June 2024 - Page 155 of 240 -

Stocks Chop As Wall Street Fights Fed Headwinds

Jun 11, 2024 Jeremy Parkinson Finance 0

The Dow Jones Industrial Average (DJI) is deep in the red midday, selling off as the Federal Reserve’s two-day policy meeting begins. The S&P 500 Index (SPX) is also lower, while the Nasdaq Composite (IXIC) is enjoying a modest gain. CME’s FedWatch tool says an interest rate cut at the conclusion of the meeting tomorrow is unlikely, […]

zkSync airdrop under fire for Sybil attacks and ineligibility cases

Jun 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The long-awaited layer-2 blockchain zkSync airdrop checker was revealed today, with 17.5% of the token supply destined for 695,000 wallets. Despite the significant supply allocation, nearly 90% of all addresses that interacted with the blockchain got out of the reward distribution, sparking backlash from part of the crypto community on how Matter Labs fought against […]

What Would Adjusting The Household Jobs Survey For Immigration Driven Population Growth Do?

Jun 11, 2024 Jeremy Parkinson Finance 0

This is a continuation of my post from yesterday discussing the large divergences between the Household and Establishment jobs surveys.A big current issue with the Household Survey is whether, by relying on Census estimates, it has substantially underestimated population growth, and in particular immigration-driven growth, in the past two years. Here’s a graph from Wolf […]

Taxing Billionaires Isn’t A Solution To The Government Spending Problem

Jun 11, 2024 Jeremy Parkinson Finance 0

Most people don’t understand the enormity of the national debt, the amount of government spending, or the size of the monthly deficits. As a result, they come up with all kinds of absurd “solutions” to the problem.Whenever I talk about the national debt and government spending, somebody invariably comes at me with some variation of, […]

Elliott Wave Technical Analysis: Cocoa – Tuesday, June 11

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Cocoa Elliott Wave AnalysisFunction – Counter-trendMode – CorrectiveStructure – Double ZigzagPosition – Blue wave ‘b’Direction – Blue wave ‘b’ is still in playDetails – Cocoa found resistance at the 10,000 major level as we expected. We should see at least a 3-waves down below 8000 but preferably an impulse breakdown toward 5,000 for wave […]

Czech Inflation Remains In Check With Monetary Easing Set To Continue

Jun 11, 2024 Jeremy Parkinson Finance 0

The overall level of Czech consumer prices remained unchanged in May compared to the previous month, bringing the annual rate to 2.6%. The favourable reading suggests continued easing of the restrictive monetary policy setup. Housing and services prices propel overall inflationConsumer prices increased by 2.6% in May in annual terms, which is 0.3ppt below the April figure […]

Fetch.ai, SingularityNET, and Ocean Protocol reschedule token merger for July 15

Jun 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, has announced a new date for their anticipated token merger. The event, initially set for June 13, is now slated for July 15, according to a press release shared by the team.The merger’s preparation involves complex integrations and coordination with various […]

Analytical Overview Of The Main Currency Pairs – Tuesday, June 11

Jun 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0772 Prev Close: 1.0765 % chg. over the last day: -0.06 % The Dollar Index rose on Monday by 0.24%, reaching the maximum for 3 weeks. That day, the dollar rose thanks to support from a stronger-than-expected US payrolls report for May released last Friday, which limited […]

Metals Report: Forever Young. Manic

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

There’s an old saying in the commodity business that volatility keeps a trader young. Well, if you’re trading the metals the way we are, you’re going to be forever young. Metals, both precious and industrial, made an incredible comeback Monday but this morning they are pulling back a little bit as the high volatility continues, especially ahead […]

World Bank Raises US GDP Growth Estimate For 2024 To 2.5%

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The global economy is anticipated to rise by 2.6% this year, an upgrade from the 2.4% forecast in January. For the Eurozone, the GDP growth forecast remains unchanged at 0.7% for 2024. The World Bank forecasts the global economy to grow by 2.7% in 2025. The World Bank announced on Tuesday in its latest […]