September 2024 - Page 38 of 200 -

Visa launches platform for banks to launch and test tokenized assets

Sep 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Visa launches VTAP to help banks issue and test fiat-backed tokens on blockchains. BBVA is testing the platform and plans to launch a pilot on Ethereum in 2025. Share this article Visa has introduced a new platform to assist banks in issuing and testing fiat-backed tokens, as reported by Blockworks. The Visa Tokenized […]

Mahindra & Mahindra Stocks Elliott Wave Technical Analysis – Wednesday, September 25

Sep 25, 2024 Jeremy Parkinson Finance 0

MAHINDRA & MAHINDRA – M_M (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, Wave (5) Orange) Mode: Motive Structure: Impulse Position: Minute Wave ((v)) NavyDetails: Minute Wave ((v)) Navy is progressing higher within Minor Wave 3 Grey of Intermediate Wave (5) Orange against 2640. Risk tightened.Invalidation point: 2640MAHINDRA & MAHINDRA Daily Chart Technical Analysis and potential Elliott Wave […]

Bullish GBTC Can Push Crypto Market Higher

Sep 25, 2024 Jeremy Parkinson Finance 0

We want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where handle is supported by 20-month moving average. Cup and Handle is a bullish pattern that can push Crypto market higher. GBTC Monthly Technical ChartLooking at the daily chart of GBTC […]

EUR/USD Outlook May Not Be So Bright Despite Recent Gains

Sep 25, 2024 Jeremy Parkinson Finance 0

Without any sharp improvement in eurozone data, international supportive factors should play diminishing role to keep the EUR/USD elevated moving forward. That’s unless US recession alarm bells go off with further significant deterioration in data from the world’s largest economy. There’s not much in the way of Eurozone data to look forward to this week, […]

Finding Fiscal Firepower. The Energy Report

Sep 25, 2024 Jeremy Parkinson Finance, No picture 0

Oil is pulling back as a warning from the Organization for Economic Co-operation and Development (OECD) global governments had better cut spending and raise taxes to regain what they call “Fiscal Firepower” to fight the next economic shock. The think thank says that while global governments may have turned the corner on inflation, they have […]

ES 5,805 Waiting

Sep 25, 2024 Jeremy Parkinson Finance 0

Overpowering big China stimulus news, S&P 500 flushed on weak US data, only to swiftly recover – producing both swing and intraday client profits.with the upswing into the close called as well. The extra China liquidity in the region of $175bn powered real assets ahead – copper, silver and gold all benefited mightily.Bad news at home remained […]

EUR/GBP Continues Recovery Sparked By Governor Bailey’s Dovishness EUR/GBP rebounds despite increasing odds of an ECB Autumn cut Stronger GBP unlikely to feedback into lower inflation – Commerzbank

Sep 25, 2024 Jeremy Parkinson Finance, No picture 0

EUR/GBP continues its recovery, trading up 0.40% in the 0.8360s on Wednesday. The Pound started losing ground against the single currency after commentary from Bank of England (BoE) governor Andrew Bailey, in which he said that he saw interest rates continuing to fall gradually. This, in turn, put pressure on Sterling since lower interest rates attract less capital inflows. “I’m […]

Kamala Harris likely to fire Gary Gensler if elected, says Mark Cuban

Sep 25, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Mark Cuban suggests Kamala Harris may remove Gary Gensler as SEC Chair if elected. Gensler faced criticism in Congress over unclear crypto asset definitions and regulations. Share this article Billionaire Mark Cuban stated that Vice President Kamala Harris’ team opposes “regulation through litigation,” suggesting Gary Gensler could be removed as Chairman of the […]

Bull Of The Day: Okta

Sep 25, 2024 Jeremy Parkinson Finance, No picture 0

Okta (OKTA), a $13 billion provider of identity security solutions, is back to the upper realms of the Zacks Rank after EPS estimates turned back north this month.What’s odd is that the stock price is still in the cellar after their late August earnings report saw shares drop over 17% on the day of, and then […]

Chinese Indices Rise On PBoC Stimulus. In Australia, Inflationary Pressures Are Easing

Sep 25, 2024 Jeremy Parkinson Finance, No picture 0

At Tuesday’s close, the Dow Jones Index (US30) was up 0.20%, while the S&P 500 Index (US500) added 0.25%. The NASDAQ Technology Index (US100) closed positive 0.56%. Hawkish comments from Fed Chair Bowman, the only dissenter to last week’s 50 bps cut in the Fed Funds rate, put some pressure on stocks on Tuesday when she […]