June 2024 - Page 34 of 240 -

The Germans Are Coming

Jun 26, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay In the corporate world, you often see scenarios where a company that has done well will use its inflated stock currency to buy beaten-down assets on the cheap. Based on this logic, you would expect US companies, which have steadily outperformed their European peers for years, to be on the prowl in Europe […]

Spot Ethereum ETF to attract $15 billion by 2025’s end: Bitwise CIO

Jun 26, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Ethereum (ETH) exchange-traded products (ETPs) are set to draw $15 billion in net inflows within the first 18 months of their launch, according to Matt Hougan, Chief Investment Officer (CIO) at Bitwise. In a recent report, Hougan underscored that Bitcoin and Ethereum ETPs should capture net inflows comparable to their market cap, where ETH gets […]

Bitcoin Bounces Back Above $62,000: Can It Sustain The Rally?

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels After hitting a six-week low on Monday at around $58,400, Bitcoin bounced back above $62,000, with its RSI flashing oversold and hitting its lowest in over a year. Some, like Robert Kiyosaki, have urged investors to HODL, while other analysts believe that if Bitcoin holds above $62,000, bulls will come in and […]

USD/CAD Recovers At Fed Rate-setters’ Reluctance To Endorse Interest-Rate Cuts

Jun 26, 2024 Jeremy Parkinson Finance 0

USD/CAD edges higher on Wednesday, trading in the 1.3680s as the US Dollar (USD) firms up on commentary from several Federal Reserve (Fed) rate-setters, that overall suggests the US central bank is reluctant to cut its main interest rate, the Fed Funds rate, due to insufficient progress being made on lowering inflation. This is viewed as positive for the […]

Unlocking ASX Trading Success: V300AEQ ETF Units – Wednesday, June 26

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that wave 2-grey has ended and wave 3-grey is unfolding to push higher, sub waves are developing in the form of wave ((i)),((ii))-navy and have ended, Wave ((iii))-navy may be unfolding to push higher.ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((iii))-navy of Wave 3-grey Details: The short-term outlook shows that wave ((ii))-navy has just ended and it seems that wave ((iii))-navy is opening to push higher, while price must always maintain above 94.64 to maintain this outlook. Invalidation point: 94.64ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave c-grey of Wave (ii)-orange of Wave ((iii))-navy Details: The shorter term outlook shows that wave ((i))-navy has just ended at 94.64 and wave ((iii))-navy is unfolding, it is subdividing into wave (i)-orange and it’s over, now […]

Hot Stocks For The Hot Summer

Jun 26, 2024 Jeremy Parkinson Finance 0

Summer is here! While you may have planned your vacation and trips to the beach, have you thought about your investments?The stock market doesn’t take a holiday, but understanding how seasonality affects financial markets can help you make some smart summer moves. Let’s dive into the world of summer stocks, and discover why certain stocks […]

EUR/USD Analysis: Bearish Stability Continues

Jun 26, 2024 Jeremy Parkinson Finance 0

EUR/USD’s attempts to rebound higher at the start of this week’s trading failed, with gains not exceeding 1.0746, as it quickly returned to its strongest downward path. It stabilized around 1.0693 at the time of writing. Some calm words from the French National Party led by Le Pen helped lift the euro on Monday, but […]

General Mills Misses Expectations In Fiscal Q4, Net Sales Down 6%

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash General Mills, Inc. (NYSE: GIS) revealed its financial results for the fourth quarter of fiscal 2024, showcasing a mixed performance amidst a challenging market environment.Net sales for the quarter stood at $4.7 billion, marking a 6% decrease from the previous year. This decline was attributed to unfavorable net price realization and mix and lower […]

Aussie Dollar Commentary – Wednesday, June 26

Jun 26, 2024 Jeremy Parkinson Finance 0

Aussie CPI Jumps AgainAUDUSD is trading higher today on the back of the latest Australian inflation figures released overnight. Aussie CPI was seen unexpectedly jumping to 4% last month, up from 3.6% prior and above the 3.8% the market was looking for. Sticky inflation has been a big challenge for the RBA over recent months […]

Rivian Stock Rises Almost 50% After Hours Off Back Of Investor Call

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

Electric vehicle maker Rivian Automotive Inc (NASDAQ: RIVN) hosted an open investors’ call last night, at 6pm Eastern Time, at which it discussed the new $5 billion dollar deal that sent the Rivian stock price soaring yesterday. The Rivian stock priceAs a result, Rivian’s share price rose $5.97, or 49.92%, in after-hours trading.At the time of […]