August 2024 - Page 58 of 238 -

GBP/USD Price Analysis: Refreshes YTD Highs Amid Upbeat PMIs

Aug 23, 2024 Jeremy Parkinson Finance 0

The GBP/USD price analysis shows a solid bullish trend as the pound rallies to new highs after positive UK business activity data. At the same time, the dollar was frail as investors gained confidence in a September Fed cut ahead of Powell’s speech.On Thursday, the S&P 500 released UK flash composite PMI which revealed an […]

Consumer Stress Levels Spiked In July Despite Rosy Economic Forecasts

Aug 23, 2024 Jeremy Parkinson Finance 0

By Mike Maharrey, Money Metals ExchangeFor a brief moment after the July jobs data came out worse than expected, everybody suddenly worried that the U.S. economy was heading toward a recession. That lasted about two days. Now, the soft landing narrative is back in play, according to mainstream pundits and government officials. Normal, everyday people apparently […]

My Jackson Hole Plan

Aug 23, 2024 Jeremy Parkinson Finance 0

S&P 500 sucked in fresh ATH buyers, and then the rug pull came taking ES not just to my 5,615 support, but all the way to 5,585 one. Intraday clients profited on both sides yesterday, and in futures and options alike – I didn‘t trust the 5,638 intraday level to hold. How best to secure fresh liquidity today? SPY […]

USD/CAD Technical Forecast: At Make Or A Break Below 1.3600 Ahead Of Fed Powell’s Speech

Aug 23, 2024 Jeremy Parkinson Finance 0

The USD/CAD pair falls back below 1.3600 after a short-lived pullback move to near 1.3616 in Friday’s European session. The Loonie asset weakens as the US Dollar (USD) struggles to hold Thursday’s recovery move, driven by better-than-estimated preliminary United States (US) S&P Global PMI for August.The US Dollar Index (DXY), which tracks the Greenback’s value against six major […]

What Can Powell Say That The Markets Do Not Already Know?

Aug 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Overview: The US is consolidating with a softer profile against most G10 and emerging market currencies today, ahead of Fed Chair Powell’s speech at Jackson Hole (10 AM ET). He is unlikely to go much beyond confirming what the market already thinks it knows: namely, that the first rate cut will be delivered next […]

US500 Daily Trade Plan – Friday, August 23

Aug 23, 2024 Jeremy Parkinson Finance, No picture 0

In this update we review the recent price action in the emini SP500 futures contract and develop a trading plan for the session ahead.Video Length: 00:07:13 More By This Author:Daily Market Outlook – Friday, Aug. 23FTSE Flatlining Again, JD Sports Shines In A Slow Summer TapeDaily Market Outlook – Thursday, Aug. 22

Bitcoin Manages To Maintain A Bullish Consolidation

Aug 23, 2024 Jeremy Parkinson Finance 0

Bitcoin chart analysisThe price of Bitcoin is again in a bullish surge since it received support at the $60,000 level yesterday. The EMA 50 moving average provides additional support in that zone. We are now at $61200 and on our way to this week’s high. The momentum should continue through the weekend, which would move us to […]

Unlocking ASX Trading Success: National Australia Bank Limited – Friday, Aug. 23

Aug 23, 2024 Jeremy Parkinson Finance 0

ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED – NAB. We see NAB.ASX looking to push higher with wave (iii)-orange.ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Wave Technical AnalysisASX: NATIONAL AUSTRALIA BANK LIMITED – […]

Kraken operator loses case in Australia over margin trading product

Aug 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bit Trade failed to comply with design and distribution obligations for its margin trading product. ASIC plans to seek financial penalties against Kraken’s Australian operator. Share this article The Australian operator of Kraken exchange, Bit Trade Pty, has lost a case in Australia’s Federal Court over its margin trading product. As Reuters reported, […]

Is Gold’s Run Coming To An End In September?

Aug 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The seasonal chart for gold, covering a 15-year period from August 2009 to August 2024, highlights a notable pattern of weakness in gold from early September to early October. This period historically correlates with a downturn, with a marked annualized return of -30.42% during this window. September often marks the start of a […]