May 2024 - Page 27 of 270 -

Steep Wall Of BoJ Worry

May 29, 2024 Jeremy Parkinson Finance 0

It was likely that S&P 500 wasn‘t to sustain premarket gains following the opening bell, allowing for locking in open gains in our intraday channel. Bond auctions during the day didn‘t end up too badly, yet it was the yen‘s continued decline spurring BoJ Adachi‘s remarks about being open to hike earlier rather than having […]

Ethereum breaks $1 billion mark in tokenized US Treasuries

May 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Ethereum is now the infrastructure for over $1 billion in tokenized US Treasuries and dominates nearly 71% of the market share in this blockchain industry sector, according to real-world assets (RWA) data platform RWA.xyz. This number is majorly fuelled by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has tokenized over $473 million in US […]

The Good News, Bad News Economy

May 29, 2024 Jeremy Parkinson Finance 0

We’ll get weekly unemployment claims tomorrow, and the very important personal income and spending report Friday, before we begin the slew of reports for the beginning of June next week. But since there’s a slow news day today, let’s take a bigger picture look at the state of the economy.As always, you can find optimistic […]

Australian Dollar Hits 0.6650 Amid Mixed Economic Signals

May 29, 2024 Jeremy Parkinson Finance 0

By RoboForex Analytical DepartmentThe AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions.Despite the uptick […]

Nvidia Tops Corporate Reputation Rankings, Outshining Tech Peers

May 29, 2024 Jeremy Parkinson Finance 0

I’m fresh off the plane from Las Vegas—and no, I wasn’t hitting the slots, though the city’s Harry Reid International Airport sure hit the jackpot with a record-breaking 57.6 million passengers last year. The airport is on track to service even more people this year, a reflection of the travel boom that’s expected to set new passenger […]

EUR/USD Faces Key Test With Inflation Data Taking Centre Stage Core PCE index key data for US dollar

May 29, 2024 Jeremy Parkinson Finance, No picture 0

The EUR/USD lost its earlier gains on Tuesday, before dropping slightly in the first half of Wednesday’s session following the release of a weaker-than-expect German CPI report. Meanwhile, the US dollar strengthened against most other currencies, helped in part by stocks and bonds easing lower again. Attention will turn to the upcoming core PCE price […]

Wheat Commodity Elliott Wave Technical Analysis – Wednesday, May 29

May 29, 2024 Jeremy Parkinson Finance 0

Wheat Elliott Wave Analysis Function – Trend Mode – Trend Structure – Impulse for wave (A) Position – Wave 5 of (A) Direction – Wave (B) Details – Wave 5 of (A) could be completed with an ending diagonal. Pullback for (B) should begin afterwards.Since March 2024, wheat prices have been recovering and extending higher. However, a […]

Ethereum Commentary – Wednesday, May 29

May 29, 2024 Jeremy Parkinson Finance 0

ETH Rally Stalls for NowThe rally in Ethereum, amidst optimism around expected SEC approval for ETH ETFs, has stalled for now with the market stagnating into a test of the 4003 level. Last Thursday the SEC laid out initial approvals for spot-ETH ETF applications (mirroring the funds launched earlier in the year for BTC). With […]

Fetch.ai, SingularityNET, and Ocean Protocol set to finalize token merge on June 13

May 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, is expected to complete its token merger on June 13, 2024, according to a press release shared by the team.The move follows an announcement in March that the three major players united to build an ethical, decentralized AI ecosystem. As part […]

Chart Of The Day: CTS – Manufactures And Sells Sensors

May 29, 2024 Jeremy Parkinson Finance 0

The Chart of the Day belongs to the Technology and Electronic Components company CTS (CTS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for […]