October 2024 - Page 132 of 244 -

Bitcoin surpasses $68,000, on track to break record high

Oct 16, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bitcoin has surged to $68,000, only 8% away from its record high. Analysts suggest that once Bitcoin’s dominance declines, altseason will kick off. Share this article Bitcoin broke through the $68,000 price level during the early hours of Wednesday, and is only 8% away from its all-time high of $73,000, according to data […]

MicroStrategy Is A Leveraged ETF In Disguise

Oct 16, 2024 Jeremy Parkinson Finance 0

Per its website, MicroStrategy “provides software solutions and expert services that empower every individual with actionable advice.” While Microstrategy’s mission description may seem like a profitable enterprise, reality has a different opinion. Since 1997, the company has a cumulative net loss of $1.108 billion. Accordingly, the graphs below show its revenue has been flat to […]

The Bitcoin Price Rose To A New October High Yesterday

Oct 16, 2024 Jeremy Parkinson Finance 0

Bitcoin chart analysisThe price of Bitcoin managed to reach a new weekly high on Tuesday at the $67922 level. After its formation, we saw a pullback to support at the $65,000 level. The price managed to stabilize at that level and initiate a new bullish consolidation. This morning, we are back above $ 67,000 again, […]

New Trend Of Inflation Cool Down

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash If we look at markets this Wednesday, there hasn’t been a whole lot of movement. Nevertheless, there has definitely been a theme, and that theme is central banks coming under pressure to tweak their respective outlooks on account of softer inflation data.Video Length: 00:01:19More By This Author:Investors Underwhelmed By Latest China Moves Dollar […]

Rates Spark: Easing Inflation Expectations Going Into The ECB Meeting

Oct 16, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay With the ECB decision on Thursday, markets are comforted by falling oil prices which are helping to ease inflation expectations. We share the market view that the ECB will cut by 25bp, but the pessimism on growth may be overdone. In the meantime, EGB spreads continue to tighten, partly driven by the 10Y Bund […]

Vodafone Share Price Rally Has Stalled: Buy, Sell, Or Hold?

Oct 16, 2024 Jeremy Parkinson Finance 0

Vodafone (VOD) share price has done well this year, helped by its ongoing transformation under Margherita Della Valle, the CEO. It has jumped by more than 25% from its lowest point in February.Vodafone is one of the biggest telecom companies globally. According to Companies by Market Cap, it is the 29th biggest player in the […]

Tracking The Current US Business Cycle In Four Charts

Oct 16, 2024 Jeremy Parkinson Finance 0

The US economy continues to defy the recession forecasts that received much attention in the summer. The primary drivers of the economic resilience: strong growth in payrolls and consumer spending. By contrast, industrial production, after a strong start once the pandemic recession ended, has faltered recently. Meanwhile, the revival of personal income has suffered one […]

Morgan Stanley Reports Double Beat In Third Quarter With $15.4 B In Revenue

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Morgan Stanley (NYSE: MS) reported a robust performance in the third quarter of 2024, showcasing significant growth across its business segments. The firm achieved net revenues of $15.4 billion, a notable increase from $13.3 billion in the same quarter the previous year.This increase in revenue was driven by strong performances in Institutional Securities, Wealth […]

USD/CAD Price Analysis: CPI-led Rally Fades Below 1.3800

Oct 16, 2024 Jeremy Parkinson Finance 0

The USD/CAD price analysis shows a slight retreat, with fundamentals supporting further upside. The Canadian dollar traded near a 10-week low after inflation numbers were lower than expected. Meanwhile, the greenback remained firm, with higher expectations for a small Fed rate cut in November.Canada’s annual inflation eased more than expected to 1.6% in September, raising […]

Elliott Wave Technical Analysis: Copper – Wednesday, Oct. 16

Oct 16, 2024 Jeremy Parkinson Finance 0

Copper Elliott Wave Analysis Copper retreats lower from the high of September 2024. The fall is correcting the August & September 2024 bullish run. It appears the bullish run will resume after the current sell-off is completed.Daily Chart AnalysisFrom the long term, price is unfolding into a diagonal structure from the lows of March 2020. On […]