August 2024 - Page 152 of 238 -

Marathon Digital announces $250 million raise to acquire more Bitcoin

Aug 12, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways MARA plans to offer $250 million in convertible senior notes due 2031 to qualified institutional buyers. Proceeds will be used to acquire additional bitcoin and fund general corporate purposes. Marathon Digital Holdings, Inc. (MARA) has announced plans to offer $250 million in convertible senior notes, and the proceeds will be used “primarily to […]

Dollar Strengthens On Jobless Claims Drop

Aug 12, 2024 Jeremy Parkinson Finance 0

The US dollar rose on Thursday after unemployment claims dropped, easing recession fears. Initial jobless claims fell to 233,000 for the week ending August 3, suggesting the labour market is stronger than anticipated. The dollar index reached a weekly high of 105.77. Investors will now focus on the upcoming US consumer price inflation report and […]

Elliott Wave Technical Analysis: Walmart Inc. – Monday, Aug. 12

Aug 12, 2024 Jeremy Parkinson Finance 0

WMT Elliott Wave Analysis Trading Lounge Daily Chart,Walmart Inc., (WMT) Daily Chart WMT Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag POSITION: Minor 4 DIRECTION: Downside in wave 4 DETAILS: After topping at 72$, we are looking for further downside into wave 4 to at least reach Medium Level at 65$.WMT Elliott Wave Analysis Trading Lounge 4H Chart,Walmart Inc., (WMT) 4H Chart WMT Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag POSITION: Minute wave {a}. DIRECTION: Bounce in wave {b}. DETAILS: Looking […]

Things Looking Up As The New Week Gets Going

Aug 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay It’s been quite the departure from the price action we had seen one week ago at this time. A week ago, it was full on fear and panic. Today, markets are feeling better after absorbing last Monday’s selloff and have managed to keep the risk on flow going on a quiet calendar day.Video […]

Stocks: More Uncertainty Ahead Of Inflation Data

Aug 12, 2024 Jeremy Parkinson Finance 0

Will the market continue higher ahead of key inflation data this week?Stocks extended their rebound on Friday, with the S&P 500 index reaching a local high of 5,358.67 and closing 0.47% higher. The market has retraced more of its recent declines, but is this the start of a new uptrend or just a correction before […]

Patience Pays In Volatile Markets

Aug 12, 2024 Jeremy Parkinson Finance 0

Starting with a special video on Monday morning and our Daily Market Commentaries throughout the week, we continually updated readers on the excessive volatility in the markets. We wanted to stress that the volatility was primarily a function of the yen carry trade and much less other daunting issues such as the recent unemployment report, Israel vs. Iran, the […]

Czech Services Inflation Remains Stubborn, Paving The Way For Hawkish CNB

Aug 12, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Headline inflation picked up to 2.2% in July, exceeding expectations from both the market and the Czech National Bank. The price dynamic in the services sector remained elevated, which will support the Bank Board’s hawkish stance. Robust price growth in the service segment continuesCzech annual inflation increased to 2.2% in July, coming in 0.2 […]

Four Stocks To Watch This Week – Monday, August 12

Aug 12, 2024 Jeremy Parkinson Finance 0

Monday’s sharp drop was followed by the anticipated pullback/consolidation. Now, a record number of consolidations are occurring, nearly all with shrinking volumes. This suggests a lack of buying conviction and a higher likelihood of a waterfall price action – ie further volatility and downside. The markets do remain precarious, and volatility could manifest as uncomfortable whipsaw action. Here […]

Despite Recent Market Volatility, Most Markets Are Still Up In 2024

Aug 12, 2024 Jeremy Parkinson Finance 0

It’s been a rough ride in recent weeks, but trend data still leaves room for debate on the prospects of maintaining bullish bets. Using a set of ETFs shows that most of the major asset classes in 2024 through Friday’s close (Aug. 9) are posting gains.The US stock market continues to hold the top spot for year-to-date […]

Unlocking ASX Trading Success: WiseTech Global Limited

Aug 12, 2024 Jeremy Parkinson Finance 0

ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We see WTC.ASX may be starting to push higher with a ((iii))-navy wave.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange of Wave ((1))-navy Details: Wave ((ii))-navy appears to have ended, and wave ((iii))-navy may be unfolding to push higher. Invalidation point: 83.11ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 4-Hour Chart AnalysisFunction: Major trend (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Wave ((iii))-navy Details: Wave ((ii))-navy appears to have ended as a Double Zigzag at the low at 83.11. And wave ((iii))-navy could be unfolding to push higher; while price must remain above the low at 83.11 to maintain this view. Invalidation point: 83.11Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH […]