July 2024 - Page 9 of 267 -

The Commodities Feed: Tensions Build In The Middle East

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Crude oil traded higher this morning on rising geopolitical conflicts in the Middle East. A constructive API report also further helped to lift sentiment in the oil market. Energy – Oil risk premium risesOil prices rebounded sharply in the early trading session today with the ICE Brent front-month contract trading above US$80/bbl as tensions in the […]

EUR/USD Forex Signal: Symmetrical Triangle Forms Ahead Of FOMC

Jul 31, 2024 Jeremy Parkinson Finance 0

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0710. Add a stop-loss at 1.0900. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0820 and a take-profit at 1.0900. Add a stop-loss at 1.0750. The EUR/USD exchange rate continued falling this week as traders reacted to Tuesday’s vital data from the US and Europe. […]

USD/CHF Weakens Below 0.8850, Fed Rate Decision Looms

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CHF pair edges lower to near 0.8820 amid the decline of US Dollar (USD) during the early European session on Wednesday. The safe-haven flows and Federal Reserve (Fed) rate cuts expectation in September are like to drag the pair lower. Investors await Fed interest rate decision on Wednesday for fresh catalysts. The Fed’s benchmark […]

FX Daily: BoJ Hike Doesn’t Rock The Market

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Bank of Japan hiked rates by 15bp and cut bond purchases, but the yen looks unfazed. We are awaiting FX intervention data later today. Even if USD/JPY remains supported by speculative longs, the picture is turning structurally more favorable for JPY. Expect dovish hints by the FOMC today, and potentially a eurozone CPI […]

XAGUSD Commodity Elliott Wave Technical Analysis – Wednesday, July 31

Jul 31, 2024 Jeremy Parkinson Finance 0

Silver Elliott Wave AnalysisThe current dynamics in the silver market present an intriguing opportunity. Silver is completing the recovery from the pullback that began in late May 2024. This recovery is expected to spark a series of rallies, continuing the year-long bullish impulse cycle. Both long-term and medium-term Elliott Wave forecasts indicate further upward movement for this […]

WTI Rises Toward $76.00 As Middle East Tensions Heighten The Oil Supply Concerns

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

West Texas Intermediate (WTI) crude Oil price trades around $75.70 per barrel by the press time. WTI rebounded from an eight-week low of $74.24 recorded on Tuesday, attributed to rising geopolitical tensions in the Middle East that pose risks to Oil supply.The Israeli government claims it killed Hezbollah’s most senior commander in an airstrike on […]

Economic Calendar Heats Up In A Big Way

Jul 31, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The economic calendar is going to heat up in a big way from now into the end of the week. We’ve got the BOJ and Fed decisions today along with other first tier economic data and month end flow. This will then be followed up by the Bank of England on Thursday and […]

Gold Forecast: Continues To Look Strong As We Wait For The Fed

Jul 31, 2024 Jeremy Parkinson Finance 0

I continue to focus on the $2,400 level as it was a major area of noise in the past. The market breaking above the $2,400 level could send this market much higher, perhaps reaching the $2,425 level. If we can break above there, then I think the market could really start to take off to […]

Bitcoin Price Fell Close To The $65000 Level Yesterday

Jul 31, 2024 Jeremy Parkinson Finance 0

Bitcoin chart analysisOn Monday, the price of Bitcoin rose to the $70016 level. After a month and a half, we visited this level again. The price quickly lost momentum up there, and we had to initiate a retreat. Shortly after that, we saw a drop to $66300. After a short consolidation up to $67,500, the price encountered […]

Sensex Today Trades Higher; Nifty Above 24,900

Jul 31, 2024 Jeremy Parkinson Finance, No picture 0

Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether Microsoft and chipmaker AMD suggested a divide in the AI landscape while the yen was firm ahead of the Bank of Japan’s policy decision.The S&P 500 fell Tuesday, dragged lower by declines in megacap tech stocks, as investors braced for quarterly […]