May 2024 - Page 131 of 270 -

Natural Gas Prices Rose To A 4-Month High

May 17, 2024 Jeremy Parkinson Finance 0

Photo by American Public Power Association on Unsplash At Thursday’s close, the Dow Jones Industrial Average (US30) decreased by 0.10%, while the S&P 500 Index (US500) was down 0.21%. The Nasdaq Technology Index (US100) closed negative 0.26%. Stock indices initially set new record highs on speculation that the Federal Reserve could cut interest rates this year. But by the end of the trading day, stock […]

British Pound Extends Rally Against US Dollar Upside Momentum Remains Strong

May 17, 2024 Jeremy Parkinson Finance 0

The GBPUSD currency pair has broken out above the 1.2633 resistance level, rallying as high as 1.2700 in recent trading sessions. The bullish momentum shows no signs of letting up just yet, with the potential for further gains over the coming days. 1.2800 Next Upside TargetFollowing the breakout above 1.2633, the first key resistance level to […]

EUR/GBP Forecast: Grinds Higher

May 17, 2024 Jeremy Parkinson Finance 0

The upsideIf we can break above the 0.86 level, then it opens up the possibility of moving to the 0.8650 level, and then possibly another 100 points to the 0.8750 level. Historically speaking, the 0.85 level underneath, which is where we bounced from, is a massive support level going back several years on the monthly […]

Walgreens Boots Alliance, Inc. Dividend Stock Analysis

May 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Linked here is a detailed quantitative analysis of Walgreens Boots Alliance, Inc. (WBA). Below are some highlights from the above linked analysis:Company Description: Walgreens Boots Alliance, Inc. is the largest U.S. retail drug chain in terms of revenues, this company operates more than 8,000 drug stores throughout the U.S. and Puerto Rico.Fair Value: In calculating fair value, […]

AUD/USD Outlook: Aussie Stumbles On Downbeat Employment

May 17, 2024 Jeremy Parkinson Finance 0

The AUD/USD outlook has turned slightly bearish as the Australian dollar retreats from recent highs, prompted by an unexpected spike in Australia’s unemployment rates. Meanwhile, the dollar remained weak following data showing easing inflation in the US.Data on Thursday revealed a bigger-than-expected jump in Australia’s employment. The country added 38,500 jobs in April from the […]

Binance partners with Taiwan authorities in $6.2M money laundering crackdown

May 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Binance’s Financial Crimes Compliance (FCC) department has recently joined forces with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to take down an NT$200 million ($6.2 million) money laundering operation, said Binance in a press release published today.As reported, the suspects in the case were involved in sophisticated money laundering activities […]

BTC/USD Forecast: Strong With Resistance

May 17, 2024 Jeremy Parkinson Finance 0

Short-term pullbacks should be buying opportunitiesShort-term pullbacks should continue to be buying opportunities with the 50-day EMA below and the $60,000 level both offering support. Ultimately, I don’t have any interest in trying to short this market and I think that pullbacks continue to be buying opportunities. In fact, that’s exactly how I’m going to trade the BTC/USD market because […]

Gold Price Projections For June

May 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In today’s episode, me and Chris Vermeulen discuss the seasonality of markets, historical market patterns, and how the U.S. election year might influence market dynamics. We also cover:Outlook for General Equities Markets: What is the current state of the stock market?Sentiment Analysis and Market Psychology: Why does Chris emphasize the importance of gauging […]

FX Daily: Calm Waters Ahead

May 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In the two weeks leading to the 31 May US core PCE release, markets may experience reduced volatility. This is not necessarily bad news for the high-yielding USD, but the yen looks more fragile. A stabilization in EUR/USD around 1.08/1.09 or some modest downside pressure is our expectation for the near term. USD: […]

USD/CHF Advances Toward 0.9100 Due To Lower Swiss Industrial Production

May 17, 2024 Jeremy Parkinson Finance 0

Photo by Claudio Schwarz on Unsplash USD/CHF continues to advance after the release of lower Swiss production data on Friday. Swiss Industrial Production declined by 3.1% in Q1, marking the second consecutive quarter of declining industrial activity. The US Dollar appreciates Fed officials suggesting prolonging higher rates as pricing pressure persists in the US economy. USD/CHF extends its […]