October 2024 - Page 75 of 244 -

GBP/JPY Is Nearing Strong Resistance Zone

Oct 23, 2024 Jeremy Parkinson Finance 0

Photo by Colin Watts on Unsplash GBP/JPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. In fact, drop from the high is impulsive on a smaller time frame, so it’s wave A that stabilized […]

Holding Tesla Stock? Key Expectations Ahead Of The Q3 Earnings

Oct 23, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com On Wednesday, Tesla (NYSE: TSLA) is scheduled to deliver its Q3 2024 earnings after market close (Q&A at 4:30 p.m. Central Time (5:30 p.m. Eastern Time)). Throughout the year, Tesla failed to exceed earnings per share estimates, with the last one in Q2 having delivered a negative 8.7% surprise at $0.42 reported vs $0.46 […]

China As Reason For GLD And SLV Amazing Advance

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels In this short clip from Live Trading Room (Oct 21, 2024), Samantha LaDuc discusses the significant advances in gold and silver prices, highlighting a bullish chart pattern and the impact of international monetary policies.She credits classical economics for her understanding of how countries like China manipulate currency and commodity markets to achieve a […]

Bank Of Canada Frontloads Easing To Support Growth

Oct 23, 2024 Jeremy Parkinson Finance 0

The BoC matched market expectations and delivered a 50bp cut today. Policymakers’ focus is now firmly on “sticking the landing”, as Governor Macklem pointed out. We cannot exclude another 50bp cut in December, but the latest labour market news suggest 25bp is still slightly more likely. Our call for CAD outperformance versus AUD and NZD […]

Global Stock Markets Are Breaking Down, The S&P 500 May Be Next

Oct 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Global stock markets are showing signs of weakness and are breaking uptrends.Video Length: 00:14:07More By This Author:The End To Market Stagnation May Finally Be At Here Rates Rise Sharply As The 10-Year Marches Towards 6% Stock Market Unwind Season Has Finally Arrived

Philip Morris International Pops; Yield Drops

Oct 23, 2024 Jeremy Parkinson Finance 0

Tuesday was a great day for Philip Morris International (PM). The company manufacturers and sells tobacco products internationally in over 180 countries, best know for its Marlboro brand. The company was spun off of Altria (MO) back in March 2008 as a way to separate its domestic and international operations.The stock surged 10.47% in Tuesday’s […]

Silver Is Pulling Back… Could A Squeeze Still Drive Silver Prices To $50?

Oct 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Although we are seeing a sharp price pullback today, gold and silver remain on bullish footing, especially after a notable 12-year breakout in silver over the past four trading days.Analyst Jesse Colombo meticulously explains in his recent article posted at MoneyMetals.com why he believes a silver squeeze has only just begun – and he boldly […]

Dow, S&P 500 Heading For 3rd-Straight Loss

Oct 23, 2024 Jeremy Parkinson Finance 0

Stocks are deep in the red once more today. The Dow Jones Industrial Average (DJIA) is off by 330 points at last check and heading for a third-straight loss, weighed down by McDonald’s (MCD) latest health scare. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both lower as well, the former heading for a […]

Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Wednesday, Oct. 23

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUDJPY Elliott Wave Analysis Trading LoungeAustralian Dollar / Japanese Yen (AUDJPY) Day ChartAUDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive STRUCTURE: Orange wave C POSITION: Navy blue wave 2 DIRECTION NEXT LOWER DEGREES: Navy blue wave 3 DETAILS: Orange wave B appears completed, with orange wave C of wave 2 now unfolding and […]

Visa and PayPal execs push for stablecoin adoption to streamline global payments

Oct 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Stablecoins reduce costs and settlement times in global transactions. The “stablecoin sandwich” model is effectively used in US-Mexico transfers. Share this article Visa and PayPal executives advocated for the broader adoption of stablecoins during a panel at the DC Fintech Week forum earlier today.Visa’s Head of Crypto, Cuy Sheffield, and PayPal Digital’s CEO, […]