May 2024 - Page 82 of 270 -

Nvidia Reports Strong Results, But Will That Be Good Enough?

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThe S&P 500 finished the day down around 30 bps following a more hawkish reading of FOMC minutes than what was expected, at least in my view. This is interesting because many of the speakers I have heard have suggested they would raise rates if needed, but they have done it with caveats, and […]

Asia Morning Bites For Thursday, May 23

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashGlobal Macro and Markets Global Markets: US Treasury yields rose slightly on Wednesday in response to some more hawkish views expressed in the Fed minutes from the last FOMC meeting. 2Y UST yields rose by 4 basis points, though 10Y yields rose just 1bp. Given the content of those minutes, this seems an oddly inadequate […]

Metals Report For Wednesday, May 22

May 22, 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: 00:06:46More By This Author:SPDR ETF Report For Tuesday, May 21Financial Markets Report For Tuesday, May 21Metals Report For Monday, May 20

Bean Used In Instant Coffee Soars The Most Since 2011

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayFutures for robusta, the cheaper coffee bean grown at lower altitudes and requiring less care than more expensive arabica, jumped the most in London on Tuesday since 2011 as concerns increased over shrinking supplies from top grower Vietnam.Robusta bean prices in London closed up 6.72% on Tuesday, the largest daily increase since April 5, 2011—or more […]

AUD/USD Tumbles Toward 0.6600 After FOMC’s Minutes Ahead Of Aussie PMIs

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUD/USD tumbled more than 0.60% on Wednesday due to FOMC turning hawkish. Fed minutes hint at possible rate hikes if inflation risks increase, boosting US Treasury yields and the Dollar. Australian economic agenda includes Judo Bank Manufacturing and Services PMIs, showing mixed preliminary results for May. Upcoming US data: unemployment claims and S&P […]

Fourteen years ago, someone bought pizza with Bitcoin

May 22, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

It was, back then, a new transaction, conceived from peer-to-peer friendships, and dedicated to the proposition that commerce on the Internet has come to rely almost exclusively on financial institutions.Now we are almost a decade and a half on, in a movement that could test whether the ideas conceived by Satoshi Nakamoto can endure. We […]

GBP/USD Extends The Upside Above 1.2700, Focus On UK-US PMI Data

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay GBP/USD trades on a stronger note around 1.2720 in Thursday’s early Asian session. The FOMC Minutes showed the participants worried over the lack of progress on inflation towards its 2% target. The UK CPI rose by 2.3% YoY in April, compared to 3.2% in March, above the consensus of 2.1%. The GBP/USD pair extends […]

Expert Elliott Wave Analysis: SP 500 & Nasdaq Trends Amid NVDA Earnings Impact

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsS&P 500, SPY, Nasdaq 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis Our detailed Elliott Wave analysis for the SP 500 and Nasdaq indicates we are currently in wave v of (v) of iii) of 1 of (5) of 3) of I. This complex wave structure suggests […]

EUR/USD Eased Lower On Wednesday After FOMC Meeting Minutes Miss The Mark

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD declined on post-FOMC Greenback bid. Odds of a September rate cut are getting a second look from investors. EU & US PMIS in the barrel for Thursday. EUR/USD knocked lower on Wednesday after the Federal Reserve’s (Fed) latest Meeting Minutes revealed the Federal Open Market Committee (FOMC) are grimly determined to wait […]

Stale FOMC Minutes Negatively Shift Cross Asset Sentiment

May 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMARKETSWall Street closed lower on Wednesday, and oil prices declined as investors digested the FOMC minutes from the U.S. Federal Reserve’s latest policy meeting. Meanwhile, Nvidia Corp’s (NVDA) shares surged over 4% in extended trading after the mega-cap chipmaker forecasted quarterly revenue above estimates. Despite the bullish momentum rekindled by Nvidia’s forecast, the price […]