May 2024 - Page 213 of 270 -

Japanese Yen Weakens Despite Government Warnings

May 08, 2024 Jeremy Parkinson Finance 0

The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is prepared to act against excessive currency volatility. Additionally, Bank of Japan Governor Kazuo Ueda noted […]

Ripple’s proposed stablecoin is an ‘unregistered crypto asset’ — SEC

May 08, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

In its May 7 redacted remedies reply brief, the US Securities and Exchange Commission (SEC) has characterized Ripple’s proposed stablecoin as an “unregistered crypto asset,” arguing that it serves as further evidence of the company’s potential to continue engaging in unregulated activities without a permanent injunction.The SEC’s latest court filing comes after Ripple revealed plans […]

BTC/USD Forecast – Bitcoin Continues To Struggle

May 08, 2024 Jeremy Parkinson Finance 0

Bitcoin desperately needs low interest rates in order to flourish. That’s the exact reason that it exists. It was to get away from fiat money printing and low interest rates. Oddly enough, we have both money printing and high interest rates in America. And I think, quite frankly, that is going to throw chaos into the markets overall. […]

Wheat Commodity Elliott Wave Technical Analysis

May 08, 2024 Jeremy Parkinson Finance 0

Wheat Elliott Wave Analysis Function – TrendMode – TrendStructure – Impulse for wave (A)Position – Wave 5 of (A)Direction – Wave 5 of (A) is still in playDetails – We can confirm that the recovery from 523’6 is an impulse for (A). We should see a further extension to the 661’4-703’2 Fibonacci zone where wave (B) might begin. Not much has changed since the previous update.Wheat […]

Nalytical Overview Of The Main Currency Pairs – Wednesday, May 8

May 08, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0763 Prev Close: 1.0754 % chg. over the last day: -0.08% This year, optimism about the Fed’s easing plans increased after softer-than-expected US labor market data. At the same time, the ECB is expected to start lowering borrowing costs in June. ECB chief economist Philip Lane said […]

Copper Market Commentary – Wednesday, May 8

May 08, 2024 Jeremy Parkinson Finance 0

Copper Correction ContinuesCopper prices have come under heavy selling pressure on Wednesday with the futures market down almost 2% on the session so far. The weakness comes in response to the ongoing rebound in the US Dollar as the greenback continues to recoup the losses suffered last week on the NFP undershoot. Hawkish comments from […]

Market Briefing For Wednesday, May 8

May 08, 2024 Jeremy Parkinson Finance 0

More sanguine than the world – describes the stock market this week so far. If an assassination attempt on two leaders (Zelenski in Ukraine and MBS via a car bomb in Saudi Arabia, as some assert, but media has no coverage) not even a ripple through the S&P from these stories. (It was clearly bogus; most […]

Vitalik Buterin addresses concerns over Signal’s protocol integrity

May 08, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Ethereum co-founder Vitalik Buterin has weighed in on the growing concerns surrounding the encrypted messaging app Signal, emphasizing the importance of free speech and decentralization in response to revelations about the app’s board chair and potential ties to US intelligence.In an X post sharing an article from City Journal, Block founder Jack Dorsey acknowledged that […]

Cracks In The Labor Market

May 08, 2024 Jeremy Parkinson Finance 0

So much happened in the spring of 2020 that it’s easy to forget we were on track for a recession just before COVID hit. QI Research founder Danielle DiMartino Booth mentioned this during her presentation with Lacy Hunt at our Strategic Investment Conference.Danielle is seeing recession indicators today. Let’s look at one part of the […]

The TJX Companies Inc.(TJX) Stocks Elliott Wave Technical Analysis

May 08, 2024 Jeremy Parkinson Finance 0

TJX Elliott Wave Analysis Trading Lounge Daily Chart,The TJX Companies Inc., (TJX) Daily ChartTJX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {v}.DIRECTION: Upside in Minute {v}. DETAILS: Looking for a bottom in wave {iv} in place to then continue higher. Equality of {v} vs. {i} stands at 108$. TJX Elliott Wave Analysis Trading Lounge 4Hr […]