November 2024 - Page 187 of 229 -

EUR/USD Hovers Around 1.0750 With Negative Bias Amid Trump Trades

Nov 07, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD may depreciate further as the US Dollar (USD) receives support from Trump trades. Republicans to gain significant authority to push through an expansive agenda focused on tax and spending cuts. The ECB may consider cutting rates to near zero by 2025 if Europe’s economic growth falters due to Trump’s tariffs. EUR/USD holds […]

Silver Price Forecast: XAG/USD Hovers Around $31.00, Seems Vulnerable Near Multi-Week Low

Nov 07, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver remains under some selling pressure on Thursday and hangs near a three-week low. The recent breakdown below key technical levels supports prospects for additional losses. Any attempted recovery might now be seen as a selling opportunity and remain capped. Silver (XAG/USD) trades with negative bias for the second straight day on Thursday and […]

BlackRock records largest single-day outflow, but Bitcoin ETFs still post $622 million gains

Nov 07, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways US spot Bitcoin ETFs break a three-day losing streak with $622 million in net inflows on November 6. Despite BlackRock IBIT’s largest outflow day, several ETFs, including Fidelity and ARK, led gains with substantial inflows. Share this article US spot Bitcoin ETFs attracted approximately $622 million in net inflows on November 6, ending […]

Binance Crypto Price News Today Elliott Wave Technical Analysis 8

Nov 07, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave 2Wave Cancel invalid level:Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.Binance/ U.S. dollar(BNBUSD)Trading Strategy: The correction in wave 2 seems to be over so […]

Breaking Down The Q3 Earnings Season Scorecard Magnificent 7 Generates Sustainable Earnings Growth

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Total Q3 earnings for the 399 S&P 500 members that have reported results through Wednesday, November 6th, are up +6.9% on +5.2% higher revenues, with 73.9% beating EPS estimates and 61.4% beating revenue estimates. Earnings growth is expected to accelerate after the modest growth pace in Q3, with double-digit earnings growth projected […]

Why Has The SPDR Financial XLF ETF Surged To A Record High?

Nov 07, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Financial Select Sector SPDR ETF has surged to a record high. Donald Trump will usher in a new era in financial deregulation. The Federal Reserve will cut interest rates by 0.25% on Thursday. The Financial Select Sector SPDR ETF (XLF) has been in a strong bull run and is sitting at its […]

The “Little Things” Matter In Investing (And In Baseball, Too)

Nov 06, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsYou’ve probably heard enough about the election, so I’m not going to comment anymore on what it may mean for your portfolio or anything like that. You can read what I wrote about it here if – for some reason – you can’t get enough of Harris and Trump.Instead, I’m going to talk about something way […]

German Government Collapses As Mass Strikes Grind Economy To A Halt

Nov 06, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIt’s not a good day for the establishment. Just hours after Kamala Harris – and the Democrats – staggering loss which ushered in Trump as president for the third time and gave Republicans a sweep of Congress, Germany’s three-party ruling coalition which had been on the verge of collapse for months, imploded on Wednesday […]

Polymarket faces potential ban in France amid gambling concerns

Nov 06, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Polymarket has come under scrutiny from France’s gambling regulator. Polymarket has facilitated over $3.2 billion in bets, raising legal concerns in France. Share this article France is considering restricting access to Polymarket amid concerns over unlicensed gambling activities, as reported by The Big Whale, a French web3-focused publication, on Wednesday.Polymarket’s model of betting […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Nov 6

Nov 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashI would say that I was glad to be late in preparing and posting yesterday’s update in that the surge higher broke a level in the S&P which invalidated and continuing minute 4 wave count and set us up for what turned into a massive across-the-board rally in equities. Had I been more ‘on […]