October 2024 - Page 7 of 130 -

FBI arrests man behind SEC twitter hack posting fake Bitcoin ETF approval

Oct 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways An Alabama man orchestrated a SIM swap to illegally access and manipulate the SEC’s Twitter account. The fraudulent Bitcoin ETF approval tweet caused a rapid $1,000 increase and subsequent $2,000 decrease in Bitcoin prices. Share this article The Federal Bureau of Investigation (FBI) today announced the arrest of Eric Council Jr., an Alabama […]

Softs Report – Thursday, Oct. 17

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was lower yesterday and trends are turning down on the daily charts as continued stressful weather was seen in the south but export demand was less. There are still ideas and reports of weaker demand potential against an outlook for improved US production in the coming year. There have been demand […]

ECB Cuts Rates Again With More To Come, Even If Lagarde Won’t Commit

Oct 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay No, nothing to see here. At least no growth panic. Rates were cut again because the ECB thought it could do so, not because it necessarily had to. This somehow is the main message the European Central Bank tried to convey at today’s meeting in Ljubljana. The decision to cut rates by 25bp only […]

Retail Sales: Consumers Spend More On Food, Less On Gasoline And Cars

Oct 17, 2024 Jeremy Parkinson Finance 0

According to the Census Department Advance Estimate, retail sales rose 0.4 percent in September. Advance estimates of U.S. retail and food services sales for September 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $714.4 billion, an increase of 0.4 percent (±0.5 percent) from the previous month, and up 1.7 […]

Funds Piling On Shorts Again. The Corn And Ethanol Report

Oct 17, 2024 Jeremy Parkinson Finance 0

We kicked off the day with Business Inventories, Retail Sales MoM & YoY, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Retail Sales Ex Autos MoM, Continuing Jobless Claims, Jobless Claims 4-Week Average, Philly Fed Business Conditions, Philly Fed CAPEX Index, Philly Fed Employment, Philly Fed New Orders, Philly Fed Prices Paid, and Philly Fed Prices […]

Elliott Wave Technical Analysis: CAC 40 – Thursday, Oct. 17

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash CAC 40 (France) Elliott Wave Analysis Trading Lounge Day ChartCAC 40 (France) Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Gray Wave 2Position: Orange Wave 3Direction Next Higher Degrees: Gray Wave 3Details: Gray Wave 1 has been completed, and now Gray Wave 2 of Orange Wave 3 is unfolding.Wave Cancel Invalidation Level: 7,031.04The Elliott Wave analysis […]

Solana gets new meme coin trading terminal with Jupiter’s Ape Pro

Oct 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Ape Pro provides advanced trading tools like real-time token streaming and MEV protection. Jupiter’s new platform Ape Pro simplifies access with one-tap social login. Share this article Jupiter, Solana’s leading DEX swap aggregator, has introduced a new meme coin trading platform called Ape Pro.Ape Pro, announced earlier today through Jupiter’s official X account, […]

Initial Claims: Maybe The Onset Of A Concerning Trend, But There Are Distortions Galore

Oct 17, 2024 Jeremy Parkinson Finance 0

As I indicated yesterday, today’s initial jobless claims report was particularly challenging, due to hurricane effects and unusual seasonal adjustments. The Columbus Day holiday may also have affected the numbers.To cut to the chase, even after accounting for distortions, the number was very elevated YoY, which if it continues will be a real cause for […]

Analytical Overview Of The Main Currency Pairs – Thursday, Oct. 17

Oct 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0890 Prev. Close: 1.0862 % chg. over the last day: -0.26 % The ECB monetary policy meeting will be held today. Signs of slowing economic growth and weakening price pressures have reinforced the need for faster rate cuts to support the Eurozone […]

Sensex Today Tanks 495 Points; Nifty Ends Below 24,800

Oct 17, 2024 Jeremy Parkinson Finance 0

After opening the day on a negative note, Indian share markets Slipped as the session progressed and ended the day weak.Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended in red amid the expiry of Nifty50 contracts, mirroring its Asian peers, on Thursday.At the closing bell, the BSE Sensex stood lower by 495 points (down 0.6%).Meanwhile, the NSE […]