May 2024 - Page 124 of 270 -

Several States Take Steps To Block A Central Bank Digital Currency

May 17, 2024 Jeremy Parkinson Finance 0

Several states have taken action over the last two years in an effort to block the implementation of a central bank digital currency (CBDC) in the United States.Indiana was the first state to pass legislation relating to central bank digital currency. Enacted in 2023, the law explicitly excludes a CBDC from the definition of money […]

Gold And Silver Bull Analogs

May 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Gold and Silver especially closed the week higher, with Silver surging to above $31/oz while Gold closed at a weekly higher high, above $2400/oz.Gold is building on its cup and handle breakout, which has a measured upside target of $2900-$3000/oz.Silver is gaining strength after breaking resistance at $29-$30/oz. This is the highest weekly […]

Base records 212% increase in perpetual trading volumes

May 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Base is the blockchain with the most significant monthly and weekly perpetual trading volume growth among the 10 largest chains in total value locked (TVL), according to data aggregator DefiLlama. This weekly jump can be attributed to the recently launched perpetual decentralized exchange (perp DEX) JOJO, which has presented a nearly 75% growth in trading […]

Robinhood Stock Price Forecast: Bank Of America Sees Upside To $24

May 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Robinhood Markets Inc (Nasdaq: HOOD) is flying high on Friday after a Bank of America analyst issued a super bullish note in its favour. Robinhood stock could gain another 22% Craig Siegenthaler doubled-upgraded the financial technology company this morning to “buy” and said its shares could climb to $24 which suggests another 22% upside from […]

Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder

May 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Move-based blockchains are surging in total value locked (TVL) this year, with Sui leaping 233% and Aptos also showing significant growth of 210%, according to data aggregator DefiLlama. Rushi Manche, co-founder of Movement Labs, believes that compatibility with the Ethereum Virtual Machine (EVM) could bolster this growth even more. “I think the biggest issue for […]

Dear Jerome Powell, Is Everything Under Control? Spotlight Gold And Silver

May 17, 2024 Jeremy Parkinson Finance 0

Chart courtesy of BullionStarCongratulations to silver bulls, copper bulls, gold bulls, S&P 500 bulls, Nasdaq bulls, Dow bulls, and US housing bulls?Did I leave anything out? This is the most anti-climatic, stealth bull market move in #Silver I have seen. $30.. $31+ an ounce and headlines are dormant in the financial press. Which means, the […]

Stocks And Precious Metals Charts – A Week Of Gains

May 17, 2024 Jeremy Parkinson Finance 0

Stocks were parked today, after a week of substantial gains.Gold and silver rocketed higher, with silver putting in a short-scorching rally.The Dollar was nominally unchanged.There are big events on the move behind the scenes. For now, we only feel their tremors.Have a pleasant weekend. More By This Author:Stocks And Precious Metals Charts – Stock Option Expiration […]

Market Talk – Friday, May 17

May 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 132.88 points or -0.34% to 38,787.38 Shanghai increased 31.63 points or 1.01% to 3,154.03 Hang Seng increased 177.08 points or 0.91% to 19,553.61 ASX 200 decreased 66.90 points or -0.85% to 7,814.40 Kospi decreased 28.38 points or -1.03% to 2,724.62 […]

Dow Extends May Takeover, Closes Above 40k

May 17, 2024 Jeremy Parkinson Finance 0

The Dow continued its song of success for May this week. The blue-chip index closed above 40,000 for the first time ever today after a triple digit pop, which also helped secure a fifth-consecutive weekly gain. The S&P 500 and Nasdaq also posted weekly wins, their fourth straight, though the latter fell today. After investors unpacked inflation […]

What Comes Next Could Define Markets For Years

May 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels — nothing but CPI — NVDA a defining moment for the AI trade — gold and silver — bond markets — cocktail for volatility — do not be a vol starved animalSPX Expected Move — — last week — 67.29 (5–day expected move) — next week– (5–day expected move)Video Length: 00:20:11More By This […]