May 2024 - Page 247 of 270 -

S&P 500 Gaps 1%+ Higher

May 03, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThe S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+.As shown in the table below, 1%+ gaps higher on a Friday have been the second most frequent of any weekday, […]

Natural Gas Prices Are Negative, Giving Existing Oil And Gas Infrastructure The Advantage

May 03, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayWest Texas has a natural gas problem. But it might not be the kind you’re thinking of. The region is facing an excess in supply. There’s so much natural gas that energy companies are paying to have it taken away.At the Waha gas hub in the Permian Basin, natural gas prices have been in […]

Individual Investors Just Don’t Like Feeding The Ducks

May 03, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayWhat a wild and volatile afternoon it was on Wednesday after the Fed meeting. There was a massive rally followed by a huge decline, as you can see below. It seems that my previous comment about buying weakness and selling strength was a valid one. On Thursday, markets were strongly higher and I heard […]

EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear

May 03, 2024 Jeremy Parkinson Finance, No picture 0

EUR/JPY extends its losses for the third consecutive session, trading around 164.60 during the European session on Friday. The Japanese Yen (JPY) strengthened on Friday following a rally on Thursday attributed to potential Japanese government intervention, marking the second such incident this week, according to a Reuters report. It is worth noting that Japanese banks […]

ZKasino founder arrested in Netherlands and over $11 million seized

May 03, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Netherlands’ Fiscal Information and Investigation Service (FIOD) apprehended one of ZKasino’s founders on April 29. The 26-year-old man was detained on charges of fraud, embezzlement, and money laundering. The criminal probe was initiated on April 25th, spurred by reports on platform X and intelligence from FIOD’s departments.During the raid, authorities seized assets worth over 11.4 […]

USD/CAD Outlook: BoC Governor’s Remarks Lift Canadian Dollar

May 03, 2024 Jeremy Parkinson Finance 0

The USD/CAD outlook sharply turned toward bearish territory, stirred by the hawkish sentiments of Bank of Canada Governor Tiff Macklem. At the same time, the Canadian dollar, which usually tracks US equities, strengthened amid a rebound on Wall Street. Meanwhile, investors awaited the US nonfarm payrolls report for more clues on Fed policy.On Thursday, BoC […]

April Jobs Report: Counterbalancing March’s Blockbuster Good Report, The First Significant “ding” To The Soft Landing Scenario In Months

May 03, 2024 Jeremy Parkinson Finance, No picture 0

In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: Whether there is further deceleration in jobs gains compared with the last 6 month average, vs. a “soft landing” stabilization – and even whether […]

Silver Price Forecast: XAG/USD Plummets To $26 Despite Weak US NFP Data

May 03, 2024 Jeremy Parkinson Finance 0

Silver price (XAG/USD) reverses gains and falls sharply to $26.00 despite the United States Nonfarm Payrolls (NFP) data for April turned out weaker than expected. The US NFP report showed that employers hired 175K job-seekers, weaker than the consensus of 243K and the prior reading of 315K, upwardly revised from 303K. The Unemployment Rate rises to 3.9% while investors forecasted […]

The Energy Report: Play It

May 03, 2024 Jeremy Parkinson Finance, No picture 0

I was shocked to hear there was gambling going on at Ricks Café and equally shocked to hear that Biden’s price caps on Russian oil have failed. In 2022 the administration of Joe Biden tried to impose a price cap to cut oil revenues for Russia, a major source of funding for its war against […]

EUR/USD Price Analysis: ECB’s Less Dovish Remarks Boost Euro

May 03, 2024 Jeremy Parkinson Finance 0

The EUR/USD price analysis shows bullish momentum as the euro gains strength on moderately less dovish ECB policy remarks. At the same time, the dollar is set for its worst week in two months, with all eyes on the upcoming US employment report.On Friday, ECB policymaker Yannis Stournaras said there might only be three ECB […]