May 2024 - Page 46 of 270 -

USDJPY Forex Elliott Wave Technical Analysis – Monday, May 27

May 27, 2024 Jeremy Parkinson Finance 0

USDJPY Elliott Wave Analysis Trading Lounge Day Chart,U.S.Dollar/Japanese Yen(USDJPY) Day ChartUSDJPY Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE:orange wave 3POSITION:navy blue wave 1DIRECTION NEXT HIGHER DEGREES:orange wave 4DETAILS orange wave 2 of navy blue wave 1 looking completed.Now orange wave 3 is in play.Wave Cancel invalid level: 160.243The USDJPY Elliott Wave Analysis on the daily chart focuses on a trend movement that is […]

PEPE leaps past MATIC in market cap, registers 79% weekly gains

May 27, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The meme coin Pepecoin (PEPE) inches closer to the $7 billion market cap after leaping 79% in one week. The movement was enough to surpass Polygon (MATIC) and become the 21st largest crypto by market cap, according to data aggregator CoinGecko.Moreover, PEPE registered a new all-time high this Monday by reaching $0.00001717. Excluding stablecoins, PEPE […]

USD/CAD Price Analysis: Remains Inside The Woods In A Thin Trading-Volume Session

May 27, 2024 Jeremy Parkinson Finance 0

The USD/CAD pair trades in a narrow range near Friday’s low around 1.3650 in Monday’s European session. The Loonie asset is on the backfoot as the US Dollar faces selling pressure in a thin trading volume session as the United States (US) markets are closed on account of Memorial Day.The US Dollar could bounce back […]

AUD/CHF Forecast: Cautious With Position Size

May 27, 2024 Jeremy Parkinson Finance 0

Now that we are well above the 0.60 level in the AUD/CHF currency pair it suggests that we are going to go much higher. In fact, this is one of my favorite longs at the moment, but I also recognize that you need to be cautious with your position size if you are just entering. It can […]

US Stock Indices Are Rising Amid Falling Inflation Expectations. Oil Fixed Ahead Of The OPEC+ Meeting

May 27, 2024 Jeremy Parkinson Finance, No picture 0

On Friday, the Dow Jones (US30) Index gained 0.01% (-2.30 % for the week), while the S&P 500 (US500) Index gained 0.70% (-0.01% for the week). The NASDAQ Technology Index (US100) closed positive 1.10% (+1.31 % for the week).The University of Michigan’s US Consumer Sentiment Index for May was revised upward to 69.1 from the previously reported 67.4, stronger than expectations of 67.7. The University of Michigan inflation […]

Crude Oil And Dollar Relationship: The Financial Tug-of-War The Traditional Inverse Relationship Leveraging Mass Psychology Combining Mass Psychology with Technical Analysis Wisdom from Experts A Trip Down Memory Lane Conclusion

May 27, 2024 Jeremy Parkinson Finance, No picture 0

IntroductionThe relationship between crude oil and the U.S. dollar is one of the most scrutinized and debated topics in the financial world. Traditionally, it has been observed that when the dollar strengthens, crude oil prices tend to fall, and vice versa. However, this inverse relationship is not always consistent. Factors such as supply and demand, […]

Food Also Points To Slowing Personal Consumption

May 27, 2024 Jeremy Parkinson Finance 0

Thursday’s Commentary led with a discussion of how sales at major retailers were slowing appreciably. The takeaway from the piece is that personal consumption, accounting for two-thirds of GDP, is slowing. A reader emailed us, “Not so fast with your judgment. “You may be right, but you should also look at spending on food for confirmation.” […]

Holiday Overview: The State Of Play

May 27, 2024 Jeremy Parkinson Finance 0

depositphotos FX: The dollar traded mostly higher last week. I suspect more near-term gains, but I am less convinced than I was a week ago. Given the FOMC minutes and more recent commentary from Fed officials, I suspect the market is exaggerating the chances of two cuts this year. That had been my leaning too, but […]

Nvidia Is Worth More Than All Of These Companies Combined

May 27, 2024 Jeremy Parkinson Finance 0

Nvidia’s (NVDA) massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company? To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major U.S. tech companies.All figures were sourced from Companiesmarketcap.com, and are as […]

Oil And Natural Gas: Oil Retreated To $76.12 On Friday

May 27, 2024 Jeremy Parkinson Finance 0

On Friday, the oil price retreated to the $76.12 level, forming a new May low. On Friday, the price of natural gas continued to fall until the EMA200 moving average and the $2.48 level. depositphotos Oil chart analysisOn Friday, the oil price retreated to the $76.12 level, forming a new May low. After the formation of […]