October 2024 - Page 69 of 244 -

EUR/USD Finds Temporary Support Even Though Eurozone Economic Activity Contracts Again

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EUR/USD holds support near 1.0760 while the near-term outlook remains downbeat amid weakness in Eurozone business activity. Traders look for fresh cues about the ECB’s likely interest rate cut size in December. EUR/USD has also been benefitted by a slight correction in the US Dollar. EUR/USD finds fresh buying interest near a […]

Bitcoin Price Could Reignite Uptrend: Is A New Surge Coming?

Oct 24, 2024 Jeremy Parkinson Finance 0

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with […]

From Boeing To Beyond: Understanding The Recent Surge In Union Militancy

Oct 24, 2024 Jeremy Parkinson Finance 0

Labor union militancy has increased, as evidenced by the Boeing strike as well as a surge in strikes in 2023. Union pay increases have lagged pay raises at non-unionized employers over the last two years, which is key to understanding recent labor disputes.In 2021, the labor market tightened dramatically. The number of job openings rose […]

Elliott Wave Technical Analysis: CAC 40 (France) Index – Thursday, Oct. 24

Oct 24, 2024 Jeremy Parkinson Finance 0

CAC 40 (France) Elliott Wave Analysis Trading Lounge Day Chart,CAC 40 (France) Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Gray wave 2 POSITION: Orange wave 3 DIRECTION NEXT HIGHER DEGREES: Gray wave 3 DETAILS: Gray wave 1 appears completed, with gray wave 2 of orange wave 3 now in progress. Wave Cancel Invalidation Level: 7,031.04 The Elliott Wave analysis for the CAC […]

USD/CAD Price Forecast: Bulls Have The Upper Hand Despite Corrective Slide, 1.3800 Holds The Key

Oct 24, 2024 Jeremy Parkinson Finance 0

USD/CAD drifts lower on Thursday and is pressured by a combination of factors. Rising Oil prices underpin the Loonie and weigh on the pair amid a softer USD. The BoC’s outsized rate cut and bets for a less aggressive Fed easing limit losses. The USD/CAD pair attracts some sellers on Thursday and moves away from its […]

Sensex Today Trades Marginally Higher; Nifty Below 24,450

Oct 24, 2024 Jeremy Parkinson Finance 0

Equities in Asia fell while the yen stabilized along with Treasuries after a selloff on Wednesday as traders scaled back bets on US interest-rate cuts.US Stocks fell sharply on Wednesday, with the Dow Jones Industrial Average posting its worst day in more than a month, as higher Treasury yields weighed on market sentiment.Here’s a table […]

FX Daily: ECB Doves Float Below Neutral Rates

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The dollar dodged a bullet last night given that the Fed’s Beige Book was largely a non-event. Today the focus is on European PMIs. These are expected to languish near contractionary territory and provide oxygen to the ECB doves who now think the policy rate may need to go below neutral. Expect the […]

Two Trades To Watch: EUR/USD, FTSE Forecast – Thursday, Oct. 24

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EUR/USD remains below 1.08 ahead of PMI data Eurozone Composite PMIs are expected to contract at a slower pace ECB is expected to continue cutting rates EUR/USD trades below 1.08 EUR/USD is rising, snapping a three-day winning run amid profit-taking in the USD, although the USD remains supported near a 3-month high against […]

USD/CAD Forecast: US Dollar Continues To Pressure Canadian Dollar

Oct 24, 2024 Jeremy Parkinson Finance 0

In my daily analysis of the USD/CAD pair, the US dollar continues to show its strength, as we are certainly overextended, but recently had seen a little bit of consolidation that might lead to more renewed confidence in pushing the US dollar higher. After all, markets can’t go forever in one direction, but we had […]

BlackRock goes on Bitcoin buying spree when others flee

Oct 24, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways BlackRock’s iShares Bitcoin Trust garnered over $317 million in inflows, contrasting with losses in other ETFs. Bitcoin’s price remains volatile, peaking at $69,500 last week and now around $67,000. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) keeps attracting investor interest, ending Wednesday with over $317 million in net inflows while most competing […]