November 2024 - Page 18 of 229 -

BTC Report: UltraShort Bitcoin ETF Hits Record Volumes; BTC Holds $95k

Nov 28, 2024 Jeremy Parkinson Finance, No picture 0

Bitcoin’s price hovers around $95,000 as industry trends highlight a $40 billion miners’ market cap and a surge in UltraShort Bitcoin ETF volume.Bitcoin (BTC) has seen significant market activity recently, with its price fluctuating around the $95,000 mark at the time of writing. As the digital asset’s market trends unfold, miners are approaching a $40 […]

EUR/USD Forecast: Euro Gains Amid Dollar Weakness

Nov 28, 2024 Jeremy Parkinson Finance 0

The Euro has rallied a bit during the early hours on Wednesday as we have seen the United States dollar give back some of its gains. The US dollar was a little overbought. So, it’s not a huge surprise to see that things are starting to shift in another direction. That being said, I think […]

Elliott Wave Technical Analysis – The TJX Companies Inc.

Nov 28, 2024 Jeremy Parkinson Finance 0

The TJX Companies Inc., (TJX) Daily ChartTJX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of 3 of (5).DIRECTION: Upside into wave 3.DETAILS: Looking for upside into wave {v}, equality of 3 vs. 1 stands at 126$ therefore near the end of MinorGroup1. Next upside target would be 1.618 3 vs. 1 at 213$.The […]

Thin Trading Conditions For Remainder Of Week

Nov 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Wednesday’s round of pre-holiday US data came in mostly as expected on the whole. This left the market thinking about month-end flow, which leaned heavily out of the Buck’s favor. US markets are closed for the Thanksgiving holiday.Video Length: 00:00:32More By This Author:Big Day Of US Data Ahead Of Holiday Canadian Dollar Crushed […]

The ISM Economic Figures And The Power Behind Them

Nov 28, 2024 Jeremy Parkinson Finance 0

In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought.Perhaps it is not ideal to discuss hard economic figures the day before Thanksgiving. But US investors will also be confronted with a flood of figures […]

Eurozone Sentiment Shows Surprise Resistance In November

Nov 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The unexpected rise in the European Commission’s economic sentiment indicator should reassure ECB hawks in opposing a 50bp rate cut in December.Folowing last week’s declining PMIs, the European Commission’s economic sentiment indicator (ESI) just brought a small positive surprise.In November, the ESI increased marginally to 95.8, from 95.7 in October. Looking at the […]

Bitcoin Sell-Side Pressure Dominated By New Holders, Research Shows

Nov 28, 2024 Jeremy Parkinson Finance 0

Bitcoin (BITCOMP) remains resilient, trading close to the $100,000 mark despite a recent correction that led to over $500 million in liquidations, predominantly from long positions. A recent report by Glassnode analyzes the cohorts driving the sell-side pressure during this ongoing bull run. Majority Of Sell-Side Pressure Coming From New Market EntrantsAccording to Glassnode’s report titled “The […]

The Ruble Under Pressure

Nov 28, 2024 Jeremy Parkinson Finance 0

From Politico: The ruble tumbled on Wednesday to its lowest level in over two years, as a mix of low oil prices, new sanctions against Russian businesses and burgeoning government spending on its war effort put ever-greater strain on the Russian economy. The central bank reacted by suspending currency purchases for the rest of this year. […]

United States Federal Reserve Minutes: Rate Cuts To Continue “Gradually”

Nov 28, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The US Federal Reserve released on Tuesday the minutes of the Federal Open Market Committee (FOMC) meeting which ended on November 7th. At the meeting, the FOMC voted unanimously to lower rates by 25 basis points to a range of 4.5%-4.75%. This marked the second rate cut in the current easing cycle […]

Crude Oil Steady After Biden Calls Gaza Ceasefire Permanent

Nov 28, 2024 Jeremy Parkinson Finance 0

US President Joe Biden calls the activated 60-day ceasefire deal as permanent. OPEC+ will delay its upcoming Output Policy Meeting to December 5th. The US Dollar Index bounces off support after traders took profit in their Greenback rally. Crude Oil trades rather steady this Thursday with selling pressure building after US President Joe Biden called the recent […]