice (DOJ) has called for a 36-month prison sentence and a $50 million fine for Binance founder and former CEO Changpeng Zhao, also known as CZ, in connection with his role in the crypto exchange’s violation of federal sanctions and money laundering laws.In a sentencing memo filed Tuesday night, DOJ attorneys […]
XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4
XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230. However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind […]
Asia Morning Bites – Wednesday, April 24
Australian March and first-quarter 2024 inflation and a no-change decision from Bank Indonesia due. Global Macro and Markets Global Markets: US Treasury yields dropped slightly yesterday as the manufacturing PMI dropped into contraction territory and a strong auction for USD69bn of two-year Treasuries buoyed prices. There is a USD70bn 5Y auction today and a USD44bn 7Y auction on […]
GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment
GBP/USD has been on the rise for the second consecutive day, trading around 1.2450 in Asian trading on Wednesday. However, the pair is still below the pullback resistance at 1.2518, which coincides with the lower boundary of the descending triangle at 1.2510. Furthermore, the 14-day Relative Strength Index (RSI) is below the 50 level, indicating […]
EURUSD Stages Rebound: Correction Or Downtrend Pause?
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Upside Move Suggests Correction: EURUSD has broken above the resistance level at 1.0689 and reached a high of 1.0713. This breakout suggests a potential correction for the downtrend that began at […]
Elliott Wave Technical Analysis: Theta Token Crypto Price News
Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart Theta Token/ U.S. dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave ((4) may is complete and the Price entry to uptrend againTheta Token/ U.S. dollar(THETAUSD)Trading Strategy: The […]
Metals Report For Tuesday, April 23
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:59More By This Author:Financial Markets Report For Tuesday, April 23 SPDR ETF Report For Monday, April 22 Metals Report For Monday, April 22
