May 2024 - Page 161 of 270 -

PPI Springboard

May 14, 2024 Jeremy Parkinson Finance 0

S&P 500 is consolidating before PPI, having seen its upswing attempt rejected, corporate bonds stalled, and fear of inflation data culminating with CPI tomorrow, is there. Yet, there are several premarket hints – Russell 2000 rising as yields retreat a little, and also copper not being shy about extending sharp gains. Crude oil is of […]

Higher PPI Fails To Rattle Stocks: What’s The Next Move?

May 14, 2024 Jeremy Parkinson Finance 0

The S&P 500 keeps fluctuating. Is this just a pause before another leg up?Stocks went sideways again yesterday, with the S&P 500 index dropping 0.02% from its Friday closing price. The market is dealing with uncertainty ahead of tomorrow’s consumer inflation data. This morning, we received the Producer Price Index number, which was higher than […]

Trade Between U.S., China, And Rest Of The World Falls In Storm Of Anti-Free Trade Policies

May 14, 2024 Jeremy Parkinson Finance, No picture 0

The storm of anti-free trade policies resumed taking its toll on trade between the U.S. and China and also between the U.S. and the rest of the world in March 2024.March 2024 saw the resumption of the United States’ decline in trade with both China and the rest of the world. After hinting a month […]

EUR/USD Outlook: Euro Steadies Ahead Of US PPI Data

May 14, 2024 Jeremy Parkinson Finance 0

The EUR/USD outlook is bullish, as the euro shows remarkable resilience ahead of US wholesale inflation data. Despite a small pullback, the pair has sustained its recent uptrend amid signs that the economic performance gap between the Eurozone and the US is closing.Notably, recent data has revealed some economic improvements that have eased pressure on […]

The VVIX And VIX Highlight Complacency

May 14, 2024 Jeremy Parkinson Finance 0

After a brief spurt of volatility accompanying the 6% market decline in April, implied volatility (VIX) and volatility of volatility (VVIX) have fallen back to multi-year lows. The lesser known volatitly gague VVIX is down to levels last seen ten years ago. VVIX measures the volatility of the VIX index. While they do correlate well, […]

LayerZero CEO confirms 100,000 wallets self-report Sybil activity

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Bryan Pellegrino, CEO of LayerZero Labs, announced that up to 100,000 wallets self-reported their Sybil behavior. According to Pellegrino, this data collection will be considerably valuable in identifying participants using similar methods and software for fraudulent activities in the future. “My intuition is that a confirmed data set of 100,000+ is going to be extremely […]

Powell, PPI, And US Tariff Announcement On China Featured

May 14, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Overview: The tone in the foreign exchange market today is mostly consolidative. The two notable exceptions are the yen and yuan. Despite higher JGBs yields amid speculation that the BOJ will scale back bond purchases, as it did yesterday, to support the yen, the greenback is at its best level since the suspected intervention. […]

USD Rebounds Ahead Of Fed Chair Powell’s Speech

May 14, 2024 Jeremy Parkinson Finance 0

The USD Index continues to consolidate within 105.093-105.827 range ahead of Fed Chair Powell’s speech today (May 14) and key U.S. macroeconomic data scheduled for release today and tomorrow (May 14-15). Key Macro Readings Investors will be watching today and tomorrow: Today – Tuesday, May 14 US PPI: Producer prices are expected to rise slightly to 0.3% from 0.2%. Speech by […]

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Rea Group Ltd.

May 14, 2024 Jeremy Parkinson Finance 0

ASX: Rea Group Ltd. – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Rea Group Ltd. – REA. We identified that wave 2-red may have just ended, and wave 3-red could push much higher.ASX: Rea Group Ltd. – REA Elliott Wave Technical Analysis ASX: […]

Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B

May 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

A Dutch court at ‘s-Hertogenbosch has convicted Alexey Pertsev, a 31-year-old Russian national and developer of the crypto mixing platform Tornado Cash, of laundering $1.2 billion in illicit assets.The three-judge panel is expected to sentence Pertsev on Tuesday, and his lawyers will have 14 days to appeal the decision.The verdict is set to have a […]