July 2024 - Page 107 of 267 -

Daily Market Outlook – Friday, July 19

Jul 19, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Asian stocks and currencies dropped due to economic and geopolitical concerns, despite market optimism about interest rate cuts, a global tech outage adds to the turmoil. The MSCI Asia Pacific Index fell over 1%, its biggest weekly decline in three months. Chinese stocks in Hong Kong led the region’s losses, as investors were not convinced […]

XRP: Big Upside Potential After Retracement

Jul 19, 2024 Jeremy Parkinson Finance 0

Image by WorldSpectrum from Pixabay Ripple has been trading down since July/August of 2023 and erased all of the positive reactions to the announcement that XRP won over SEC, back in July of 2023. It was an overcrowded trade that rarely worked. Well, after that drop to 0.38 cents a lot of liquidations occurred, and I think that […]

Forex: Trump & The Dollar

Jul 19, 2024 Jeremy Parkinson Finance 0

Overall, overnight markets took on a more risk-off tone, with equities falling and the Dollar strengthening.The key takeaway from the RNC convention, amid rumors of Biden stepping aside, was the unequivocal “America First” and a potential tariff double-down on China. This rhetoric put a bid under the dollar, particularly pronounced in USDJPY. As for the […]

Elliott Wave Technical Analysis: S&P/ASX 200 Index

Jul 19, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash S&P/ASX 200 Elliott Wave Technical Analysis Trend Analysis Function: Trend Mode: Impulsive Structure: Gray wave 5 Position: Orange wave 1 Next Lower Degrees Direction: Orange wave 2 Analysis DetailsThe S&P/ASX 200 Elliott Wave Analysis on the daily chart provides a technical overview of the Australian stock market index using Elliott Wave Theory. This analysis focuses on identifying the […]

Ethereum Price Is In A Bearish Trend For The Third Day

Jul 19, 2024 Jeremy Parkinson Finance 0

Ethereum chart analysisEthereum’s price has been in a slight bearish consolidation since Wednesday. After forming the weekly high at $3517, the bullish momentum of the price pullback stopped. For the second day in a row, we are trying to get support at the $3400 level, a key support level that has significant implications for Ethereum’s price movement. […]

Microsoft Outage Explained: How A Snag At Cybersecurity Firm CrowdStrike Brought The World To A Halt

Jul 19, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash Global Microsoft outage disrupts flights, supermarkets, and banking operations. Cybersecurity experts identify CrowdStrike update as the potential cause of the issue. Microsoft says it has been actively working to mitigate the impact of the outage. A massive global outage affecting Microsoft services has led to widespread disruptions across various sectors, including aviation, […]

Digital Realty Trust, Inc. Dividend Stock Analysis

Jul 19, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Linked here is a detailed quantitative analysis of Digital Realty Trust, Inc. (DLR). Below are some highlights from the above linked analysis:Company Description: Digital Realty Trust, Inc., is a real estate investment trust (REIT), that owns, acquires, repositions, and manages technology-related real estate.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along […]

Gold And Brent Decline Amid Stronger USD

Jul 19, 2024 Jeremy Parkinson Finance 0

Stronger USD pressures gold prices Investors expect multiple rate cuts Geopolitical issues may support gold Oil prices drop amid stronger USD, demand concerns Gold (XAUUSD) Gold continues to ease after setting another record last Wednesday, July 17, when it briefly hit $2483.76 an ounce.However, the XAUUSD may close in the red today, pressured by the rise in the U.S. dollar.The USD index jumped ~0.42% yesterday, July 18th, […]

Gold, A Safe Haven In The Face Of The Dual Debt/Deficit Problem In France And The US

Jul 19, 2024 Jeremy Parkinson Finance 0

July is a long way from the summer break we had hoped for. The Olympic truce should have brought a period of tranquillity, but this is not the case.Elections in France have brought a new order of events, increasing uncertainty about the country’s future with each passing day, as well as the growing challenges of […]

Doom And Gloom Into The End Of The Week

Jul 19, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Investors have become more distressed by the end of the week, and this distressed sentiment has translated to some very clear risk off flow opening renewed demand for the US Dollar and downside pressure on US equities.Video Length: 00:01:26More By This Author:ECB Decision Preview – Thursday, July 18Fed Chair Powell testimony In FocusUS […]