June 2024 - Page 23 of 240 -

The Central Bank Of Turkey’s June Meeting Brings No Surprises

Jun 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels While the policy rate was kept on hold at 50% in its June MPC meeting, the Central Bank of Turkey retained its tightening bias and continued to monitor liquidity conditionsThe Central Bank of Turkey (CBT) has kept its policy rate unchanged at 50%, in line with both the consensus and our call. The upper band and […]

Elliott Wave Technical Analysis: NextEra Energy Inc.

Jun 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash NEE Elliott Wave Analysis Trading Lounge Daily Chart,NextEra Energy Inc., (NEE) Daily ChartNEE Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Minor 4DIRECTION: Wave {b} of 4. DETAILS: Looking for further continuation in wave 4, to develop around 72$, as we already hit equality of 3 vs. 1. NEE Elliott Wave Analysis Trading Lounge 4Hr Chart,NextEra […]

USD/JPY Forecast: Dollar Surges To Critical $160.00 Level

Jun 27, 2024 Jeremy Parkinson Finance 0

The USD/JPY forecast points North as a surge in the dollar puts the yen at the $160 level that triggered a BoJ intervention in April. Consequently, there is a lot of caution in the market as investors fear another intervention.The dollar rose Tuesday after Fed policymakers kept cautious and failed to provide clear guidance on […]

Initial Claims Remain Positive, While Continuing Claims Break Out Negatively From 12 Month Range

Jun 27, 2024 Jeremy Parkinson Finance 0

Initial claims declined -6,000 last week to 233,000. The four week moving average increased, however, by 3,000 to 236,000, the highest since last September. Continuing claims, with the usual one week delay, increased 18,000 to 1.839 million, breaking out of their 12 month range to the highest level (by 10,000) since November 2021:On the YoY% […]

The Vast Majority Of Professional Investors Own Some Gold

Jun 27, 2024 Jeremy Parkinson Finance 0

By Mike Maharrey, Money Metals Exchange Despite the generally negative attitude toward gold you hear in the mainstream financial media, the vast majority of professional investors in North America own at least gold and the number has been growing in recent years.A World Gold Council survey of 525 North American investors found a steadily growing […]

Big Banks Pass An Extreme Stress Test Including 10 Percent Unemployment

Jun 27, 2024 Jeremy Parkinson Finance 0

Raise your hand if you think banks are as sound as the Fed says they are. Stress Test ResultsPlease consider the 2024 Federal Reserve Stress Test Results This year’s hypothetical scenario is broadly comparable to last year’s scenario. It includes a severe global recession with a 40 percent decline in commercial real estate prices, a substantial […]

Coinbase sues SEC and FDIC for crypto regulatory clarity

Jun 27, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Coinbase is suing the SEC and FDIC to access documents about crypto regulation. The lawsuits are part of Coinbase’s effort to challenge what it sees as unfair regulatory practices. Coinbase has initiated legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), as reported by FOX Business. […]

Tech Valuations Raise Concerns Amid Market Rally

Jun 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The S&P 500 Technology Sector’s price-to-sales (P/S) ratio has surged to an unprecedented ~10x, surpassing the previous 2021 record and even exceeding the levels seen during the peak of the Dot-Com bubble in 2000. This sharp increase reflects a doubling of the Big Tech P/S metric in just over a year, alongside a […]

Unlocking ASX Trading Success: ASX Limited – Thursday, June 27

Jun 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ASX: ASX LIMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED – ASX. We observe that ASX LIMITED is approaching the end of wave 2-grey, but needs more evidence on price action for confirmation, also allowing wave 3-grey to be opened to push higher […]

Upward Revisions Alter View Of Trends For New Home Market Cap

Jun 27, 2024 Jeremy Parkinson Finance, No picture 0

At first glance, after downward momentum in the U.S. new home market reasserted itself in April 2024, it took deeper hold in May 2024.That gloomy assessment is based on how May 2024’s new home sales data is being reported in the media. Here’s a sample from Reuters: Sales of new U.S. single-family homes dropped to a six-month low in […]