August 2024 - Page 67 of 238 -

USD/JPY Declines Amid Speculation On US Rate Cuts And Anticipation Of Fed Chairman’s Speech

Aug 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The USD/JPY pair has weakened to 145.72, marking a two-week low as the yen strengthens against a backdrop of a weakening US dollar.This decline is primarily driven by market expectations surrounding the US Federal Reserve’s actions. The minutes from the Fed’s last meeting, released recently, revealed a consensus among monetary policymakers for an […]

Price Of Raw Sugar Falls To Lowest Level In Two Years

Aug 22, 2024 Jeremy Parkinson Finance, No picture 0

The price of raw sugar has declined to its lowest level in two years due to a global supply glut stemming from overproduction in Brazil.%RawSugar has fallen below $0.18 U.S. per pound in New York trading, its lowest level since October 2022. The price is now down 7% in the month of August.The downturn is due […]

Gold Analysis: Gains May Continue

Aug 22, 2024 Jeremy Parkinson Finance 0

Gold prices reached $2,520 per ounce on Wednesday, setting a new all-time closing high as more dovish expectations from major central banks lowered bond yields and favored demand for non-interest-bearing bullion assets. The US nonfarm payrolls were revised down by about 820,000 for the year ending in March 2024 after estimates from QCEW. As a […]

Tanssi expands appchain deployment services to Ethereum via Symbiosis

Aug 22, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Tanssi enables rapid deployment of decentralized networks on Ethereum in minutes. The partnership with Symbiotic allows access to billions in shared security from staked ETH. Share this article Tanssi Foundation has expanded its blockchain infrastructure protocol to Ethereum, enabling rapid deployment of decentralized networks known as Actively Validated Services (AVS) in minutes. According […]

Two Rounds Of Key Economic Reports To Go Ahead Of US Election

Aug 22, 2024 Jeremy Parkinson Finance 0

The economy isn’t always decisive in US presidential elections, except when it is. Think Herbert Hoover in 1932 and George H.W. Bush in 1992. Each lost the presidency to a challenger primarily because of the economy. Current conditions are far less extreme, of course. In fact, by a number of metrics, the economy looks relatively […]

Elliott Wave Technical Analysis: Advanced Micro Devices Inc. – Thursday, Aug. 22

Aug 22, 2024 Jeremy Parkinson Finance 0

AMD Elliott Wave Analysis Trading Lounge Daily Chart,Advanced Micro Devices Inc., (AMD) Daily Chart AMD Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (v). DIRECTION: Upside in wave (v). DETAILS: We are looking at a three wave move into what appears to be minuette wave (iv), especially as we keep finding support on top of 150$.AMD Elliott Wave Analysis Trading Lounge 1H Chart,Advanced Micro Devices Inc., (AMD) 1H Chart AMD Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Micro wave 4 […]

Thoughts For Thursday: Waltzing With Walz

Aug 22, 2024 Jeremy Parkinson Finance 0

On Wednesday night Tim Walz officially accepted his party’s nomination as the 2024 Democratic nominee for Vice President. It remains to be seen if the market will find favor with Walz’s brand of midwestern common sense, Kamala Harris and the Democratic platform. depositphotos So far so good. Yesterday the S&P 500 closed at 5,621, up 24 points, the […]

S&P 500 Forecast: Stretched Ahead Of Meeting Minutes

Aug 22, 2024 Jeremy Parkinson Finance 0

So, a pullback probably isn’t the worst thing to happen. The 50-day EMA is near the 5,450 level and turning higher, so that might be an area where buyers will jump in. On the other hand, if we turn around and break above the 5,700 level, then it’s likely that we will continue to go […]

Jackson Hole Takes Center Stage

Aug 22, 2024 Jeremy Parkinson Finance 0

The Fed’s annual symposium in Jackson Hole, Wyoming, kicking off yesterday, will keep traders on edge over the next few days. The Fed often uses the Jackson Hole meeting to elaborate on its expected policy path for the months ahead. Furthermore, they expound on their economic views and the economic data points most likely to […]

Robusta Hits An All-Time High Of $4877.41

Aug 22, 2024 Jeremy Parkinson Finance 0

Robusta hits record high of $4877.41 due to weather Weather concerns drive up coffee prices globally Vietnam’s coffee output to decline by 20% this year Global coffee production to increase by 4.2% in 2024/25 Robusta has reached an all-time high of $4877.41!!!Coffee prices have surged to unprecedented heights, with Robusta reaching a record-breaking $4877.41.Meanwhile, Arabica prices have plateaued, despite […]