May 2024 - Page 105 of 270 -

GBP/USD Extends Its Upside Above 1.2700, Investors Await Fresh Catalysts

May 20, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay GBP/USD holds positive ground around 1.2710 in Tuesday’s early Asian session. Fed officials remain cautious about the timing of rate cuts, emphasizing the need to hold rates higher for longer. The UK CPI inflation is expected to ease to 2.1% YoY in April from 3.2% prior. The GBP/USD pair extends the rally near 1.2710 on Tuesday during the early Asian […]

Trade Protectionism In Renewables Could “Haunt” The Industry, Chinese Solar Execs Claim

May 20, 2024 Jeremy Parkinson Finance 0

Image Source: UnsplashSolar executives in China are railing against the U.S. and Europe over trade protectionism, claiming that the West should instead “let the best technology win” in their respective markets.The Financial Times conducted an interview with Zhou Shijun, who leads global marketing for Arctech, who told them that the West ignoring the best technology would “come back to haunt” […]

Silver Lining 2.0: The Sequel You’ve Been Waiting For

May 20, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayLast year, in June 2023, I wrote an article titled Silver Lining, outlining the bullish case for silver. At that time, silver was priced around $22.43 an ounce. Today, on May 20, 2024, we’re looking at a significantly different landscape with silver trading at $32.16 an ounce, a remarkable 43% increase, and silver’s highest close […]

Gala Games hit by $200 million in possible inside job

May 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

A smart contract from Web3 gaming protocol Gala Games was allegedly exploited on Monday, with the hacker minting 5 billion units of the token GALA, which roughly translates to $200 million. Transaction that minted 5 billion units of GALA. Image: EtherscanThe user identified as Quit shared on X that the address responsible for the exploit is […]

AUD/USD On The Backfoot, Slides Below 0.6700

May 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Australian Dollar drops 0.37% against the US Dollar, trading at 0.6668. US Treasury yields rise, overshadowing upbeat market sentiment and pressuring AUD. Focus shifts to RBA meeting minutes and upcoming Fed speakers and minutes release. The Australian Dollar registered losses of 0.37% against the US Dollar on Monday, amid rising US Treasury yields […]

Market Drifts Ahead Of NVDA Earnings As Anti-Dollar Plays Rise

May 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The S&P 500 finished barely in the green and was led by the technology sector ahead of a pivotal earnings announcement from NVDA on Wednesday after the close. With an $82 expected move for this week, expect some significant volatility!Aside from NVDA lifting the market today, it was gold, silver, and Bitcoin miners […]

Gold Price Hits Record High: 3 Best Gold Mining Stocks To Buy Now

May 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashJust this morning the price of gold rose to a new all-time high of $2,455 per ounce.The idea of investing in gold can elicit a wide range of responses from people, from strong vitriol to deep praise. You have the gold bugs on one end, whose portfolios are dominated by the yellow metal, and […]

NVIDIA ETFs To Buy Ahead Of Q1 Earnings

May 20, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayInvestors’ favorite NVIDIA (NVDA – Free Report) is set to release its first-quarter fiscal 2025 results on May 22, after market close. The world’s most valuable semiconductor company continued its hot streak of 2023, gaining more than $1.1 trillion in market cap so far this year, powered by the accelerating demand for artificial intelligence (AI).The chipmaker has risen […]

Nvidia Earnings Loom: A Closer Look

May 20, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Q1 earnings cycle has turned out better than feared, with growth showing an acceleration relative to other periods. The technology sector has undoubtedly contributed its share of weight, helping brighten the overall picture notably.With the period winding down, most market participants have shifted their attention to one company that has yet to […]

Stocks And Precious Metals Charts – Tired And Overextended

May 20, 2024 Jeremy Parkinson Finance 0

Stocks managed to have a somewhat positive day led by big tech.The rally overall seems tired and overextended. But still seemingly in the driver’s seat.Gold and silver soared overnight in Asia, with silver going up limit in Shanghai.But the familiar story is the kind of paper games that come into play in London and New […]