September 2024 - Page 28 of 200 -

Stocks Resume Uptrend As SPX Nabs Another All-Time High

Sep 26, 2024 Jeremy Parkinson Finance 0

Wall Street sports solid midday gains Thursday, as investors continue to parse economic data that dropped before the opening bell. The Dow Jones Industrial Average’s (DJI) is up triple digits, while the S&P 500 Index (SPX) marked its second all-time high of the week.The Nasdaq Composite (IXIC) is jumping to its highest level since mid-July, as tech stocks […]

SEC chair Gensler reaffirms Bitcoin is not a security

Sep 26, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways SEC Chair Gary Gensler reaffirmed Bitcoin’s status as not a security. Gensler emphasized the need for strict regulations and trust for broader crypto acceptance. Share this article In a CNBC appearance today, SEC Chair Gary Gensler reaffirmed that Bitcoin is not classified as a security under SEC guidelines. Gensler pointed to the fact […]

To Those Hard Of Learning, Here’s A Repeat Lesson On Why Sanctions Fail

Sep 26, 2024 Jeremy Parkinson Finance 0

Political Will You have no idea how trade works, do you? There are people out there who will buy your stuff when they know they can sell it on with a profit. That’s just how it is. Was. And always will be. — Koskovics Zoltán (@KoskovicsZ) September 15, 2024 Brooks: “When someone tells you that […]

Fed’s Surprising Rate Cut And Its Implications For Gold & Silver: Key Insights From The Money Metals Midweek Memo Easy Money and Stock Market Reactions What’s Next for the U.S. Economy?

Sep 26, 2024 Jeremy Parkinson Finance 0

In a recent episode of the Money Metals Midweek Memo, hosted by Mike Maharrey, key economic developments, precious metals trends, and the Federal Reserve’s latest actions were discussed. Maharrey analyzed how the Fed’s policies, particularly the unexpected rate cuts, are influencing markets, driving stock prices, and impacting gold and silver investments.Fed’s Supersized Interest Rate CutDuring the September 2024 meeting, the Federal […]

XAGUSD Commodity Elliott Wave Technical Analysis – Thursday, September 26

Sep 26, 2024 Jeremy Parkinson Finance 0

Silver Elliott Wave AnalysisSilver breached the August 26, 2024 high to continue the recovery since 6th August. It’s almost inevitable that the commodity will attempt a breach of the 20th May high leading to a fresh high for the year. It’s been a very active year as the commodity rallied from around $24 in a nearly 40% gain […]

Leveraged and short MicroStrategy ETPs debut in Europe

Sep 26, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Leverage Shares launches 3x leveraged and inverse MicroStrategy ETPs on London Stock Exchange. MicroStrategy holds 252,220 BTC, representing 1.2% of Bitcoin’s total supply. Share this article Exchange-traded product (ETP) company Leverage Shares announced the launch of a MicroStrategy ETP leveraged three times and an inverse ETP on the London Stock Exchange. One of […]

Dogecoin And Shiba Inu: Daily Targets And Prices

Sep 26, 2024 Jeremy Parkinson Finance 0

Dogecoin chart analysisToday’s bullish consolidation pushed Dogecoin’s price to 0.11494, marking a new weekly high. This morning, we saw a brief pullback to the support level at 0.10700. Additional support came from the EMA 200 moving average in that zone, after which the price initiated a bullish consolidation. Dogecoin easily broke through the weekly resistance […]

Weekly Jobless Claims: Good News And ‘meh’ News

Sep 26, 2024 Jeremy Parkinson Finance 0

I’ve been writing for the past number of weeks that we were approaching the acid test for the hypothesis that unresolved post-pandemic seasonality explained the sharp increase in jobless claims in the summer. This week we are fully immersed in the 6+ month comparison period where initial claims in the past two years averaged between […]

Tata Consumer Product Stocks Elliott Wave Technical Analysis – Thursday, September 26

Sep 26, 2024 Jeremy Parkinson Finance 0

TATA CONSUMER PRODUCT – TATACONSUM (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, orange)Mode: MotiveStructure: ImpulsePosition: Minute Wave (iv) NavyDetails: Minute Wave (v) Navy progressing higher within Minor Wave 5 Grey of Intermediate Wave (5) Orange against 1145.Invalidation point: 1145, Risk tightenedTATA Consumer Product Daily Chart Technical Analysis and potential Elliott Wave Counts:TATA […]

Oil Prices Keep Dropping: Saudi Arabia Shifts Away From $100 Target As It Aims To Reclaim Market Dominance

Sep 26, 2024 Jeremy Parkinson Finance, No picture 0

Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world’s largest crude oil exporter, is set to increase production in December, abandoning its previously pursued $100 per barrel price target.This decision could reshape the global oil market in the coming months as other producers and consumers adjust to […]