October 2024 - Page 21 of 133 -

Elliott Wave Technical Analysis: Swiss Market Index – Wednesday, Oct. 16

Oct 16, 2024 Jeremy Parkinson Finance 0

Swiss Market Index Elliott Wave Analysis Trading Lounge Day ChartSwiss Market Index Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Gray wave 3 POSITION: Orange wave 3 DIRECTION NEXT HIGHER DEGREES: Gray wave 3 (started) DETAILS: Gray wave 2 has been completed, and gray wave 3 is now in play. Wave Cancel invalid level: 11,419.25 The […]

Market Movements And Geopolitical Tensions Drive Today’s Headlines Amid Tech Sector Shake-Ups And Economic Shifts

Oct 16, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay ASML Stock Declines After Significant Sales Outlook CutASML, a leading semiconductor equipment provider, has seen its shares dip after announcing a substantial cut to its 2025 sales outlook. This development has sent ripples through the tech sector, with investors closely monitoring the potential impact on the broader semiconductor market, which is already navigating […]

EUR/USD Analysis: Has It Reached Buying Levels?

Oct 16, 2024 Jeremy Parkinson Finance 0

The Euro currency pair is under pressure against the US dollar and the British pound, as revised inflation data in France for September shed light on the European Central Bank’s decision tomorrow, Thursday. France reported consumer price inflation at -1.3% on a monthly basis in September, down from the initial estimate of -1.2%. The annual […]

Sensex Today Ends 319 Points Lowe; Nifty Below 25,000

Oct 16, 2024 Jeremy Parkinson Finance 0

After opening the day lower, Indian benchmark indices continued the downtrend as the session progressed and ended the day on a negative note.Benchmark equity indices BSE Sensex, and NSE Nifty50 settled in the negative territory on Wednesday.At the closing bell, the BSE Sensex stood lower by 319 points (down 0.4%).Meanwhile, the NSE Nifty closed lower by 86 points (down […]

Stocks Pull Back: Will They Go Lower?

Oct 16, 2024 Jeremy Parkinson Finance 0

Did the market reverse course yesterday, or was it just a temporary pullback?Tuesday’s trading session began on a positive note but soon turned bearish. The S&P 500 failed to reach Monday’s record high of 5,871.41 and reversed lower, ultimately closing 0.76% below Monday’s closing price. It sold off due to weakness in AI sector stocks, […]

US Dollar Extends Rally After Trump Promises More Tariffs

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The US Dollar gets propped up and flirts with a fresh two-month high. Traders are adding to more bets on a Trump win for a second day in a row. The US Dollar Index breaks above a key level on its way to 104.00. The US Dollar (USD) extends gains on Wednesday […]

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 […]