July 2024 - Page 89 of 267 -

NZD/USD Faces Downward Pressure Amid US Political Developments And RBNZ Rate Speculations

Jul 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The NZD/USD pair is experiencing a significant downturn, trading around 0.5996. Several factors influence this decline, including global political developments and domestic monetary policy expectations.The recent announcement by US President Joe Biden that he will not seek re-election in 2024 has unexpectedly bolstered the US dollar. Biden’s endorsement of Vice President Kamala Harris […]

Thai Stock: Asian Sea Corporation

Jul 22, 2024 Jeremy Parkinson Finance 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Asian Sea Corporation Public Company LimitedBloomberg ticker: ASIAN TBMarket cap: US$222mBackground: Asian Sea Corporation Public Company Limited is a smaller player in the Thai seafood market, with five domestic production facilities that produce pet foods, frozen, canned, […]

US Recession In Motion?

Jul 22, 2024 Jeremy Parkinson Finance 0

The US Conference Board of Leading Economic Indicators (LEI Index) declined for a record 30th month in June (purple line below since 1959, courtesy of Advisor Perspectives) and is now -14.2% from the cycle peak in December 2021. As shown, since 1959, an LEI contraction of this magnitude has never happened outside of an officially declared […]

Welcome To October 1929: The Implosion Of The Greatest Bubble Of All Time

Jul 22, 2024 Jeremy Parkinson Finance 0

For the first time in what seems like forever, the market corrected over the last 7 trading sessions. The leading Nasdaq-100 (QQQ) – dominated by The Magnificent 7 – lost 5.5% over that time period. At first it looked like a bullsh rotation and broadening of the rally into the smaller stocks in the […]

The Price Of Bitcoin Rose To A New High This Morning

Jul 22, 2024 Jeremy Parkinson Finance 0

Bitcoin chart analysisOver the weekend, Bitcoin’s price climbed above the $68,000 level. With the support of the EMA 50 moving average, the bullish trend was strengthened, and a new high was formed this morning at the $68486 level. After the formation of this high, the price stopped there and initiated a pullback down to the EMA 50 […]

WazirX hacker moves $57M in ETH, exchange increases bounty to $23M

Jul 22, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways $57 million in Ethereum was moved to new wallets by the WazirX hacker. WazirX has doubled its recovery bounty to $23 million following community feedback. The hacker behind the $230 million WazirX exploit has transferred $57 million worth of stolen funds to two new cryptocurrency addresses, prompting the exchange to double its white […]

GBP/JPY Forecast: Pound Looking To Turn Things Around Against The Yen

Jul 22, 2024 Jeremy Parkinson Finance 0

The 203 Yen level of course is an area that is a large round psychologically significant figure, and the fact that we have turned around to show signs of life and then break above the top of it suggests that we are more likely than not going to go looking to the 205 yen level […]

Why Getting A Good Job Feels Impossible Right Now

Jul 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay To way too many Americans and other workers, this is already a recession of opportunity. Without the major statistics yet to show it, mainstream commentary has mocked their plight as a “vibe-cession.” Now the data is beginning to more clearly align with the recession “vibe”, suddenly even authorities are starting to worry so […]

Binance Completes 28th Quarterly BNB Token Burn, Billions Of Coins Incinerated

Jul 22, 2024 Jeremy Parkinson Finance 0

The crypto market eyes new ATHs following Bitcoin’s recent uptick towards $68.5K. Amidst the optimism, exchange Binance unveiled vital updates about altcoin BNB. BNB’s massive token burnsThe Binance Foundation confirmed that the BNB Chain finalized its 28th quarterly asset burn, which saw the platform destroying tokens worth $971 million (1,643,698.8 BNB coins).BNB Chain network uses the […]

Stocks See Mixed Reactions Amid Geopolitical Tensions And Earnings Surprises

Jul 22, 2024 Jeremy Parkinson Finance 0

Futures moved after a broad decline in stocks during Thursday’s trading hours. The Dow dropped over 500 points, ending a six-day winning streak, while the S&P 500 and Nasdaq Composite fell by 0.78% and 0.70% respectively. Tech stocks continued their decline, following its worst session since 2022 the previous day. Chip stocks dropped significantly due […]