June 2024 - Page 204 of 240 -

DMM Bitcoin announces compensation strategy for hack victims

Jun 05, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Japanese crypto exchange DMM Bitcoin has announced its plan to pay back victims of a recent unauthorized leak of 4,502.9 BTC, worth approximately $305.1 million at the time of the theft. The company has secured funding through a loan and plans to raise additional capital to ensure full reimbursement for affected customers. In a translated […]

Bank Of Canada Cuts Rates By 25bp

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

The Bank of Canada has clearly concluded that diminishing inflation worries and excess supply in the economy mean its monetary policy doesn’t need to be quite so restrictive. This 25bp move is likely to be followed by a further 75bp of cuts in the second half of the year. The Canadian dollar is likely to remain […]

Binance Coin Is Back To All-Time Highs As Anticipated

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels We have been talking a lot about bullish Crypto market in the last two years, but today we will focus on Binance coin with ticker BNBUSD. BNB was clearly in a corrective consolidation within uptrend for the last two years and we have been warning a lot about that. We also shared an […]

ISM Weighted Manufacturing, Services Indexes Signal Continued Expansion

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

I never used to pay much attention to the ISM non-manufacturing report. That is partly because it only has a 20 year history, and partly because it seems to be more coincident than leading:But because manufacturing has faded so much as a share of the US economy, with at least two false recession signal in […]

Q1 2024 U.S. Retail Scorecard – Wednesday, June 5

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash To date, 183 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 91% of the index. Of those companies that have reported their quarterly results, 73% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 26% reported earnings that fell below estimates. […]

Qualcomm Gains On Analyst Upgrades, Kneron AI Server News

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Qualcomm’s (QCOM) stock has increased, fueled by several analyst upgrades and positive ratings. TD Cowen raised the company’s price target from $200.00 to $235.00, reflecting strong confidence in Qualcomm’s market position. Other analysts, such as Argus, UBS Group, Piper Sandler, KeyCorp, and Canaccord Genuity, have recently increased their price targets as well. The consensus rating […]

Solana And Cardano: Solana Is Trying To Stay Above $172.00

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Solana chart analysisThis week’s strong bullish consolidation pushed the price of Solana up to the $175.00 level this morning. After that, we see a stop in that zone and a pullback to the $172.50 level. It could easily happen that the price initiates a pullback and looks for a new lower support level. We will test the […]

Analytical Overview Of The Main Currency Pairs – Wednesday, June 5

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0900 Prev Close: 1.0881 % chg. over the last day: -0.17% On Tuesday, the euro retreated from the 2-month high and suffered moderate losses. Weaker-than-expected German labor market news weighed on the euro after Germany’s unemployment rate rose more than expected in May. The ECB is […]

USD/JPY Analysis: Bullish Trend Broken

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Since the start of this week’s trading, the USD/JPY exchange rate has been subject to selling operations that pushed it towards the support level of 154.54 at the time of writing the lowest analysis in two weeks. Selling operations increased amid pressure on the US dollar price in anticipation of weak US jobs numbers at […]

Bank Of Canada Decision Stands Out

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Attempts for the currency market to rally against the Buck on Wednesday haven’t been all that successful thus far. The Dollar has been bid across the board, making the most impressive gains against the Yen.Video Length: 00:01:07More By This Author:The Right Kind Of Trend Fear And Uncertainty Creep Back In Currencies Extend Rally After Another […]