October 2024 - Page 192 of 244 -

More Uncertainty For The Stock Market: Which Direction Next?

Oct 08, 2024 Jeremy Parkinson Finance 0

Stocks continue to consolidate. Is holding a short position still justified?Stock prices retraced Friday’s gains on Monday as tensions surrounding the Middle East conflict increased. The S&P 500 index lost 0.96%, but it remained within its recent trading range. This morning, it is expected to open 0.4% higher, further extending its sideways movement.I still think […]

USD/JPY Recovers Intraday Losses As US Dollar Strives To Rise Further

Oct 08, 2024 Jeremy Parkinson Finance, No picture 0

The USD/JPY recovers its intraday losses and returns to the day’s high of 148.20 in Tuesday’s North American session. The major gains as the US Dollar (USD) strives to extend its upside. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near a seven-week high of 102.50.The US Dollar’s […]

Crypto.com receives Wells Notice from SEC

Oct 08, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Crypto.com has filed a lawsuit against the SEC over its crypto regulations. The company challenges the SEC’s rule that treats most crypto transactions as securities. Share this article Crypto.com confirmed Tuesday it received a Wells Notice from the US Securities and Exchange Commission (SEC). In response, the company initiated a lawsuit against the […]

EUR/USD Analysis: New Downward Channel

Oct 08, 2024 Jeremy Parkinson Finance 0

The EUR/USD exchange rate faces the risk of further losses in the coming days; however, the downward momentum is likely to fade. Recent selling has pushed the EUR/USD pair towards the 1.0952 support level, where it is currently stabilizing. The positive US jobs data gave a strong boost to the US dollar against other major […]

GBP/JPY Climbs Back Into Positive Territory After Japanese Wage Data Misses Estimates

Oct 08, 2024 Jeremy Parkinson Finance, No picture 0

GBP/JPY climbs back into positive territory just above 194.00 on Tuesday, as the Pound Sterling (GBP) makes a mild recovery against the Japanese Yen (JPY) which depreciates after the release of lower-than-expected Japanese wage data for August. Japanese Labor Cash Earnings rose 3.0% in August on a year-over-year basis, which is lower than the 3.1% estimated […]

Barreling Down. The Energy Report

Oct 08, 2024 Jeremy Parkinson Finance, No picture 0

Our prayers are going out to Florida as a massive storm that could be the worst storm in 100 years approaches and one my friend Robert Ray at Fox Weather says is the scariest storm of his illustrious hurricane tracking career that goes back to Katrina. Robert points out that already Florida gas stations are […]

Why SPY Declined

Oct 08, 2024 Jeremy Parkinson Finance 0

S&P 500 decline about to happen as the premarket rebound was losing steam around 5,780, generating quick intraday profits for clients. The tight range breakout to the upside through NFPs aftermath became contested, yet the downswing similarly respected the proximity of the relatively tight preceding range in the 5,730s.The greatest development though had been continued reappreciation […]

Kospi Composite Index Elliott Wave Technical Analysis – Tuesday, October 8

Oct 08, 2024 Jeremy Parkinson Finance 0

KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart KOSPI Composite Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 1 Direction Next Higher Degree: Orange Wave 3 (started) Details: Orange wave 2 appears completed, and now orange wave 3 is in play. Invalidation Level: 2381.93 The KOSPI Composite Elliott Wave analysis on the daily chart […]

PepsiCo Reports Resilient Third-Quarter Core EPS Of $2.31 Amidst Challenges

Oct 08, 2024 Jeremy Parkinson Finance, No picture 0

In the third quarter of 2024, PepsiCo faced challenges with a slight decline in net revenue, but managed to increase core EPS to $2.31.In the third quarter of 2024, PepsiCo (PEP) reported a slight decline in net revenue, with a decrease of 0.6% compared to the same period in the previous year. The company faced challenges […]

New Home Affordability Crisis Enters 29th Month

Oct 08, 2024 Jeremy Parkinson Finance, No picture 0

Mortgage rates are falling. Estimates of median household income were revised significantly higher. Even new home sale prices fell in August 2024.But for the 29th consecutive month, the typical new home sold in the United States remains out of the affordable reach of the typical American household. In August 2024, we estimate the mortgage payment for a new home […]