August 2024 - Page 39 of 238 -

Morning Flash Report For Monday, Aug 26

Aug 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the Futures Markets.Video Length: 00:03:12More By This Author:Metal Markets Report For Thursday, Aug 22 Financial Markets Report For Thursday, Aug 22SPDR ETF Report For Wednesday, Aug 21

EUR/USD Analysis: Euro Gains Face A Crucial Test

Aug 26, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay At the end of last week, Federal Reserve Chairman Jerome Powell said it was time to cut the US benchmark interest rate, confirming expectations that officials would begin cutting borrowing costs next month and outlining his intention to prevent further slowing in the Labor market. As a result, the EUR/USD currency pair rose […]

Elliott Wave Technical Analysis: S&P 500 – Monday, Aug. 26

Aug 26, 2024 Jeremy Parkinson Finance 0

S&P 500 Elliott Wave Analysis Trading Lounge Day ChartS&P 500 Elliott Wave Technical AnalysisFUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Navy Blue Wave 1 POSITION: Gray Wave 5 DIRECTION NEXT LOWER DEGREES: Navy Blue Wave 2 DETAILS: Gray Wave 4 appears to be complete, with Navy Blue Wave 1 of 5 now in progress. Wave Cancel Invalid Level: 5,090.68The S&P 500 is currently exhibiting a bullish trend, as […]

Bitcoin inflows surge to $543 million after Powell’s dovish comments

Aug 26, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Digital asset investment products saw $533m inflows, the largest in five weeks. New Ethereum ETFs have seen $3.1bn of inflows, partially offset by $2.5bn Grayscale Trust outflows. Share this article Crypto products saw inflows totaling $533 million last week, marking the largest inflows in five weeks. As reported by CoinShares, this surge followed […]

Powell Delivers – Indices Diverge – Mega Cap Tech Lagging

Aug 26, 2024 Jeremy Parkinson Finance 0

Fed Chair Powell did not disappoint. He was brief and clearly confirmed that rate cuts were coming without offering the cadence. I was a bit surprised that markets hadn’t already priced that in since 95% of participants expected it. With the 2-Year under 4% and short-term rates above 5% there is plenty of room into […]

Sensex Today Ends 612 Points Higher; Nifty Above 25,000

Aug 26, 2024 Jeremy Parkinson Finance 0

After opening the day higher, Indian benchmark indices maintained the momentum as the session progressed but ended the day on firm footing.Indian benchmarks – BSE Sensex and NSE Nifty – ended the week’s first trading session on a higher note.At the closing bell, the BSE Sensex stood higher by 612 points (0.8%).Meanwhile, the NSE Nifty closed higher by 187 points […]

USD/CHF Remains Below 0.8500 As Fed Assures Policy Change In September

Aug 26, 2024 Jeremy Parkinson Finance 0

Photo by Claudio Schwarz on Unsplash USD/CHF steadies below 0.8500 as the Fed looks all set to cut interest rates in September. The US Dollar fails to recover strongly despite upbeat US Durable Goods Orders data for July. Swiss Q2 Employment Level rose to 5.499 million. The USD/CHF pair hovers below the psychological resistance of 0.8500 in Monday’s […]

Why The Dollar Demand On Monday?

Aug 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The US Dollar is finding some mild demand as the new week gets going, though we’re not sure the price action is anything more than profit taking from shorter-term accounts. The Fed Chair has ushered in a new wave of dovishness after saying the time had come to adjust policy, comments that should […]

Gold Analysis: Gains May Not End Soon

Aug 26, 2024 Jeremy Parkinson Finance 0

Gold futures surged last Friday after Federal Reserve Chairman Jerome Powell hinted at upcoming interest rate cuts. The precious metal had slowed slightly after recently hitting a new all-time high. The question now is: Is $2600 per ounce the next stop for gold prices? According to gold trading companies’ platforms, gold futures rose to $2,542.30 […]

Elliott Wave Technical Analysis: Meta Platforms Inc. – Monday, Aug. 26

Aug 26, 2024 Jeremy Parkinson Finance 0

META Elliott Wave Analysis Trading Lounge Daily Chart,Meta Platforms Inc., (META) Daily Chart META Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Intermediate wave (5). DIRECTION: Upside in wave (5). DETAILS: We are looking for further upside into wave (5) which could reach Medium Level at 650$.META Elliott Wave Analysis Trading Lounge 1H Chart,Meta Platforms Inc., (META) 1H Chart META Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 2. DIRECTION: Bottom in wave 2. DETAILS: Here we can see […]