April 2024 - Page 130 of 153 -

Hedge Fund Manager Says Tesla Stock Is The “Biggest Bubble In Modern History”

Apr 03, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com A hedge fund manager shorting Tesla (Nasdaq: TSLA) stock since 2020 believes the company’s shares could plummet to as low as $14 and potentially lead to bankruptcy.When speaking with CNBC today, Per Lekander described Tesla’s current situation as “the beginning of the end of the Tesla bubble,” calling it potentially the biggest stock market bubble in modern […]

Does Consumer Sentiment Correlate With The Real Economy?

Apr 03, 2024 Jeremy Parkinson Finance 0

No big economic news today, so let me update a correlation with information from last Friday’s personal income data. To wit, is consumer sentiment about the economy tied to any real metric? With a lot of noise, it does appear to be correlated.The University of Michigan has been measuring consumer sentiment for over half a […]

Analytical Overview Of The Main Currency Pairs – Wednesday, April 3

Apr 03, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0742 Prev Close: 1.0768 % chg. over the last day: +0.24 % The euro traded below $1.08 yesterday, hitting its lowest level since February 14, as investors expect the European Central Bank to ease policy more than the Federal Reserve this year. After German data […]

Taiwan Semiconductor: Chart Analysis

Apr 03, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash This week we are focusing on big semi conductor company, Taiwan Semiconductor; TSM is the symbol. So let’s take a look at this chart.It looks like it’s a nice strong bullish uptrend here, but it may be stalling out and may give us an opportunity to get on board. So we can see this […]

The Bank Of England’s Road To Rate Cuts

Apr 03, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay We think a June rate cut is growing more likely but is far from guaranteed. Much hinges on April’s services inflation data which we think could come in above Bank of England forecasts and tempt the committee to wait a little longer before cutting rates. Whatever happens, we expect at least four rate […]

GBP/USD Analysis: Bears In Control

Apr 03, 2024 Jeremy Parkinson Finance 0

Finally, hopes of the GBP/USD currency pair moving towards the psychological resistance level of 1.3000 in the near term have evaporated. The US dollar is witnessing an increase, supported by US economic data that have surpassed consensus, indicating that the Federal Reserve is likely to cut interest rates after the Bank of England and the […]

New Questions Emerge On Prospects For A June Rate Cut

Apr 03, 2024 Jeremy Parkinson Finance 0

Forecasts that the Federal Reserve will start cutting interest rates in June took another hit after Monday’s relatively firm manufacturing-survey data for March. Markets are still pricing in moderate odds that easing will start at the end of the second quarter, but the incoming data is providing more support for again pushing the date for a dovish […]

Sensex Today Ends 27 Points Lower; Smallcap Stocks Rally

Apr 03, 2024 Jeremy Parkinson Finance 0

After opening the day flat, Indian share markets pared some losses as the session progressed and ended the day muted.Benchmark indices were listless on Wednesday moving in a narrow range on either side of the flatline as investors looked for cues.At the closing bell, the BSE Sensex stood lower by 27 points.Meanwhile, the NSE Nifty closed lower by 7 […]

Bitcoin To Recover Above The 21-Period SMA?

Apr 03, 2024 Jeremy Parkinson Finance 0

Bitcoin bulls have managed to post a moderate rebound after suffering a loss on the higher-than-expected ISM manufacturing PMI (50.3 vs 48.4 expected) has tumbled the investors’ appetite for riskier assets.BTC is now trading in between 21-period (key resistance level) and 50-period SMA, with the latter set to provide support if the Bitcoin bears try […]

Elliott Wave Analysis: GX Uranium

Apr 03, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay GX Uranium Elliott Wave AnalysisFunction – Counter trendMode – CorrectiveStructure – Emerging FlatPosition – Red wave (B) of blue 4 Direction – Red wave (C) should beginDetails – Wave (B) hits above $30. Price could reach 30.80-31.39 before completing wave (B). We will have to see a sharp return below 30 to confirm the start of wave (C)The GX Uranium ETF (URA) has been on a […]