October 2024 - Page 240 of 244 -

Gold Analysis: Unlike The Great Financial Crisis This Will Be The End For Fiat Money

Oct 01, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay During the 2008 Great Financial Crisis (GFC), the monetary system faced a significant challenge. In a gigantic effort to contain the financial crisis, large amounts of U.S. dollars were created by increasing the monetary base.They were able to avoid collapse, but the underlying problem (an extremely debased currency) obviously did not go away simply […]

Fed’s Rate Cut Helps Candidate Harris But Will Hurt President Harris (Or Trump)

Oct 01, 2024 Jeremy Parkinson Finance 0

Image source: Wikipedia Many investors, businesses, and consumers cheered the Federal Reserve’s first interest rate cut since March of 2020. The Fed’s 50 basis points interest rate reduction was larger than many Fed watchers anticipated and was followed by suggestions that there are more rate cuts on the way.A drop in borrowing costs following the Fed’s […]

AI Unicorns: Weka Accelerates AI Model Training

Oct 01, 2024 Jeremy Parkinson Finance 0

Photo Credit: Gerd Altmann from Pixabay According to a recent research report, the global AI data management market is estimated to grow 23% annually through to 2030. The market was pegged at $25.53 billion in 2023. Campbell, California-based Weka is a fast growing company in the space. Weka’s Offerings Weka was founded in 2013 by Liran Zvibel, Maor BenDayan, […]

Bitcoin drops below $62K as Iran launches missile attack on Israel

Oct 01, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bitcoin fell below $62K due to escalating Middle East tensions. Market volatility continues as geopolitical and economic uncertainties persist. Share this article Bitcoin’s value plummeted below $62K on Tuesday afternoon following news that Iran had launched a missile attack on Israel. At the time of reporting, BTC was trading around $62,200, down 1.4% […]

JOLTS Report For August

Oct 01, 2024 Jeremy Parkinson Finance 0

The JOLTS survey parses the jobs market on a monthly basis more thoroughly than the headline employment numbers in the jobs report. In August, all of the important components showed further deceleration.While job openings (blue in the graph below), a soft statistic that is polluted by imaginary, permanent, and trolling listings, rose 329,000 to 8.040 million, […]

Ethereum Struggles To Reach Higher Highs: Key Levels ETH Must Break

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently lagged behind other top tokens, posting losses on both a 24-hour and weekly basis.Despite this downturn, some analysts believe that if Ethereum can overcome critical resistance levels in the near future, it may follow seasonal trends typically seen in “Uptober,” potentially leading to […]

Stock Market Volatility Could Rise In October

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The stabilizing force from the JPM collar is now behind us.Video Length: 00:07:39More By This Author:Volatility May Rise Sharply Following Quarter EndThe Yen Carry Trade Unwind May Have Come Back To LifeA Wave Of Volatility Is Poised To Hit The Market This Week

ISM Manufacturing Contracts 6th Month, 22nd Time In 23 Months

Oct 01, 2024 Jeremy Parkinson Finance 0

ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the September 2024 Manufacturing ISM® Report On Business® emphasis mine. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. U.S. manufacturing activity contracted again in September, and at the […]

Hang Seng Index – Elliott Wave Technical Analysis

Oct 01, 2024 Jeremy Parkinson Finance 0

Hang Seng Index Elliott Wave Analysis (Daily Chart)FUNCTION: Trend MODE: Impulsive STRUCTURE: Gray Wave 3 POSITION: Orange Wave 3 DIRECTION (Next Lower Degrees): Gray Wave 4 DETAILS: Gray Wave 2 completed; Gray Wave 3 in progress Wave Invalidation Level: 16,928.83The Hang Seng Index Elliott Wave analysis for the daily chart suggests an impulsive trend, indicating strong directional movement. The structure currently under analysis is Gray Wave 3, part […]

Car Market Collapse Sends Major Warning To The Economy

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Car stocks got clobbered as the global auto industry is heading for a major fall. There was a flood of announcements from carmakers all over the world this weekend as carmakers are facing very difficult choices. The fallout from the growing reverse will be profound given how important a rising auto market had […]