June 2024 - Page 85 of 240 -

Analytical Overview Of The Main Currency Pairs On – Wednesday, June 19

Jun 20, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0735 Prev Close: 1.0742 % chg. over the last day: +0.07 % Yesterday was a bank holiday in the US, so volatility remained low, given the lack of important economic events in the Eurozone. Investors’ attention is now directed towards the election campaign in France. Franco-German spreads […]

Binance faces $2.2 million penalty from India’s financial watchdog for AML breaches

Jun 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The Indian Financial Intelligence Unit (FIU) has fined Binance 188.2 million rupees ($2.25 million) for violations of India’s Prevention of Money Laundering Act (PLMA) while operating within its jurisdiction, according to an order dated June 19, 2024.India’s financial watchdog orders Binance to pay a $2.25 million fine – Source: FIU-INDIAIn particular, the FIU found that […]

Unlocking ASX Trading Success: ASX LIMITED – ASX Stock Analysis & Elliott Wave Technical Forecast

Jun 20, 2024 Jeremy Parkinson Finance 0

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 thereafter.ASX: […]

FX Daily: Central Bank Meetings In Europe Dominate

Jun 20, 2024 Jeremy Parkinson Finance 0

The FX focus today switches to central bank meetings in Europe. We think that the risks of a dovish Bank of England are underpriced, and the risks of a dovish Swiss National Bank and Norges Bank are overpriced. This could play out in their respective currencies today. Elsewhere, Asia FX remains in the doldrums as risks of […]

GBP/USD Forecast: Strong Underlying Inflation Boosts Sterling

Jun 20, 2024 Jeremy Parkinson Finance 0

UK inflation fell to the 2% BoE target for the first time in almost three years. UK services price inflation increased by 5.7%, more significant than the forecast 5.5%. US data on Tuesday showed soft retail sales in May. depositphotos The GBP/USD forecast shows a surge in bullish momentum after data from the UK showed that […]

Bitcoin is part of President Milei’s vision for free currency competition in Argentina

Jun 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Argentina’s President Javier Milei has expressed his support for the use of Bitcoin (BTC), alongside other currencies in the country as part of his strategy for free currency competition. Milei said that Argentinians could choose the currency that best suits their needs. “There will be free currency competition, so if you want to use Bitcoin, […]

Stock Market Social Mood And The Biden Trump Election

Jun 20, 2024 Jeremy Parkinson Finance 0

Social mood regulates voters’ perception of leaders. In most cases, the best measure of social mood is the direction of the stock market. So, what has the stock market been up to? depositphotos The three major U.S. stock indexes – the DJIA, S&P 500 and NASDAQ – topped in late 2021/early 2022. After trending mostly sideways for […]

Rates Spark: EU Underlines Fiscal Concerns

Jun 20, 2024 Jeremy Parkinson Finance 0

Markets have calmed down a bit since the French election turmoil started last week. Bund yields remain lower, reflecting still lingering uncertainty and reduced risk appetite. The start of the EU’s Excessive Debt Procedure did not stir markets, but we think political risks can materialize later this year as correction plans are handed in for […]

A New Hybrid AI/Human Social Network

Jun 20, 2024 Jeremy Parkinson Finance 0

Former Snap engineer Bobby Murphy has launched a new social network called Butterflies, which integrates AI-driven entities that can engage in conversations, provide companionship, and assist with various tasks. The platform’s AI companions are designed to learn from user interactions to continuously improve their responses and adapt to individual preferences, creating a personalized and dynamic social […]

EUR/USD Weakens Below 1.0750 As Eurozone Political Uncertainty Poses Downside Risks For Euro

Jun 20, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD loses traction around 1.0730 as markets turn cautious in Thursday’s early European session. The worries about the Eurozone political uncertainty in the Eurozone continue to undermine the Euro. The Fed’s wait-and-see mode might boost the Greenback despite the recent weaker US Retail Sales data. The EUR/USD pair weakens near 1.0730, snapping the three-day […]