July 2024 - Page 20 of 267 -

Gold Price Languishes Around $2,380, Looks To Fed Decision For Fresh Impetus

Jul 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold price remains depressed amid a modest USD strength, though the downside seems limited. September Fed rate cut bets might cap further USD gains and lend support to the XAU/USD. Traders also seem reluctant ahead of the key central bank event risks and important macro data. Gold price (XAU/USD) struggled to find acceptance […]

Flat Trading Day Ahead Of Key Q2, Econ Reports

Jul 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThe first trading day of the week was flat. It didn’t look like it was starting out that way, with pre-market futures well into the green — continuing Friday’s rally for the full trading day. But around lunchtime, three of the four major indices went to zero and the small-cap Russell 2000 sank below […]

GBP/USD Technical Analysis: Downtrend Continues Within Falling Channel

Jul 29, 2024 Jeremy Parkinson Finance 0

Photo by Colin Watts on Unsplash The GBP/USD pair has been showing a consistent downward trend, with recent price action providing valuable insights for traders. Let’s break down the key levels and potential scenarios to watch. Recent Developments GBP/USD has extended its downside move from 1.3044 to a low of 1.2806 The pair is currently trading within a […]

The USDJPY 151.50-152.00 Bermuda Triangle

Jul 29, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayAhead of the much-anticipated central bank meetings with the Fed and BOJ later this week, the market seemed as indecisive as a cat at a crossroads, struggling to find a clear direction. Ultimately, the day ended with a slight risk-off tone, which gave the dollar a subtle boost in the grand scheme of things. […]

WTI Extends Its Decline Below $76.50 Amid China Demand Concerns, Eyes On Fed Rate Decision

Jul 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay WTI attracts some sellers near $76.25 in Tuesday’s Asian session, down 0.45% on the day. The weaker outlook for crude demand in China weighs on the WTI price. Rising geopolitical tensions in the Middle East are likely to disrupt oil supplies, capping the downside for Oil prices. West Texas Intermediate (WTI), the US crude oil benchmark, […]

These Fakeout Breakouts Could Be Easy Money Tomorrow

Jul 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Weekend’s over, let’s make some money! Markets are range-bound ahead of major news later this week…Put those 2 clues together (news + ranges) and it’s easy to see why these Fakeout Breakouts are my favorite trades for Tuesday!Remember – ranges love to *rotate* up and down like a pendulum…The goal is to buy […]

Financial Markets Report For Monday, July 29

Jul 29, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, July 29.Video Length: 00:12:40More By This Author:Metal Markets Report For Friday, July 26 SPDR ETF Report For Friday, July 26 Financial Markets Report For Friday, July 26

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, July 29

Jul 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashUpdated the charts as the markets remain basically in a “box.” Both continue to carry the potential to move up and complete the internal “b” waves of Minor 4th waves — or drop to new lows to complete the minuet 5th waves of the internal minute “a” waves of Minor 4th waves. I also […]

Asia Morning Bites For Tuesday, July 30

Jul 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: There wasn’t much on yesterday’s US calendar, and this was reflected by rangebound US Treasuries. 2Y UST yields rose 1.6 basis points, while those on the 10Y fell 1.9bp to 4.174%. EURUSD dipped sharply to 1.0821, but the AUD remains close to yesterday’s level at about 0.6550. […]

Three Things – Commodities, Bitcoin & Stocks

Jul 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsHere are three things I think I am thinking about to start the week. Let’s talk about three big asset classes….1) Commodities and an inflation resurgence.I think I’ve had a decent track record on inflation over the last few years during a pretty tumultuous period of inflation. Early in Covid, I said the huge government deficits […]