May 2024 - Page 15 of 270 -

USD/JPY Price Analysis: Slips Below 157.00 As Bearish Engulfing Pattern Looms

May 30, 2024 Jeremy Parkinson Finance 0

USD/JPY slips from weekly highs of 157.71, down 0.30%. The technical outlook remains neutral to upward, with key resistance at 157.00 and 157.71. Support levels to watch: Tenkan and Kijun-Sen at 156.76/60, Senkou Span A at 156.32, and 156.00 mark. The USD/JPY dropped from weekly highs of 157.71 on May 29 after data from the United […]

Investors Beware: Could Yield Curve Be Hinting A Stock Market Crash Is Ahead?

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Yield Curve Remains Inverted, But What Happens When It Turns?If you invest in the stock market, it’s important to pay attention to the yield curve. It’s saying the stock market could be in a precarious state, and that lots of volatility could be ahead.Before going into any details, know that the yield curve […]

Has The NIO Stock Price Bottomed? June 6th Will Be Key

May 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash NIO shares have jumped by almost 50% from their lowest level this year. The company is facing a mountain of challenges like competition and margin pressure. NIO will publish its financial results on June 6th. NIO (NYSE: NIO) stock price has staged a strong recovery in the past few weeks as some […]

Momentum Trading Vs. Greater Fool Theory

May 30, 2024 Jeremy Parkinson Finance 0

Over the past few weeks, we have seen a dramatic increase in the trading of speculative stocks. The recent meme-stock mini-craze got much attention, but the volumes and activity in a wide range of small-cap stocks have seen a marked upsurge as well. Clearly, volume begets volume. We know that many of you are participating because we have seen […]

Canadian Banks Put Aside More For Loan Losses As The Economy Continues To Deteriorate

May 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Canadian banks are setting aside around $ 4 billion in loan provisions, a trend that has been accelerating and one that should alarm the Bank of Canada that its monetary policy is choking the economy. Loan loss provisions have been growing steadily over the past year and with each passing quarter, the Canadian banks […]

SEC sets tomorrow as deadline for Ethereum ETF issuers to submit draft S-1 forms

May 30, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The Securities and Exchange Commission (SEC) has requested spot Ethereum exchange-traded fund (ETF) issuers to submit their draft S-1 forms by Friday. The announcement came one day after BlackRock filed an updated S-1 form with the SEC.Two sources familiar with the matter told The Block that the SEC would review and comment on the filings […]

5 Sector ETFs With Double-Digit Gains In May

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Wall Street has been on a solid rally in May, buoyed by renewed Fed rate cut bets, solid corporate earnings and the artificial intelligence (AI) boom. All three major bourses hit record highs this month, touching new milestones. The S&P 500 crossed 5,300, the Dow Jones Industrial Average touched 40,000 and the Nasdaq […]

What A China-Taiwan Conflict Could Mean For Semiconductors, Gold

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay American-made weapons will soon be bound for Taiwan, American lawmakers are telling Taiwanese President Lai Ching-te, sending shockwaves of uncertainty through electronics and metals markets this week.In a pointed “celebration” of Lai’s recent inauguration, Chinese military aircraft and warships have been conducting large-scale drills around the island. China considers Taiwan a strayed member of […]

Canadian Dollar Rebounds As Market Sentiment Recovers, Greenback Softens

May 30, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash Canadian Dollar pivots into high side on Thursday amid fresh risk appetite. Canada finds better-than-expected Current Account figures. US GDP growth cooled as expected, sparking fresh rate cut hopes. The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in […]

Elliott Wave Technical Analysis: Soybeans – Thursday, May 30

May 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Soybeans Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Double Zigzag for (2) Position – Wave 1 of (3) Direction – Wave 1 of (3) Details – Wave 1 of (3) broke to the downside and is now leaving the congestion area. More downside is expected especially if blue wave ‘iv’ of […]