May 2024 - Page 171 of 270 -

Bitcoin whales hold steady amid short-term holder sell-off: Bitfinex

May 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Bitcoin (BTC) short-term holders are behind the recent pullbacks in price, as the negative economic indicators from the US and cautious Federal Reserve statements make them panic, according to the “Bitfinex Alpha” report latest edition. Short-term Bitcoin holders are investors who have held their positions for less than 155 days.Despite the sell-off by short-term holders, […]

USD/CAD Retreats From 1.3700 As US Dollar Falls Sharply, US Inflation In Focus

May 13, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD falls sharply from 1.3700 amid a soft US Dollar. Investors await the US Inflation for fresh guidance on interest rates. Strong Canadian job data deepens uncertainty over BoC rate-cut prospects. The USD/CAD pair falls back sharply while attempting to recapture the round-level resistance of 1.3700 in Monday’s American session. The Loonie asset […]

Commodities And Stocks Are Driving Investment Returns In 2024

May 13, 2024 Jeremy Parkinson Finance 0

April was a rough month for global markets, but commodities and stocks are still the performance leaders for the major asset classes this year, based on a set of ETFs through Friday’s close (May 10).The rebound so far this month following April’s correction has helped keep the winners winning. The top performer this year: commodities (GCC) via […]

Sensex Today Ends 112 Points Higher; Pharma Stocks Shine

May 13, 2024 Jeremy Parkinson Finance 0

After opening the day weak, Indian share markets pared losses as the session progressed and ended the day higher.Indian benchmark indices — S&P BSE Sensex, and Nifty50 — rebounded into the positive zone in the latter half of Monday’s trading session led by renewed buying interest in HDFC Bank, Larsen & Toubro, and other key […]

Week Of May 13, 2024: What’s In Store For The Markets

May 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay “It wasn’t raining when Noah built the ark.” Warren Buffett Market Commentary: Stock market enters the week “overbought” following eight consecutive positive days on the NYSE. S&P 500 advance/decline line remains stronger than the Nasdaq. Light week ahead for earnings releases. Walmart (WMT) and Home Depot (HD) providing insights into retail spending. […]

USD/JPY Analysis: Uptrend Likely To Continue

May 13, 2024 Jeremy Parkinson Finance 0

With the start of trading in the US inflation week, the price of the US dollar against the Japanese yen “USD/JPY” stabilizes around last week’s gains of 155.90 at the time of writing the analysis. Recently, the currency pair returned to the levels of Japanese intervention in the Forex currency markets to prevent further collapse […]

Market Looking Ahead To US Inflation Data

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash It’s been a very quiet start to the week with most currencies trading right around Friday’s closing levels. A lot of what we might see over the coming sessions is positioning ahead of an important run of US inflation data.Video Length: 00:01:06More By This Author:Tariff Talk Invites More US Dollar Demand Signs Of […]

ChatGPT Search? What It Would Mean For News

May 13, 2024 Jeremy Parkinson Finance 0

Photo by Steve Johnson on Unsplash Up until now, chatbots like ChatGPT have been able to do a lot of remarkable things, but one thing most of them are utterly garbage at is returning accurate and useful information about what’s happening in the world right now — you know, giving you the news.That might be about to change.Initial rumors last week […]

Elliott Wave Technical Analysis: Alibaba Group Holdings Ltd.

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash BABA Elliott Wave Analysis Trading Lounge Daily Chart,Alibaba Group Holdings Ltd.,(BABA) Daily ChartBABA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {i} or {a}.DIRECTION: Correction in {ii}.DETAILS: We had five waves up in either a wave C, or else as shown in the chart we could be in wave {i} of else 3. BABA Elliott Wavse […]

US Market Commentary – Monday, May 13

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash S&P Back at HighsFollowing a roughly 6% correction lower in April, the S&P has managed to claw its way back into bullish territory with the index now back up just below all-time highs. Bullish Q1 corporate earnings have been a big boost for the index with S&P companies on track to record their […]