July 2024 - Page 55 of 267 -

The Energy Report: Shake The Dust

Jul 25, 2024 Jeremy Parkinson Finance, No picture 0

Oil trade is having a hard time shaking off economic fears even after some very bullish petroleum data suggests that crude supply is tightening, and US oil production is plateauing. Confidence in the world’s largest economy is being shaken after Biden failed to seek reelection and the attempt on President Trump’s life. Pro Gaza and […]

Is The Latest Surge In Stock Market Volatility Noise Or Signal?

Jul 25, 2024 Jeremy Parkinson Finance 0

Two weeks ago I wrote: “US stocks look overbought,” based on a variety of metrics. Fast forward to yesterday’s close for the S&P 500 Index and equities are well below their recent peak. Dumb luck? Maybe, but the better question is whether the latest decline is the start of an extended slide or just a garden variety […]

Elliott Wave Analysis: USDCAD Turning Upside From Sideways

Jul 25, 2024 Jeremy Parkinson Finance 0

Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years. How soon can the breakout happen?In May 2021, USDCAD completed a five-year-long bearish corrective cycle that started in January 2016. Since then, the long-term bullish […]

Is A Cardano ETF Next After Ethereum ETF’s Strong Start?

Jul 25, 2024 Jeremy Parkinson Finance, No picture 0

The cryptocurrency world is buzzing with speculation about the next potential crypto ETF, with Cardano’s ADA at the center of the conversation. Following the successful launch of Ethereum’s spot ETF, the spotlight has shifted towards ADA. The excitement intensified when Cardano founder Charles Hoskinson responded to a query on the X platform from Tap Tools regarding […]

Colombia’s largest bank taps Chainlink for stablecoin transparency

Jul 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Wenia integrates Chainlink’s Proof of Reserve to enhance transparency for its Colombian peso-backed stablecoin. Colombia ranks 32nd globally and 4th in Latin America for crypto adoption, with $200 million in monthly transactions. Wenia, a digital asset company under the Bancolombia Group, has integrated Chainlink’s Proof of Reserve (PoR) to enhance transparency for its […]

Yen’s Surge Continues, While PBOC Surprises With Another Rate Cut

Jul 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Overview: The capital markets are in flux. The powerful short-covering rally of the yen and unwinding of carry trades continues. For the second time this week, the PBOC has surprised by cutting interest rates. The dramatic sell-off of equities continues. The unexpected contraction of South Korea’s Q2 GSP (-0.2%) is seen as confirmation of […]

USD/CAD Posts Fresh Eight-Month High Near 1.3850 After Robust US GDP Growth

Jul 25, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CAD pair refreshes an eight-month high near 1.3850 in Thursday’s New York session. The Loonie asset strengthens as the US Dollar (USD) has bounced back strongly after upbeat United States (US) Q2 Gross Domestic Product (GDP) growth.Flash US GDP report showed that the US economy grew at a robust pace of 2.8%, which is double the prior release […]

AUD/USD Forecast: Key Support At 0.6575

Jul 25, 2024 Jeremy Parkinson Finance 0

In my daily analysis of the Australian dollar, it’s easy to see that we had initially pulled back but have found a significant amount of support near the 0.6575 level. By doing so, it looks like the US dollar is going to be on its back foot, and that does make a certain amount of […]

GBP/USD Forex Signal: Bearish Outlook Ahead Of PCE Data

Jul 25, 2024 Jeremy Parkinson Finance 0

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2800. Add a stop-loss at 1.3000. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.2915 and a take-profit at 1.3000. Add a stop-loss at 1.2850. The GBP/USD pair wavered after the flash July PMI report revealed that the UK economy was doing well. It was […]

Fintech giant Revolut authorized to become a UK Bank

Jul 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Revolut secures UK banking license with restrictions from PRA, set to offer loans and mortgages after the restricted period. By gaining broader mainstream appeal through its expanded banking services, Revolut could help introduce and onboard a significant number of new users to crypto. Revolut, the crypto-friendly fintech giant, said Thursday it secured a […]