June 2024 - Page 73 of 240 -

Standard Chartered set to debut spot Bitcoin, Ethereum trading platform

Jun 21, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Standard Chartered is launching its spot trading operations specifically for Bitcoin (BTC) and Ethereum (ETH), Bloomberg reported on Friday, citing people familiar with the matter. The new offering will expand the bank’s suite of digital asset services, including crypto custody and OTC trading.Standard Chartered’s FX trading division will handle spot trades for the two leading […]

S&P 500 Forecast: Pressure From Buyers

Jun 21, 2024 Jeremy Parkinson Finance 0

The S&P 500 did initially rally during electronic overnight trading on Thursday, but it’s since given back quite a bit of the gains. At this point, I think the market is still very much a bullish market, but we may need to pull back in order to find a little bit of value. Short-term pullbacks […]

GBP/USD Outlook: Dollar Soars To 5-Week High Against Pound

Jun 21, 2024 Jeremy Parkinson Finance 0

The GBP/USD outlook remains bearish, with the dollar at a five-week high against the pound. This trend is due to an increasing policy divergence between the Federal Reserve and other major central banks. Notably, the Bank of England held rates on Thursday but signaled looming rate cuts. At the same time, the Swiss Nation Bank […]

Polygon Ready For Recovery As Holder Sentiment Signals Renewed Interest

Jun 21, 2024 Jeremy Parkinson Finance 0

Polygon (MATIC) seems prepared for upswings towards the resistance level of $1.The altcoin displayed increased momentum after a consolidation phase, confirming enhanced investor interest and potential price surges.Moreover, Polygon boasts a stable number of wallets, suggesting consistency in new address creation.Meanwhile, the project has seen slight upticks in wallets holding MATIC balances.That indicates surges in […]

Dell And Nvidia Are Jointly Building An Artificial Intelligence Factory. SNB Cuts Rate For The Second Time In A Row

Jun 21, 2024 Jeremy Parkinson Finance, No picture 0

At the end of yesterday, the Dow Jones (US30) Index was up 0.77%, while the S&P 500 (US500) Index decreased by 0.25%. The NASDAQ Technology Index (US100) closed negative 0.79%. Stocks initially went up on Thursday, with the S&P 500 and Nasdaq 100 setting new record highs amid gains in chipmaker stocks. Chipmakers initially rose Thursday after Dell Technologies (DELL) CEO tweeted that his company […]

Avery Dennison Corp. (AVY) Stocks Elliott Wave Technical Analysis

Jun 21, 2024 Jeremy Parkinson Finance 0

AVY Elliott Wave Analysis Trading Lounge Daily Chart,Avery Dennison Corp., (AVY) Daily ChartAVY Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iii} of 5. DIRECTION: Upside in wave {iii}.DETAILS: Looking for upside into wave 5, equality of 5 vs. 3 which in this case will stand as invalidation level, as wave 3 is currently shorter than 1, stands at […]

The Yen Is Falling Again: The Devaluation Scenario Remains The Main One

Jun 21, 2024 Jeremy Parkinson Finance 0

The Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97.The currency pair is now again close to the levels when the Bank of Japan and the country’s authorities conducted currency interventions. Japan’s top currency diplomat, Masato Kanda, stated that the government is prepared to take measures against speculative […]

Equity Bulls Riding Tailwinds Of Margin Debt And Buybacks – For Now

Jun 21, 2024 Jeremy Parkinson Finance 0

The S&P 500 is on course for a third straight up quarter, with a touch of ‘parabolic’ to it. Buybacks and margin debt have provided a tailwind, although the latter in particular points to a lack of aggressive willingness to take on leverage. Once they stop cooperating, history teaches us ‘parabolic’ can go the other […]

EUR/CHF Forecast: Bounces After SNB Rate Cuts Technical Analysis

Jun 21, 2024 Jeremy Parkinson Finance 0

The Euro has rallied significantly during the early hours on Thursday as the Swiss National Bank decided to cut rates. This makes quite a bit of sense as we have seen the Swiss franc lose value across the board, and the euro had been extraordinarily oversold against the Swiss franc. The question of course now […]

EUR/USD Slumps Due To Weak Eurozone PMIs, Firm US Dollar

Jun 21, 2024 Jeremy Parkinson Finance 0

EUR/USD faces selling pressure in Friday’s European session due to multiple headwinds. The major currency pair declines to a six-week low near 1.0670 as the Euro weakens after downbeat Eurozone’s preliminary PMIs data that suggested the economy is losing momentum.The HCOB PMP report, produced by S&P Global, shows that the Composite PMI unexpectedly declined to 50.8 in June from the prior […]