July 2024 - Page 2 of 267 -

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, July 31

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashI’m glad I marked yesterday’s after-market lows as the completion point for minute “a” of Minor 4. Due to the market putting in a strong rally ahead of the FED decision and META’s earnings. I noticed that the dispersion trade was likely back in motion today as the VIX was sold and the underlying […]

Federal Reserve: Setting The Scene For A September Cut

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThe Fed kept monetary policy unchanged, but offered enough for the market to keep faith with the 18 September FOMC meeting rate-cut call. Inflation is looking better behaved, the jobs market is softening and consumer spending is cooling, and with the policy rate well above neutral we look for 75bp of cuts this year with the potential […]

Knocking On September’s Rate Cut Door

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMARKETSWell, there’s never a dull moment in the market, especially on Fed Day, which just happened to coincide with month-end rebalancing—and what a month-end melt-up it was! Investors staged a dynamic rebound amid a rally in beaten-down chipmakers, with the latest economic data bolstering bets that the Federal Reserve will signal a rate cut […]

EUR/USD Cycles Familiar Levels As NFP Jobs Dump Looms Ahead

Jul 31, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD spun in place on Wednesday after Fed met expectations. The Fed continues to wait for signs of easing inflation, but looking hopeful. Friday’s US NFP to have extra weight after Fed flags labor data as key to rate cuts. EUR/USD churned near key technical levels on Wednesday after the Federal Reserve (Fed) held rates steady […]

Electronic Arts: A Strong Long-Term Investment At Lifetime High

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThis is at a lifetime high, but I’d say it’s a terrific-looking setup as a long position for the long haul.More By This Author:Drunken SchwabThe Money ShotOlympic Bargains And Overruns

USD/CAD Remains Weak Near 1.3800 After Fed Holds Rate Steady

Jul 31, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD weakens near 1.3805 in Thursday’s early Asian session. The Fed kept its key interest rate at 5.25% to 5.5% at its July meeting on Wednesday. Higher crude oil prices amid Middle East geopolitical risks support the commodity-linked Loonie. The USD/CAD pair trades on a softer note near 1.3805 during the early […]

Market Talk – Wednesday, July 31

Jul 31, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay ASIA:The major Asian stock markets had a green day today: NIKKEI 225 increased 575.87 points or 1.49% to 39,101.82 Shanghai increased 59.45 points or 2.06% to 2,938.75 Hang Seng increased 341.69 points or 2.01% to 17,344.60 ASX 200 increased 139.10 points or 1.75% to 8,092.30 KOSPI increased 32.50 points or 1.19% to 2,770.69 […]

Silver Price Analysis: XAG/USD Surges Over 2% Aims Towards $29.00

Jul 31, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver price jumps over 2%, trading at $28.99 after bouncing from daily lows of $28.25. XAG/USD clears the 100-DMA at $28.58; key resistance at $29.00 in focus. RSI indicates strengthening bullish momentum; next targets include $29.44 and $30.00, with support at $27.31 if bearish reversal occurs. Silver price resumed its uptrend and surged over […]

Stocks And Precious Metals Charts – Stocks Soared

Jul 31, 2024 Jeremy Parkinson Finance 0

Stocks soared.Gold and silver rallied hard up to overhead resistance.VIX did not decline, which was interesting.The Dollar fell sharply.Non-Farm Payrolls on Friday.The geopolitical situation is on a rolling boil, whether we wish to ignore it or not.Forewarned is forearmed. Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Drunk With Hate Under […]

Bitcoin L2s 101

Jul 31, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Bitcoin Layer 2 solutions are built on top of the main Bitcoin network to address its limitations: Speed up transactions Lower fees Enable more features and apps Key Layer 2 solutions:Benefits: Process more transactions per second Reduce congestion on main Bitcoin network Enable smart contracts and DeFi on Bitcoin Challenges: Some solutions are centralized Can […]