March 2024 - Page 170 of 200 -

Natural Gas: Market Stabilizes Amidst Noise And Long-Term Outlook

Mar 11, 2024 Jeremy Parkinson Finance, No picture 0

Over the past few days, the natural gas markets have somewhat retreated; however, on Friday morning, the market appeared to have slightly stabilized. That being said, I think there is a lot of noise just waiting to happen, and therefore I think you have to look at this as a longer-term market. Natural GasAs you […]

Bitcoin rockets above $71,000, surpasses silver in market cap

Mar 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Bitcoin (BTC) crossed the $71,000 threshold today, setting a new all-time high ahead of the anticipated halving event, according to CoinGecko’s data. At press time, BTC is trading at around $71,400, up almost 3% in the last 24 hours. Bitcoin’s market cap now exceeds $1.4 trillion, overtaking silver as the eighth largest asset by market […]

USD/JPY Continues Losing Streak On Firm Bets Over BoJ Quitting Negative Rates

Mar 11, 2024 Jeremy Parkinson Finance, No picture 0

The USD/JPY extends its losing spell for the fifth trading session on Monday. The asset drops 146.70 on broader weakness in the US Dollar and rising expectations for the Bank of Japan (BoJ) exiting its expansionary interest rate stance in the March monetary policy meeting.BoJ policymakers have indicated that a positive wage cycle will continue for a […]

Elliott Wave Technical Analysis: Soybeans

Mar 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Soybean Elliott wave Analysis- recovery before fresh sell-off?Soybean’s trajectory in March has been marked by a semblance of recovery. Yet, within the larger context of its wave sequences, this upturn is merely a fragment of an overall bearish trend. Following this corrective rebound, it’s anticipated that the commodity will continue its descent towards […]

WASDE Update: Corn And Soybean Markets Tighten

Mar 11, 2024 Jeremy Parkinson Finance 0

The USDA’s latest monthly WASDE report was fairly constructive for corn and soybeans as lower supply pushed down global inventory estimates. Meanwhile, the report was largely neutral for wheat with slight upward revisions to both production and consumption estimates. Pixabay Global corn balance tightensFor the global market, the USDA expects 2023/24 corn production to fall to 1,230.2mt this season, […]

Don’t Wait To Buy Stocks As Global Central Banks Easing Mode Is Coming

Mar 11, 2024 Jeremy Parkinson Finance 0

Global central banks from the Fed to PBOC signal that the monetary policy this year will become easier this year, potentially opening doors for stocks to further gain.Federal Reserve Chair Jerome Powell on Thursday indicated that interest rate cuts may not be too far off if inflation signals cooperate.In remarks to the Senate Banking Committee, […]

Buying The Dips At The Blue Box Area

Mar 11, 2024 Jeremy Parkinson Finance 0

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of ETHUSD published in members area of the website. As our members know Ethereum has given us 3 waves pull back recently that found buyers right at the Blue Box ( Buying Area). We have been favoring the […]

Crude Oil Forecast: Likely To Rally Further

Mar 11, 2024 Jeremy Parkinson Finance 0

A move down to the 50 day EMA, which I also think will end up being very supported, would be possible if we were to break below the 200 day EMA. The crude oil markets are still seeing strong support, as buyers always jump back in when we pull back. Having said that, I think […]

USD/CAD Outlook: Markets Assess Canada’s Upbeat Jobs Report

Mar 11, 2024 Jeremy Parkinson Finance 0

The USD/CAD outlook reveals a slight bearish tone as markets juxtapose Canada’s upbeat employment report with the mixed signals from the US job market. Yet, amidst this comparison, the pair finds support from softer oil prices, contributing to the weakening of the Canadian dollar.PixabayOn Friday, both the US and Canada released employment reports. In Canada, […]

The Commodities Feed: Gold Nears $2,200/oz

Mar 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Gold is trading higher on Monday morning after rallying almost 5% last week. On Friday, prices reached fresh record highs on expectations the Federal Reserve will cut interest rates this year. Metals – Gold surges to fresh record highsGold prices jumped on Friday to trade just below $2,200/oz before giving back some of the gains […]