May 2024 - Page 92 of 270 -

Forex Today: Hawkish RBNZ Suggests May Even Hike Rates

May 22, 2024 Jeremy Parkinson Finance 0

The Reserve Bank of New Zealand maintained its Official Cash Rate at 5.50%, while suggesting that rate cuts will come later than expected or may even be raised first, causing the NZD to gain in value. depositphotos The Reserve Bank of New Zealand decided to hold its Official Cash Rate at 5.50% as expected. However, there […]

Sensex Today Trades Flat; JK Tyre Rallies 8%

May 22, 2024 Jeremy Parkinson Finance 0

Asian shares edged higher on Wednesday as anxious investors dared to hope AI-diva Nvidia could meet sky-high expectations while keeping a wary eye on the outlook for US and UK interest rates.MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.4 percent, having already climbed for four straight weeks to reach a two-year top.US stocks […]

FX Daily: Divergence, Divergence, Divergence

May 22, 2024 Jeremy Parkinson Finance 0

Domestic developments in G10 are reinforcing the narrative of monetary policy divergence. Yesterday, lower-than-expected Canadian inflation reinforced our view of a June cut, while sticky UK services CPI and a hawkish RBNZ are boosting GBP and NZD this morning. The ECB appears to be sitting in the middle, with greater chances of a “hawkish” cut […]

Which Retailers Operate In The Most Countries?

May 22, 2024 Jeremy Parkinson Finance 0

Today, international expansion is a key growth strategy for the world’s top retailers as companies target untapped markets with the highest potential to drive revenue and profit streams. While traditional retailers have sought out digital strategies as the industry evolves and consumer behaviors change, physical storefronts continue to be a dominant driver of retail sales. In […]

SPDR ETF Report For Tuesday, May 21

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Tuesday, May 21.Video Length: 00:15:54More By This Author:Financial Markets Report For Tuesday, May 21Metals Report For Monday, May 20SPDR ETF Report For Monday, May 20

The Investment Cases For Copper

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayCopper prices have exploded higher, up 33% year to date.The demand is coming from so many sectors of the global economy, it is hard to find a reason not to invest.The energy transition is driving much of the demand. Copper is a critical input for renewable power generation like wind turbines, solar panels, […]

New Closing Highs For Nasdaq, S&P 500; NVDA Reports Wednesday

May 22, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayMajor market indices were almost all in the green as of Tuesday’s closing bell. We were mixed at the start of the trading day, as well — and finished Monday mixed, too — so consider the relative lack of fresh, impactful market-based news having something to do with this. The blue-chip Dow gained +0.17% […]

Elliott Wave Analysis On S&P 500 ETF Calling For More Upside

May 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsShort Term Elliott Wave in S&P 500 ETF (SPY) suggests the rally from 4.20.2024 low is in progress as an impulse. Up from 4.20.2024 low, wave ((i)) ended at 510.75 and dips in wave ((ii)) ended at 499.49. The ETF has extended higher in wave ((iii)) with internal subdivision as another impulse in a […]

Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Wed, May 22

May 21, 2024 Jeremy Parkinson Finance 0

Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: Details: Wave (4) May is complete and the Price entry is to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Overall, Dogecoin remains in an uptrend. It looks like the correction is […]

The Bar To Hike Again Is Exceptionally High, While The Bar To Cut Is Relatively Low

May 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMARKETSAmid a lack of Tier 1 economic data, U.S. investors found momentum Tuesday afternoon as they eagerly anticipated Nvidia Corp.’s (NVDA) earnings report. Nvidia, a key player in the artificial intelligence boom, has been central to the current bull market. Additionally, traders were looking ahead to the release of the Federal Open Market Committee […]