Author Archive: Jeremy Parkinson
Sensex Today Trades Higher; SJVN Rallies 10%, MMTC 6%
Asian equities were mixed as traders weighed the firming expectations of Federal Reserve interest rate cuts against continued weakness in technology shares.Stocks in Australia, Japan, and South Korea climbed along with futures contracts for US equities on Friday.Wall Street experienced a notable shift on Thursday (July 25), as smaller stocks and previously underperforming market segments rallied, while […]
WTI Hovers Around $78.00, Steadies Ahead Of US PCE Inflation
Image Source: Unsplash WTI price remains on track for a third straight week of decline on Friday. Chinese growth concerns put pressure on crude Oil prices. Oil demand could be affected due to diminished odds for the Fed rate cuts in September. West Texas Intermediate (WTI) Oil price holds mild losses, possibly driven by better-than-expected US economic […]
FX Daily: Multiple Factors Still At Play In FX
Image Source: Pexels Equity selloffs, US election bets, and carry trade unwinding have contributed to a heterogeneous picture in the currency market. US data has been, to a certain extent, sidelined. Today’s June core PCE may trigger only a modestly negative USD reaction. USD/JPY could suffer larger losses again soon. USD: Oversupply of FX driversThe US GDP report for the […]
GBP/CHF Forecast: Drops Into Value Zone
The British pound has plunged much lower against the Swiss franc, yet again during the trading session on Thursday. In my daily analysis, the first thing that I noticed is that we reached the 200-day EMA, but then did show signs of support. It’s probably worth noting that we also have the 38.2% Fibonacci retracement […]
Elliott Wave Technical Analysis: VeChain Crypto Price News – Friday, July 26
Image Source: Freepik Elliott Wave Analysis TradingLounge Daily Chart,VeChain / U.S. dollar(VETUSD)VETUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level: 0.2100Details: Wave II May is complete and the price increase again in Wave III.VeChain / U.S. dollar(VETUSD)Trading Strategy:VeChain’s trend seems to be over as […]
Gold Trading Strategy Today – Friday, July 26
Image Source: PixabayToday you will see gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:04:43More By This Author:Gold Trading Strategy Today – Thursday, July […]
IBM Beats Q2 Earnings On AI Growth: ETFs To Buy
Image Source: UnsplashAfter the closing bell on Jul 24, International Business Machines (IBM – Free Report) reported strong second-quarter 2024 results. It beat estimates for earnings and revenues, citing rising customer demand for new AI projects. IBM shares spiked 4% in aftermarket hours. Investors seeking to tap the strength could consider ETFs having the highest allocation to this tech […]
Bitcoin and Ethereum top client interest with ‘very little’ demand for other crypto ETFs: BlackRock Head of Digital Assets
Key Takeaways BlackRock’s Mitchnick highlighted that their client base is predominantly interested in Bitcoin, with some interest in Ethereum. BlackRock considers Bitcoin and Ethereum as complementary assets with distinct roles. The SEC’s greenlight for spot Ethereum ETFs has sparked optimism about the future of other crypto ETFs, with some anticipating that Solana funds will be […]
Metal Markets Report For Thursday, July 25
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:01More By This Author:SPDR ETF Report For Thursday, July 25Financial Markets Report For Thursday, July 25Metal Markets Report For Wednesday, July 24
The Market Takes A Sledgehammer To Tesla Shares
Image Source: PexelsBack in 2020, EV automaker Tesla (TSLA) and its CEO Elon Musk were on top of the world.TSLA’s share prices were surging higher and higher. Musk’s tweets were making daily headlines. And the company’s Model 3 was quickly becoming one of the hottest cars in America.But even at TSLA’s peak, Musk knew exactly how […]
