June 2024 - Page 82 of 240 -

Bitcoin unlikely to be affected by US presidential debates, analysts predict

Jun 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Bitfinex analysts assessed that the Bitcoin (BTC) price is unlikely to be significantly affected by the outcome of the US presidential debate between Joe Biden and Donald Trump on June 27th. Yet, the broader crypto market and the tokens related to presidential candidates, labeled by the analysts as PolitiFi tokens, could witness some short-term changes. […]

Gold Analysis: Forming An Uptrend Channel

Jun 20, 2024 Jeremy Parkinson Finance 0

Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year. According to the results of the economic calendar, data on Tuesday showed that US retail sales barely rose, indicating a decline in […]

Global Diversification Might Not Be Dead

Jun 20, 2024 Jeremy Parkinson Finance 0

The chart below suggests that global diversification could be dead. The S&P 500 notched a total return of 13.3% annually over the past 15 years, while the MSCI EAFE and MSCI Emerging Markets indices returned 5.9% and 3.2% per annum respectively. The performance gap primarily stems from differences in earnings growth. S&P 500 earnings grew […]

Bull Of The Day – Datadog

Jun 20, 2024 Jeremy Parkinson Finance, No picture 0

Datadog (DDOG), a data analytics company that makes tools for monitoring infrastructure and application performance, surfaced back on my “buy radar” this month after we last took profits on the stock on the big move from $80 to $120.Here’s what I told my TAZR Trader group on June 11…Portfolio is buying Datadog.I’ve been eyeing our re-entry […]

USD/CAD Dips To 1.3710; Key Indicators And Fed Comments US 10-Year Treasury Yield Falls to 4.219% Amid Retail Sales Data Analysis of Other Major Currency Pairs

Jun 20, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CAD exchange rate currently stands at 1.3710, experiencing a slight decrease from the previous close of 1.3719. The overnight trading range for the currency pair fluctuated between 1.3707 and 1.3727. In the early Asian trading session on Thursday, the USD/CAD showed signs of gaining traction. Thereby recovering modestly from a four-day losing streak. This […]

Accenture Misses Q3 Forecasts But Stock Gains On AI-Fueled Guidance

Jun 20, 2024 Jeremy Parkinson Finance 0

Accenture (ACN) reported mixed fiscal third-quarter results. However, the company’s stock surged in pre-market trading as investors focused on Accenture’s raised guidance.ACN depositphotos Accenture (ACN) reported mixed results for its fiscal third quarter, falling short of analyst expectations on both revenue and earnings per share. However, the company’s stock surged in pre-market trading as investors focused on Accenture’s […]

LayerZero’s ZRO token airdrop with mandatory donations goes live

Jun 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Claims for LayerZero’s new ZRO token went live today, but the airdrop mechanics required a 10 cent donation for each token participants wish to receive. This initiative, announced via an X post, ties token claims to donations directed to the Protocol Guild, aiming to align long-term commitment with the LayerZero protocol.LayerZero emphasized the innovative aspect […]

The Nvidia Speedometers

Jun 20, 2024 Jeremy Parkinson Finance, No picture 0

Nvidia (NVDA) looks ready to set another record. More By This Author:Record High AllocationMidweek ETF ReviewCrypto Sputters

The Problem With Juneteenth

Jun 20, 2024 Jeremy Parkinson Finance 0

June 19, is Juneteenth. One hundred fifty-nine years ago, on June 19, 1865, Major General Gordon Granger arrived in Texas and declared that all slaves in the state were free. The following year, in 1866, residents of the town where Granger had issued the order celebrated the anniversary as “Jubilee Day.” depositphotos Eventually, the name changed to Juneteenth, and […]

Gold Trades Little Changed As Fed Rate-Cut Expectations Sustain

Jun 20, 2024 Jeremy Parkinson Finance 0

Gold trades flat on low holiday volumes as US bond markets close for Juneteenth-day celebrations. Fed officials continue to toe the official line on interest rates, advocating a cautious, data-driven approach. XAU/USD continues forming a bearish Head-and-Shoulders pattern on the daily chart. Gold (XAU) trades in a tight range in the $2,320s in quiet markets on […]