November 2024 - Page 156 of 229 -

S&P 500 Breaking 6,000 – Is It A State Of Euphoria Yet?

Nov 11, 2024 Jeremy Parkinson Finance 0

Stocks are approaching new record highs, but a consolidation may be imminent.Stocks extended their post-election rally on Friday, with the S&P 500 index setting a new record high of 6,012.45, gaining 0.38%. Although Thursday’s Federal Reserve announcement failed to sustain a rally as the market moved sideways afterward, sentiment improved on Friday. This morning, S&P […]

EUR/GBP Price Prediction: Resumes Bear Trend After Breaking Decisively Below Range Floor

Nov 11, 2024 Jeremy Parkinson Finance 0

EUR/GBP breaks below support from the floor of a six-week range. The pair resumes its long-term bear trend. EUR/GBP has broken decisively below the base of a six-week range (red dashed line on chart) and is in free fall. EUR/GBP Daily Chart The pair is likely to fall substantially lower as the bearish trend resumes. The usual […]

GBP/USD Analysis: Nearing Key Support Levels

Nov 11, 2024 Jeremy Parkinson Finance 0

Along with the US presidential elections and Trump’s victory, both the Bank of England and the Federal Reserve cut interest rates by 25 basis points last week. The GBP/USD currency pair suffered losses last week, reaching a support level of 1.2834, the lowest for the pair in nearly three months, and heading towards a weekly […]

Two Trades To Watch: EUR/USD, Oil Forecasts

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EUR/USD falls to a 4.5-month low on trade tariff worries US trade tariffs could hit Europe’s growth German political uncertainty adds pressure to the EUR EUR/USD falls to 1.0670 EUR/USD has fallen to its lowest level since late June as investors worry about US tariffs which could hurt the euro area economy and […]

US Dollar Strengthens Near Four-Month Highs With US Inflation In Focus

Nov 11, 2024 Jeremy Parkinson Finance 0

The US Dollar trades in the green across the board on Monday. The focus will be on the US inflation data for October later this week. The US Dollar index pops above 105.00 and is ready to test resistance levels. The US Dollar (USD) starts the week on the front foot and strengthens on Monday, […]

FTX blames Binance and CZ for collapse, seeks $1.7 billion in new lawsuit

Nov 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways FTX is suing Binance and CEO Changpeng Zhao for $1.7 billion over alleged fraudulent transfers. The lawsuit claims the 2021 share repurchase deal involved FTX’s insolvency and misleading tweets by Zhao. Share this article FTX has brought a lawsuit against Binance and its founder Changpeng Zhao, seeking to recover around $1.7 billion, which […]

EUR/USD Forecast: Holds Support Amid Market Fluctuations

Nov 11, 2024 Jeremy Parkinson Finance 0

The Euro initially pulled back just a bit during the trading session on Friday. As we continue to see plenty of support underneath at the 1.07 level, I think we see so much in the way of support that it is going to be difficult to break down below here. But I also would point […]

Weekly Market Research: Gold Drops, Tesla Rallies, Bitcoin Hits New High

Nov 11, 2024 Jeremy Parkinson Finance 0

Gold Gold price fell 1.8% for the week, pressured by a stronger dollar and market reaction to Donald Trump’s election victory. Although the Fed cut rates slightly, speculation about slower cuts under Trump’s policies, along with weakened physical demand in India, contributed to gold’s decline. XAUUSD (H4). Despite election-related pressure, gold still has the strength […]

AUD/USD Stabilises As Traders Await Economic Signals

Nov 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China’s economic stimulus measures, the pair finds a momentary respite as it consolidates recent movements. China’s announcement of a significant debt reduction and support for local governments and […]

Rise In Czech Headline And Core Inflation Suggest A Cautious Policy Stance

Nov 11, 2024 Jeremy Parkinson Finance 0

Headline and core inflation picked up in October, with the price dynamics in the service sector unbroken. We see an ambiguous situation, with the economy operating below its potential, while inflation remains above the target. There is space for further easing to support growth, but the path towards a more neutral rate will be paved with caution. […]