July 2024 - Page 234 of 267 -

Elliott Wave Technical Analysis: ASX Limited – Thursday, July 4

Jul 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay 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: ASX LIMITED – ASX Elliott Wave Technical […]

Mt. Gox activates Bitcoin wallets, makes small transfers to chosen exchange for repayments

Jul 04, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Small bitcoin transactions from Mt. Gox wallets are believed to be part of preparations for a $9 billion repayment plan. Funds from these transactions are directed to exchanges like Kraken and Bitbank, which will facilitate access for their clients. A few wallets linked to Mt. Gox transferred a small amount of Bitcoin earlier […]

Expect 0.5%+ Move On The EURUSD On Friday’s NFP

Jul 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay On Friday we have the US non-farm payroll in print and markets are looking for reasons to price in the next monetary policy move from the Federal Reserve. An out of consensus print is likely to sharply move the USD. However, how much is the EURUSD likely to move? Well, looking at Seasonax’s […]

This Could Force The Fed To Cut Rates In July

Jul 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Fed officials have repeatedly stated they are going to be patient before pivoting to rate cuts. But that would only be the case if the economy is actually strong and resilient. Should the labor market show signs of falling off dramatically, they’d cut their rates in a hurry. Today’s macro data were filled […]

Dogecoin And Shiba Inu: Dogecoin Is Approaching 0.11000

Jul 04, 2024 Jeremy Parkinson Finance 0

Dogecoin chart analysisThis morning, we saw a solid bearish impulse of the Dogecoin price to a new July low at the 0.11180 level. By descending to this level, a four-month low was formed. After that, the price recovered slightly to 0.11600, where it encountered new resistance. This led to the initiation of a new bearish consolidation and […]

The Commodities Feed: Brent Breaks Above $87

Jul 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Brent broke above $87/bbl yesterday as the oil market reacted to updates on Hurricane Beryl threatening production. Tight US inventory has further helped the rally. Energy – EIA reports lower oil inventoriesICE Brent settled above US$87/bbl for the first time since mid-April yesterday, before giving up some gains in the early trading session today. […]

Asian Stock: CTCI Corporation

Jul 04, 2024 Jeremy Parkinson Finance 0

Company: CTCI CorporationBloomberg ticker: 9933 TTMarket cap: US$1,267mBackground: CTCI Corporation provides civil engineering consulting services. The Company offers safety evaluation, feasibility research, engineering design, and equipment purchasing services for plant construction projects. World Class Benchmarking of CTCI Corp Profitable Growth rank of 9 was down compared to the prior period’s 7th rank This is poor performance compared to 1,390 […]

Daily Market Outlook – Thursday, July 4

Jul 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Asian equities rose as economic data reinforced the Federal Reserve’s case for interest rate cuts, and the yen rebounded from its lowest level against the dollar since 1986. Technology companies drove the MSCI Asia-Pacific gauge to its highest level in over two years, with Japan’s Topix reaching a record intraday high and stocks […]

NZD/USD Continues To Climb Amidst USD Weakness

Jul 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The NZD/USD pair has extended its upward movement into a third session, reaching 0.6106 amid growing weaknesses in the US dollar.Negative shifts in US economic indicators, particularly June’s disappointing private sector employment data from ADP and uncertain PMI signals, have supported the New Zealand dollar’s recent gains. These factors have fuelled speculations about […]

Could This Be The Turning Point? The S&P 500’s Next Big Move Explained

Jul 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Watch the free-preview video below extracted from the WLGC session before the market opens on 3 Jul 2024 to find out the following: The significance of shallow consolidations in the S&P 500 and what it indicates about market direction How to read volume trends and identify selling into strength, and their implications for future market moves. […]