May 2024 - Page 98 of 270 -

The Futility Of The U.S. Trade War With China In Two Pictures

May 21, 2024 Jeremy Parkinson Finance 0

Census Department data, chart by MishBalance of Trade Since 2018 China from -418 to -279 Mexico from -78 to -152 Vietnam from -70 to -105 Japan from -55 to -71 Taiwan from -10 to -48 Mexico+Taiwan+Vietnam from -132 to -305 Trump started a trade war with China in 2020 and the numbers generally got worse […]

Bear blues: over $296 million in shorts liquidated in 24 hours

May 21, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The possibility of a spot Ethereum exchange-traded fund (ETF) approval in the US took the bears by surprise, resulting in over $296 million of short positions being liquidated in the past 24 hours, according to data aggregator Coinglass. Ethereum short positions liquidated represent $100 million of the total.Meanwhile, long positions represent just $80 million of […]

Should You Play Nvidia Earnings With Bullish ETFs?

May 21, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay In this episode of ETF Spotlight, I speak with Zacks Senior Stock Strategist, Kevin Cook, about NVIDIA (NVDA – Free Report), arguably the most important company in the world right now, and some ETFs that investors could use to capitalize on its earnings.The AI chip giant is set to report its earnings on May 22, […]

The Worrying U.S. Wealth Divide

May 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The consumer is primarily what drives US economic prospects – but it seems that evidence of a change in narrative could be starting to emerge. As the US economy moderates and as the credit card loan delinquency rate rises, we think a potential weakening in the consumption story will be key to watch through the remainder of this year.Video length 00:01:18More By This Author:The […]

Gold: Chinese Gamblers Take Center Stage

May 21, 2024 Jeremy Parkinson Finance 0

China. The citizens of this economic superpower have been the “prime mover” for the latest collapse of global government fiat money against gold. the greatest chart in the history of financial markets. The collapse of fiat against gold is incredible!Chinese and Indian citizens eagerly gobble up most of the gold produced by the mines of […]

AUD/USD Price Analysis: Bull Flag Continuation Pattern Possibly Forming

May 21, 2024 Jeremy Parkinson Finance 0

AUD/USD is rising in a channel in a short-term uptrend that is biased to extend, given the old adage that “the trend is your friend”. The Aussie is potentially forming a Bull Flag continuation pattern on the four-hour chart. A break above the top of the consolidation that represents the “flag square” (shaded rectangle on chart below) and the […]

Ethereum-based meme coins surge up to 161% fueled by ETF speculation

May 21, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The possibility of a spot Ethereum ETF approval this week sparked price leaps among Ethereum Virtual Machine-based meme coins, according to data aggregator DefiLlama. HarryPotterObamaSonic10Inu (BITCOIN) and Mog Coin (MOG) leapt 46.8% and 51.7%, respectively.Wojak and Hemule saw even more significant upside, rising 66.3% and 89% in the same period. Other Ethereum-based meme coins with […]

Analytical Overview Of The Main Currency Pairs – Tuesday, May 21

May 21, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0866 Prev Close: 1.0857 % chg. over the last day: -0.08 % The ECB is almost 100% likely to reduce borrowing costs in June, but even after that, there is uncertainty, and many policymakers favor a cautious approach. Eurozone inflation currently stands at 2.4%, close to […]

Ready For Nvidia

May 21, 2024 Jeremy Parkinson Finance 0

S&P 500 saw upswing rejected, making it remain in a tight range – but the sellers aren‘t in control. Nasdaq had one of its days of outperformance, with select names sending signals as to what to expect from NVDA earnings, already now.Junk corporate bonds have turned before TLT and TLH did, and that‘s quite an […]

Sensex Today Ends 53 Points Lower; Metal Index Soars 4%

May 21, 2024 Jeremy Parkinson Finance 0

After opening the day lower, Indian shares continued the momentum as the session progressed and ended the day lower.Equity benchmark indices traded listless on Tuesday and ended on a flat note.At the closing bell, the BSE Sensex stood lower by 53 points (down 0.1%).Meanwhile, the NSE Nifty closed higher by 27 points (up 0.1%).Tata Steel, Coal India, and Hindalco […]