October 2024 - Page 143 of 244 -

Bitcoin Cash Price Jumps 15% As Bitcoin Surges Above $66,000

Oct 15, 2024 Jeremy Parkinson Finance 0

Bitcoin Cash (BCH) hits highs of $386 as bulls rally 15% amid Bitcoin gains. US election and ‘Uptober’ sentiment are factors likely to boost bulls. Open interest was up 26% to over $236 million as traders bet long on the altcoin. Bitcoin Cash (BCH) is among the altcoins that recorded substantial gains following Bitcoin’s price […]

Elliott Wave Technical Analysis: Cocoa Commodity – Tuesday, Oct. 15

Oct 15, 2024 Jeremy Parkinson Finance 0

Cocoa Elliott Wave AnalysisSince it reached a record high of 11,722 in April 2024 cocoa prices have been correcting lower. A few months after reaching that high, the commodity shed about 40%. Clearly, the sell-off from April 2024 is correcting the resurgent impulse sequence from September 2022.The price completed an impulse wave rally from September 2022 on the […]

Stocks Chase Nvidia Higher As Volumes Plunge To July 3 Levels

Oct 15, 2024 Jeremy Parkinson Finance 0

The volume in the S&P 500 futures today is notably low. For the day, roughly 830,000 contracts were traded, compared to the 808k contracts traded on the 1/2 day of July 3. This raises questions about the expected October selling, especially considering October typically marks the fiscal year-end for many mutual funds. So far, this […]

AUD/USD Forex Signal – Bearish Flag Pattern Points To More Downside

Oct 15, 2024 Jeremy Parkinson Finance 0

Bearish View Sell the AUD/USD pair and set a take-profit at 0.6645. Add a stop-loss at 0.6780. Timeline: 1-2 days. Bullish View Set a buy-stop at 0.6730 and a take-profit at 0.6800. Add a stop-loss at 0.6645. The AUD/USD pair was in a tight range on Tuesday morning and was hovering near its lowest point […]

Rio Tinto Seasonal Surge Aligns With $6 7 Billion Bet On Lithium

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Rio Tinto recently announced its $6.7 billion acquisition of Arcadium Lithium Plc, positioning itself firmly in the lithium market—a vital mineral for electric vehicle (EV) batteries. This move is significant, considering China’s dominance in lithium production and refining, which accounts for 65% of the global refined lithium output. The acquisition comes at a […]

Gold, The Ancestor Of Writing

Oct 15, 2024 Jeremy Parkinson Finance 0

When did gold first appear? What role did it play in the emergence of civilizations?Gold occupies a central place in modern history and, more generally, in the history of mankind. Recent archaeological discoveries have challenged our understanding of the origins of gold in our societies. Gold seems to have appeared with the first cities, hence […]

Nvidia Nears All-Time High After Shaving Off 30%. Will It Continue Rallying?

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Nvidia stocks (NVDA) are really close to the new high mark, it will probably hit it soon because the company has recovered from a big fall it experienced at the start of the year. After a massive dip of nearly 30%, Nvidia earnings have showed a strong comeback. The shares price have to […]

Johnson & Johnson’s Medtech Segment Shines With Impressive Q3 Growth

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Johnson & Johnson’s third-quarter performance exceeded expectations, with adjusted EPS of $2.42 against an expected $2.19.Johnson & Johnson (JNJ) reported a robust performance in the third quarter of 2024, demonstrating a 5.2% increase in reported sales, reaching $22.5 billion. The operational growth was slightly higher at 6.3%, showcasing the company’s resilience and adaptability in a competitive […]

GBP/USD Remains Below 1.3050 Following UK Labor Data

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

GBP/USD edges lower after registering gains in the previous two sessions, trading around 1.3040 during the Asian trading hours on Tuesday. The pair remains subdued following the mixed employment data release from the United Kingdom (UK).The UK ILO Unemployment Rate eased to 4.0% in the three months leading up to August, down from July’s 4.1% […]

Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Tuesday, Oct. 15

Oct 15, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USDCAD Elliott Wave Analysis Trading Lounge Day ChartU.S. Dollar / Canadian Dollar (USDCAD) Day ChartUSDCAD Elliott Wave Technical Analysis FUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Navy blue wave 1 POSITION: Gray wave 3 DIRECTION (Next Lower Degrees): Navy blue wave 2 DETAILS: Navy blue wave 1 of 3 is in play Wave Cancel Invalidation […]