June 2024 - Page 35 of 240 -

Two Trades To Watch: DAX, USD/JPY Forecast – Wednesday, June 26

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash DAX rises as the tech trade rebounds Tech trade recovers after Nvidia gains German consumer confidence falls to -21.6 from -21 DAX grinds higher, guided by the 100 SMA The DAX is rising after a positive close on Wall Street, and despite weaker signs of the economic recovery in Germany, it is losing […]

Cardano Counters A Major Security Attack, Guarantees Network Stability

Jun 26, 2024 Jeremy Parkinson Finance 0

The Cardano (ADA) network encountered a distributed denial of service (DDoS) attack late on Tuesday.The attackers wanted to disrupt services by overwhelming the ADA network with massive spam transactions.Details show the incident began at block 10,487,530, where each transaction executed 194 smart contracts.The hacker spent 0.9 ADA for each transfer and filed blocks with immense […]

AUD/USD Hits Resistance Near 0.6690 After Rally Inspired By Hot Aussie Inflation

Jun 26, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay AUD/USD loses some intraday gains as the US Dollar rises strongly. Aussie’s hot CPI report for May has prompted RBA rate-hike bets. Investors shift focus to the US core PCE Inflation report for May. The AUD/USD pair surrenders some of its intraday gains after reaching to near 0.6690 in Wednesday’s European session. […]

USD/CHF Forecast: US Dollar Continues To Grind Higher Against Swiss Franc

Jun 26, 2024 Jeremy Parkinson Finance 0

The 0.90 level is an area that previously had been support. So, I think a certain amount of market memory comes into the picture at that point. Clearing that level would be a very strong sign. If you look at the most recent swing from the very low, you can draw a Fibonacci retracement down […]

Euro Dollar Commentary – Wednesday, June 26

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Rehn Backs Rate Cut ExpectationsEURUSD is looking weaker today on the back of comments from ECB’s Rehn this morning. The ECB policymaker said that market expectations for two further rate cuts this year looked reasonable. The comments were taken as a show of support for the current outlook on rates with pricing pegging […]

Chile’s GDP Growth Forecast At 2.2% Over Next Decade, Below Major Latin American Economies

Jun 26, 2024 Jeremy Parkinson Finance 0

Recently, 28 international and domestic financial institutions released the Consensus Forecasts report, predicting that Chile’s gross domestic product (GDP) will grow at an average rate of 2.2% over the next decade. depositphotos This forecast places Chile behind major Latin American economies such as Peru (2.9%), Colombia (2.8%), Argentina (2.4%), and Mexico (2.4%), and just above Brazil (2%).According […]

Fedex Shares Surge Over 13% As Investors Welcome $1.8 B Reduction In Structural Costs

Jun 26, 2024 Jeremy Parkinson Finance, No picture 0

FedEx Corp. shares surged over 13% in Wednesday’s premarket session following the company’s announcement of significant structural cost reductions for fiscal year 2024.Investors reacted positively to the news, which is part of FedEx’s broader strategic initiative aimed at enhancing efficiency and profitability. Cost-cutting measures by Fedex boost confidenceFedEx revealed that it had reduced $1.8 billion in […]

Coming Soon: A New High-Yield ETF On Energy

Jun 26, 2024 Jeremy Parkinson Finance 0

My investment strategies and newsletter recommendations focus on income stocks and funds. Being able to count on the predictable nature of dividends is far better to trying to guess the direction of stock prices and counting on capital gains, which may or may not show up when needed. depositphotosI also like commodities because they are the […]

Sensex Today Trades Marginally Higher; Nifty Above 23,700

Jun 26, 2024 Jeremy Parkinson Finance 0

Stocks in Asia fell as Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates.Equity benchmarks edged lower in Australia and South Korea, while those in Japan steadied.A rebound in Nvidia shares led the S&P 500 and Nasdaq Composite higher on Tuesday, a day after a sell-off in the chipmaking giant.Here’s a table showing […]

Bitcoin Forex Signal: Looks Ready To Bounce

Jun 26, 2024 Jeremy Parkinson Finance 0

Potential signal: I believe that Bitcoin (BITCOMP) is going to rally from here, so I have no problem buying it. depositphotos I would have a stop loss near the $59,000 level and aim for the $72,000 level above. This is a simple range bound play. Bitcoin rose during the trading session on Tuesday, bouncing from […]