May 2024 - Page 145 of 270 -

Asia Morning Bites For Thursday, May 16

May 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields tumbled after what was, objectively viewed, only a very modest undershoot of April’s inflation forecasts. The 2Y yield fell 9.1 basis points while the 10Y fell 9.9bp and is now just 4.34%. There was also some help from the retail sales release, and for […]

Elliott Wave Analysis For Major Indices S&P 500, SPY, Nasdaq 100, QQQ

May 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashS&P 500, SPY, Nasdaq 100, QQQ, DAX, FTSE 100, ASX 200: Elliott Wave Trading StrategiesElliott Wave Analysis Indices: SP 500 & NASDAQWave v of (v) of iii) of 1 of (5) of 3) of IToday, I will bring this count into the QQQ, SPY, DAX, FTSE, and ASX200. We’ll examine both the bigger picture […]

Current Analysis: MediPal Holdings Corporation

May 15, 2024 Jeremy Parkinson Finance, No picture 0

MediPal Holdings Corp (MAHLY) distributes pharmaceuticals and health and beauty products to medical institutions and retailers.The firm operates in three segments: (1) prescription pharmaceutical wholesale; (2) cosmetics, daily necessities, and OTC pharmaceutical wholesale; and (3) animal health products wholesale.The prescription pharmaceutical business generates the majority of revenue and distributes products to hospitals, clinics, and pharmacies.The […]

Financial Markets Report For Wednesday, May 15

May 15, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, May 15.Video Length: 00:18:56More By This Author:SPDR ETF Report For Monday, May 13Metals Report For Monday, May 13Financial Markets Report For Monday, May 13

GBP/USD Extends Its Upside Above 1.2680 On Weaker US Dollar

May 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash GBP/USD gains momentum around 1.2688 amid the weaker USD on Thursday. The US CPI inflation eased to 3.4% YoY in April from 3.5% in March, as estimated. Steady UK wage growth raised fears of persistent inflationary pressures. The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 15

May 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashVIX expiration today, once completed it was back to business which was to sell the VIX and buy the underlying volatility. Implementing the trade is a self-fulfilling trade. Nonetheless, the NQ and ES went parabolic at times both reaching existing highs (NQ) and new highs (ES). I have turned my focus to the 4-hour […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

May 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Aiden Pleterski, the self-proclaimed “Crypto King” from Whitby, Ontario, has been arrested on charges of fraud and laundering the proceeds of crime in Canada.The arrest follows Pleterski’s collection of millions of dollars from investors, which he allegedly spent on luxury goods instead of investing in digital assets. During the crypto boom between 2021 and early […]

AUD/USD Extends Rally As Buyers’ Eye 0.6700 Ahead Of Aussie’s Job Data

May 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Australian Dollar gained over 1% against the US Dollar, on Wednesday. US April CPI rose by 0.3% MoM, core CPI dipped as expected. Australian wages grew less than estimated, hinting at easing inflationary pressures. The Australian Dollar surged more than 1% against the US Dollar on Wednesday after data showed that consumer inflation […]

EUR/USD Reaches For 1.0900, Easing US CPI Inflation Pummels Greenback

May 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD climbs on broad-market Greenback selloff. US CPI inflation eases further, sparking Fed rate cut hopes. Bets for September rate cut firm up. EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week. Broad-market selling pressure […]

NZD/USD Price Analysis: Bulls Gather Traction And Brighten The Outlook, Indicators Hit Overbought Conditions

May 15, 2024 Jeremy Parkinson Finance 0

Photo by Thomas Coker on Unsplash The daily RSI of the NZD/USD signals it is approaching overbought, which often indicates future consolidation or potential reversal. The same indicators in the hourly chart further strengthen this view, specifically, with the RSI crossing the 70 mark. Buyers regained the 100 and 200-day SMAs, and this points to a bullish outlook. […]