May 2024 - Page 172 of 270 -

Gold Slips Ahead Of US Inflation Data But Bullish Trend Remains Intact

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Gold fell in the first half of Monday’s session, apparently due to profit-taking following its 2.5% gain last week that saw the metal end a two-week losing streak. The underlying trend remains bullish with the metal on course to potentially end higher for the third consecutive month. The metal was on the ascendancy again for much […]

Correction Is Retraced, But Will Stocks See Further Upside?

May 13, 2024 Jeremy Parkinson Finance 0

S&P 500 gets even closer to late March record – will it break higher?Friday’s trading session didn’t change that much, with the S&P 500 index gaining 0.16% and slightly extending its recent advances. The market reached a new local high of 5,239.66 and it was the highest since April 4. It has retraced almost all […]

Small Cap Profit Margins Confirm NFIB Findings

May 13, 2024 Jeremy Parkinson Finance 0

A few weeks ago, we wrote Economic Warning From The NFIB to share information from the latest NFIB small business survey. While the economy appears to be in good shape, the NFIB shows that smaller businesses, including some small-cap stocks, are suffering. Per the article: “the NFIB small business confidence survey declined in its latest reading. Not […]

The Commodities Feed: Iraqi Oil Supply Cut Uncertainty

May 13, 2024 Jeremy Parkinson Finance 0

Oil prices have continued to come under pressure after comments from Iraq raised doubts over a rollover of OPEC+ supply cuts. Meanwhile, LME warehouses saw a record increase in aluminum inventories on Friday. Deposit Photos Energy – OPEC+ uncertaintyOil prices remain under pressure this morning after settling 1.3% lower on Friday. Confusion over OPEC+ supply cuts appears […]

Bitcoin layer-2 landscape “set to boom” as BTC keeps outperforming: Bybit

May 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Bitcoin (BTC) layer-2 (L2) blockchains will continue to grow as BTC continues to outperform other major crypto in 2024, according to a report by crypto exchange Bybit.Bitcoin’s market dominance has surged to 51.1% as of May 7, signaling a robust uptrend since late September 2023. This growth is largely attributed to the US approval of […]

Forex Today: US Stock Markets Advance On Earnings Optimism

May 13, 2024 Jeremy Parkinson Finance 0

Major US stock market indices continue to rise bullishly on corporate earnings optimism as the week begins. depositphotos Major US stock market indices are advancing bullishly towards their all-time highs, despite the lack of rate cuts. The bullishness is widely believed to be because S&P 500 Index companies are reporting higher than expected corporate earnings, beating market expectations. As Forex markets are […]

EURUSD At Critical Trendline Resistance: Downtrend Resumption Or Bullish Reversal?

May 13, 2024 Jeremy Parkinson Finance 0

The EURUSD currency pair is once again facing resistance from the falling trendline visible on the 4-hour chart. This trendline will likely determine the pair’s near-term directional bias.As long as the trendline resistance holds on a closing basis, the recent rally from the 1.0600 low is expected to be viewed as a corrective bounce within […]

USD/JPY Forecast: One Way Trade

May 13, 2024 Jeremy Parkinson Finance 0

At this point in time, the 158 yen level above could be a target, but I think it’s going to take a certain amount of momentum to make that happen. In general, I am a buy on the dip type of trader here, and I think that the 155 yen level is going to be […]

Oil Trades Near Last Line Of Support Before Substantial Correction

May 13, 2024 Jeremy Parkinson Finance 0

Oil prices edge up slightly on Monday, but levels are flashing red lights after closing nearly flat last week. The black gold has been unable to rally on the back of further rising tensions on the situation in the Middle East after the US suspended the delivery of certain weapons to Israel amid concerns over […]

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: WiseTech Global Limited

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ASX: WiseTech Global Limited – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WiseTech Global Limited – WTC. We identify that WTC is bullish with wave (v) to continue pushing higher. In the forecast we made last week, the current WTC […]