November 2024 - Page 78 of 229 -

Former FTX CTO Gary Wang avoids prison time for role in crypto fraud

Nov 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Gary Wang avoided prison time due to his cooperation in the case against Sam Bankman-Fried. US District Judge Kaplan considered Wang’s cooperation and lesser role in the fraud scheme. Share this article Gary Wang, the former chief technology officer of FTX who helped founder Sam Bankman-Fried steal nearly $8 billion from customers, avoided […]

Is Fed Policy Still Too Tight?

Nov 20, 2024 Jeremy Parkinson Finance 0

The next round of central bank decisions could rank among the most challenging in recent history, perhaps in decades. Policy hawks and doves can cite a fair amount of evidence to support their respective views. The deciding factor, as usual, will be the incoming data. But waiting for clear signs could risk the Fed’s success […]

Analytical Overview Of The Main Currency Pairs – Wednesday, Nov. 20

Nov 20, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0598 Prev. Close: 1.0594 % chg. over the last day: -0.04 % ECB officials, including Vice President Luis de Guindos and Bundesbank President Joachim Nagel, warned that new US trade tariffs could hurt economic growth in the Eurozone while downplaying inflation concerns. […]

Corn/Wheat FOB Prices- Black Seas Tensions & South American Weather. The Corn & Ethanol Report

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction at 10:30 A.M., 20-Year Bond Auction at 12:00 P.M., Dairy Products Sales and Milk Production at 2:00 P.M. The Census […]

Block Inc: Chart Analysis

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Hey – good morning everybody. Happy Wednesday. It’s time for our chart of the week, and this week we’re gonna be focused in on the technology name Block; the symbol is SQ. It used to be called Square, it’s now called Block. Let’s take a look at this chart. It had a really […]

GBP/CAD Price Prediction: Pierces Below Confirmation Level For Rising Wedge

Nov 20, 2024 Jeremy Parkinson Finance 0

GBP/CAD is extending its decline after breaking out of a bearish Rising Wedge pattern. The pair has already pierced below the October 3 lows (dashed red line), one of the confirmation levels for the pattern and is therefore likely to continue lower. GBP/CAD Daily Chart The next target to the downside is at 1.7518, the 61.8% extrapolation […]

Gold Analysis: Forms A New Uptrend Channel

Nov 20, 2024 Jeremy Parkinson Finance 0

For three consecutive trading sessions, the gold price has been moving within an upward rebound, with gains reaching the resistance level of $2642 per ounce, the highest price in a week. This rebound is to recover from losses that reached the lowest level of the gold price index, which plummeted last week to the support […]

USD/CAD Price Analysis: Canada Inflation Exceeds Projections

Nov 20, 2024 Jeremy Parkinson Finance 0

The USD/CAD price analysis shows a bearish shift in sentiment after data revealed that inflation in Canada was higher than expected. Meanwhile, the dollar eased as safe-haven demand caused by Putin’s nuclear announcement faded.Data on Tuesday revealed that Canada’s inflation prices increased by 2.0% in October, above estimates of 1.9%. Moreover, it was well above […]

Target Shares Crash On Profit Miss, Downgraded Outlook, & Market Share Loss As Walmart Reigns Supreme

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The current consumer environment is very dire for households making less than $100k a year, with the surge in the trade-down phenomenon—driven by both wealthy and low-income consumers grappling with record credit card debt and sliding personal savings—solidifying Walmart’s dominance as ‘America’s low-cost budget retailer,’ quickly eroding market share from competitors like Target and Dollar General […]

AUD/USD Price Forecast: Slumps To Near 0.6500 As Fed Dovish Bets Ease

Nov 20, 2024 Jeremy Parkinson Finance 0

AUD/USD falls sharply to near 0.6500 due to a strong recovery in the US Dollar. Market expectations for Fed rate cuts in December have slightly eased. AUD/USD falls back after failing to climb above 38.2% Fibo retracement at 0.6535. The AUD/USD pair drops sharply to near the psychological support of 0.6500 in the North American trading […]