June 2024 - Page 148 of 240 -

Double Whammy: US CPI And Federal Reserve

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Overview: Position adjustments ahead of today’s US CPI and FOMC meeting are giving the dollar a modestly heavier tone today. Each of these events are typically a source of volatility in their own right and together they promise an eventful North American session. The yen is the only exception among the G10 currencies, but […]

Unlocking ASX Trading Success: V300AEQ ETF Units – Wednesday, June 12

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We confirmed that wave 2-grey has ended and wave 3-grey is opening to push higher.ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ […]

Aethir launches mainnet on Ethereum, token skyrockets by 100% in 2 hours

Jun 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

DePIN protocol Aethir has officially launched its decentralized cloud computing network on the Ethereum mainnet, along with its native token ATH. In the last two hours since its launch, the token leaped nearly 100%, data aggregator CoinGecko shows.Aethir’s platform enables the renting of high-performance compute resources for AI training or digital content rendering. Its economy […]

Oracle Misses Q4 Expectations, But Stock Soars On Google And OpenAI Partnerships

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Oracle Corporation (NYSE: ORCL) reported its fiscal 2024 fourth quarter and full-year financial results on Monday after the market close, highlighting the firm’s growth in its cloud business and significant AI-related contracts. Despite missing some analyst expectations, the company’s stock surged in after-hours trading after announcing key partnerships with Google and OpenAI. Oracle Earnings and ExpectationsFor the […]

What I’m Thinking About Now – Stock Market (And Sentiment Results)…

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Each week during earnings season we try to update readers on a few of the positions we have discussed in our weekly notes and podcast|videocast(s). AlibabaA few weeks ago we covered Alibaba earnings in detail here. For those of you on an emotional (not fundamentally based) roller coaster, let me update you on where we believe we are […]

US Dollar Commentary – Wednesday, June 12

Jun 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Inflation & FOMC On WatchAll eyes are on the US Dollar today. The release of the May CPI and the June FOMC falling on the same day creates a powerful volatility risk that has the potential to drive important shifts across markets today, all dependent on how USD reacts. If we see stickiness […]

USD/CAD Price Analysis: Corrects From 1.3800 As Us Dollar’s Rally Stalls Ahead Of Fed’s Decision

Jun 12, 2024 Jeremy Parkinson Finance 0

The USD/CAD pair drops to 1.3740 in Wednesday’s European session after failing to recapture the round-level resistance of 1.3800 on Tuesday. The Loonie asset corrects as firm recovery of almost 1.40$ in the US Dollar Index (DXY) appears to be stalling due to uncertainty ahead of the United States (US) Consumer Price Index (CPI) data for May and the […]

Euro Hits Monthly Low Amid Political Instability In France

Jun 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections.French President Emmanuel Macron has called for early legislative elections after the far-right party’s strong showing. While Macron retains the presidency […]

EUR/CHF Forecast: Is The Euro Finding A Bottom Against The Swiss Franc?

Jun 12, 2024 Jeremy Parkinson Finance 0

The euro has plunged as of late, especially as the ECB is cut rates, and of course we have had snap elections called in France. The Belgian prime minister resigned, and the political situation in Europe seems to be a bit of a mess at the moment, so that had people running away from the […]

How Worrisome Is High Stock Market Concentration?

Jun 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay One of the persistent themes in recent years has been the high and increasing concentration in US stocks. In fact, the outperformance of US stocks has been driven almost entirely by large cap US tech names and the “Magnificent 7”. How worrisome is this and does it matter to your portfolio? Let’s explore […]