August 2024 - Page 124 of 238 -

BlackRock overtakes Grayscale as largest crypto fund manager

Aug 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways BlackRock’s IBIT ETF has grown to $21 billion AUM since January launch. Grayscale’s ETHE fund has experienced $2.3 billion in outflows since US Ethereum ETFs began trading. Share this article BlackRock has taken over Grayscale as the largest digital asset fund manager in assets under management (AUM). As highlighted by James Butterfill, head […]

USD/CAD Jumps To Near 1.3740 After Strong US Retail Sales And Lower Jobless Claims

Aug 15, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CAD pair delivers a vertical upside move to near 1.3740 in Thursday’s New York session as the US Dollar (USD) recovers strongly. The US Dollar bounces back after the release of the stronger-than-expected United States (US) Retail Sales data for July and lower Initial Jobless Claims for the week ending August 9.The US Dollar Index (DXY), which […]

US Jobs Data: Unemployment Claims Fall, Ease Recession Fears

Aug 15, 2024 Jeremy Parkinson Finance, No picture 0

In a development that has brought some relief to concerns about the US economy, fewer Americans applied for state unemployment aid in recent weeks than economists had anticipated.This trend has helped to ease fears that the US labour market is slowing down faster than expected, which could potentially push the economy into a recession. Unemployment claims […]

Chart Of The Day: Welltower – Senior Housing Market Is Growing

Aug 15, 2024 Jeremy Parkinson Finance 0

The Chart of the Day belongs to the senior housing REIT Welltower (WELL) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price […]

U.S. Data Resilience Sees Market Favour A 25bp September Cut

Aug 15, 2024 Jeremy Parkinson Finance 0

Stronger retail sales and jobless claims numbers have provided evidence to suggest a 25bp cut at the September FOMC looks more likely than a 50bp cut right now. Nonetheless, with Fed officials emphasising a growing focus on the labour market, the 6 September jobs report is what will determine what happens. Consumer resilience continuesThe initial wave of […]

Tenuous Base Building

Aug 15, 2024 Jeremy Parkinson Finance 0

S&P 500 had no fear going into CPI, and overpowered the sell the (good) news retail reaction. Coming in perfectly in line with expectations, CPI didn‘t move rate cutting odds much. Even if 0.1% figures would have taken S&P 500 above low 5,480s, my reading of both the figure and its aftermath was OK. VIX also continued […]

GBP/USD Analysis: Important Influential Data Awaits Technical forecasts for the GBP/USD pair today:

Aug 15, 2024 Jeremy Parkinson Finance 0

The Pound Sterling dipped to $1.28 in early trading on Wednesday, pulling back from a three-week high earlier in the month after UK inflation figures raised bets on interest rate cuts by the Bank of England. Annual inflation rose as expected but less than forecast at 2.2%. Services inflation also declined to 5.2%, its lowest […]

Stocks Continue To Rise Amid Strong Data

Aug 15, 2024 Jeremy Parkinson Finance 0

The GDXJ declined a bit, and it did so after reversing at its triangle-vertex-based turning point. As a reminder, when support and resistance lines cross, it indicates a good possibility of seeing a reversal. This technique doesn’t point to specific prices, but it points to specific times.Since the GDXJ turned south at the reversal, the odds are that this […]

Silver Flashed The Signal Again!

Aug 15, 2024 Jeremy Parkinson Finance 0

PR, WHEN will this correction end and when will the decline pick up pace?The above is probably something that you might be thinking. And while I can’t tell with certainty (nobody can), there are a few signs suggesting that the top is in or at hand, depending on what part of the precious metals sector […]

Walmart Reports Better Than Expected Q2: $0.67 EPS, $169.3 B In Revenue

Aug 15, 2024 Jeremy Parkinson Finance, No picture 0

Walmart Inc. (WMT) reported robust second-quarter results, with a consolidated revenue of $169.3 billion.Walmart Inc. reported robust second-quarter results, showcasing significant growth across various segments. The retail giant achieved a consolidated revenue of $169.3 billion, marking a 4.8% increase from the previous year. This growth was bolstered by a 21% surge in global eCommerce sales and a […]