July 2024 - Page 184 of 267 -

Sensex Today Ends 427 Points Lower; Nifty Below 24,350

Jul 10, 2024 Jeremy Parkinson Finance 0

After opening the day higher, benchmark indices reversed the momentum as the session progressed on and ended the day lower.Indian shares reached record highs at the opening of trading on Wednesday, driven by the ongoing rally of car maker Maruti Suzuki. However, the benchmark indices quickly retreated from these highs, influenced by weakness in financial […]

Bull Of The Day: Paycom Software

Jul 10, 2024 Jeremy Parkinson Finance 0

Paycom Software, Inc. (PAYC) is growing its cloud-based HR software business in 2024. This Zacks Rank #1 (Strong Buy) is expected to see double digit sales growth both in 2024 and 2025.Paycom Software is a leading provider of cloud-based human capital management software, including for HR and payroll. It’s a mid-cap company with a market cap […]

Fed Chair Jerome Powell Eyes Interest Rate Cuts Starting September

Jul 10, 2024 Jeremy Parkinson Finance 0

Hope of a Fed rate cut in July is has all but vanished. But more than one cut are now priced in by December.Data from CME Fedwatch, calculation and chart by Mish. I thought there was a decent shot at a July cut. That’s all but totally priced out so I removed July from the […]

EUR/USD Forecast: Dollar Falls After Brief Rise On Fed Remarks

Jul 10, 2024 Jeremy Parkinson Finance 0

The EUR/USD forecast is bullish as the dollar retreats after rising in the previous session due to Powell’s cautious remarks. Meanwhile, ECB policymakers are calling for more rate cuts which could put pressure on further gains for the euro. Markets perceived Powell’s speech on Tuesday as cautious. However, there were dovish tones which kept rate cut […]

Bitcoin Price Swings Above $59,000 Level This Wednesday

Jul 10, 2024 Jeremy Parkinson Finance 0

Bitcoin chart analysisBitcoin’s price has been in a bullish consolidation since Monday, a period of steady price movement within an upward trend. On Monday evening, we saw a retest at the weekly open price. After that, the price started a bullish consolidation that continues today. A few hours ago, we saw a strong bullish impulse above the […]

Gold Analysis: Dollar Rebound Pauses Gold’s Gains

Jul 10, 2024 Jeremy Parkinson Finance 0

Gold prices retreated below $2,350 an ounce during yesterday’s trading session, extending losses from a one-month high of $2,390 touched on July 5th. This was as markets continued to assess the timing and extent of potential Federal Reserve interest rate cuts in the coming quarters. In his congressional testimony, Fed Chair Powell reiterated the central […]

Bitcoin Extends Gains As US ETF Inflows Battle German Govt Selling Overhang

Jul 10, 2024 Jeremy Parkinson Finance 0

The German government is no longer a “Bitcoin billionaire”, as Arkham Intelligence reports that this morning saw them unload another 2000 BTC ($117mm) to exchanges, leaving just 13,360 BTC ($785mm) remaining – 26.8% of the original bitcoin seizure from movie-pirating site, Movie2k.But while the US and German governments are simultaneously doing their best to instill FUD in the […]

Tesla Dubbed A ‘New Meme Stock’: Find Out More

Jul 10, 2024 Jeremy Parkinson Finance 0

Tesla Inc (TSLA) is in focus this morning after Bill Gross said the electric vehicles behemoth has turned into a meme stock. Gross was once an influential investor in bond market of the United States. Tesla stock has gained a whopping 85% in less than three months. Why does Bill Gross see Tesla as a meme stock?The former […]

Crypto.com partners with Unstoppable Domains for Web3 domain sale

Jul 10, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Crypto.com and Unstoppable Domains offer 200 premium Web3 domains priced from $20 to $10,000. Web3 domains provide full ownership rights and support native crypto payments. Crypto.com and Unstoppable Domains have partnered to offer 200 premium Web3 domains in a flash sale. The domains will be available through Crypto.com’s platform, with prices ranging from […]

USD/CAD Price Analysis: Potentially Beginning New Leg Higher Within Range

Jul 10, 2024 Jeremy Parkinson Finance 0

USD/CAD has been trading in a range since the start of May. At first it looked like the pair had formed a Symmetrical Triangle pattern but the pattern failed to evolve. The pair’s lack of directionality means the short-term trend is probably now sideways. Given the “trend is your friend” the odds favor a continuation of […]