April 2024 - Page 47 of 153 -

Jobless Claims Continue Their Snooze-Fest

Apr 25, 2024 Jeremy Parkinson Finance 0

Initial and continuing claims continued their snooze-fest this week.Initial claims declined from -5,000 to 207,000, continuing their nearly 3 month long range of between 200-220,000 per week. The four-week average declined 1,250 to 213,250. This average has remained in the 200-225,000 range for over half a year! Finally, with the typical one-week delay, continuing claims […]

Elliott Wave Technical Analysis: Texas Instruments Inc. – Thursday, April 25

Apr 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash TXN Elliott Wave Analysis Trading Lounge Daily Chart,Texas Instruments Inc., (TXN) Daily ChartTXN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Intermediate (1)DIRECTION: Acceleration in wave 3. DETAILS: Looking for upside in wave 3 as we seem to have had a shallow wave {c} of 2, potentially indicating a strong upward momentum.TXN Elliott Wave Analysis Trading […]

USDJPY Hits Highest Since 1990; What’s Next?

Apr 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Yen is now trading at its weakest levels against the US dollar in 34 years!This major FX pair has crossed above the psychologically-important 155 level, ahead of a slew of major events that could rock FX markets:1) Thursday @ 12:30 GMT: US 1Q GDP; weekly US initial jobless claimsEconomists’ forecasts: US 1Q GDP […]

Treasury Cash Soars Providing A Liquidity Reprieve

Apr 25, 2024 Jeremy Parkinson Finance 0

The U.S. Treasury now has $930 billion in cash in its Treasury General Account (TGA) held at the Federal Reserve. The influx of cash into the Treasury account at the Fed is the result of April 15 tax payments. As shown in the top graph, this is the third highest level it has been and […]

Initial & Continuing Jobless Claims Continue To Ignore Reality

Apr 25, 2024 Jeremy Parkinson Finance 0

In the real world labor market, 2024 has been a shitshow of layoffs… 1. Everybuddy: 100% of workforce 2. Wisense: 100% of workforce 3. CodeSee: 100% of workforce 4. Twig: 100% of workforce 5. Twitch: 35% of workforce 6. Roomba: 31% of workforce 7. Bumble: 30% of workforce 8. Farfetch: 25% of workforce 9. Away: 25% […]

SEC likely to reject Ethereum spot ETF applications, insiders say

Apr 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Spot Bitcoin exchange-traded funds (ETFs) got the green light, but spot Ethereum ETFs might hit the red light. According to a Reuters report published today, sources familiar with recent talks between ETF issuers and the SEC suggest the agency is likely to reject spot Ethereum ETFs during their final review next month.The SEC’s decisions on […]

Gold Eyes Bullish Trend Resumption As Traders Await Key US Data

Apr 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold has been able to regain its poise after the sharp drop we observed at the start of the week. The metal has found decent support around the $2300 level, with traders keeping a close eye on bond yields and incoming US data. Overall, not much has changed in as far as gold’s […]

Earnings Spook The Market But Support Several Models

Apr 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Equity futures point to a weak start when the stock market opens later this morning, following a string of weaker-than-expected guidance that in some cases includes higher spending relative to market forecasts. The standout example was Meta (META), which saw its shares sink double-digits in after-market trading last night. From our perspective, Meta indicated […]

GBP/USD Analysis: Focus Shifts Cautiously To US Data

Apr 25, 2024 Jeremy Parkinson Finance 0

According to recent trading activity, the British pound sterling against the US dollar (GBP/USD) has been on the rise, easing some recent selling pressure. However, the bigger picture remains consistent with ongoing weakness. According to forex trading platforms, the GBP/USD exchange rate has risen towards the resistance level of 1.2470, hovering near it at the […]

Daily Market Outlook – Thursday, April 25

Apr 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Asian stock markets are trading with mixed results on Thursday, following the uncertain signals from Wall Street overnight as META earnings failed to impress afterhours causing a late selloff. Traders are exercising caution as they await the report on first quarter US GDP data, which could potentially influence the outlook for interest rates. […]