April 2024 - Page 49 of 153 -

German Consumers Take An Optimistic Turn

Apr 25, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay A better-than-expected improvement in consumer confidence not only adds to recent positive macro news out of Germany but also gives hope that private consumption could pick up over the coming months.Even German consumers are brightening up. Consumer confidence increased to the highest level in two years at -24.2 in May, from -27.3 in April. […]

Japanese Yen Hits All-Time Low As BoJ Meeting Commences

Apr 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further […]

The Government Spent $11 Trillion

Apr 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Uncle Sam tried his best to buy a recovery. The sheer amount of money redistributed by the federal govt the past four years is incomprehensible. Here’s the thing: the transfers didn’t stop in 2021. A huge chunk of them kept going right on to today. And still, it wasn’t enough to stabilize an […]

Morgan Stanley mulls allowing brokers to recommend Bitcoin ETFs

Apr 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Morgan Stanley is considering allowing its 15,000 brokers to recommend Bitcoin exchange-traded funds (ETFs) to clients, reported AdvisorHub on April 24.The financial institution had initially approved Bitcoin ETF purchases following regulatory approval earlier this year. However, clients had to proactively request these products from advisors.Now, Morgan Stanley is weighing a shift to let brokers actively […]

Thoughts For Thursday: Stock Indices Stay Steady Amid Corrections

Apr 25, 2024 Jeremy Parkinson Finance 0

So far April has been a month for corrections but the major indices have kept a steady keel from Tuesday to Wednesday, this week. Middle East tensions are keeping oil prices high which is spilling over to hesitation in some stocks.Pixabay The S&P 500 closed at 5,072 on Wednesday, (5,071 on Tuesday), up 1 point, the Dow […]

Two Trades To Watch: EUR/USD, FTSE Forecast

Apr 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD rises after German consumer confidence & ahead of US GDP data German consumer confidence rose to 24. US Q1 GDP is expected to slow to 2.5% from 3.4% EUR/USD tests 1.07-1.0725 resistance zone The EUR/USD is pushing higher after a flat finish yesterday as investors digest stronger-than-expected German consumer confidence and look […]

Elliott Wave Technical Analysis: Natural Gas – Thursday, April 25

Apr 25, 2024 Jeremy Parkinson Finance 0

Photo by American Public Power Association on Unsplash Natural GasMode – Impulsive Structure – Impulse Wave Position – Wave (iii) of 5Direction – Wave (iii) of 5 still in playDetails: Price now in wave iii as it attempts to breach 1.65 wave i low. Wave (iii) is still expected to extend lower in an impulse.Natural Gas is currently breaching the previous April […]

Gold & Silver Could Spike In Next 12-18 Months

Apr 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Jeffrey Christian, Founding and Managing Director of CPM Group, a precious metals consultancy has followed, covered, and advised on Gold and Silver for decades.He thinks the second half of 2024 will be stronger than the first for both metals and he says they have the potential to spike in the next 12 to […]

Copper Market Commentary – Thursday, April 25

Apr 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Fund Inflows Boosting CopperCopper prices are pushing higher again on Thursday following a brief correction lower in recent days. The fresh uptick has been attributed to sizeable fund inflows as money managers continue to buy into the metal. Along with heavy fund inflows, supply shortages continue to underpin bullish sentiment. Goldman Sachs is […]

QCOM Wants To Create Competition In The AI Chip Market

Apr 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash At Wednesday’s close, the Dow Jones Industrial Average (US30) was down 0.11%, while the S&P 500 Index (US500) was up 0.02%. The Nasdaq Technology Index (US100) closed positive 0.10%. The US stock indices traded mixed, with the S&P 500 (US500) and Nasdaq (US100) hitting weekly highs. Strengthening technology stocks provided support for the overall market. However, the broader market’s gains were limited […]