August 2024 - Page 126 of 238 -

GBP/USD Forex Signal: Bullish Ahead Of US Retail Sales Data

Aug 15, 2024 Jeremy Parkinson Finance 0

Bullish view Buy the GBP/USD pair and set a take-profit at 1.2875. Add a stop-loss at 1.2750. Timeline: 1-2 days. Bearish view Sell the GBP/USD pair and set a take-profit at 1.2750. Add a stop-loss at 1.2875. The GBP/USD exchange rate wavered after the mixed inflation numbers from the UK and the United States. It initially rose […]

DAX Found A Textbook Support

Aug 15, 2024 Jeremy Parkinson Finance 0

DAX made a nice higher degree wave (IV) correction, which looks like a completed complex W-X-Y pullback with perfect textbook support at the former wave I swing high, 38,2% Fibo. retracement. We can also see an equal wavelength of waves (II) = (IV), exactly at the psychological 17k area, from where we may see a […]

Binance resumes operations in India, confirms regulatory compliance

Aug 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Binance has officially registered as a reporting entity with India’s financial regulators. The exchange has resumed services in the market in compliance with local regulations. Binance has officially resumed services in India after registering as a reporting entity with India’s Financial Intelligence Unit (FIU-IND), said the company in a Thursday blog announcement. The […]

FX Daily: Pieces Falling Into Place For A September Fed Rate Cut

Aug 15, 2024 Jeremy Parkinson Finance, No picture 0

Now that US inflation is back on target, the main question is whether the Fed starts its easing cycle with a 25bp or 50bp rate cut. Today’s US data will not have a major say in that, but any downside surprise in July retail sales or upside surprise in weekly initial claims can soften the dollar. […]

BRICS, Inflation, Turmoil, And CDBC – What To Do?

Aug 15, 2024 Jeremy Parkinson Finance, No picture 0

Our column last week prompted so many questions from new readers that we decided to start from scratch. Long-time readers will recognize much of what we’re about to say, but we ask that you take the time regardless since we’re adding in valuable context that has been provided over time. Just looking at the world […]

US Inflation Dips To 2.9%, Lowest Level In Over Three Years

Aug 15, 2024 Jeremy Parkinson Finance, No picture 0

The US consumer price index (CPI) climbed 2.9% year-on-year in July, down a notch from 3.0% in June which was also the market estimate. This marked the lowest inflation rate in the US since March 2021, when inflation started its upswing which saw it move as high as 9.1% in June 2022. Notably, headline CPI […]

Analytical Overview Of The Main Currency Pairs On – Thursday, August

Aug 15, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0984 Prev Close: 1.1012 % chg. over the last day: +0.25 % On Wednesday, the Dollar Index fell to 102.2, back to levels not seen since mid-January, as the US CPI report came in broadly in line with expectations and continued to point to mild disinflation. The US […]

Cardano Crypto Price News Today Elliott Wave Technical Analysis – Thursday, August 15

Aug 15, 2024 Jeremy Parkinson Finance 0

Elliott Wave Analysis TradingLounge Daily Chart,Cardano/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave YDirection Next higher Degrees: wave (II)Wave Cancel invalid level:Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Cardano/ U.S. dollar(ADAUSD)Trading Strategy:Cadarno’s outlook looks like the Wave 1 rally is likely to […]

What are Schnorr signatures?

Aug 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Schnorr signatures enable efficient, private transactions through signature aggregation. ICP’s Schnorr integration allows direct Bitcoin interaction, boosting its cross-chain potential. Schnorr signatures represent a cutting-edge digital signature scheme that offers significant improvements in efficiency, privacy, and security compared to traditional signature algorithms. Developed by renowned cryptographer Claus Schnorr in 1989 with methods published […]

Market Briefing For Thursday, August 15, 2024

Aug 15, 2024 Jeremy Parkinson Finance 0

Panic a couple weeks ago – was (as market action validated my opinion by action) was nothing more than a response to Japan’s rate hike, on the ‘Carry Trade’ implosion, combining for sure with an anticipated ‘algo-driven’ selling squall as S&P 5400 broke down. A little complex, but that’s how it unfolded. I mention this because while I want the Fed to […]