November 2024 - Page 91 of 229 -

Bitcoin Holds Strong Above $90K: 4 Altcoins Expected To Surge

Nov 19, 2024 Jeremy Parkinson Finance, No picture 0

Most top cryptocurrencies by market cap are trading in the green, with BTC trading at around $92,000. Altcoins, including Solana (SOL), Stellar (XLM), and Ripple (XRP) have gained notably over the past day. The crypto market is trading up again today, with some of the biggest projects such as Bitcoin (BTC), Solana (SOL), Ripple (XRP) and […]

Sensex Today Zooms 800 Points; Auto & IT Stocks Surge

Nov 19, 2024 Jeremy Parkinson Finance 0

Asian share markets are higher today as traders awaited President-elect Donald Trump’s cabinet selection and sought to gauge the outlook for Fed easing.In US markets, Wall Street’s main indexes showed mixed performance on Monday as investors awaited Nvidia’s third-quarter earnings after last week’s sell-off driven by concerns over Donald Trump’s cabinet appointments and central bank policy.Nvidia, whose […]

How Much Lower Could Wednesday’s UK CPI Print Sink The GDP?

Nov 19, 2024 Jeremy Parkinson Finance 0

At its November 7 meeting, the Bank of England cut rates by 25 basis points to 4.75%, with Governor Andrew Bailey emphasizing a cautious approach due to persistent inflation risks, particularly in services. Though only a 20% chance of another rate cut in December is priced in by markets, dovish labor CPI data could shift […]

Gold Miners Enter The Bears Den

Nov 19, 2024 Jeremy Parkinson Finance 0

Many investors consider a decline of 20% or more to be a bear market. We can debate the merit of the random 20% figure, but according to that definition, gold miners, down 25% from its peak on October 22, are in a bear market. We have noted numerous times in the last month or so […]

Elliott Wave Technical Analysis: Shanghai Composite Index – Tuesday, Nov. 19

Nov 19, 2024 Jeremy Parkinson Finance 0

Shanghai Composite Elliott Wave Technical AnalysisFunction: Counter TrendMode: Impulsive as CStructure: Gray Wave CPosition: Orange Wave 2Direction (Next Higher Degrees): Orange Wave 3Details: Gray wave B appears completed, with gray wave C now active.Wave Invalid Level: 2684.5610The Shanghai Composite daily chart analysis by Trading Lounge highlights a counter-trend phase within an Elliott Wave structure. The active wave […]

Forex Today: Bitcoin Keeps Coiling Below Record High

Nov 19, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Bitcoin threatens to make a new record high as it below last week’s high just above $93,000, which suggests that it could reach $100,000 soon. The cryptocurrency Bitcoin has consolidated since making a record high above $93,000 a few days ago, but the price action right now indicates a further bullish breakout is looking likely […]

Georgia Broker-Dealer Learns Costly Lesson From FINRA

Nov 19, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash A Georgia-based brokerage has settled allegations that it and its president developed and sold a trading strategy that they did not understand and that caused near-total losses for 350 clients, according to the Financial Industry Regulatory Authority as reported by Financial Advisor Magazine recently. The brokerage had agreed to $2 million in partial […]

Oil Prices Surge On Supply Disruptions, But Contango Hints At Short-Lived Rally

Nov 19, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Norway’s Johan Sverdrup oilfield halted production of oil, pushing prices higher. WTI market flipped to contango, indicating that there was adequate supply in spot markets. Russia-Ukraine war and a weaker dollar had pushed Brent and WTI prices higher on Monday. Oil prices edged up slightly on Tuesday, extending steep gains from the […]

BTC/USD Forex Signal: Bullish Pennant Points To More Gains

Nov 19, 2024 Jeremy Parkinson Finance 0

Bullish View Buy the BTC/USD pair and set a take-profit at 95,000. Add a stop-loss at 87,000. Timeline: 1-2 days. Bearish View Sell the BTC/USD pair and set a take-profit at 87,000. Add a stop-loss at 95,000. Bitcoin price remained above $90,000 this week as hopes of friendly regulations continued. The BTC/USD pair was trading […]

Pound Sterling Consolidates As Focus Shifts To BoE Hearings

Nov 19, 2024 Jeremy Parkinson Finance 0

The Pound Sterling trades back and forth ahead of several BoE members’ hearings before the Treasury Committee. Traders expect that the BoE will cut interest rates by 25 bps in December. Nomura expects the Fed to leave interest rates unchanged in December. The Pound Sterling (GBP) trades sideways against its major peers on Tuesday with […]