June 2024 - Page 147 of 240 -

Diverging Trends In U.S. Trade With China And The Rest Of The World

Jun 12, 2024 Jeremy Parkinson Finance 0

Trade between the U.S. and China ticked up in April 2024 over March 2024’s level, but not by enough to reverse its falling trend.Year-over-year, the trailing twelve month average of the combined nominal value of goods exchanged between the U.S. and China fell to $47.4 billion, down $6.7 billion from April 2023’s level. With inflation […]

Chinese Central Bank Halts Gold Acquisitions

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash China has called quits on its 18-month gold buying spree, causing precious metal prices to stumble this week as the world’s largest buyer unexpectedly closes its tab.In 2023, the People’s Bank of China purchased more gold than any of the world’s other central banks, swelling its reserves of the precious metal to more than […]

Solana Labs introduces Web3 gateway for luxury brands

Jun 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Solana Labs announced a new platform for luxury brands called Bond, aimed at leveraging blockchain to offer personalized, transparent customer experiences that foster deeper connections and long-term loyalty. According to the announcement, the platform addresses the disconnect between brands and consumers when products change hands, which can obscure customer data and hinder relationship building. Bond’s […]

Big Stock Swings; High Dispersion

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash High dispersion and big moves in stocks.Video Length: 01:06:17More By This Author:Weekly Market Pulse: Is The Economy Weaker Than It Appears?Weak Global Economy? Deglobalization?Weekly Market Pulse: The Fed’s Conundrum

Elliott Wave Technical Analysis: Qualcomm Inc.

Jun 12, 2024 Jeremy Parkinson Finance 0

QCOM Elliott Wave Analysis Trading Lounge Daily Chart,Qualcomm Inc., (QCOM) Daily ChartQCOM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Intermediate (3).DIRECTION: Top in (3). DETAILS: Looking for continuation higher as we are trading above TL2 at 200$. QCOM Elliott Wave Analysis Trading Lounge 4Hr Chart,Qualcomm Inc., (QCOM) 4Hr ChartQCOM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: […]

The Fallacy Of The “Inverse Relationship” Between Gold And The Dollar Index

Jun 12, 2024 Jeremy Parkinson Finance 0

If you spend as much time on X as I do, you’ve likely run into a few analysts who chart the Dollar Index, DXY, as a means of predicting the future direction of the gold price. Their assumption is that if DXY is trending down, then gold will be trending up and vice versa. I’m here to tell […]

Dow Jones Gains 259 Points, Nasdaq And S&P 500 Also Rise After Positive CPI Report

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Major US stock indexes extended their gains during Wednesday’s premarket session following the release of the country’s latest Consumer Price Index (CPI) report.According to the Bureau of Labor Statistics, the yearly CPI reading came in at 3.3%, which is below the expected 3.4% and also lower than the previous month’s figure. Meanwhile, the monthly CPI result remained unchanged, […]

Solana And Cardano: Solana Creates A New Low Below $145.00

Jun 12, 2024 Jeremy Parkinson Finance 0

Solana chart analysisThe price of Solana experienced a temporary setback, falling to $144.95 last night, which marked a new weekly low. However, it quickly demonstrated its resilience by stabilizing in that zone and initiating a robust recovery above the $148.00 level. Today, we continue to see positive momentum, with the price moving towards the $152.50 level. A […]

S&P 500 On Track For New Records: A Sign Of Euphoria?

Jun 12, 2024 Jeremy Parkinson Finance 0

The waiting mode for the stock market is over, but will the rally extend much further?The stock market continued to fluctuate on Tuesday, with the S&P 500 index gaining 0.27% and reaching a new record high of 5,375.95, slightly higher than Friday’s daily high. The market has been led higher by a rally in Apple […]

Bear Of The Day: Xerox Holdings

Jun 12, 2024 Jeremy Parkinson Finance 0

Xerox Holdings (XRX), a Zacks Rank #5 (Strong Sell), operates as a global workplace technology company that integrates hardware, services, and software for enterprises. Xerox designs, develops, and sells document systems, IT software products, and print solutions.The company also provides graphic communications, end user computing devices, network infrastructure, commercial robotic process automation, as well as […]