April 2024 - Page 18 of 153 -

Bernstein maintains $150K Bitcoin prediction despite ‘short-term pause’ caused by ETF flows

Apr 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Research and brokerage firm Bernstein recently released a note specifying and maintaining its bullish outlook for Bitcoin despite the recent slowdown in spot Bitcoin exchange-traded fund (ETF) flows.In a note to clients on Monday, Gautam Chhugani and Mahika Sapra described the trend as a “short-term pause” and maintained their $150,000 price target for Bitcoin by […]

EUR/USD Analysis: Rangebound Trading Ahead Of Key Events

Apr 29, 2024 Jeremy Parkinson Finance 0

According to the results of the economic data, news has indicated that the core Personal Consumption Expenditures (PCE) Price Index reached 3.7% on a quarter-over-quarter annualized basis, which is three points higher than expectations. The core PCE Price Index is included in the US Gross Domestic Product (GDP) quarterly report and is simply a measure of consumer spending. Clearly, […]

USDJPY: Uptrend On Hold Or Correction Incoming?

Apr 29, 2024 Jeremy Parkinson Finance 0

USDJPY’s recent price action suggests a shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair.USDJPY Breaks Trend Line: Uptrend Faces Hurdle: A key technical development is the break below the rising trend line on the 4-hour chart. This trend line had been a strong support level throughout the […]

Soybeans Commodity Elliott Wave Technical Analysis

Apr 29, 2024 Jeremy Parkinson Finance 0

Soybeans Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse for (5) Position – Wave 2 of (5) Direction – Wave 3 of (5) Details – Wave 2 of (5) may have been completed and the price is currently in 3. A break below 1144 will confirm further provided the current rally does not […]

Gold Steadies As Silver Potentially Gears Up For Breakout Above $30

Apr 29, 2024 Jeremy Parkinson Finance, No picture 0

Last week saw both gold and silver close lower as investors finally responded to the recent strength of the US dollar and reduced Fed rate cut bets amid hot inflation data. This week, we will have plenty of US macro highlights to look forward to, which could impact at least the short-term trajectory of precious […]

Copper Market Commentary – Monday, April 29

Apr 29, 2024 Jeremy Parkinson Finance 0

Copper Breaking OutThe rally in copper prices continues this week with copper futures breaking out to fresh highs for the year across early trading on Monday. The market has been on a tear this year with futures now up around 25% from the YTD lows. The rally this year comes despite a broad uptrend in […]

Ethereum Price Drops Below $3200 And EMA200 Moving Average

Apr 29, 2024 Jeremy Parkinson Finance 0

Ethereum chart analysisOver the weekend we saw a bullish consolidation of Ethereum price from $3069 to $3355 level. On Sunday, the price formed a new high, after which we stopped there and initiated a pullback. Soon, the first bearish impulse was seen and a drop below the $3300 level, and by the end of the day, the […]

Bitcoin Forecast: Bitcoin Looks For Momentum

Apr 29, 2024 Jeremy Parkinson Finance 0

Keep in mind that Bitcoin of course, is dealing with a very strong U.S. dollar, but perhaps more than anything else, it is dealing with the excess froth of rallying 92% in six weeks like it did after the announcement of the ETF and the subsequent inflow of money from institutions. This has been amazing to watch, […]

For Equities To Repeat Last Week’s Feat, They Will Need Help From Both FOMC And Tech Earnings This Week

Apr 29, 2024 Jeremy Parkinson Finance 0

In the latter part of last week, tech delivered, helping the major US equity indices rally big. Two issues could make or mar this week. The FOMC meets, and two more tech behemoths report earnings. The FOMC meets this week, and what comes out of it could prove to be crucial for risk assets.US stocks […]

Circle’s USDC pulls ahead of Tether’s USDT in transaction volume — Visa

Apr 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Circle Internet Financial’s stablecoin, USDC, has surpassed Tether’s USDT as the market leader in transaction volume this year, according to data compiled by Visa Inc. in partnership with Allium Labs.The adjusted stablecoin metric, which aims to reflect the state of the stablecoin market while minimizing potential distortions from inorganic activity and artificial inflationary practices, shows […]