September 2024 - Page 75 of 200 -

Soybean Commodity Elliott Wave Technical Analysis – Friday, September 20

Sep 20, 2024 Jeremy Parkinson Finance 0

Soybean Elliott Wave AnalysisThe soybean market is currently retracing within a long-term corrective structure that has developed since the peak in June 2022. While short-term upside potential appears likely, the overarching trend suggests that a significant sell-off is poised to resume, potentially driving prices toward the lows seen in 2020.Long-Term PerspectiveBefore the decline that began in June 2022, […]

Analytical Overview Of The Main Currency Pairs – Friday, September 20

Sep 20, 2024 Jeremy Parkinson Finance 0

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1111 Prev. Close: 1.1161 % chg. over the last day: +0.45 % The euro is trading near $1.12, the strongest in three weeks, benefiting from the overall dollar weakness after the Federal Reserve cut interest rates by 50 bps. The Fed also signaled additional […]

Solana Flies 12% To Reclaim $140, Is $160 Next?

Sep 20, 2024 Jeremy Parkinson Finance 0

Solana (SOL) joined the recent crypto market pump after climbing 10% on Thursday. SOL’s price broke above a key resistance level, reigniting the bullish sentiment among investors and traders who believe the cryptocurrency is soon poised to reclaim higher targets. Solana Breaks Above Key Resistance LevelFollowing the highly anticipated US Federal Reserve (Fed) rate cuts, the […]

Aethir and Filecoin team up to expand GPU resources, enhance data security

Sep 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Aethir and Filecoin have formed a strategic partnership to address GPU scarcity and enhance data security. Over 43,000 GPUs, including NVIDIA H100s, are integrated into Filecoin’s network. Share this article Aethir, a leader in decentralized GPU cloud computing, has joined forces with Filecoin, the leading decentralized storage network, to provide enhanced computational power […]

US Dollar Flat With Traders Digesting The Past Fed Meeting

Sep 20, 2024 Jeremy Parkinson Finance 0

The US Dollar (USD) trades broadly steady on Friday after Thursday’s sharp decline, when traders revalued the Greenback after the US Federal Reserve (Fed) joined the European Central Bank (ECB) and several others by starting its interest-rate cutting cycle. Quite a different picture comes from the Bank of England (BoE) and the Bank of Japan (BoJ), which decided to […]

Bovespa Index Elliott Wave Technical Analysis – Friday, September 20

Sep 20, 2024 Jeremy Parkinson Finance 0

Bovespa Index Elliott Wave Analysis – Trading Lounge Day Chart Bovespa Index Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Gray Wave 2 POSITION: Orange Wave 3 DIRECTION NEXT HIGHER DEGREES: Gray Wave 3 DETAILS: Gray wave 1 appears to have completed, and now gray wave 2 is currently in play. Wave Cancel Invalid Level: 123065.21 The Elliott Wave analysis for the daily […]

HSBC Share Price Is Up 200% From 2020 Lows; More Upside?

Sep 20, 2024 Jeremy Parkinson Finance 0

HSBC (HSBA) share price has risen for two consecutive weeks as investors focus on the actions by central banks and the new management. The stock was trading at 665p in London, up by over 16% this year and by almost 200% from the lowest point in 2020. Bank in a turnaroundHSBC’s stock performance has coincided with […]

GBP/USD Outlook: Fed-BoE Divergence Boosts Sterling

Sep 20, 2024 Jeremy Parkinson Finance 0

The GBP/USD outlook shows solid bullish momentum after a supersized Fed rate cut and a pause by the Bank of England. The massive Fed rate cut weighed on the dollar, which fell against most major peers. Meanwhile, the Bank of England held rates after a cut in the last meeting, boosting the pound. The US dollar […]

Consolidation Featured, But The Yen And Mexican Peso Are Under Pressure, While PBOC Fixed The Dollar Lower

Sep 20, 2024 Jeremy Parkinson Finance, No picture 0

The week is winding down and the US dollar is mostly consolidating against the G10 currencies. Two exceptions stand out. First, sterling is the only G10 currency higher on the day. It follows the BOE’s cautious hold yesterday and stronger than expected retail sales today. The other exception is the Japanese yen, where the BOJ […]

AUD/USD Holds Gains Above 0.6800 As Fed Sequential Large Rate Cut Bets Rise

Sep 20, 2024 Jeremy Parkinson Finance, No picture 0

The AUD/USD pair clings to gains above the round-level support of 0.6800 in Friday’s European session. The Aussie asset remains broadly firm amid growing speculation that the Federal Reserve (Fed) could deliver one more bumper interest rate cut in its monetary policy meeting in November.The Fed pivoted to policy normalization on Wednesday when he announced a […]