April 2024 - Page 121 of 153 -

The Evils Of Paper Money Have No End

Apr 04, 2024 Jeremy Parkinson Finance 0

By Mike Maharrey, Money Metals ExchangeMany prominent American founders warned us about paper money.Thomas Paine may have summed it up best:“The evils of paper money have no end.”In an 1814 letter to Thomas Cooper, Thomas Jefferson was prophetic. “Every thing predicted by the enemies of banks, in the beginning, is now coming to pass. We are […]

Back To Cautious Buying

Apr 04, 2024 Jeremy Parkinson Finance 0

S&P 500 bears were winning till services PMI, which turned equally much the Nasdaq around too, delivered very risk-on sectoral showing. ADP employment change was all right, I looked for a strong beat, but expected the same from services PMI given the earlier successful call for manufacturing PMI to overcome expectations. So, only our swing […]

EUR/USD Analysis: Rebound Gains Still Weak

Apr 04, 2024 Jeremy Parkinson Finance 0

The outlook for the pair is very bearish, with the next level to watch being at 1.0690, its Valentine’s Day low. According to recent trading, the EUR/USD exchange rate was softer after inflation data for March declined, but it is important to keep in mind that there are inflationary trends that will limit any weakness. […]

Commodities Continue To Lead Major Asset Classes In 2024

Apr 04, 2024 Jeremy Parkinson Finance 0

In mid-December, CapitalSpectator.com mused: “Are Commodities A Compelling Contrarian Trade For 2024?” The answer so far this year continues to be “yes,” as a rally for prices of raw materials continues to bubble after a rough 2023 in this corner of global markets.Two weeks ago I noted that commodities had overtaken US stocks as the top performer for global assets in […]

Elliott Wave Analysis: Gold

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Function – Counter-trendMode – CorrectiveStructure – Possible zigzagPosition -Wave (v) of blue ‘c’Direction – Wave (v) of blue ‘c’ still in playDetails – Gold strengthens for wave (v) of blue ‘c’ of Y of 3. It seems to be in the last phase and can turn bearish to begin wave (4) after completing an impulse for (v).Following its establishment of a new all-time high in December, Gold underwent […]

Gold Analysis: Breaks New Historical Resistance

Apr 04, 2024 Jeremy Parkinson Finance 0

This is a new record bullish trading week for the gold market. Even with the rise in the price of the US dollar, the price of gold rose towards the new historical psychological resistance of $2,300 per ounce. Moreover, the gains extended to the resistance level of $2,305 per ounce, the highest in the history […]

Elliott Wave Technical Analysis: NEOUSD Crypto Price News Today

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Freepik NEOUSD Daily Crypto Chart NEOUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: Wave ((3)) of Impulse Wave Cancel invalid Level: 9.85 Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52 NEOUSD H4 Crypto Chart NEOUSD Elliott Wave Technical Analysis […]

Greenback Losses Extended, But Look For Consolidation In North America

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Overview: The softer-than-expected ISM services report caught the market leaning the wrong way. Although interest rates had a muted reaction, the dollar was sold. In fact, the Dollar Index saw its second-biggest loss of the year, falling by about 0.50%. ISM services prices paid increases moderated to their slowest since March 2020. Supplier deliveries […]

USD/CAD Price Analysis: At Make Or A Break Around 1.3500

Apr 04, 2024 Jeremy Parkinson Finance 0

USD/CAD falls to 1.3500 due to multiple headwinds. The US Dollar corrects further on the weak US ISM Services PMI report. Higher Oil prices due to deepening supply concerns boosted the Canadian Dollar. The USD/CAD pair falls sharply to the psychological support of 1.3500 in the European session on Thursday. The Loonie asset faces an […]

XAUUSD Sets New Record High, Touching Above $2300

Apr 04, 2024 Jeremy Parkinson Finance 0

XAUUSD has reached another milestone, briefly touching above the key $2300 level.The continuous rise came amid yesterday’s lower-than-expected ISM services PMI reading (51.4 vs 52.7).Fed’s chairman Jerome Powell has also provided comments underscoring the possibility for the interest rate cuts to happen this year, given there is enough evidence that inflation is moving towards its […]