November 2024 - Page 27 of 229 -

Tether to end EURT support, focusing on MiCA-compliant stablecoins

Nov 27, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Tether is discontinuing support for its euro-pegged stablecoin EURT due to regulatory changes. Tether will focus on EURQ and USDQ, MiCAR-compliant stablecoins, in partnership with Quantoz Payments. Share this article Tether said Wednesday it will no longer support its euro-pegged stablecoin EURT. Instead, the company is shifting focus to new projects, including stablecoins […]

Jobless Claims Continue To Signal Moderate Expansion

Nov 27, 2024 Jeremy Parkinson Finance 0

Let me start to update this week’s data with jobless claims.Initial claims fell another -2,000 to 213,000, the lowest since last May. The four week moving average declined -1,250 to 217,000, also a six month low. With the usual one week lag, continuing claims rose 9,000 to 1.907 million:As with one week ago, the increase […]

USD/CAD Turns Subdued After Mid-Tier US Data Release

Nov 27, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD edges lower as the US Dollar tumbles after a slew of mid-tier US economic data. Investors will pay close attention to the US PCE inflation data for October. The Canadian Dollar remains weak as US Trump threatens to impose 25% tariffs on Canada. The USD/CAD pair ticks down as the US […]

The Yen Carry Trade Is BACK (Here’s What You Need To Know)

Nov 27, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Japan’s yen has diverged from other currencies over the past few weeks, strengthening against the dollar. That suggests more carry trading dynamics, an interplay between different versions of them. Yes, there is more than one carry trade, and understanding the distinctions is key to getting a sense of possible vulnerabilities here.Video Length: 00:19:59More […]

What Industries Will Suffer The Most Under Trump’s Plan To “Make Tariff’s Great Again”?

Nov 27, 2024 Jeremy Parkinson Finance 0

Trump is upping the rhetoric on Mexico, Canada, and China on top of previous tariff threats. Who will be hardest hit?Import/Export data from Trading Economics, chart by Mish Threat to Scrap USMCAThe Wall Street Journal writes Trump Fires Salvo on North American Trade Pact Donald Trump’s new tariff pledges send a clear signal that he wants […]

Core PCE Meets Light Volume

Nov 27, 2024 Jeremy Parkinson Finance 0

Yet another tight range, low volume S&P 500 day was good enough for slow extension of clients‘ swing gains, and for quick intraday ones too. What should be a disappointment for every tech investor, is the reaction to yesterday‘s batch of earnings, especially in light of retreating yields. This analogically applies to precious metals stabilization and […]

Continuing Jobless Claims Top 1.9 Million Americans – Highest In 3 Years

Nov 27, 2024 Jeremy Parkinson Finance 0

The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) – the lowest since April 2024…Source: BloombergHowever, on a non-seasonally-adjusted basis, claims hit a four month high.Meanwhile continuing jobless rose to 1.907 million Americans – the highest in three years…Source: BloombergSo, take your pick – the labor market […]

Ripple backs Bitwise Physical XRP ETP following its rebranding

Nov 27, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bitwise has rebranded its European XRP ETP, with Ripple planning an investment. The Bitwise Physical XRP ETP is physically backed and approved by German regulators. Share this article Ripple will invest in Bitwise’s XRP exchange-traded product (ETP) following its rebranding. The fund, previously known as ETC Group Physical XRP, is now named Bitwise […]

Elliott Wave Technical Analysis – Chevron Inc.

Nov 27, 2024 Jeremy Parkinson Finance 0

CVX Elliott Wave Analysis Trading LoungeChevron Inc., (CVX) Daily ChartCVX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {iii}.DIRECTION: Upside within {iii}.DETAILS: Looking for upside into wave {iii} as we seem to be missing another wave (iii) and (iv) within {iii}, suggesting we could get towards 200$.Chevron Inc., (CVX) 1H ChartCVX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: […]

AUD/USD Bounces After Australian Trimmed Mean CPI Data, Fed Rate-Cut Bets

Nov 27, 2024 Jeremy Parkinson Finance 0

AUD/USD sees a brief uplift following higher trimmed mean CPI out of Australia in October. Figures showed headline CPI at multi-year lows but this was put down to lower energy and fuel prices. Further gains result from a slight increase in bets the Federal Reserve will cut rates in December. AUD/USD bounces within a prolonged […]