August 2024 - Page 189 of 238 -

Gold And Silver: Gold Faces A New Challenge At $2400

Aug 07, 2024 Jeremy Parkinson Finance 0

Gold chart analysisDuring this morning’s Asian trading session, the price of gold received support at the $2390 level. After that, we looked at the initiation of a bullish consolidation above $2400. A daily high was formed at $2405, and we are testing the EMA 50 moving average here. If we get support, we can expect to start […]

Charted: Growth In U.S. Real Wages, By Income Group (1979-2023)

Aug 07, 2024 Jeremy Parkinson Finance 0

The Growth in U.S. Real Wages, by Income GroupSince 1979, the top income earners in America have seen their real wages grow at more than double the rate of every other income group. Given this rapid rise, income inequality in the U.S. exceeds nearly every other rich nation, driven by several complex factors. Among these, tax […]

DAX Forecast: Continues To Look Miserable

Aug 07, 2024 Jeremy Parkinson Finance 0

It looks like we are going to continue to see a lot of negative pressure. We are sitting below the 200-Day EMA, and it looks very likely that we will continue to see a lot of negativity going forward. depositphotos After all, it appears that Germany is going into a recession, and of course the […]

Sensex Today Rallies 875 Points; Nifty Above 24,250

Aug 07, 2024 Jeremy Parkinson Finance 0

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended on a firm footing.Equity benchmark indices, the BSE Sensex and NSE Nifty50 ended with gains of over 1% each on Wednesday.At the closing bell, the BSE Sensex stood higher by 875 points (up 1.1%).Meanwhile, the NSE Nifty closed higher […]

EUR/USD Analysis: Short-Lived Gains

Aug 07, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pair has maintained stability around and above the 1.09 level, following its climb to a seven-month high of 1.1008 dollars. Concurrently, traders continue to assess monetary and economic forecasts. Weak US economic data has raised concerns about a significant slowdown or potential recession in the world’s largest economy, increasing bets that the […]

Elliott Wave Technical Analysis: AbbVie Inc.

Aug 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ABBV Elliott Wave Analysis Trading Lounge Daily Chart,AbbVie Inc., (ABBV) Daily Chart ABBV Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 3. DIRECTION: Upside into wave 3. DETAILS: We are looking for Minor wave 3 to slowly and steadily unfolding to the upside, as we are witnessing continuation higher.ABBV Elliott Wave Analysis Trading Lounge 4H Chart,AbbVie Inc., (ABBV) 4H Chart ABBV Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iii} of […]

Lumen Technologies Stock Is Soaring, A Crash Could Be Coming

Aug 07, 2024 Jeremy Parkinson Finance, No picture 0

Lumen Technologies (LUMN) stock price has gone vertical in the past few days as the company emerged as a top player in the artificial intelligence (AI) industry. The stock has soared in the past two straight days, reaching a high of $6.78, its highest point since November 2022. It has jumped by more than 742% from […]

Stocks Rebounded: What’s Next?

Aug 07, 2024 Jeremy Parkinson Finance 0

Bulls are trying to regain control, but has the market fallen too far?Tuesday’s trading session was mixed; stock prices bounced, but they closed well below the daily highs. The S&P 500 reached a local high of 5,312.34 but closed more than 70 points below that level, gaining ‘just’ 1.04%. Overnight, calming words from the Bank […]

Brent Oil Price Analysis: Anticipating A Correction

Aug 07, 2024 Jeremy Parkinson Finance 0

Brent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion phase. Current market dynamicsInvestor concerns about energy supply disruptions are heightening due to political developments in Hamas and ongoing unrest affecting […]

Should The Fed Placate The Markets?

Aug 07, 2024 Jeremy Parkinson Finance, No picture 0

Let’s start with the no. Today’s Bloomberg has a piece by Mohamed El-Erian with the following title and subtitle: The Fed Should Resist Placating Markets The central bank needs to avoid being rushed into another policy mistake by making an emergency interest-rate cut. The Financial Times has a similar piece by Barry Eichengreen: The Federal Reserve will not […]