March 2024 - Page 25 of 200 -

Gold Price Holds Strength Ahead Of US Core PCE Inflation

Mar 28, 2024 Jeremy Parkinson Finance 0

Gold price (XAU/USD) holds onto gains near $2,200 in Thursday’s European session. The precious metal exhibits firm footing ahead of the United States core Personal Consumption Expenditure (PCE) Price Index data for February, which will be published on Friday. The Federal Reserve (Fed) could dial back rate cut expectations if the underlying inflation data suggests price pressures persist. Such […]

EUR/USD Price Looking To Pierce 1.08, Eyes On US GDP

Mar 28, 2024 Jeremy Parkinson Finance 0

Despite the upbeat Spanish CPI, the EUR/USD price remains under selling pressure. Markets await the Final US GDP Price Index for fresh momentum. Technically, the 1.0800 level provides strong support. Pixabay The EUR/USD price remained bearish on Wednesday despite minor rebounds. The pair is trading at 1.0820 at the time of writing. The bearish trend remains […]

Japan Is Now Threatening Major Intervention Against The Dollar

Mar 28, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The Japanese are really getting bothered by weakness in the yen. But where is it coming from, and what might be done about it? Officials in Tokyo are threatening to intervene again, but a review of past interventions shows not just the folly of any attempt but, better yet some useful clues about […]

Zero Critical Reasoning: Employers Say GenZ Toxic For Companies

Mar 28, 2024 Jeremy Parkinson Finance 0

A new report has found that 68% of small business owners say Gen Z employees are the “least reliable,” while 71% say they’re most likely to have a mental health issue in the workplace.PixabayOne of the employers surveyed spoke of Gen Z’s “absolute delusion, complete lack of common sense, and zero critical reasoning or basic analytical skills,” according […]

EUR/GBP Retreats From 0.8570 On Weak German Retail Sales

Mar 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/GBP faces sell-off near 0.8570 on poor German Retail Sales for February. Monthly German Retail Sales surprisingly dropped by 1.9% against expectations of 0.3% growth. BoE Haskel sees rate cuts are far away. The EUR/GBP pair falls back from 0.8570 as German Retail Sales data for February remains weaker than expected. Monthly Retail Sales […]

US Corn Futures And Other Grains Volatile Ahead Of US Farming Data

Mar 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Prices of corn futures, wheat, and soybeans have fluctuated ahead of two important US agricultural reports. Futures pricing, especially for May, has seen corn, wheat, and soy all take significant dips in the past day. The USDA quarterly grain stocks report and prospective plantings report are both due out later today. US […]

Great Wall Motors Enters Indonesian Market: Leading In Southeast Asian EVs

Mar 28, 2024 Jeremy Parkinson Finance 0

Great Wall Motors unveiled on March 26 that two of its models, the Tank 500 and Haval H6, have been officially introduced to the Indonesian market. This strategic move signifies a significant milestone in Great Wall Motors’ expansion in Indonesia.Image via EqualOceanIt underscores the company’s swift penetration into the overseas new energy vehicle sector, solidifying […]

The Commodities Feed: Bearish EIA Report, Thursday, March 28

Mar 28, 2024 Jeremy Parkinson Finance 0

Crude oil prices have been trading little changed this morning, with a bearish EIA report weighing on the sentiment. Pixabay Energy – EIA reports inventory gain for the weekThe EIA’s weekly inventory report released yesterday was bearish, with US oil and gasoline inventories rising unexpectedly over the week. US commercial crude oil inventories (excluding SPR) increased by […]

Sensex Today Rallies 550 Points; Nifty Tops 22,250

Mar 28, 2024 Jeremy Parkinson Finance 0

Asian markets traded lower, while the US stock indices ended higher overnight with the S&P 500 hitting a record closing high ahead of key economic data.Japan’s Nikkei 225 declined 0.9%, while the Topix plunged 1.1%.US stock market indices ended higher on Wednesday, with the S&P 500 setting a closing record, ahead of the inflation data […]

Elliott Wave Technical Analysis: Apple Inc., Thursday, March 28

Mar 28, 2024 Jeremy Parkinson Finance 0

AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 28 March 2024Apple Inc., (AAPL) Daily ChartAAPL Elliott Wave Technical AnalysisPixabayFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave (5)DIRECTION: Upside in wave 3 of (5).DETAILS: We are looking at Apple being in a larger correction, differentiating from the rest of the major SPX components. We are exploring the possibility of a […]