October 2024 - Page 136 of 244 -

Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton

Oct 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways John Deaton sees Bitcoin as a revolutionary tool that can help people avoid predatory fees associated with traditional banking systems. He believes that Warren’s policies do not align with the needs of the working class and instead favor established financial institutions. Share this article Bitcoin could help eliminate the need for predatory banks […]

Australian Dollar Continues To Lose Ground Despite Hawkish Remarks From RBA Hunter

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Australian Dollar extends its losing streak due to economic woes in China. RBA’s Hunter indicated that although inflation expectations remain anchored, persistent price growth continues to present challenges for the central bank. The US Dollar appreciates as strong jobs and inflation data have reduced the odds for aggressive easing by the Fed. […]

Japanese Yen Remains On The Front Foot Against USD, Upside Potential Seems Limited

Oct 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Japanese Yen attracts some haven flows, though it lacks bullish conviction. The BoJ rate-hike uncertainty and disappointing data cap the upside for the JPY. Smaller Fed rate cut bets underpin the USD and offer some support to USD/JPY. The Japanese Yen (JPY) strengthened against its American counterpart on Tuesday and reversed a […]

Asia Morning Bites For Wednesday, Oct 16

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: In the US, earnings data was the key driver of markets. Weak earnings for ASML, which makes the world’s most advanced chipmaking machines, triggered a fall in tech stocks. ASML fell 16% and NVIDIA (NVDA) dropped 4.5%. The S&P 500 slipped 0.9% to around 5815. Former President […]

Financial Markets Report For Tuesday, Oct 15

Oct 15, 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, Tuesday, Oct 15.Video Length: 00:11:34More By This Author:Financial Markets Report For Thursday, Oct 10Metal Markets Report For Wednesday, Oct 9Financial Markets Report For Wednesday, Oct 9

A Tech Snafu Drags US Stocks Down, As Investors Grapple With An Untidy China Market

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMARKETSAs Asian investors gear up to take the baton, sentiment and risk appetite will likely remain subdued after a Wall Street selloff. Despite solid earnings from financial powerhouses like Goldman Sachs (GS), Citi (C), and Bank of America (BAC), concerns over tech stocks and the gloomy global economic outlook are looming large. The tech […]

The Stock Market’s Turning Point Is Near

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels ASML IMPACTS The Nasdaq 100 fell by 1.5% today, led lower by the semiconductor sector, with the SMH ETF dropping by more than 5%. This decline was driven by a more than 16% drop in ASML, which reported weaker-than-expected bookings for the third quarter and provided a softer-than-expected outlook for 2025.ASML, a stock […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 15

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashInteresting day in that a stronger downwind took over from the opening in both the ES and NQ. Starting this morning, I was giving a fair chance for the Call Walls to be broken in both the SPY and the QQQ, and what actually ended up taking place is both ETFs broke below their […]

Gold Trends Upward Amid Falling US Yields, US Data Eyed

Oct 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold prices rise as US 10-year Treasury yield drops to 4.03%, enhancing the appeal of non-yielding assets. The New York Empire State Manufacturing Index shows weakness, but inflation expectations revised upward in September. Geopolitical tensions add to Gold’s safe-haven allure as investors brace for key US economic data later this week. Gold prices […]

The Big Bitcoin Breakout Is Here

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashLong-time readers are familiar with the story of my friend Jordan.He made the mistake of buying too much Bitcoin (BTC) in 2017 and couldn’t hold through the volatility.That year, he bought bitcoin at $1,250, $2,800, $7,500 and $14,000. That was an average cost of $6,387.If he just held on that year, he would have tripled his […]