May 2024 - Page 31 of 270 -

Market Briefing For Wednesday, May 29

May 29, 2024 Jeremy Parkinson Finance 0

First time in a hundred years – stock market transactions now settle in just a day. Actually, given the digital speed of this era the only surprise is that it took so long to move to single day settlements. depositphotosAnyway that arrived as of today.What else arrived is indecision, with generally shuffling at the Holiday break. It was […]

BYD And Toyota New Cars Puts Tesla, VinFast, Nio Stocks On Edge

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels BYD has launched a new hybrid car with a 2,000km range. The car will sell for about $13,000, making it cheaper than other brands. Toyota, Mazda, and Subaru are also planning new hybrid energy vehicles. Electric vehicle stocks have come under intense pressure this year, and the situation could get ugly in the […]

Metals Report For Tuesday, May 28

May 29, 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: 00:11:35More By This Author:SPDR ETF Report For Tuesday, May 28 Financial Markets Report For Tuesday, May 28 Metals Report For Thursday, May 23

Hong Kong SFC to conduct compliance checks on crypto firms

May 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The Hong Kong Securities and Futures Commission (SFC) has announced that it will carry out on-site compliance checks on local virtual asset trading platforms (VATPs) that are still in the process of completing their regulatory applications after the June 1 licensing deadline.In a notice issued on May 28, the SFC emphasized that all local crypto […]

The Commodities Feed: Oil Finds Support

May 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Energy – Buzzard field outage Oil prices strengthened further yesterday. ICE Brent rallied 1.35%, taking Brent back above $84/bbl, to its highest level since 1 May. Tensions in the Middle East have grown in recent days with developments between Israel and Hamas, while the Houthis have carried out another attack on a commercial […]

Elliott Wave Technical Analysis: Polkadot Crypto Price News For Wednesday, May 29

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartPolkadot/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 5.225DOT/ U.S. dollar(DOTUSD)Trading Strategy: Overall, the correction in DOTUSD is entering its final phase in Wave C, […]

Gold Trading Strategy For Wednesday, May 29

May 29, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:05:37More By This Author:Dow Jones Analysis & Dow Jones Week […]

ZKasino initiates ETH refund process amid mounting scam allegations

May 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Blockchain-powered gambling platform ZKasino has initiated a 72-hour refund process that would return funds to its investors. The decision comes in a month after the project was accused of operating a $33 million rug pull. Despite the refund process dubbed by the project as a “2-step bridge back process,” some investors remain skeptical about the […]

Is Nvidia Worth 35x Times Sales, History Says No

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashYou wouldn’t be able to tell just by looking at the S&P 500 daily change of +0.02%, but Tuesday was a pretty negative day, with the S&P 500 equal weight RSP ETF finishing down by almost 70 bps. Even the Dow was lower on the day by 55 bps. Most of the other market […]

US Dollar Extends Upside Momentum Against Japanese Yen

May 29, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThe USDJPY currency pair has broken out above the key 156.79 resistance level, extending its impressive upside move that originated from the 151.86 low. The rally has carried the pair as high as 157.37 in recent trading sessions, with the bullish momentum showing no signs of letting up. Further Upside Targets Emerge Following the […]