June 2024 - Page 160 of 240 -

The US Economy And The Illusion Of Stability

Jun 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay For over half a century, the United States has surpassed the United Kingdom as the leading international power. Its military and monetary strength, the first two of a hegemonic country, remain unrivaled. The Biden administration seeks to maintain this superpower, but the world is changing. Globalization is being replaced by protectionism, the cost […]

Sensex Today Trades Marginally Lower; Nifty Below 23,300

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

Asian stocks were muted in early trade, following a subdued session on Wall Street as investors positioned for this week’s Federal Reserve decision and US inflation data.Markets in Japan posted early gains while those in Australia edged lower as they reopened after a public holiday.All three major indexes closed higher on Monday – with the […]

USD/CHF Remains Timid Around 0.8950 As Investors Await The Fed Policy Decision

Jun 11, 2024 Jeremy Parkinson Finance 0

Photo by Claudio Schwarz on Unsplash USD/CHF stays calm ahead of the looming Fed policy decision. The US Dollar remains strong as the Fed can be expected to keep rates steady in the range of 5.25%-5.50% on Wednesday. SNB is expected to keep interest rates unchanged in June. USD/CHF remains calm due to thin trading as investors adopt […]

Will USD Demand Cool Ahead Of Tomorrow’s Event Risk?

Jun 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The fact that the latest CFTC data revealed a sixth weekly build in long Euro positions wasn’t going to do anything to help the single currency’s cause, with the market using this as more fuel to justify aggressively selling the Euro on the back of the much stronger US jobs report and political […]

FTC warns of crypto romance scams in the US

Jun 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The US Federal Trade Commission (FTC) has issued a warning to love seekers about crypto romance scams, in which someone you meet online pretends to be a romantic interest, but their endgame is to steal your money through crypto “investments.”Online relationships that pivot to crypto investment advice should raise red flags, the agency warns, as […]

Elliott Wave Technical Analysis: Hang Seng Index – Tuesday, June 11

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Hang Seng Index Elliott Wave Analysis Trading Lounge Day Chart,Hang Seng Index Elliott Wave Technical AnalysisFUNCTION: TrendMODE: correctiveSTRUCTURE:orange wave 2POSITION: navy blue wave 3DIRECTION NEXT HIGHER DEGREES: orange wave 3DETAILS:orange wave 2 still is in play, after that orange wave 3 will start.Wave Cancel invalid level: 16044.39The Hang Seng Index Elliott Wave analysis on […]

The Commodities Feed: Brent Back Above $80

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Energy – Henry Hub breaks above $3 Oil prices moved higher yesterday as the market continued its post-OPEC+ meeting recovery. ICE Brent settled more than 2.5% higher yesterday, which saw it close well above $81/bbl. As we mentioned following the meeting, the action taken by the group leaves the market with a sizeable deficit […]

Ethereum Inflows Soar: Record Week With $69M As ETFs Near Trading Launch, What’s Next?

Jun 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Following the recent price spike that brought Ethereum (ETH) close to the $4,000 mark, the second-largest cryptocurrency has experienced inflows and renewed market enthusiasm. This comes in response to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March According to […]

Celestia’s Blobstream goes live on Ethereum mainnet

Jun 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Modular blockchain network Celestia has launched its data availability solution, Blobstream, on the Ethereum mainnet, according to the team’s announcement on Monday. Blobstream 🎇 is now live on Ethereum mainnet. Deploy a high-throughput L2 as *permissionlessly* as a smart contract. pic.twitter.com/74wyw5Xknq — Celestia (@CelestiaOrg) June 10, 2024 Developed by Succinct Labs, Blobstream enables Celestia’s data […]

Adobe Q2 Earnings Preview: How Will The Stock React?

Jun 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash On Monday, June 10, 2024, Adobe Inc. (Nasdaq: ADBE) faced a significant setback as Melius Research downgraded the stock from Buy to Hold, triggering a 1.1% drop in premarket trading. The downgrade was primarily driven by concerns about the broader enterprise software industry’s challenges with artificial intelligence (AI), which could pose a long-term threat to […]