May 2024 - Page 143 of 270 -

Investors Get The Perfect Combination Of Economic Data

May 16, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay It hasn’t been difficult to reconcile the latest price action in financial markets. Wednesday’s round of US data has certainly been responsible for the run of broad based US Dollar selling and fresh record highs in US equities.Video Length: 00:01:25More By This Author:Strange Reaction To Hot US Inflation Data Getting Ready For First […]

GBP/USD Forex Signal: Bullish Momentum Gains Steam

May 16, 2024 Jeremy Parkinson Finance 0

Bullish view Buy the GBP/USD pair and set a take-profit at 1.2750. Add a stop-loss at 1.2600. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2670 and a take-profit at 1.2600. Add a stop-loss at 1.2740. The GBP/USD bullish momentum continued this week as it jumped to its highest swing since April 10th after the mixed […]

US Dollar Breaks Key Support Against Swiss Franc

May 16, 2024 Jeremy Parkinson Finance 0

The USDCHF currency pair has broken below the rising trendline support visible on the daily chart, followed by a breakdown below the key 0.8997 support level. This technical breakdown suggests that the recent upside move from the 0.8332 low has likely completed at the 0.9223 high. Further Downside Risks Emerge Following the break of the […]

Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Thursday, May 16

May 16, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, U.S.Dollar /Canadian Dollar (USD/CAD) Day Chart USD/CAD Elliott Wave Technical Analysis FUNCTION: Counter TrendMODE: Corrective STRUCTURE: blue wave CPOSITION: black wave E of triangleDIRECTION […]

Australia: Mixed News From The Labor Front

May 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayOn the one hand…Employment growth of 38,500 was stronger than the consensus expectation for 23,700 job gains in April. But the good news ends there. Full-time jobs with their higher wages and other benefits fell by 6,100 and there was a small downward revision to the previous month’s gains. Part-time employment growth made up all of the […]

Market Briefing For Thursday, May 16

May 16, 2024 Jeremy Parkinson Finance 0

Records everywhere – and while worried in some ways (mostly geopolitical), it’s not extremely overbought, and that’s been the point, especially aside S&P. depositphotos CPI indeed was a tad shy of consensus, but dig into it and it would be lower by a considerable degree if not for increases in things like ‘auto insurance’. In any event no […]

Gold Price Drifts Higher As US CPI Inflation Fuels Fed Rate Cuts

May 16, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold price trades in positive territory due to the weaker USD on Thursday. The softer US CPI inflation data prompted the hope that the Fed may cut interest rates, boosting the price of precious metals. The Fed’s hawkish remarks might cap gold’s upside; Fed’s Barr, Harker, Mester, and Bostic are set to speak […]

Q1 Bitcoin ETF holders: 1500 institutes reported, Millennium leads with nearly $2 billion in holdings

May 16, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Yesterday marked the deadline for investment firms managing over $100 million in Bitcoin exchange-traded fund (ETF) shares to disclose their holdings, and the data shows that these newly launched ETF products are attracting significant interest from institutional players.According to combined data from Fintel, over 1500 investment firms disclosed total ownership of around $10.6 billion in these […]

AUD/JPY Drops To Near 103.00 After The Mixed Aussie Employment Data

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUD/JPY loses ground as higher Aussie unemployment data bolsters the dovish sentiment surrounding RBA’s policy stance. The Aussie Unemployment Rate rose to 4.1%, marking the highest jobless rate since January. The lower Japanese GDP in Q1 has weakened the Japanese Yen (JPY) advance. AUD/JPY snaps its three-day winning streak, trading around 103.00 during […]

Elliott Wave Analysis On SPX Looking To Extend Higher In Impulsive Structure

May 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThe short-term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45, and dips in wave ((ii)) ended at 5013.45. The Index is nesting higher within wave ((iii)). […]