2024 -

Ethereum funds face $23 million in outflows amid ETF uncertainty

May 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Ethereum (ETH) crypto funds suffered over $23 million in weekly outflows, despite digital asset products witnessing $932 million in inflows for the same period, according to asset management firm CoinShares. The outflows are tied to a growing skepticism over the likelihood of the SEC approving a spot ETH exchange-traded fund (ETF) in the US.Bitcoin remained […]

Bitcoin Commentary – Monday, May 20

May 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels BTC Remains BidBitcoin prices are starting the week in the green with BTC futures lightly bid through early European trading on Monday. The market broke out to fresh highs for the month last week as traders reacted to softer US inflation. However, the market has yet to see proper follow through on the […]

GBP/USD Forecast: Rallies Toward Resistance

May 20, 2024 Jeremy Parkinson Finance 0

The area is also around the 61.8% Fibonacci retracement level, so it all ties together for a potential resistance barrier. However, you cannot argue with the idea that it is very bullish, and I do think that it’s more likely than not. We at least make an attempt to get to the 1.28 level. The 1.28 level, […]

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Newmont Corporation

May 20, 2024 Jeremy Parkinson Finance 0

ASX: NEWMONT CORPORATION – NEM Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NEWMONT CORPORATION – NEM. We have determined that NEM is likely to continue to rise even higher with wave (v)-purple.ASX: NEWMONT CORPORATION – NEM Elliott Wave Technical Analysis ASX: NEWMONT CORPORATION – NEM 1D […]

BoE’s Broadbent: Possible Bank Rate Cut Could Come This Summer

May 20, 2024 Jeremy Parkinson Finance 0

Bank of England (BoE) Deputy Governor Ben Broadbent said on Monday that it was possible that the BoE could cut the policy rate this summer, per Reuters. depositphotos “If things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut […]

This Week: Nvidia To Report It’s Earnings For Q1 2024

May 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The AI-mania’s poster child is due to release its earnings after US markets close on Wednesday, May 22nd.This stock is forecasted to then move 8.5% up or down when US markets reopen Thursday, depending on whether Nvidia’s results for the three months ending April 30th excite or disappoint. Given its sheer size, with a market […]

The Outlook For Earnings, Stock Market, And The Business Cycle

May 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash A look at how earnings and stock prices are connected to each other. These simple relationships will help you to develop successful investment strategies.Video Length: 00:12:12More By This Author:Profiting In Bull Or Bear Markets Investment Process What Is The Message Of The Market?

Copper Roars, Gold Soars To Record Highs As Metals Hit “History-Making Mode”

May 20, 2024 Jeremy Parkinson Finance 0

While oil remains oddly muted amid yet another middle-eastern shock, the same can not be said for various precious metals and commodities which are soaring to start the week, and which according to Bloomberg’s Jake Lloyd-Smith, will make for a lively session in Europe and the US, with flow-through gains on the cards for mining-industry […]

Commodities’ Performance Lead Widens Over Markets In 2024

May 20, 2024 Jeremy Parkinson Finance 0

Last week’s strong rally in commodities expanded the performance lead for the asset class over the rest of global markets, based on a set of ETFs through Friday’s close, May 17. depositphotos WisdomTree Enhanced Commodity Strategy Fund (GCC) is up 15.4% this year, more than four percentage points above the year-to-date rise for US stocks (VTI), the […]

Wall Street Hits Record High

May 20, 2024 Jeremy Parkinson Finance 0

The S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. The Dow Jones Industrial Average jumped 350 points as investors bet the Federal Reserve may cut rates in September. All three major indices closed at record highs. Tech heavyweights, Nvidia, Apple, and Microsoft, all rose. Yields on the benchmark US 10-year Treasury and 2-year Treasury dipped. SPXUSD (Daily). Breaking out […]