Author Archive: Jeremy Parkinson

Australian Inflation Weighs On Risk Assets

Australian Inflation Weighs On Risk Assets

April’s above-consensus Australian CPI print has hit the local bond market and serves as a reminder that the Reserve Bank of Australia may not be done hiking. While higher local interest rates may be seen as good news for the Australian dollar, the jury remains out on whether the Federal Reserve will be able to […]
EUR/USD Forex Signal: Double Top Forms Ahead Of Fed Beige Book 
                    
EUR/USD technical analysis

EUR/USD Forex Signal: Double Top Forms Ahead Of Fed Beige Book EUR/USD technical analysis

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0805. Add a stop-loss at 1.0935. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.0870 and a take-profit at 1.0925. Add a stop-loss at 1.0800. The EUR/USD pair pulled back ahead of the upcoming German Consumer Price Index (CPI) data and the Federal Reserve’s Beige Book. The […]
Shiba Inu Dethrones Cardano As It Joins The Top Tens By Market Cap: SHIB Up 18%

Shiba Inu Dethrones Cardano As It Joins The Top Tens By Market Cap: SHIB Up 18%

Memecoin Shiba Inu (SHIB) has surpassed Cardano (ADA) by market cap following an 18% upswing over the past day.The remarkable uptick pushed its market capitalization beyond $17.25 billion, flipping Cardano’s $16.52 billion. Source – Coinmarketcap  Meme cryptos shineShiba Inu maintained its upside stance after surpassing Avalanche (AVAX) to rank among the top ten cryptos by value.Meanwhile, the memecoin sector flourished over […]
BlackRock’s Bitcoin ETF claims top spot after $102 million in inflows

BlackRock’s Bitcoin ETF claims top spot after $102 million in inflows

BlackRock’s iShares Bitcoin Trust (IBIT) has officially become the largest Bitcoin fund after recording $102 million in inflows in Tuesday’s trading session, according to data from Farside. Meanwhile, Grayscale Bitcoin Trust (GBTC) saw roughly $105 million in outflows.US Spot Bitcoin ETF Flows (May 28) – Sources: FarsideUS spot Bitcoin ETFs witnessed a net inflow of […]
June 13, 2024 – A Decision Point For Crypto Markets This Summer

June 13, 2024 – A Decision Point For Crypto Markets This Summer

We assess the potential, expectations, and likelihood of the top blue-chip cryptocurrencies outperforming during the summer of 2024. Interestingly, the cryptocurrency with the highest chance of a bull run might be the one that’s least anticipated. depositphotos This article was adjusted from the originally released ‘Which Blue-Chip Will Outperform This Summer.’ Leading Indicator: USD SoftnessA key factor influencing […]
Analytical Overview Of The Main Currency Pairs – Wednesday, May 29

Analytical Overview Of The Main Currency Pairs – Wednesday, May 29

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0857 Prev Close: 1.0856 % chg. over the last day: -0.01 % The EUR/USD pair retreated from the weekly maximum on Tuesday and ended the trading with a slight decline. A negative factor for the euro was the ECB report published on Tuesday, which showed a decline […]
Yen Stumbles As Traders Embrace The Carry Trade; BoJ Under Pressure To Act

Yen Stumbles As Traders Embrace The Carry Trade; BoJ Under Pressure To Act

Global FX markets remain relatively quiet, with the dollar showing slight strength during today’s Asia session. This uptick is driven by a surprise bounce in US May consumer confidence and a slight increase in US yields following some tepid auctions of two- and five-year US Treasuries. Tonight, $44 billion of seven-year US Treasuries will be […]
Bearish Signal Spotted At Key Resistance Level!

Bearish Signal Spotted At Key Resistance Level!

Market DiscussionWatch the free-preview video below extracted from the WLGC session before the market open on 28 May 2024 to find out the following: The significance of volume spikes and bearish change of character bars in predicting market trends The pivot level to confirm the reversal signal. The possible scenarios for market trends based on the current trading […]
Comprehensive Elliott Wave Analysis For Bitcoin, ETH/USD, Gold, Silver & Commodities

Comprehensive Elliott Wave Analysis For Bitcoin, ETH/USD, Gold, Silver & Commodities

Commodity Market Elliott Wave Analysis for Bitcoin ETH/USD, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Update: Bitcoin Wave v) of 1 of (5). Ether Wave v) of 1 of (5) I have aligned Bitcoin in line with the Nasdaq as a possible wave […]
Master The Dark Cloud Cover Chart Pattern 
                    
 
 
 

Master The Dark Cloud Cover Chart Pattern      

The Dark Cloud Cover is a crucial bearish reversal pattern in technical analysis, known for its ability to signal a potential downturn in an uptrend. This pattern’s significance lies in its ability to alert traders to a shift in market sentiment, from bullish optimism to bearish pessimism. depositphotos It typically appears after an upward price movement, indicating […]