October 2024 - Page 119 of 133 -

WTI Drifts Higher Above $70.50 On Fears Over Middle East Supply Disruptions

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay WTI gains traction to near $70.60 in Thursday’s early Asian session. Middle East geopolitical tensions lift WTI price. Large US crude inventories built last week might cap the upside for WTI. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.60 on Thursday. The WTI price extends its upside as traders assess oil […]

Financial Markets Report For Wednesday, Oct 2

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, October 2.Video Length: 00:10:57More By This Author:Metal Markets Report For Tuesday, Oct 1Financial Markets Report For Tuesday, Oct 1Metal Markets Report For Monday, Sept 30

Yen Bulls Run For The Exits Faster Than You Can Say “Sayonara”

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayBullish yen traders are still reeling from the sharp monetary policy stance taken by newly appointed Prime Minister Shigeru Ishiba after his meeting with Bank of Japan Governor Kazuo Ueda on Wednesday.In a statement that sent shockwaves through the yen markets, Ishiba said, “I do not believe we are in an environment that would […]

Bank Of America Customers Report Widespread Outage, Zero Balances

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashBank of America (BAC) customers on Wednesday reported having problems accessing their bank accounts or that their account balances currently show $0.The outage started at around 12:30 p.m. E.T. on Wednesday, according to the tracking website Downdetector.About an hour later, more than 20,000 user complaints were submitted via the website.The Epoch Times’ Jack Phillips reports that numerous […]

Ripple may file a cross-appeal to challenge SEC’s legal move

Oct 02, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Ripple faces a $125 million fine, significantly less than the SEC’s initial $2 billion claim. Ripple may challenge the classification of XRP sales or the fine amount in a potential cross-appeal. Share this article Ripple is considering filing a cross-appeal in response to the SEC’s appeal against the court’s judgment on August 7, […]

Stocks Finish Flat As The Bears Take The Day Off

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsStocks finished little changed on Wednesday, ahead of ISM services data tomorrow and, of course, the employment report on Friday. The VIX—1Day closed today around 14, and given the importance of the job report on Friday, I would be shocked if it doesn’t climb to 20 or higher tomorrow.Whether the market sells off tomorrow […]

GDPNow Nowcast Dips On Weak ISM And Construction Spending

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThe GDPNow nowcast fell 0.6 percentage points to 2.5 percent on weaker than expected economic reports.GDPNow data from the Atlanta Fed, chart by MishThe Atlanta Fed updated its GDPNow Nowcast on October 1. Here is a recxap. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 2

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashTonight, I continue to update both counts that I’m running side by side with each other. I lay out several possible paths and to which count it would be applied. However, having said that I also need to include that it will likely the balance of the week to get our answers as to […]

Today Was Quiet… But Trading’s About To Get Good

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThe S&P 500 has been practically asleep, but I’m looking for volatility to pick up in a big way – starting with everyone’s favorite retail stocks.This is what you need to know…Video Length: 00:12:00More By This Author:Geopolitical Tensions Rise As Stocks Teeter Near HighsA Tumultuous Quarter Ends At New HighsAnother Inflationary Match Lit

Silver Price Forecast: XAG/USD Rebounds And Reclaims $31.50

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver rises 0.39%, trading at $31.82 as buyers push prices above the opening level, reclaiming $31.50. RSI hints at consolidation ahead, with a break above $32.30 needed to challenge the YTD high of $32.71. A fall below $31.00 could lead to a deeper pullback, with key support levels at $30.50 and the 100-DMA […]