October 2024 -

Dogecoin soars 10% as Elon Musk unveils D.O.G.E initiative in first campaign swing for Trump

Oct 18, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Elon Musk’s introduction of D.O.G.E at a Trump rally led to a 10% increase in Dogecoin’s value. Musk’s campaign contributions are seen as a major influence on Dogecoin’s market performance. Share this article Dogecoin was up around 10% after Elon Musk unveiled his “Department of Government Efficiency” (D.O.G.E) during his first campaign swing […]

SPDR ETF Report For Thursday, Oct 17

Oct 18, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, October 17.Video Length: 00:16:54More By This Author:Financial Markets Report For Thursday, Oct 17Metal Markets Report For Wednesday, Oct 16Financial Markets Report For Wednesday, Oct 16

Elliott Wave Technical Analysis: ChainLink Crypto Price News For Friday, Oct 18

Oct 18, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartChainLink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Triple CorrectivePosition: Wave ZDirection Next higher Degrees: Wave ((II)) of ImpulseWave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the […]

Japanese Yen Strengthens Against USD Amid Fresh Verbal Intervention From Authorities

Oct 18, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Japanese Yen attracts some buyers after verbal intervention from government authorities. Signs of easing inflation in Japan raise doubts about additional BoJ interest rate hikes this year. Bets for smaller rate cuts by the Fed underpin the USD and should lend support to the USD/JPY. The Japanese Yen (JPY) edges higher against […]

SEC targets Ripple’s XRP sales on exchanges, distributions of XRP to employees in new filing

Oct 18, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways The SEC’s appeal does not contest XRP’s classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC’s claims against Ripple’s XRP transactions. Share this article The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital […]

Elliott Wave Intraday View: S&P 500 Futures (ES) Wave 5 In Progress

Oct 18, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayShort Term Elliott Wave View in S&P 500 Futures (ES) suggests that cycle from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 5669.75 and dips in wave 2 ended at 5394. The Index extends higher in wave 3 towards 5830 and pullback in wave 4 […]

Australian Dollar Holds Ground After The Release Of China GDP Data

Oct 18, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Australian Dollar rises as the solid employment data diminish the odds of RBA’s rate cuts in 2024. China’s Gross Domestic Product reported a 4.6% growth YoY in Q3, compared to the previous 4.7% reading. The US Dollar received support from a solid US Retail Sales report, fueling the likelihood of the Fed delivering […]

Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Oct 18

Oct 18, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:29More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]

Has American Economic Output Been In Decline Since 2022?

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThis is the premise of a new paper by Peter St. Onge and EJ Antoni. I have been trying to find a deflator that can yield that US GDP in 2024Q2 is 2.5% below 2019Q1 levels. Based on their discussion in their paper, as well as a video by Dr. St. Onge, I have tried calculating a consumption […]

Asia Morning Bites For Friday, Oct 18

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields headed higher in a curve-steepening move that may have had as much to do with the re-imposition of “Trump trades” than anything macro or Fed-related. That said, there was some solid US retail sales data to consider (see also below). https://think.ing.com/snaps/solid-us-spending-points-to-cautious-cuts/ 10Y yields rose 7.8bp […]