July 2024 - Page 91 of 267 -

FX Daily: Barely A Ripple From Biden’s Withdrawal

Jul 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash President Biden’s announcement that he will not be standing in November’s election has caused barely a ripple in financial markets. At the margin, US yields and the dollar opened fractionally weaker in Asia, but it looks as though investors had been expecting it. This week’s focus is on ‘goldilocks’ US data, plus rate meetings […]

EUR/USD Forex Signal: Cup And Handle Points To A Rebound

Jul 22, 2024 Jeremy Parkinson Finance 0

Bearish view Sell a sell-stop at 1.0870 and a take-profit at 1.0800. Add a stop-loss at 1.0925. Timeline: 1-2 days. Bullish view Buy the EUR/USD pair and set a take-profit at 1.0910. Add a stop-loss at 1.0850. The EUR/USD exchange rate pulled back, ending a strong rally that started earlier this month when it settled at 1.0667. […]

Mt. Gox reactivates Bitcoin wallet, makes small transfer to Bitstamp

Jul 22, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Mt. Gox sent 0.021 Bitcoin to Bitstamp early today, following Kraken’s Bitcoin and Bitcoin Cash distribution last week. Bitstamp is identified as one of the exchanges handling Mt. Gox’s creditor repayments. Mt. Gox, the once-prominent crypto exchange, initiated a minor Bitcoin transaction on Monday. According to data from Arkham Intelligence, a wallet associated […]

Dogecoin Crypto Price News Today

Jul 22, 2024 Jeremy Parkinson Finance 0

Image by KNFind from Pixabay Elliott Wave Analysis TradingLounge Daily Chart,Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level:Details: Wave ((4) may is complete and the Price entry to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:The second wave of Zigzag consolidation appears to be complete. And the price increased […]

Elliott Wave Analysis: Nasdaq Tech Stocks & SP500 Correction Phase Strategies

Jul 22, 2024 Jeremy Parkinson Finance, No picture 0

Nasdaq 100 (NDX) and SP500 (SPX) are currently in an intermediate or primary wave four, marking the first leg of a correction. Expect a minimum three-wave swing due to the complex nature of wave four. Consider taking partial or full profits during the B wave rally, or ride out the correction if positions are not […]

Economic Data Forecasts For The Weeks Of July 22 & 29

Jul 22, 2024 Jeremy Parkinson Finance, No picture 0

Here are my forecasts for upcoming economic data. Forecast Prior Observation Week of July 22 July 22 Chicago Fed National Activity Index – June 0.10 0.18 Richmond Fed Manufacturing Index -5.0 -10 July 23 […]

‘Asia’s MicroStrategy’ Metaplanet buys another ¥200 million worth of Bitcoin, shares jump 13%

Jul 21, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Metaplanet’s share price increased by 13% following its new Bitcoin acquisition. The company’s total Bitcoin holdings now exceed 245 BTC, valued at around $16.7 million. Metaplanet, a company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, saw its shares increase by 13% following its announcement of acquiring 20.381 Bitcoin (BTC), […]

Market Briefing For Monday July 22

Jul 21, 2024 Jeremy Parkinson Finance 0

Concentrated neurosis dominates the market and news flow this week, as well as into the weekend. We’re seeing some cracks in mega-cap liquidity as a short-squeeze took hedge funds into a blow-off (or idiotic chasing higher for the big-caps); while the sensitive small-caps rebounded and settled-back now.I think the rotation towards value evolves; but we […]

Current Analysis: Advanced Info Service, AVIFY

Jul 21, 2024 Jeremy Parkinson Finance, No picture 0

Advanced Info Service Public Company Limited (AVIFY) is a triple-play telecommunications provider. The company generates revenues from the provision of mobile phone services, mobile handset sales, and broadband services.Its broadband service includes various fibre technologies for households, leveraging the company’s owned fibre infrastructure.In addition to the fibre networks, it also has mobile infrastructure. Its reportable […]

Three Top Reasons Mortgage Delinquencies Are Rising

Jul 21, 2024 Jeremy Parkinson Finance 0

Mortgage delinquencies are not at a seriously problematic level, but they are rising for ominous reasons.Mortgage Delinquency Data from Hud, chart by MishThe two top reasons for rising delinquencies are reduction of income and excessive obligations.A National Emergency (Covid) was third at 13.7 percent, down from 83.8 percent in 2024 Q4.I created the chart from […]