April 2024 - Page 37 of 153 -

USDJPY Charges Higher: Uptrend Confirmed Or Bullish Momentum Extended?

Apr 26, 2024 Jeremy Parkinson Finance 0

USDJPY’s price action suggests continued strength. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Maintains Uptrend: Rising Trend Line Support: A key technical indicator for USDJPY is the rising trend line on the 4-hour chart. As long as the price remains above this trend line, the uptrend that began at […]

Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Chevron Corporation (NYSE: CVX) reported its first-quarter earnings for 2024, showcasing a robust performance despite a slight dip in earnings compared to the previous year.The company announced earnings of $5.5 billion, or $2.97 per share (diluted), a decrease from the $6.6 billion, or $3.46 per share, reported in the first quarter of 2023. Adjusted earnings […]

Eurozone Bank Lending Continues To Cautiously Recover

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The European Central Bank is on the verge of starting rate cuts and monetary developments are proving no hurdle to doing so. March data shows a subdued recovery in bank lending and money growth. With inflation expectations falling further, today’s data is in line with a start to cautious rate cutsThe worst impact of rate hikes on […]

ExxonMobil Earnings: The Big Oil Stock Reports Disappointing Q1 Financial Results

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ExxonMobil left much to be desired in its earnings report today, on April 26th. The company suffered declining earnings and EPS. This comes in spite of alaready negative Q4 financial results earlier this year. Today, on April 26th, energy company ExxonMobil (NYSE: XOM) reported its Q1 2024 financial results before US markets opened.Exxon follows […]

Japanese Market Commentary – Friday, April 26

Apr 26, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay JPY VolatilityTraders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses immediately. Overnight, the BOJ held policy unchanged, defying those expecting a policy response on the back of recent JPY deterioration. The bank reaffirmed its message that it […]

EURUSD Climbs: Uptrend Resumption Or Bullish Correction?

Apr 26, 2024 Jeremy Parkinson Finance 0

EURUSD has displayed renewed buying pressure, breaking above key resistance. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Stages Rally: Upside Move Gains Momentum: EURUSD has built on its upward momentum, reaching a high of 1.0752. This move extends the rally that began at 1.0600. Uptrend or Correction? […]

Retail Sales Data Suggests A Strong Consumer Or Does It

Apr 26, 2024 Jeremy Parkinson Finance 0

The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the chances of a recession […]

Solana sees ‘dramatic increase’ in Institutional demand — CoinShares

Apr 26, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

A recent survey conducted by CoinShares has unveiled a significant shift in institutional investor preferences, with Solana (SOL) experiencing a substantial increase in allocations. The Digital Asset Fund Manager Survey, which polled 64 investors managing a combined $600 billion in assets, highlights the growing interest in altcoins, particularly Solana.James Butterfill, Head of Research at CoinShares, […]

Emerson Electric Co. Dividend Stock Analysis

Apr 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Linked here is a detailed quantitative analysis of Emerson Electric Co. (EMR). Below are some highlights from the above-linked analysis:Company Description: Emerson Electric Co. designs and supplies product technology, and delivers engineering services and solutions to a wide range of industrial, commercial, and consumer markets around the world.Fair Value: In calculating fair value, I consider the NPV […]

Today, Investors’ Focus Is On The PCE Price Index Inflation Report

Apr 26, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay As of Thursday’s close, the Dow Jones Industrial Average (US30) was down 0.98%, while the S&P 500 Index (US500) lost 0.46%. The Nasdaq Technology Index (US100) closed negative 0.64%. US stock indices closed modestly lower, led by technological stock weakness. Meta Platforms (META) fell more than 10% after forecasting second-quarter revenue below consensus and raising its full-year total expense estimate. IBM (IBM) also fell […]