August 2024 - Page 151 of 238 -

Japanese Yen Continues To Ease Back On Calm Monday

Aug 12, 2024 Jeremy Parkinson Finance 0

The Japanese Yen (JPY) continued to ease on Monday, falling to a one-week low against the US Dollar (USD) as markets ease off of the JPY gas pedal. The Bank of Japan’s (BoJ) recent hawkish pivot into its highest interest rate in years near 0.25% saw a large-scale unwinding of the Yen carry trade. Coupled with a […]

GBP/USD Analysis: Traders Brace For Significant Events The Pound Sterling (GBP) Under Pressure Amidst Data Slumps Technical forecasts for the GBP/USD pair today:

Aug 12, 2024 Jeremy Parkinson Finance 0

As of this writing, the GBP/USD currency pair was trading at $1.2756. Last Friday, it attempted to rebound upwards, but its gains did not exceed the resistance level of 1.2773. It had recovered previously from significant losses during the same week, reaching a low of 1.2662, its lowest level in over a month. Furthermore, the […]

Scorpio Gold, Near-Term Production, Low-Risk, In Nevada

Aug 12, 2024 Jeremy Parkinson Finance 0

In opening articles, I focus on the main commodities associated with a company –> copper, uranium, gold, silver, lithium, etc. The Company in this case is a gold (“Au“) junior. There’s essentially only one topic most want to hear about on Au, the price!Au is +50% from a 2-yr. low in September 2022 to US$2,412/oz., within 3% of an all-time high! […]

Key Events This Busy Week: CPI, PPI, Retail Sales

Aug 12, 2024 Jeremy Parkinson Finance 0

It is a macro-heavy week, and the market’s key focus will be on US inflation data, with the July CPI print on Wednesday preceded by the PPI data on Tuesday, followed by Retail Sales on Thursday.The median economist forecast is for both headline and core CPI to rise +0.20% on the month, which would leave […]

Elliott Wave Technical Analysis: Silver – Monday, Aug. 12

Aug 12, 2024 Jeremy Parkinson Finance 0

Silver Elliott Wave AnalysisFunction -Counter-TrendMode – CorrectiveStructure – Double zigzag for wave B (circled)Position – Wave C of (Y)Direction – Wave C of (Y) is still in playThe corrective pullback from May 2024 is still in progress, but it seems to be entering its final phase. Buyers may soon step in to drive Silver prices higher, potentially […]

Euler allocates $4M for security, conducts 29 code audits to safeguard v2

Aug 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Euler invested $4 million in security, far exceeding industry standards. The v2 code underwent 29 audits by 12 different security firms. Euler, a decentralized lending protocol, today announced the completion of an unparalleled security process for its v2 platform. Euler DAO invested roughly $4 million in security measures, including the hiring of top […]

USD/JPY Analysis: Will We See Resistance At 150.00 Again?

Aug 12, 2024 Jeremy Parkinson Finance 0

The USD/JPY currency pair has stabilized modestly in recent days as some traders continued to buy the dip. According to reliable trading platforms, the dollar/yen reached its lowest level at 141.77 last Monday and pared some losses, moving to a high of 147. However, the pair remains well below its last month’s high of 161.87. […]

Subdued Market Compared To A Week Ago: Is The Dramatic Position Unwinding Over?

Aug 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Overview: The capital markets have begun the week in subdued fashion. Japanese markets were closed for the Mountain Day celebration, and this week’s key events, which include US and UK CPI, and the Reserve Bank of New Zealand meeting and potentially its first rate cut. The uncertainty about the market positioning and the extent […]

Silver Eyes Recovery As Gold Erases August Losses

Aug 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Metals prices were all trading higher on Monday, with copper and silver all looking to catch up with gold after underperforming in recent weeks. The yellow precious metal has recovered from a weaker start this month and is now looking to push higher for a sixth consecutive month. Silver, on the other hand, […]

Fed Should Just Say No To Fed Put

Aug 12, 2024 Jeremy Parkinson Finance 0

The S&P 500 had not even dropped 10 percent from its record high from last month that there were calls for a 75-basis-point cut in an emergency Fed meeting. Three decades of the so-called Fed put have distorted the markets and spoiled the market participants. It is the Fed’s job not to acquiesce to these […]