October 2024 - Page 70 of 244 -

Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Oct 24

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CounterStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((E)) of ImpulseWave Cancel invalid Level:Details: Movement within the Triangle pattern May is complete and the price increase again.Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: The correction in wave ((2)) seems to be over so we […]

Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Oct 24

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:00More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]

Current Report: United Microelectronics Corporation

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.United Microelectronics (UMC) is the world’s third-largest dedicated chip foundry, with a 7% market share in 2023 after TSMC and GlobalFoundries.UMC operates 12 fabs in Taiwan, Mainland China, Japan, and Singapore, with additional […]

USD/CHF Hovers Around 0.8650 Close To Two-Month Highs, US PMI Awaited

Oct 24, 2024 Jeremy Parkinson Finance 0

Photo by Claudio Schwarz on Unsplash USD/CHF maintains its position near a two-month high of 0.8686, reached on Wednesday. Rising geopolitical tensions might have provided minor support for the safe-haven Swiss Franc. Traders will likely observe the US Purchasing Managers Index scheduled to be released on Thursday. USD/CHF trades around 0.8660 during the early European session on Thursday, […]

Real Shocks And Recessions

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsAlex Tabarrok and Tyler Cowen are doing a series of podcasts on the economy of the 1970s. A few weeks back, I commented on one of their previous podcasts, which discussed the tricky problem of establishing causality for changes in inflation. Their most recent podcast discusses oil shocks and the business cycle, an area where causality is even […]

The Commodities Feed: Palladium Sanction Concern

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Energy – Large US crude build Having sold off more than 1.4% yesterday, ICE Brent bounced back this morning and edged towards $76/bbl. The market continues to be caught between supply risks related to ongoing Middle East tension and lingering demand concerns. The outlook for a comfortable 2025 oil balance will also be […]

Mag 7 Earnings Loom: What Can Investors Expect?

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Total Q3 earnings for the 120 S&P 500 members that have reported results through Wednesday, October 23rd, are up +1.9% on +4.2% higher revenues, with 79.2% beating EPS estimates and 63.3% beating revenue estimates. The earnings growth pace for this group of 120 index members represents a deceleration from what we had seen […]

Australian Dollar Gains Ground Following Domestic PMI Release

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Australian Dollar remains stronger after the release of Purchasing Managers Index data on Thursday. Australia’s Judo Bank Services PMI inched up to 50.6 in October, marking its ninth consecutive month of expansion. Fed Beige Book report indicated that economic activity was “little changed in nearly all Districts.” The Australian Dollar (AUD) edges […]

Markets Up From Session Lows, Still Close In Red

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMarkets closed off session lows today — which were -620 points on the Dow earlier this afternoon — but have rebounded somewhat. The Dow finished the day -409 points, -0.96%, while the S&P 500 nearly mirrored that output, -0.92%. The Nasdaq dropped the biggest percentage, -1.60%, while the small-cap Russell 2000 rolled off -0.79%.Economic […]

USD/CAD Moves Away From Post-BoC Swing High, Slides To 1.3825 On Softer USD

Oct 23, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD attracts some sellers on Thursday amid a modest USD pullback from a three-month high. Renewed buying around Oil prices underpins the Loonie and exerts additional pressure on the pair. The BoC’s jumbo rate cut and bets for a less aggressive Fed easing warrant some caution for bears. The USD/CAD pair edges lower […]