May 2024 - Page 232 of 270 -

Natural Gas In A Major Compression… [Dirty Dozen]

May 06, 2024 Jeremy Parkinson Finance, No picture 0

In this week’s Dirty Dozen [CHART PACK] we talk about a likely bottom in risk assets, along with a potential bottom in bonds, followed by an even more intriguing bottom in natural gas, plus more…Pexels“All of us began as research people. And we have a saying, the micro drives the macro. And we never thought we were […]

After 2 Up Weeks, Major US Indices End Last Week Right On 50-DMA

May 06, 2024 Jeremy Parkinson Finance, No picture 0

After peaking in March and dropping in mid- to-high single-digit percent, the major US equity indices have rallied the last two weeks, ending last week right on the 50-day.PexelsA takeout of the average, which was lost three weeks ago, is likely but a sustained move higher is unlikely as overhead resistance is galore..From the March […]

Market Briefing For Monday, May 6, 2024

May 06, 2024 Jeremy Parkinson Finance 0

Boomerang market is actually what we looked for at mid-week. How so? S&P aborted a rally and was declining anew. Looked pretty bleak; but looked at a couple key earnings reports, recognized it would be a challenge back up to the ‘pivot zone’ (that’s the 50-Day Moving Average) around S&P 5100.So we thought Thursday would approach the […]

Visa study reveals 90% of stablecoin transactions are done by bots and large-scale traders

May 06, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

A recent study conducted by Visa and Allium Labs suggests that the vast majority of stablecoin transactions are initiated by bots and large-scale traders, not genuine users.The dashboard, designed to isolate transactions made by real people, found that out of approximately $2.2 trillion in total stablecoin transactions in April, only $149 billion originated from “organic […]

Gold Price Forecast: XAU/USD Holds Below $2,300, FedSpeak Eyed

May 06, 2024 Jeremy Parkinson Finance 0

Image Source: DepositPhotosGold price (XAU/USD) loses its recovery momentum around $2,295 on Monday during the early Asian session. Investors will keep an eye on Fedspeaks this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday. Meanwhile, the US Dollar Index (DXY), a measure of the value of the USD against a weighted […]

Solana And Ethereum Rallying, Furrever Token Marks Presale Success With $10,000 Competition

May 06, 2024 Jeremy Parkinson Finance, No picture 0

In the wake of a challenging week for the cryptocurrency market, several prominent coins, including Ethereum (ETH) and Solana (SOL), are signalling a potential recovery, showing resilience with two consecutive days of surges. As investor sentiment gradually improves, ETH and SOL have emerged as frontrunners in reclaiming lost ground, bolstering hopes of a broader market rebound. Amidst this backdrop, Furrever […]

Bitcoin’s blockchain has processed 1 billion transactions, 15 years after its creation

May 06, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The Bitcoin network has achieved a significant milestone today by processing its one billionth transaction, marking a momentous occasion in the cryptocurrency’s roughly 15-year history.The milestone was reached on May 5, 2023, at 9:34 pm UTC, when transaction #1,000,000,000 was mined into block 842,241.This landmark event comes 15 years, four months, and four days after […]

TRON Crypto Price News Today Elliott Wave Technical Analysis – Monday, May 6

May 06, 2024 Jeremy Parkinson Finance 0

Elliott Wave Analysis TradingLounge Daily Chart TRON/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave IV may be complete and the price increase again in Wave V.TRON/ U.S. dollar(TRXUSD)Trading Strategy: Overall, TRON […]

Euro Stalls At Key Trendline Resistance Against US Dollar

May 05, 2024 Jeremy Parkinson Finance 0

The EURUSD currency pair has staged an impressive rally from the 1.0600 low, breaking above the 1.0752 resistance level and extending its upside move to test the falling trendline resistance visible on the 4-hour chart. However, the pair has so far failed to break through this key trendline barrier, pulling back from the 1.0811 high. Trendline […]

EUR/USD Holds Positive Ground Above 1.0750 Ahead Of Eurozone PMI, PPI Data

May 05, 2024 Jeremy Parkinson Finance 0

Image Source: DepositPhotosThe EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0765 on Monday during the early Asian trading hours. The softer US Dollar (USD) provides some support to the major pair. Traders await the HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone, along with the Eurozone Producer Price Index (PPI), due later in the day. The recent […]