June 2024 - Page 185 of 240 -

Elliott Wave Technical Analysis: Global X Uranium ETF

Jun 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash GX Uranium ETF (URA) Elliott Wave Analysis Function – Counter trend Mode – Corrective Structure – Impulse for wave (c) Position – Wave (2) Direction – Wave (3) Details – The primary wave 2 (circled) is correcting to the 30 major level where it could find support for the primary wave 3 to begin.The GX URA […]

GBP/USD Price Analysis: Struggles At 1.2800 And Tumbles Toward 1.2720s Post-NFP GBP/USD Price Analysis: Technical outlook GBP/USD Price Action – Daily Chart

Jun 07, 2024 Jeremy Parkinson Finance 0

The British Pound plunged against the US Dollar after the US Bureau of Labor Statistics (BLS) revealed the US jobs market remains hotter than expected, exceeding the consensus estimates, boosting the Greenback. Therefore, the pair tumbled near the week’s lows, with the GBP/USD trading at 1.2722, down 0.53%, at the time of writing.GBP/USD Price Analysis: Technical outlookFrom […]

Sky Mavis says $5.7M recovered from $600M Ronin exploit

Jun 07, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Sky Mavis has recovered $5.7 million of funds stolen from Axie Infinity’s Ronin Bridge, according to a Friday announcement from the team.The recovery was achieved through the collaborative efforts of various entities, including the Økokrim, a Norwegian law enforcement agency, and the FBI, said Sky Mavis. Specifically, Økokrim successfully froze and returned $5.7 million stolen […]

Sensex Today Rallies 1,619 Points; Wipro Jumps 5%

Jun 07, 2024 Jeremy Parkinson Finance 0

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended on a firm footing.Sensex rallied nearly 1,700 points to hit a lifetime high. The domestic benchmark equity indices, Nifty50 and Sensex, traded with gains on Friday, as RBI raised its forecast for FY25 GDP growth […]

Silver Price Forecast: XAG/USD Nosedives Below $30 As Strong US NFP Report Boosts US Yields

Jun 07, 2024 Jeremy Parkinson Finance 0

Silver price (XAG/USD) plummets below the psychological support of $30.00 in Friday’s New York session. The white metal plunges after the United States Nonfarm Payrolls (NFP) report May showed that labor demand remains robust and the wage growth momentum was stronger than expected.Fresh payrolls came in higher at 272K than expectations of 185K and the prior release of […]

Chart Of The Day: Nova – Process Control Systems

Jun 07, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Chart of the Day belongs to the process control system company Nova (NVMI). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]

Houston, We Have A Serious Problem: The Two Job Surveys Show Two Completely Opposed Economies

Jun 07, 2024 Jeremy Parkinson Finance, No picture 0

In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing. In particular: Yesterday I wrote that “I will be most interested to see if declines in manufacturing and housing under construction translate into a stall or even […]

US Jobs Growth Beats All Expectations

Jun 07, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Another very strong jobs report has cast further doubt on the prospect of interest rate cuts this year. Payrolls increased by 272,000 in May, beating all expectations, and average hourly earnings growth was hotter than expected. However, the unemployment rate rose with the contradictory evidence suggesting prospects could still go either way. A […]

How We Hit Our NVDA Target And Booked 25% Profits

Jun 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash A couple of weeks ago, I shared a really intriguing trade recommendation for Nvidia, which has become the largest and most important stock in this market. My trade instructions were: “Buy NVDA on a close above $950.02 with a stop loss on a close below $887.47. Target $1200.” I sent out the trade on May […]

Cash Rush In Europe, Stock Rush In The US And Gold Rush In China

Jun 07, 2024 Jeremy Parkinson Finance 0

New week, new highs for US markets!Nasdaq sets new monthly closing records: Since the low point of 2020, the bullish ABCD extension pattern is now aiming for a target beyond the 20,000-point threshold, a level that bearish investors will find very hard to defend.The spectacular rise of technology stocks is spreading a noticeable wealth effect […]