2023 - Page 261 of 569 -

FX Daily: Too Early For A Move Above 1.10

Nov 28, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth picture turns decisively negative. We keep favouring a dollar comeback in the near term. In New Zealand, the RBNZ may […]

AUD/USD Forecast: Looking To Breakthrough

Nov 28, 2023 Jeremy Parkinson Finance 0

At the end of the day, the Australian dollar is at a potentially pivotal point, with market indicators suggesting a build-up of momentum for an upward move. The AUD/USD experienced a significant surge at the beginning of the trading week, momentarily surpassing the 0.66 level. This movement indicates a growing momentum within the market, potentially setting the […]

Bitcoin Commentary – Tuesday, Nov. 28

Nov 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash BTC Dips from HighsBitcoin futures have undergone an almost 6% rotation lower over the last two daily sessions as choppy price action continues. BTC has been stuck in a labored grind higher over recent weeks following a breakout move higher over October. While fresh YTD highs were posted late last week, the coin […]

Silver Price Analysis: XAG/USD Bulls Have The Upper Hand, Remains On Track To Conquer $25.00

Nov 28, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver is seen oscillating in a narrow range below a three-month top touched on Monday. The technical setup favors bulls and supports prospects for additional near-term gains. Any meaningful dip could be seen as a buying opportunity and is likely to remain limited. Silver (XAG/USD) enters a bullish consolidation phase and oscillates in […]

Bitcoin At $37,000, While Ethereum Is Struggling At $2,000

Nov 28, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisIn the last 24 hours, Bitcoin price has moved below the EMA50 moving average. This week’s pressure on the price dropped yesterday to $36,727. There, we get support, start a bullish consolidation, and climb up to $27300, where we meet resistance and bounce off the EMA50 moving average. After that, we make a bearish […]

Ethereum Is Eyeing April Highs After A Pullback

Nov 28, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Kanchanara on UnsplashHello Crypto traders! In today’s article we want to update Ethereum chart with ticker ETHUSD.As you can see today, ETH made nice and clean five-wave recovery, which indicates for more upside, at least towards the April highs and 2200 – 2300 area or maybe even higher. However, currently we can see […]

Less Than Useful Data: Inflation Indices

Nov 28, 2023 Jeremy Parkinson Finance, No picture 0

Inflation indices like the Consumer Price Index (CPI) and the Producer Price Index (PPI) have been in the news a lot since inflation began running hot in the spring of 2021.As their names suggest, these seasonally-adjusted indices provide a measure of the inflation experienced by different groups within the U.S. economy. The CPI represents the measure of inflation experienced […]

Sensex Today Trades Flat; BPCL & Hindalco Top Gainers

Nov 28, 2023 Jeremy Parkinson Finance 0

Asian shares opened mostly higher on Tuesday, despite lacking firm direction either way. However, bulls took the charge hoping the combination of a weaker dollar, lower US bond yields and softer oil prices will provide the impetus for a more positive session.The Nikkei is trading 0.3% lower while the Hang Seng index is trading 0.2% […]

Daily Market Outlook – Tuesday, Nov. 28

Nov 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Asia – As the corporate month concludes, stocks in the Asia-Pacific region displayed a mixed performance, influenced by a lower yield environment and the lacklustre performance of US stocks. The Nikkei 225 index struggled to maintain early gains, facing profit-taking amid a strengthening currency. The Hang Seng index and Shanghai Composite index also […]

SEC Still Probing Binance US Over FTX-Like Fraud

Nov 28, 2023 Jeremy Parkinson Finance, No picture 0

The US Securities and Exchange Commission (SEC) is still investigating Binance US in search of evidence that the exchange and former CEO, Changpeng “CZ” Zhao, had a backdoor to control customer assets.UnsplashThe SEC filed 13 charges against Binance (BNB-X), Binance US, and Zhao in June. At the time, the securities regulator claimed the accused operated an unregistered […]