May 2024 - Page 20 of 270 -

Unlocking ASX Trading Success: ASX LMITED – ASX Stock Analysis & Elliott Wave Technical Forecast

May 30, 2024 Jeremy Parkinson Finance 0

ASX: ASX LMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LMITED – ASX. We see that the ASX has extended its correction wave more than expected. So ASX is developing under the Double Zigzag pattern, and looks like it will soon complete wave 2-grey. […]

BTC/USD Forex Signal: Unclear Price Action At Trend Line

May 30, 2024 Jeremy Parkinson Finance 0

My previous BTC/USD signal yesterday was not triggered, as the bullish price action took place a little way below the support level which I had identified at $67,475. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered prior to 5pm Tokyo time Friday. Long Trade Ideas Go long after a bullish price action reversal […]

Precious Metals Market Update May 28th – Metal Prices Surging

May 30, 2024 Jeremy Parkinson Finance, No picture 0

As expected, last week’s pause in the precious metals rally was short-lived, and all metals have resumed their upward ascent this morning. At the time of writing, gold is up $30/oz, and silver is up nearly $2/oz, or 6%. Platinum continues to climb, now firmly above the $1,000/oz threshold, trading at $1,064/oz.Most of the macro […]

Market Briefing For Thursday, May 30

May 30, 2024 Jeremy Parkinson Finance 0

Moderating activity – or even a slightly negative tone to ‘Beige (Tan) Book’ data out today, reflected what we already know: moderating wage increases, continued high prices, and the contours the Fed wants are sort of lacking. depositphotos The Fed wants a slowdown in wage growth ‘and’ slower price growth, and the data sort of suggests the Nation […]

FX Daily: Bond Sell-Off Softens Risk Environment

May 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashA series of softer US Treasury auctions and a sell-off in the longer end of the bond market is weighing on risk assets and providing some support to the dollar. This may well just be a short-term swing ahead of Friday’s key US data release, but it is a trend worth watching. Elsewhere, we […]

Metals Report For Wednesday, May 29

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:19More By This Author:SPDR ETF Report For Wednesday, May 29Financial Markets Report For Wednesday, May 29Metals Report For Tuesday, May 28

Bitcoin and Ethereum ETFs still off the table for Vanguard – it’s not surprising

May 30, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

For Vanguard, crypto assets like Bitcoin and Ethereum are “more of a speculation than an investment,” and chasing speculative assets will never be the fund’s investment philosophy. No doubt Vanguard constantly says no to Bitcoin exchange-traded funds (ETFs). There is no exception for Ethereum ETFs.Earlier this month, Vanguard reportedly appointed ex-BlackRock ETF head Salim Ramji […]

US Dollar Index Forecast Ahead Of US PCE Inflation Data

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The US dollar index (DXY) has rebounded in the past two days. The surge accelerated after the US published strong consumer confidence data. The focus now shifts to the upcoming PCE inflation numbers. The US dollar index (DXY) has staged a strong comeback as investors positioned themselves for a higher-for-longer environment. It soared to over […]

Silver And Gold Vs. CPI At Historic Inflection Points

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThis week, we’ll look at charts of both gold and silver vs. the United States Consumer Price Index, which essentially uses a basket of goods and services to measure the cost of living in the United States over time. Another way to look at these charts is that they are measuring the metals against inflation over time. It is not […]

WTI Drops To Near $79.00 Ahead Of Key US Economic Releases

May 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay WTI price lost ground as traders adopt risk-averse ahead of EIA crude Oil Stocks Change report due on Thursday. OPEC+ is expected to opt to maintain supply cuts of 2.2 million barrels per day on June 2. Risk aversion preceding US GDP and Core PCE data bolsters the US Dollar, which in turn […]