September 2024 - Page 57 of 200 -

What A Victory Over Inflation Looks Like To The Federal Reserve The Wary Bond Market

Sep 23, 2024 Jeremy Parkinson Finance 0

In its last statement and discussion on monetary policy, the Federal Reserve essentially announced its official victory over inflation. The Fed cut its interest rate by 50 basis points to 4-3/4 to 5% as part of a “recalibration” of policy from an era of high inflation and low employment to “where we are now and […]

Gold Flies As Dumbo* Whilst The Fed Goes Jumbo

Sep 23, 2024 Jeremy Parkinson Finance 0

Thursday’s Prescient Commentary opened as follows: “We were wrong about the Fed, it having cut its Funds Rates -50bp rather than by our -25bp assertion; and as is our wont, when we’re flat out wrong, we fess up…”Wrong indeed. Through many-a-missive in this year’s early months, we went on about the Federal Reserve needing to actually […]

The Commodities Feed: Speculative Interest In Precious Metals Continues

Sep 23, 2024 Jeremy Parkinson Finance, No picture 0

Speculators continued to build long positions in precious metals as geopolitical risks in the Middle East, the Federal Reserve’s rate cut cycle and prospects of stronger festival demand in India keep the sentiment positive. Energy – ICE Brent recovers furtherICE Brent recovered to above $75/bbl this morning after falling to a low of below $70/bbl earlier in the […]

BTC/USD Forex Signal: Bitcoin Bulls Target $65k As Momentum Stalls

Sep 23, 2024 Jeremy Parkinson Finance 0

Bullish view Buy the BTC/USD pair and set a take-profit at 65,000. Add a stop-loss at 60,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 62,000 and a take-profit at 60,000. Add a stop-loss at 65,000. Bitcoin held steady on Monday morning as last week’s momentum faded. The BTC/USD currency pair was trading at 63,000, higher […]

AUD/USD Forecast: Australian Dollar Continues To Face Resistance

Sep 23, 2024 Jeremy Parkinson Finance 0

The first thing I see is that we continue to see a lot of resistance just above, especially near the 0.6850 level, an area that has been a major barrier for quite some time. If we can break above that, then obviously changes a lot but right now it looks as if it will continue […]

EUR/USD Forex Signal: Consolidation Below $1.1187

Sep 23, 2024 Jeremy Parkinson Finance 0

Today’s EUR/USD Signals Risk 0.75%. Trades must be entered prior to 5pm London time today. Short Trade Ideas Go short following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.1187 or $1.1241. Put the stop loss 1 pip above the local swing high. Adjust the stop loss to […]

EUR/USD Slides Below 1.1100 As Eurozone PMI Surprisingly Contracts

Sep 23, 2024 Jeremy Parkinson Finance 0

EUR/USD faces sharp selling pressure and falls below the crucial support of 1.1100 in Monday’s European session. The major currency pair weakens on multiple headwinds: poor Eurozone Purchasing Managers’ Index (PMI) data for September and a sharp recovery in the US Dollar (USD).The Eurozone Composite PMI surprisingly contracted to 49.0. Economists expected that activities in the overall […]

Binance Crypto Price News Today Elliott Wave Technical Analysis – Monday, September 23

Sep 23, 2024 Jeremy Parkinson Finance 0

Elliott Wave Analysis TradingLounge Daily Chart,Binance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave 2Wave Cancel invalid level: Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Binance/ U.S. dollar(BNBUSD)Trading Strategy:It looks like the wave (2) correction is complete and the price is […]

Silver: What Elliott Wave Analysis Says About The Next Big Move

Sep 23, 2024 Jeremy Parkinson Finance 0

Paul Tudor Jones, one of the most successful money managers of all time, once said: “I attribute a lot of my success to Elliot Wave Theory. It allows one to create incredibly favorable risk reward opportunities.” Here’s what Elliott Wave analysis suggests about silver’s next move, writes Avi Gilburt, founder of ElliottWaveTrader. Back in the 1930s, an […]

Kamala Harris promises to boost crypto, AI growth and protect investors as president

Sep 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Kamala Harris publicly supports AI and crypto for the first time in her campaign. Harris plans to create a stable business environment with clear regulations. Share this article Kamala Harris promised on Sunday that her White House would be committed to fostering the growth of digital assets and artificial intelligence (AI) if she […]