June 2024 - Page 16 of 240 -

EUR/USD Rises As US Dollar Declines Ahead Of US Core PCE Inflation Reading Daily digest market movers: EUR/USD is expected to face volatility ahead of key Eurozone events

Jun 28, 2024 Jeremy Parkinson Finance 0

EUR/USD recovers to near the crucial support of 1.0700 in Friday’s European session. The major currency pair rises as the market sentiment remains positive ahead of the United States (US) core Personal Consumption Expenditure price index (PCE) data for May, which will be published on Friday at 12:30 GMT.The underlying inflation data would influence market speculation on the Federal Reserve […]

Copper Commentary – Friday, June 28

Jun 28, 2024 Jeremy Parkinson Finance 0

What Next For Copper?Copper prices are looking a little more buoyant today with the futures market in the green through early European trading on Friday. Still, the metal is ending June at lows and is heavily down from the YTD highs recorded in May. A shifting Fed outlook has been a big part of the […]

USD/CHF Price Analysis: Probably In New Short-term Uptrend

Jun 28, 2024 Jeremy Parkinson Finance 0

USD/CHF is probably in a short-term uptrend after breaking above the key 0.8989 resistance level (June 11 high). The reversal in trend means the odds now favor more upside going forward. USD/CHF 4-hour Chart Upside targets for the pair lie at 0.9034 (50-day Simple Moving Average) followed by 0.9084, the 0.618 Fibonacci extension of the height […]

Today, The Focus Of Investors’ Attention Is On The PCE Index Data

Jun 28, 2024 Jeremy Parkinson Finance, No picture 0

On Wednesday, the US stock indices ended trading with an increase. The Dow Jones Index (US30) gained 0.09% on Thursday, and the S&P 500 Index (US500) added 0.09%. The NASDAQ Technology Index (US100) closed positive 0.30%. Stocks were supported amid weaker-than-expected US economic reports that lowered bond yields and reinforced speculation that the Federal Reserve may cut interest rates this year.Markets are […]

Japan’s Manufacturing Activity Firms As Inflation Accelerates

Jun 28, 2024 Jeremy Parkinson Finance 0

2.1% Tokyo CPI excluding fresh food %YoY Higher than expected Tokyo consumer prices rose mainly due to utility fee hikes in JuneTokyo’s consumer inflation data, a leading indicator of nationwide inflation, was largely in line with market expectations. Headline inflation rose 2.3% year-on-year in June (vs 2.2% in May, 2.3% market consensus), gradually accelerating for the […]

BTC/USD Forecast: Sees Support Just Below Big Announcement on Friday

Jun 28, 2024 Jeremy Parkinson Finance 0

In today’s BTC/USD forecast I see price as basically consolidating, perhaps trying to find a floor ahead of a major announcement. Bitcoin has been slightly positive during the trading session on Thursday as we continue to dance around the $60,000 level for potential support. At this point, if we can break above the $62,550 level, […]

NAB Stock Analysis & Elliott Wave Technical Forecast – Friday, June 28

Jun 28, 2024 Jeremy Parkinson Finance 0

ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED – NAB . We see that wave (iii)-orange of wave ((v))-navy is opening up to push even higher. The most recent Long Trade position at Trade Recommendations generated quite […]

Nobody Knows How Bonds Work

Jun 28, 2024 Jeremy Parkinson Finance, No picture 0

I began my investing journey at age 23. I got some pamphlet that said I should invest in some bonds to go with my stocks. I didn’t know what a bond was. The pamphlet said that bond prices were inversely correlated with interest rates, so if you owned bonds, you were happy if interest rates […]

Kraken founder donates $1M to Donald Trump, calls him “the only pro-crypto major party candidate”

Jun 28, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Jesse Powell donates $1 million in Ethereum to support Trump’s pro-crypto stance. He criticizes the Biden administration for harmful crypto regulations. Jesse Powell, the co-founder of the crypto exchange Kraken, has contributed $1 million, mostly in Ethereum, to Donald Trump’s presidential campaign. According to Powell, Trump is the only major party candidate with […]

Is The Adidas Share Price At Risk After Nike’s Weak Earnings?

Jun 28, 2024 Jeremy Parkinson Finance 0

Adidas (ADS) share price has outperformed Nike this year as the latter has continued to report weak financial results. It has soared by over 22% in 2024 while Nike has slumped by over 10%. Nike’s sell-off accelerated in extended hours after it published weak results and guidance. Nike slashes guidanceAdidas stock price was in the spotlight […]